Fintech Galaxy launches Open Banking compliance services in the UAE

Fintech Galaxy launches Open Banking compliance services in the UAE

Fintech Galaxy, a regional Open Banking and financial innovation firm, has announced the launch of its FINX Comply services in the United Arab Emirates, marking its full commitment to the country's digital financial sector. The platform is designed to offer fast-to-market, cost-friendly, and robust Open Banking and Open Finance compliance solutions to banks, insurance companies and other financial institutions. Dubai: Fintech Galaxy is licensed by the Central Bank of Bahrain (CBB) to provide Open Banking and Open Finance services. It is certified by Saudi Payments as a Sponsor TPP and is ISO/IEC 27001:2022 and SOC 2 Type 2 compliant for Information and Data Security. The company leverages its robust FINX platform for top-notch security, regulatory compliance, and user-friendly Open Banking capabilities. Fintech Galaxy’s FINX Comply is a cloud-based SaaS solution that offers an Open API Gateway with out-of-the-box compliance with Account Information Service (AIS)/ Payment initiation service (PIS) APIs, Third Party Provider (TPP) management, comprehensive TPP and Bank dashboards, and Consent Management based on regional standards allowing banks and financial institutions to enjoy a fast, secure, and seamless experience when integrating with centralized API platforms offered by Central Banks. The platform offers a comprehensive set of APIs, including AIS and PIS,