BKN301 brings White-Label BaaS solutions to FinTechs & banks in MENA

By Delisha Fernandes

BKN301 Group, a payment and Banking-as-a-Service provider, has employed ‘White-Label’ Banking-as-a-Service solutions for traditional banks and FinTech companies in MENA.

BKN301 has positioned White-Label solutions as the foundation of its strategy. The BKN301 White-Label solutions bring numerous benefits, such as easy integration through APIs, quicker market entry, cost-effectiveness, brand customisation, and access to cutting-edge financial technology among others. Businesses that make use of these solutions can provide competitive financial services, while maintaining their unique brand identity.

Stiven Muccioli, Founder and CEO of BKN301, said, “As the Fintech landscape in the MENA region undergoes remarkable growth, BKN301 aims to be at the forefront of innovation through our revolutionary White-Label solutions. The flexible and customised solutions we offer are in perfect harmony with the changing demands of companies operating within the financial sector.”

Muccioli added, “With the help of these solutions, we hope to spur innovation and usher into an era where financial services are not just useful, but also intricately woven into society and business. This, combined with regulatory innovation, collaboration within the GCC, government support, and Fintech-friendly policies, can seamlessly create a favourable environment for innovation and growth.”

As per reports, the MENA Fintech market is anticipated to grow at a compound annual growth rate (CAGR) of over 8 per cent from 2024 to 2029. BKN301’s portfolio of solutions will contribute to sustaining this strong growth, highlighting the significant opportunities and demand in the region’s FinTech sector, and emphasising the strategic importance of adopting White-Label solutions.

Since digital channels account for the majority of bank interactions, traditional banks and FinTech firms are actively looking for partners who can customise payment and core banking solutions, while maintaining their current legacy systems in an efficient and economical manner. By collaborating with BKN301, they will be able to grow their clientele, explore new revenue opportunities, and strengthen their standing as trusted solution providers.

BKN301 recognises the critical role that White-Label solutions play in driving growth in the Fintech and retail sectors. In addition to being in compliance with regulatory developments, the company’s advanced White-Label solutions further support the expansion and development of the financial ecosystem in the MENA region.