Paris (May 12, 2023) – Leading Project and Portfolio Management (PPM) software provider Sciforma announces that FINTX, the official fintech arm of the Emirates Post Group (EPG), has chosen Sciforma’s platform for project management excellence. This includes IT PPM and EPMO* solutions. The Sciforma platforms will be instrumental in FINTX’ digital transformation, as it moves to be a major force in fintech for the UAE and beyond.
FINTX was launched at the end of 2022 with an initial three EPG financial services companies under its umbrella. The goal is to quickly move beyond traditional financial services to become a tech-driven fintech company and an incubator for fintech innovation. The company will be launching new ventures with compelling product offerings, and building strategic partnerships with established companies and start-ups. Therefore, replacing incumbent, manually-maintained systems of spreadsheets and projects was imperative. The Sciforma platform is now enabling FINTX to rapidly develop the requisite projects and business models that will provide new experiences for customers.
“For FINTX to fully realize our ambitions, we needed a whole new to approach to project management,” said Eyhab Al Hunaiti, Head of Technology and Innovation for FINTX. “New systems were procured as part of our Digital Transformation Strategy to reduce manual processes and drive automation in all our business and IT departments. The Sciforma team displayed vast knowledge of project management methodologies and was able to align our current processes to best practice benchmarks. The Sciforma tools are very collaborative, powerful yet easy-to-use and encompass all the functionalities we require. The look and feel of the tools are intuitive and interactive. All of the customizations we requested were carried out seamlessly.”
“In the face of rapidly changing economic landscapes, financial institutions face fierce competition in accelerating digital transformation,” said Valerie Zeller, Sciforma CMO. “Digital transformation is enabling fintech to rapidly develop new arrays of finely-tailored offerings. However, this in turn puts immense pressure on PMOs and EPMOs to work efficiently, and to ensure alignment with corporate strategy. Sciforma solutions enable both efficient project management and continuity of corporate vision from the executive suite down to those implementing the projects.”
The first FINTX teams to use the Sciforma platform are the Technology and Innovation Team and the Strategy Team. The Sciforma platform is used for: new project requests; tracking project progress and development; easily identifying risks and issues; real-time reporting to management through cockpits and dashboards; and tracking of time and costs spent per project.
Like its peers across other sectors, today’s fintech and financial services firms face relentless demands for ever-higher performance. The Sciforma platform fully supports strategies for digital transformation, empowering all stakeholders with full data transparency.
Sciforma customers span a wide range: from SMEs to divisions of some of the world’s largest and most dynamic companies. To request a demo or information, contact Sciforma.
*EPMO: Enterprise Project Management Office
About Sciforma
Sciforma is one of the leading providers of Portfolio & Project Management (PPM) software, delivering solutions to more than a quarter million users worldwide since 1982. The company offers flexible and easy-to-use multi-platform project management and project portfolio management software solutions. Businesses that have multiple projects from multiple clients (including internal customers) need to be able to prioritize efforts that will bring the best results to the company. The configurable Sciforma PPM solution provides project managers and executives the ability to analyze investments, plan capacity, manage risks, and control expenses better. In 2021, Sciforma acquired One2Team, thereby reinforcing its Strategic Portfolio (SPM) management capabilities. For more information, visit: www.sciforma.com. Follow us on LinkedIn.
Sciforma Contact:
Valerie Zeller | vzeller@sciforma.com
About FINTX
FINTX is the official fintech arm of Emirates Post Group (EPG). Headquartered in Dubai, UAE, FINTX is focused on establishing an enhanced and effective fintech eco-system through transforming its existing financial services companies “Wall Street Exchange” and “Instant Cash”, launching new ventures with compelling product offerings, and building strategic partnerships with established companies and start-ups. Serving over two million customers annually, the company’s vision is to create a fintech eco-system for the UAE and beyond. For more information, visit the company’s website and LinkedIn page.