Around the world, open banking adoption is rising steadily, embraced by a growing number of banks and fintech companies providing innovative financial products and tapping into new market segments. As of the end of Q2 2022, global research identified 1,578 banking platforms that are making APIs available, representing an annual growth of 8%.

To identify all the advantages and the challenges this growing industry faces, we have Mo Aziz on the couch, Co-Founder and CEO of Pluto. Pluto is open banking service that is offering a unique Pluto Corporate Card, that is revolutionizing corporate spending.

Mo highlighted importance of not being too disruptive when offering a new technology to SME’s and respecting their ways of doing business.

Join us in this interesting conversation about open banking and learn more about:

• Benefits of Pluto card for SME
• Pluto’s planned expansion in the MENA region
• An overview of the open banking sector in MENA
• Importance of chemistry between the co-founders when starting the new business

Check out Pluto: https://www.plutocard.io/

Timeline:

00:00 – Intro

01:13 – Introducing Mo Aziz

02:01 – Beginning and ending of DAPI

04:21 – Overview of open banking in the MENA region

08:52 – Pluto Corporate Spend

14:07 – Co-founders & Ramp investment

18:32 – Strategy targeting SME’s

24:51 – Dealing with competition

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HOST

Based in Dubai, Arjun is actively engaged with the Fintech & Start-up ecosystem across the MENA Region and beyond - as a passive investor, an advisory board member and as a commentator on the rapidly evolving scene.

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PARTNERS

Couchonomics with Arjun Singh is brought to you by our partners from:

Adyen, a reliable end-to-end payments solution that enables businesses to turn payments into a strategic growth driver: https://www.adyen.com/

LuLu Financial Group, a global financial services provider headquartered in Abu Dhabi and operating in 11 countries: https://www.lulufin.com/

M2P, Asia’s leading payment infrastructure company that enables businesses of any scale to embed financial products: https://m2pfintech.com/

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