Egyptian fintechs team up with Fintech Galaxy’s open finance platform

Egyptian fintechs team up with Fintech Galaxy’s open finance platform

Fintech Galaxy's FINX Connect now hosts over 10 prominent Egyptian fintechs, including Sympl, Synapse Analytics, and Valify, strengthening the bridge between Egypt and the Gulf region's financial sector. Joining FINX Connect allows these fintech firms to expand their reach to the broader Gulf region, leveraging Open Banking solutions for greater customer reach and diversified services. Fintech Galaxy will provide its open banking platform to enable Egyptian fintechs to access a large network of banks, and help advance their expansion into Bahrain, Saudi Arabia, UAE and further markets Cairo, Egypt - Fintech Galaxy, a regional central bank-regulated Open Finance platform, announces the onboarding of over 10 Egyptian fintechs. The open APIs provided by Fintech Galaxy's FINX platform will foster a host of innovative use cases for the onboarded fintech companies. The integration will enable FinTechs to offer services such as flexible buy-now-pay-later schemes, personalized, AI-driven financial services, accurate credit scoring, risk assessment, and predictive financial management tools. Moreover, the use of open APIs will enhance digital identity verification and fraud detection processes, leading to safer and more reliable online transactions. Sympl, Synapse Analytics, and Valify are some of the newly-onboarded FinTechs to the Open Finance platform – FINX. By tapping into