Barclays has invested in United Fintech, a London-based FinTech infrastructure and ecosystem for financial institutions, asset managers and wealth managers.

Through the partnership, Barclays joins the United Fintech Board of Directors, adding to the company’s existing shareholder base of investors which currently includes BNP Paribas, Citi, Danske Bank and Standard Chartered.

In a statement, United Fintech said the deal will help expand its international presence, which currently includes 11 offices worldwide and over 200 employees, while accelerating its growth trajectory, including through acquisitions.

The company has made seven acquisitions to date, the most recent of which was in February this year and involved Commercial Banking Applications Cba, a Norway-based company that offers API-based banking solutions for financial institutions.

United FinTech added that these investments have strengthened its capabilities in commercial banking, capital markets and investment management, helping its clients modernise infrastructure, accelerate innovation and securely implement AI-based innovations.

Ryan Haywar, head of strategic investments at Barclays, said the deal will help accelerate digital transformation across the industry.

“United Fintech’s approach to scaling proven fintech innovation aligns closely with our vision for future-ready financial services,” he added.

Christian Fahm, chief executive and founder of United Fintech, said that, with the acceleration of AI in financial services, sector-wide collaborations have become crucial in the industry.

“With Barclays now onboard, we further strengthen our industry-wide adoption, and United Fintech is well on its way to becoming the trusted ecosystem for enabling that collaboration,” he added.

  

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