Fintech Galaxy acquires Egypt’s open banking platform Underlie
- Date: 23-Dec-2022
- Source: Wamda
- Sector:Financial Services
- Country:Egypt
Fintech Galaxy acquires Egypt’s open banking platform Underlie
Press release
UAE-based Fintech Galaxy, the first Central Bank-regulated Open Finance platform in the Middle East, announced the acquisition of Underlie, an Egypt-based Open Banking platform offering APIs to banks and businesses. The deal will help to set FTG’s Open Finance and Open Banking wheels in full motion across the region, develop and launch new digital solutions and push financial inclusion forward.
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