Blokken
Information Technology & Services - Dubai, Dubai, United Arab Emirates
Blokken Details
There is a real momentum in the treasury and finance technology space. Best of breed Fintech solutions are being created with a tremendous speed.However, most of these Fintech solutions are not available in emerging markets. Local market practices, such as the importance of face-to-face relationships, and the requirement in RFPs to have a local offce or representation, are leading these Fintech solutions to avoid emerging markets.Unfortunately, this means that corporates in these regions are not able to take advantage of these ground-breaking technologies to optimize their financial processes.CFOs and treasurers have a challenging balancing act: How to pursue finance technology optimizations, while still minding risk?Existing treasury management and ERP systems might be outdated and a full replacement would be costly, cumbersome and increases risk. Adding best-of-breed technology on top of the TMS or ERP solution could be a financially attractive option, but the solutions do not have a presence in the region.Blokken has recognized this and has been established to bring the most established and innovative Fintech service providers in cash forecasting, bank connectivity and payments, fraud prevention, supply chain finance, artificial intelligence, machine learning and treasury management to emerging markets with an initial focus on the Middle East.
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