by Staff Writer
Ten of the world’s freshest and most promising financial technology companies are currently showcasing their ingenious innovations to hundreds of banking executives from the Middle East and North Africa (MENA) region during Meftech 2017.
Meftech is the largest event that convenes the entire financial technology community from across the MENA region. It has brought together more than 8,000 financial industry executives and over 1,000 technology providers to meet, network and do business since its inception.
The delegates currently attending this year’s event are estimated to control 95% of the $13 billion spent on financial technology in the Middle East every year.
The event is taking place at the Abu Dhabi National Exhibition Centre until 14 March 2017.
SA’s Matchi, the strategic fintech partner to Meftech 2017 is a global organization that connects financial institutions with financial technology (Fintech) providers from around the world.
The ten fintech companies offer solutions on everything from biometric user authentication for mobile apps, to tools giving users personalized financial and investment advice.
“We specifically sourced these ten solutions to be showcased at Meftech 2017 as each one is strategically aligned to the current priorities and opportunities for financial institutions in the MENA region,” said David Milligan, CEO at Matchi.
Included amongst the solutions are important themes of Biometrics, RegTech, WealthTech, Artificial Intelligence, Mobility, Blockchain and MarketPlace Lending.
Meftech 2017 is the ideal platform for these companies in the early stages of funding to make connections that could lead to significant investment opportunities.”
10 Fintechs To Watch at Meftech 2017 and beyond!
These include AimBrain, which has developed a multi-modal mobile biometric authentication platform. With many mobile apps plagued by user authentication difficulties, such as long passwords, AimBrain’s platform solves this by providing a biometric authentication layer consisting of behavioral, facial and voice biometrics.
Another two on the watch list are EZMCOM, a developer of a technology that identifies users with their passphrase, voice modulations and facial authentication, with advanced liveness detection features such as movement of lips and blinking of eye, and Crowd Valley, a technology platform that can create, operate and manage online investing or a lending marketplace.
Qumram made their regional debut at Meftech 2017 when showcasing technology that ensures compliance, aids fraud detection and improves customer experience by recording, analysing and replaying every digital interaction – on web, social and mobile.
The Personal Financial Management innovation of Strands is also on display, while White Label Crowdfunding won the delegates over with their online marketplace lending solution that connects credit demand and supply in a transparent and efficient way.
Software company Leveris was also a highlight with their solution that promises to bypass the ‘spaghetti junction’ of IT legacy architecture with a modular banking-as-a-platform (BaaP) solution.
The BlinkID real-time ID scanner by MicroBlink was another star of the show. And making up the impressive list is a platform developed by Agreement Express that allows financial institutions to on-board new clients without requiring paper or ink signatures; and a dynamic Enterprise Planning Platform for Financial Institutions by Inplenion.