Fiorano is steadily expanding its presence in the UAE and the broader Middle East region by establishing partnerships with numerous organizations, including the renowned GSS Group.
For the past two decades, Fiorano has been a pioneering force in the banking and financial services modernization domain. Now, with the increasing adoption of Open Banking / Open Finance and payments related mandates such as ISO 20022 in the UAE and GCC region, the company is bringing its unique technology and compliance accelerators to the region to support regional compliance and monetization initiatives in both API banking and payments.
“We are proud to be partnering with GSS Group as we expand successful collaborations in the Middle East. With the group’s solid foundations, extensive network, and rich experience in the sector, this collaboration is a perfect match as the UAE and GCC start to embrace Open Banking and ISO 20022 payments standards” said Biju Suresh Babu, Managing Director, Banking & Financial Services, Fiorano
The UAE banking market had taken significant strides in adopting Open API based modernization. Open Finance being one of 9 key priorities announced by the Central Bank of UAE earlier this year, and an area Fiorano has extensive expertise in, across the UK and Europe, this and ISO 20022 are initial priority areas for the collaboration.
“We are delighted to partner with a world class software company such as Fiorano in the Open banking, API lifecycle management and ISO 20022 domains. Together, GSS and Fiorano will help in accelerating the UAE government’s far-reaching vision to revolutionize the banking industry” said Mahmoud AbuEbeid, Co-Owner and CEO, GSS Group.
About GSS Group:
GSS Group is a locally owned software solutions provider headquartered in the UAE. We are a specialized Payment Solutions provider and our solutions power large banks in 9 countries. We deliver cutting-edge technology solutions that empower businesses to transform their payments landscape, optimize their operations and accelerate business growth.
GSS is working with many Banks in the UAE delivering Real Time Payment solutions, Payment Hub and many more Automation and Modernization solutions to Banks at Large complying to Central Bank Regulation and overall business objectives of the bank. GSS recently won the “Best Payments Implementation Provider” award at the MEA Finance Banking Technology Summit for its innovative technology and timely delivery of the CBUAE Real Time Payment Solution and GSS is proud to share that we are the only solution provider to implement an end-to-end solution for the NPSS for Pilot 1 Banks.
GSS has further expanded its horizons with curated partnerships with industry leading software – ranging from Open Banking, ISO 20022 compliance, API Lifecycle management, AML, Digital core banking, Enterprise Fraud management, AI Chat bot and Cyber security. Our aim is to be a single-window provider of all technology solutions for the banking industry in the country and we are aligned with the UAE’s far-reaching vision of digitally transforming all areas of citizen interaction.
Fiorano is a cloud-native event-driven microservices platform that combines integration, low-code, and eiPaaS capabilities to build and deploy global hybrid multi-cloud applications. By making business processes event driven, Fiorano helps enterprises achieve massive scalability, responsiveness, and increased productivity. With Fiorano, companies can respond better in volatile markets and deliver exceptional customer and employee experiences.