United Fintech expands global reach with new office in Dubai’s financial hub
DUBAI: United Fintech has announced the opening of a new office in the Dubai International Financial Centre (DIFC). The expansion, led by Athena, a key partner company within United Fintech, is a strategic response to the strong market demand and highlights the United Arab Emirates’ pivotal role as a nexus for financial technology innovation.
United Fintech, known for its industry-neutral Digital Transformation platform, empowers banks and financial institutions to rapidly integrate a variety of cutting-edge fintech solutions specializing in capital markets. This development is in line with United Fintech’s commitment to fostering digital innovation, delivering transformative solutions, and augmenting the capabilities of financial institutions on a global scale.
Christian Frahm, CEO of United Fintech, expressed his enthusiasm about the expansion: “The DIFC venture represents a key strategic progression for us, enhancing our global footprint and catering to the burgeoning needs of the financial services sector. The positive market response and the vast opportunities it unveils are promising for our continued growth and the enrichment of our ecosystem.”
Rasmus Bagger, CCO of United Fintech, who will oversee the Dubai office, remarked on the potential this move holds: “We are thrilled about the prospects of expanding our client base and team in the region. Our goal is to play a pivotal role in bridging financial institutions with state-of-the-art technology providers through our unified platform.”
The company’s early achievements in the UAE are indicative of potential future growth. Athena, renowned for its top-tier OMS/PMS solutions, has already gained significant momentum in the region.
Raj Rathor, Head of EMEA Sales at Athena, commented on the impact of this expansion: “Setting up in the DIFC considerably widens Athena’s scope, allowing us to amplify our services and drive technological transformation for asset managers and hedge funds in the Middle East. Offering a cloud-native solution that ensures data sovereignty within the state is revolutionary. Our growing presence in the GCC underscores our dedication to the local buy-side community and marks a strategic milestone for United Fintech.”
Established in 2020, United Fintech now boasts a workforce of over 160 professionals across eight countries, including the UK, Denmark, Spain, and the USA. Its platform offers access to a comprehensive suite of products from five innovative capital market software firms: Athena, CobaltFX, FairXchange, Netdania, and TTMzero, further cementing its position as a leader in digital transformation.
Citi and BNP Paribas invest in United Fintech, a neutral platform for fintech innovation
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