United Fintech expands global presence into UAE with new office in DIFC
13 May 2024 - 4:33PM
Business Wire
United Fintech is increasing its global presence with
the opening of a new office in the Dubai International Financial
Centre (DIFC). This strategic expansion into the UAE, spearheaded
by Athena, one of United Fintech's partner companies,
is a response to robust market demand and underscores the UAE's
critical role as a hub for financial technology.
United Fintech is an industry-neutral Digital Transformation
platform which enables banks and Financial Institutions to
accelerate access to a range of innovative fintechs specialising in
capital markets. This latest development from United Fintech builds
on its mission to drive digital innovation, offer transformative
solutions and enhance the capabilities of Financial Institutions
worldwide.
“Expanding into the DIFC marks a strategic advancement for
United Fintech, broadening the global footprint of our
industry-neutral Digital Transformation platform and meeting the
growing demands of the financial services industry. We are
encouraged by the enthusiastic market reception and the substantial
opportunities this presents for our growth and the enhancement of
our ecosystem,” says Christian Frahm, CEO, United Fintech.
Rasmus Bagger, CCO, United Fintech, will have overall
responsibility for the Dubai office. He comments, “This is a
significant opportunity for United Fintech and we are excited about
growing our client base and team in the region and playing a major
role in connecting Financial Institutions with cutting-edge
technology providers, all under a single platform.”
Early successes signal future growth
As United Fintech sets roots in the UAE, it is already seeing
significant interest in its innovative offerings from across the
region. Athena, part of United Fintech, well-known for its
world-class, full front-to-back OMS/PMS solution, has experienced
substantial traction.
“United Fintech’s establishment in the DIFC is significantly
broadening Athena’s horizons, enhancing our ability to extend our
services to drive technical transformation and enhance the
operating models of asset managers and hedge funds in the region.
The ability for the buy-side to have a truly cloud-native solution
that can keep clients’ data within the state is a game changer.
Growing our footprint throughout the GCC represents our commitment
to the region’s buy-side community, our GCC clients and acts as a
strategic milestone for the entire United Fintech group,” say Raj
Rathor, Head of EMEA Sales at Athena.
Founded in 2020, United Fintech employs over 160 people in eight
countries, including the UK, Denmark, Spain and the USA. Its
industry-neutral Digital Transformation platform provides access to
an extensive range of products from five innovative capital markets
software companies: Athena, CobaltFX, FairXchange, Netdania and
TTMzero.
For further information, visit www.unitedfintech.com
About United Fintech · Founded in 2020, United Fintech is
an industry-neutral Digital Transformation platform where global
Financial Institutions and cutting-edge technology providers come
together to unleash their full potential and enable the future of
finance. United Fintech remains on the frontier of innovation by
acquiring engineering-led fintechs within Capital Markets,
Wholesale Banking, and Wealth Management under a central umbrella
and in just four years, the company has acquired five fintechs and
is on track to acquire many more. In 2024, United Fintech received
investments from BNP Paribas, Citi, and Danske Bank. Read more at
www.unitedfintech.com
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