Amsterdam, March 19, 2024 – Fynhaus is thrilled to announce its partnership with Investment Bank of Iraq for the transfer information automation solution. Together in collaboration with Turnkey Systems and MDSL, Fynhaus’ LEGATO™ solution will help the acceleration of the digitalization of banking through innovation.
Founded in 1993 in Baghdad, the Investment Bank of Iraq expanded its service reach through 16 branches across the capital and other governorates in Iraq, together with specialized offices for stock trading and foreign currency exchange.
“Our latest collaboration with the Investment Bank of Iraq represents a pivotal advancement in banking practices”, says Karim Sinno, Co-Founder and CTO of Fynhaus. “Through the automation of their transfer processes, we are not just simplifying operations, we are catalyzing a significant transformation towards a more adaptable, efficient, and forward-thinking financial environment”.
Based in the Netherlands, Fynhaus is a banking solution innovator in the fields of regulatory compliance, fraud detection and payment messaging. Fynhaus has been awarded the RegTech100, listing it among the top 100 regulatory compliance software providers worldwide.
“Iraq is experiencing an exceptional growth in the modernization of its financial landscape as it becomes an integral part of the world stage and an essential player in the regional Middle Eastern economy”, says Jalal Haddad, Co-Founder and CMO of Fynhaus. “One of our key strategic goals is to actively contribute to the modernization of the Iraqi financial market, with innovative technologies and strategic partnerships.”
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