Wrap up: Dubai Temenos Fintech Innovation Jam


Middle Eastern mobile payment platform Bridg secures first place.

The event, held in Dubai, saw 10 Fintech companies from the UAE, India, KSA, Egypt, Ghana and the UK compete for a place in the grand final, which will be held in Barcelona from 17-19 May.

Dubai-based company Bridg is the mobile payment platform that allows smartphones to process transactions regardless of connectivity availability and has finished in first place this year.

Bridg works as a standalone product as well as a Software as a Service (SaaS) solution for retailers, enterprises, financial institutions, airlines and NGOs. The platform is processor agnostic and connects to existing processors including gateways, digital wallets and block-chain operators.

Chief executive and co-founder of Bridg, Moussa Beidas stated that the jam provided immense opportunity for start-ups.

“The Temenos presence in the region is playing a pivotal role in the education and advancement of the financial landscape,” he said.

“It offers businesses like Bridg a rare opportunity to showcase and validate our product with the rest of the financial ecosystem.”

Fintech ‘jammers’ had the opportunity to pitch their product ideas and solutions to a range of renowned financial institution and banking executives in a seven minute on-stage demo presentation.