Open Ecosystem RegTech Konsentus launches into MENA

By Gloria Methri

Open Ecosystem RegTech provider Konsentus has opened its new office in the Kingdom of Saudi Arabia to provide open data infrastructure and technology services to regulators and financial services providers in the MENA region.

The team is led by Konsentus’ Managing Director MENA, Saleh Alhammad, who has been collaborating closely with key stakeholders across the region over the last few years to support the evaluation and introduction of protected open ecosystems.

The successful roll-out of open data exchange in any MENA country is centered around a safe and secure platform incorporating the control and governance of the country’s policy and rules so that data providers and data recipients can seamlessly interact with each other.

The Konsentus Open Trust Platform (OTP) enables any country across the globe to implement safe and secure open ecosystems quickly and easily via end-to-end rules, processes, technology, and tools.

Saleh and his team will be working with regional stakeholders to explore how Konsentus OTP’s ‘designed for purpose’ technology infrastructure, governance, and support services can deliver protected open ecosystems to jurisdictions across the region.

Speaking of the expansion, CEO Mike Woods said, “I am delighted to be expanding into MENA and that Saleh is our Regional Managing Director. There is a wealth of opportunity for Konsentus’ services in the region, and I look forward to us being a part of MENA’s digital transformation journey.”

Saleh Alhammad, Managing Director, MENA added, “The MENA region is moving at pace, and through the delivery of our world-class technology and support services, I look forward to bringing significant success to Konsentus.”