Page 21 - BKN301 PR Report - March 2024

BKN301 Launches BaaS Orchestrator to Enable Fintechs and Banks to Extend Services | The Fintech Times
S ven Muccioli, founder and CEO of BKN301,

commented: “Our goal is to build a future in which

financial services are universally accessible. Through

the launch of BKN301 BaaS Orchestrator, we seek to

drive innova on as well as bridge gaps between

conven onal and digital experiences. The pla orm S ven Muccioli,

founder and CEO
aims to help companies extend their services into the
of BKN301

financial domain, improve customer engagement and

create new revenue streams.”

Much of the growth seen in the fintech sector is driven by Gen Z.

According to recent surveys, almost half of respondents in the UAE (51

per cent), Saudi Arabia (48 per cent), and Egypt (43 per cent) use mobile

wallets for daily payments.

The BaaS Orchestrator connects different core banking systems,

payment processors and third-party services. The pla orm uses a

modular design principle to enable organisa ons to choose and

integrate their required features.

The pla orm also offers a developer-friendly API interface to create

personalised banking and payment experiences best suited to the

requirements of fintech companies.

Suppor ng ‘ongoing development’

The orchestrator aims to address a number of issues related to digital

banking, such as costs, market scalability and migra on problems. It

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