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Bankable, the global provider of “Banking as a Service” solutions, and Visa announced a strategic collaboration within the Central and Eastern Europe, Middle East and Africa (CEMEA) region. Bankable aims to work with Visa to accelerate the digital capabilities of financial institutions, build and launch digital banks, reduce cash usage and increase Fintech sponsorship in CEMEA. To accommodate this collaboration, Bankable is opening an office at the Dubai International Financial Center (DIFC), which will be Bankable’s Middle Eastern hub. Bankable’s presence in Dubai will allow the company to engage with the Dubai International Financial Centre, the leading financial centre of the Middle East, Africa and South Asia, comprised of more than 2,000 active registered firms. Bankable will complement and address the already strong fintech ecosystem in the region. The company will look to foster partnerships that enable faster time-to-market and relevant digital banking initiatives.
Eric Mouilleron, CEO and founder of Bankable said, “Bankable has served prestigious global clients headquartered in Dubai for the last three years. Following our global partnership in April 2019 with Visa, Bankable is committed to increase its alignment with Visa. Not only is Dubai home to global head offices and Visa’s CEMEA base, but some of our existing clients in Europe and North America are now looking to expand in the region. We will be able to support our clients directly and Visa’s CEMEA financial institutions members as well as provide European and US access to UAE based organisations.”