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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 29+ 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.
We are grateful to the 10 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.
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. 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.
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’s FusionFabric) 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 fill up the form to learn more of how the CedarIBSI Lab membership can add value to you and your business.
February 2021
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