Teknospire: Driving Innovation in the Fintech Landscape

India-based fintech Teknospire is a leading provider of innovative products and solutions. With technological advancement, it continues to serve multiple African and Asian countries. Now, it is expanding its footprint to empower the Oman fintech space under Future Connect Technologies (FCT). This strategic expansion will enable Teknospire to serve its promising clientele across the dynamic Middle East region.

As a testament to its commitment to growth and innovation, Teknospire has recently launched two cutting-edge products: FinRecon and FinStream

• FinRecon: Future Connect Technologies Oman helps businesses simplify and automate their reconciliation processes by leveraging technology with advanced software, AI, intelligent algorithms and real-time tracking. One can import data in real-time, define reconciliation rules, reconcile financial records, and access real-time reports.
• FinStream: Standardizes and streamlines quick bill payment processes, reduces additional costs, controls billing payments and improves overall financial performance. AI-powered OCR technology scans and captures data from physical and digital invoices, receipts, and bills.

These new additions complement Teknospire’s flagship product, FinX, a comprehensive suite of financial technology solutions that cater to the evolving needs of the modern financial landscape. This is also a major step towards the growth of the Oman fintech industry.

FinX encompasses a range of sub-products, including:

• FinXWallet: This module is widely used by customers to make payments, transfer money, and receive funds through their mobile devices. In simple terms, it enhances financial accessibility and supports QR payments, in-app transfers, and digital wallets, enabling linking bank accounts, and adding debit or credit cards.
• FinX Agency Banking: The fintech tool enables access to full banking services for all customers through agent assistance who can monitor the customers’ business health, and offer them services like opening bank accounts, deposit transfers, withdrawals and insurance. This serves as a cost-efficient solution at remote locations where one needs to open new branches or install ATMs.
• FinX Digital Lending: This Oman fintech solution makes the lending process efficient and accessible for individuals and businesses. It equips lenders with the tools to maintain a healthy loan portfolio. Automation, data-driven insights, and proactive measures reduce the administrative burden on lenders while enhancing their ability to manage and monitor loan performance effectively.
• FinX Conversational Banking: This helps financial institutions roll out the ready-to-use service with full support from WhatsApp business account set-up to journey creation. It also streamlines customer engagement by hassle-free banking through WhatsApp.
• FinX Omnichannel Banking: The smart tool unifies the banking experience for customers and empowers banks with personalized interactions, robust analytics, and compliance features. This Oman financial technology enhances customer satisfaction, reduces operational costs through automation, and elevates security standards.

Launched in 2015, Oman fintech Teknospire has come a long way and has touched base in 10 countries with 20 million+ transaction counts (USD) and 6 billion+ transaction values (USD). It has assisted businesses and financial institutions in digitising and automating workflows, streamlining financial operations, and saving costs and time on a large scale. This improved customer experience and helped them achieve milestones in the long run for Middle East fintech services.

The bundle of Oman fintech platforms under Tekinspy Solutions has an active presence in emerging markets. They offer end-to-end technical and business operations support to empower SMEs, corporates, micro-financial institutions and banks for better accessibility, flexibility and security. Financial technology in the Middle East has undergone multiple transformations, driven by factors like digitalization, regulatory changes, and the rise of innovative technologies.

The presence of FCT’s advanced technologies and state-of-the-art solutions is poised to shape the future of the Oman fintech landscape. It is committed to customer success and focuses on delivering cutting-edge solutions. With this fintech expansion in Oman, Teknospire remains at the forefront of innovation in the country and consistently pushes the boundaries of what’s possible.