Page 19 - BKN301 PR Report - March 2024

BKN301 introduces BaaS Orchestrator platform in MENA Region
The orchestrator solves numerous issues related to digital banking, such as costs, market scalability and migra ons
problems. It minimises up to 50 per cent costs on core banking, card issuing, payments acquiring (online and
offline), cross-border remi ances, bill payments and services top ups. Furthermore, its scalability saves almost 100
per cent of any future migra on costs for core banking and payment processing. It works in different markets with
a mul -core banking pla orm using the same API set and front end.

Mahesh Paolini-Subramanya, CTO at BKN301, said: “At BKN301, we seek to accommodate ongoing development in
both its internal services and external integra ons. Our BKN301 BaaS Orchestrator offers the freedom to choose
which API version to integrate. The pla orm’s dedica on to con nuous evolu on enables it to iterate rapidly and
adapt to the changing demands of the region’s financial market.”

For the new BaaS Orchestrator pla orm, the company coordinates its proprietary BaaS core modules and third-
party system integra ons. These integra on capabili es allow for several financial features to be incorporated into
a business’s products, especially when it comes to legacy core-banking systems of banks.

BKN301 Group offers a confluence of technical innova on, regulatory progress, and government support. The
company is well-posi oned to revolu onise the financial landscape in the MENA region through its commitment to
offering the most effec ve payment solu ons. In Egypt, Damen Cash, powered by BKN301, transformed tradi onal
retail by integra ng digital financial services. This easy-to-use digital wallet made financial transac ons and bill
payments more efficient while fostering financial inclusivity and genera ng a new revenue source.

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