KnowledgeNet triumphs with “Best financial innovation solution” award and signs strategic MoU at Finnovex Middle East 2023

KnowledgeNet, a frontrunner in financial solutions, is elated to announce its recognition at the distinguished Finnovex Middle East event in Dubai this September 2023. The company clinched the esteemed “Best Financial Innovation Solution” award, affirming its stature as an industry pacesetter.

The Finnovex Middle East 2023 event, synonymous with groundbreaking developments in financial services, offered the perfect platform for KnowledgeNet to showcase its innovation in the FSI sector. The company’s platinum sponsorship and enlightening keynote session underscored its dedication to pioneering innovation.

During the summit in the UAE, KnowledgeNet inked a crucial Memorandum of Understanding (MOU) with Maham, a top-tier professional services provider. Maham offers a plethora of superior services encompassing audit and assurance, internal auditing, and financial and managerial advisory. The MOU signifies a forthcoming partnership dedicated to conceiving and originating innovative financial products.  We believe this approach will evolve into a substantial alliance.

Delving deeper into the event, KnowledgeNet’s Director of Solution Consultancy, Yzelle Conrad De Wet, delivered a compelling session named “Open Your Bank like a Cloud Kitchen.”  This illuminating discourse highlighted the concept of ‘Banking as a Service’, wherein large banking institutions enable emerging or smaller Financial Institutions to cater to varied customer segments using existing infrastructure. Essentially, it leverages established frameworks to amplify reach and services.

Post their accolade at Finnovex, KnowledgeNet is poised for exponential growth. The organization envisions a myriad of partnerships in the rapidly growing fintech realm within the region.  One noteworthy initiative was the introduction of their open banking solution in Q1 2023, which has already garnered certification by SAMA in KSA.  This is a glimpse of the forthcoming innovations KnowledgeNet aims to bring to the fintech landscape.