BKN301 Group is a fintech company that offers a "Banking-as-a-Service" (BaaS) platform and digital e-money model. The company's open banking platform, Essence, enables its corporate customers to manage payment accounts, facilitate international payment methods like SEPA and SWIFT transfers, and handle bookkeeping data. Deployed on Microsoft Azure cloud and integrated with Salt Edge's Open Banking Compliance, Essence allows customers to open accounts and issue cards seamlessly.
BKN301's BaaS platform is designed to revolutionize the banking and payments landscape, particularly in fast-growing markets like Africa, the Middle East, and Eastern Europe. Through its easily integrable solutions, the company empowers various industries, including financial institutions, fintech companies, corporate entities, telcos, utilities, retailers, and web3 businesses, to offer value-added financial services to their clients.
In May 2023, BKN301 went live with Finastra's Essence platform to bring digital and cross-border payments solutions to San Marino and subsequently emerging markets worldwide. This partnership enables BKN301 to reduce time-to-market, adapt to legislative and customer demands swiftly, and pursue new markets in line with its roadmap. The company aims to become a trusted partner for corporates and financial players in San Marino and the MENA countries by leveraging its innovative BaaS payments offering.
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