Page 9 - BKN301 PR Report - October 2023

Fintech in MENA: Interview with BKN301 CEO - TECHx Media

ƒnance in the MENA region contributes to the creation of ƒntech solutions that
address the requirements of this sector, strengthening the position of ƒntech in
the region’s ƒnancial landscape.

TECHx: BKN301 plays a signi ƒcant role in the MENA Fintech market. Can
you explain the core business model of BKN301 and how it enables third
parties to o €er ƒnancial services?

BKN301 is a ƒntech business primarily focused on the ‘Banking as a Service’
industry. Our primary goal is to deliver a comprehensive solution that e €ectively
meets the needs of businesses and individuals alike. We o €er ƒnancial services
and solutions to a variety of industries, including ƒnancial institutions, corporate
organisations, telcos, utilities, retailers. We collaborate with local businesses to
deliver white label technological and ƒnancial solutions under our B2B2C and
B2B2B business models.

With a major emphasis on payment innovation, we utilise blockchain and
tokenisation to develop unique solutions and ways to make payment experience
for customers more convenient, faster, and streamlined. We aim to build a world
where ƒnancial services are not only accessible, but also convenient to use,
secure, and customisable to meet the speci ƒc requirements of individuals and
businesses.
TECHx: BKN301 seems to have ambitious expansion plans. Could you
elaborate on the company’s expansion strategy, particularly in terms of
target markets and focus areas?

At BKN301, we prioritise establishing solid and meaningful alliances with local
businesses and groups as a vital component of our company’s strategy. We
remain steadfast in our commitment to designing innovative products and
services that are tailored to satisfy the varied needs and demands of the fast-
growing market, targeting speci ƒc regions such as Middle East, North Africa and
Levant, Caucasus and Stans markets. In addition, we are dedicated to investing
in human capital as a key factor for development and progress. Through such
investments, we are con ƒdent that we will be successful in e ciently meeting the
rising demand for our services while also fostering innovation. Staying at the
vanguard of innovations and trends in the industry is a vital aspect of our strategy
and commitment. We constantly adapt our approach in response to these
markets advancements to ensure that our solutions remain versatile and one step
ahead of the curve. Our overarching objective is to position ourselves as a leading
player in in those regions and the corresponding ƒntech markets, to assist the
industry’s growth with a wide range of ƒnancial services.

TECHx: It’s evident that various industries can bene ƒt from integrating
BKN301’s services. Can you provide examples of the types of industries
that can bene ƒt from your services, and explain how BKN301’s o €erings
add value to their clients?

Our range of solutions are designed with the sole objective of catering to the
ƒnancial needs of individuals and businesses involved across industries. We
provide B2B companies the ability to integrate ƒntech solutions into their
ecosystems, thereby providing added value, enhancing end-user experience, and
promoting monetisation. Additionally, with our Banking-as-a-Service (BaaS)
platform, we take pride in empowering a variety of sectors. On a white-label basis,
our platform o €ers merchant acquiring, card issuance, and digital payments.

Conventional banks and credit unions may utilise our platform to modernise their
o€erings, improve the digital customer experience, and cut down on operational
expenses. They can promptly implement new services, including mobile banking
apps and digital wallets, to sustain their competitiveness in the changing market.
Large businesses and corporations, on the other hand, may leverage our services
to enhance their treasury operations, control sta € expenses, and expedite
payment procedures. Our platform helps them to achieve better visibility and
control over their ƒnancial transactions.

Furthermore, by providing its users with ƒnancial services, such as mobile money
and digital wallets, telecommunications companies (telcos) can diversify their
sources of revenue. Using our platform, utility providers can also streamline bill
payments and provide value-added services to their customers, which may result
in more satis ƒed and devoted customers. Additionally, retailers can incorporate
our payment solutions into their loyalty programs, in-store point-of-sale systems,
and eCommerce platform, to improve shopping experiences and increase sales…

We constantly ensure that our services abide by pertinent ƒnancial regulations
and security requirements to provide added value. Additionally, customers can
reduce operating and development expenses by outsourcing the complexities of
the banking infrastructure. In essence, BKN301 enables a variety of sectors to
remain innovative and competitive in the ever-changing ƒnancial services

https://techxmedia.com/fintech-in-mena-interview-with-bkn301-ceo/ 2/4