The platform will include an online global FinTech marketplace and sandbox platform. It will also accelerate financial services innovation and inclusion by enabling collaboration between financial institutions and FinTech innovators, a statement said.
The Virtusa-led team was selected by the ASEAN Financial Innovation Network (AFIN) to develop and operate the platform. AFIN was founded by International Finance Corporation (IFC), the ASEAN Bankers Association (ABA) and the Monetary Authority of Singapore (MAS).
The global effort led by Virtusa will includes Percipient – a data integration & virtualisation platform and Fidor, a digital banking solution provider. The platform is set to be launched during the Singapore FinTech Festival in Nov 2018.
As the platform aims to improve financial inclusion through FinTech innovation, AFIN sets out to achieve this by connecting banks that need Digital Transformation with FinTechs that have built innovative solutions through the platform.
“Our deep experience in Digital Engineering and extensive financial services domain expertise, coupled with our proprietary Digital Innovation Accelerator will accelerate the APIX platform build out and ensure its market viability,” said chairman and CEO of Virtusa, Kris Canekeratne.
Headquartered in Massachusetts, Virtusa engages its clients to re-imagine their business models and develop strategies to defend and grow their businesses. More details on https://www.virtusa.com.
-- BERNAMA
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