FinTech Lab
Happy to announce a successful first year of the CedarIBSI FinTech Lab
It was a risk, but it was a calculated risk! The idea of a FinTech Lab germinated somewhere in 2018. Brainstorming with thought leaders and backed by Cedar’s 30+ years in consulting practice with a strong focus on banking and financial services in the Middle East. With 27+ years heritage of IBS Intelligence, our FinTech arm, we knew this vision of setting up a lab in the heart of Dubai, had to become reality.
From concept to reality. FinTech Innovation Lab and its benefits to Banking Technology professionals
One year since its official launch, we are grateful to the 16 lab members from the Banking Technology space that have trusted our vision. The purpose of setting up the lab is to help these suppliers access the booming Middle East Banking Technology opportunity that spend $10 Billion annually, and provide banks & insurance companies an opportunity to test & experience global FinTech products within the region in an innovative lab environment.
Creating a culture of FinTech Innovation with IBS Intelligence
We have successfully organised knowledge sessions and round tables that was attended by Banking Technology companies and banks from the Middle East and Asia regions. Here is the link to the latest round table where CedarIBSI FinTech Lab discussed the need for RegTechs in Middle East. Check out the calendar of our monthly global FinTech knowledge round tables here. Over and above this, there are high impact use cases on a variety of FinTech topics contributed by our lab members from these networking and knowledge events that we would love to share. Reach out to MurtazaS@ibsintelligence.com to learn more of how the CedarIBSI Lab membership can add value to you and your business.
Cohort member benefits include:
Market Access: Provide start-up, emerging, and recognised suppliers an opportunity to access banking opportunities within the region leveraging our 20 year presence and markets connects assisting banks in developing & executing technology transformation.
Virtual Sandbox: The lab will offer a virtual sandbox (powered by Finastra) to banks & suppliers to allow for rapid product showcasing, but more importantly quick POCs supported by our project management capability.
Investor Access: We will leverage its connects with family offices, private investment offices, VC, and PE funds encouraging them to carefully evaluate & potentially invest in FinTech firms seeking capital.
Growth Enablers: Our strategy consulting teams can assist cohort members with regional and global corporate growth strategy leveraging its 30 year expertise in this area.
Lab Facilities: The state-of-the art lab facilities include private cloud, hot seats & conference room facilities, sanitised data sets of bank customer data that can be used in a POC, and range of other standard work space conveniences.
If you are a FinTech company, a bank, or an investor seeking to be a founding cohort member of the CedarIBSI FinTech Lab, please immediately email us at membership@cedaribsilab.com for a full presentation and membership form.
Key Metrics
Roundtable Discussion
Our FinTech Lab Members
Participating Banks
