Mubasher: Global fintech company CoorB has launched its operations in Saudi Arabia, Egypt, and the UAE, according to a press release.

CoorB will deploy its cost-efficient solutions to help the three key markets transform into digital economies and boost the digital presence of banks and financial institutions.

The Dubai-based entity aims to accelerate digital transformation, reinforce business growth and efficiency, develop comprehensive digital platforms, and offer advanced solutions for mobile operators in the financial sector. 

In line with its expansion strategy in the MEA region, CoorB will leverage the expertise of its founding partners, which extends over 40 years in the technology and digital financial services sectors.

The fintech has partnered with governmental organizations, banks, non-banking financial institutions, and mobile network operators.

Carole Alsharabati, Chairperson of CoorB's Board, stated: "We are striving to develop sustainable and advanced technology in the Middle East that contributes to economic growth and development throughout the region.”

“This can be achieved by combining the latest and greatest technologies with the next generation's vision for financial services," Alsharabati noted.

Ahmed Gaber, CEO of CoorB, commented: "We understand all the challenges and disparities facing the adoption of technology in businesses. Therefore, we specialise in building impactful digital solutions and modernizing the infrastructure of banks and financial sectors within weeks, without the need to replace their existing technological assets."

Gaber added: "We seek to overcome the limitations of legacy systems and leverage modern technologies such as AI and ML to provide clients with solutions and services that compete with the world's leading technology providers."