Emirates Post Group’s fintech arm to launch at Gitex
Emirates Post Group will launch its new fintech arm. FINTX, during GITEX Global 2022. FINTX will own, oversee, and transform the Group’s existing financial services companies that includes Wall Street Exchange Centre and Instant Cash FZE. During GITEX, the new company will showcase to the public its new strategy, services, and ambitions for the future.
FINTX is expected to diversify Emirates Post Group’s portfolio by expanding its footprint within the fintech industry. The new company will focus on building an efficient fintech eco-system as well as provide a suitable setting for the synergy of all types of financial technology services. It will also provide a platform for investors, incumbents, and innovators to collaborate and create the digital financial services of the future, for the UAE and beyond.
Ahmed Mohamed Al Awadi, Managing Director and CEO of FINTX said: “FINTX will act as an incubator for fintech innovation. Through the newly established company, we aim to create a one-of-a-kind fintech eco-system and elevate the diversity and quality of the financial services provided by the existing companies we oversee, and new ventures we create. We intend to leverage our robust customer base and the extensive record of financial expertise spanning decades across our wide local and international network, to drive the success of the company.”
The new company is focused on establishing an enhanced and effective fintech eco-system by transforming its existing financial services companies, in addition to launching new ventures with compelling product offerings and building strategic partnerships with established companies and start-ups.