Global investment bank Barclays has become the fifth major FI to invest strategically in United Fintech, joining its board and strengthening the fintech ecosystem’s mission to accelerate digital transformation and the secure deployment of AI-powered innovation across financial services. The investment follows similar backing from leading institutions including BNP Paribas, Citi, Danske Bank, and Standard Chartered, all of which have joined the platform within the last two years.
Accelerating Digital Transformation
United Fintech provides an industry-neutral ecosystem of technology solutions for FIs, asset managers, and wealth managers. The company, which has recently completed two acquisitions, aims to streamline the procurement of best-in-class fintech and help clients modernise legacy infrastructure.
Ryan Hayward, head of strategic investments at Barclays, said the bank was excited to partner with United Fintech to accelerate digital transformation across the industry. He explained that the fintech’s approach to scaling proven fintech innovation aligns closely with Barclays’ vision for future-ready financial services.
Expanding the Industry-Neutral Ecosystem
The addition of Barclays reinforces the growing collaboration between global financial institutions and innovative fintech platforms. United Fintech’s offering focuses on accelerating innovation and deploying AI-powered technology securely and efficiently with single-point access.
Christian Frahm, CEO and founder of United Fintech, welcomed Barclays as the fifth global bank investor. He commented that with AI accelerating across financial services, industry-wide collaboration has never been more important. Frahm added that with Barclays now onboard, United Fintech is well on its way to becoming the trusted ecosystem for enabling that collaboration.
Claus Harder, head of group strategy & M&A at Danske Bank, an existing investor, also welcomed the news, stating that the group remains excited about the prospects of United Fintech delivering real innovation through solutions delivered to well-established FIs, built on a trusted governance of delivery. The fintech now operates 11 offices worldwide and employs more than 200 people.
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