Page 10 - BKN301 PR Report - March 2024

Press Release

In line with Qatar’s ambitious vision to advance its robust fintech ecosystem

BKN301 unveils cutting-edge BaaS Orchestrator platform to empower

Qatari banks and fintech companies to offer more innovative services

• Information and communications technology (ICT) spending in Qatar is slated to increase at

a CAGR of 9.2 per cent to reach USD 9 billion by 2024.

• Qatar’s USD 200 billion investment program reflects its strong commitment to technology
investment, foreign direct investment (FDI), and attracting international talent.

Doha, March 25, 2024

BKN301 Group, a leading digital payments and Banking-as-a-Service provider in the MENA
region, introduced its cutting-edge BKN301 BaaS Orchestrator solution in Qatar during the

Web Summit Qatar 2024 to assist banks and fintech companies in incorporating financial

features into their existing value propositions.

Like any other GCC country, Qatar is also witnessing rapid economic development and
diversification through initiatives, including the Qatar National Vision 2030. The country

fosters the growth of a robust fintech ecosystem in line with its vision to promote a diversified

economy. BKN301’s cutting-edge BaaS Orchestrator is expected to contribute to this growth
and address the challenges faced by fintech companies and traditional banks in the country in

building and maintaining a robust infrastructure for their financial services.

With an emphasis on customisation, this innovative platform allows companies to tailor

banking and payment experience to fit their requirements. The solution also offers a scalable
solution with flexible APIs for market expansion, improving efficiency by eliminating

significant upfront expenses and shortening time-to-market. With its mature financial services
industry and focus on fintech growth, the financial sector in Qatar is well-positioned to benefit

from BKN301’s cutting-edge platform.