LeanTech SG’s Post

A recent report underscores the remarkable growth trajectory of Qatar's Islamic fintech market. It reveals that the country hosts 24 of the global 417 identified Islamic fintech firms, ranking sixth globally. Moreover, the GIFT index positions Qatar as the eighth most conducive ecosystem for Islamic fintech, demonstrating the nation's commitment to fostering innovation and industry development. #qatar #doha #didyouknow #facts #development #fintech #market

The Arab Monetary Fund (AMF) and Bahrain FinTech Bay (BFB) have signed a memorandum of understanding (MoU) on the sidelines of Dubai Fintech Summit and the AMF Fintech events in Dubai. Under the deal, the two institutions establish a comprehensive framework for collaboration, spanning various critical areas, and how best to leverage their respective comparative advantages to address their shared vision towards building a robust and agile fintech ecosystem and making digital financial services work for financial inclusion and stability across the Arab region.

Exciting developments in the Islamic FinTech sector! Qatar's Islamic FinTech market is projected to grow to $4 billion by 2027, reflecting the increasing integration of Shariah-compliant financial solutions with cutting-edge technology. This growth is not only promising for the Middle East but also aligns with the broader trend of digital transformation in finance. As SECDEX continues to innovate in financial market infrastructure, staying informed about these trends is essential for shaping the future of Islamic and digital finance. Read the full article to explore the key drivers behind this rapid growth and its implications for the global financial landscape. #IslamicFinTech #DigitalTransformation #FinTech #FinancialMarkets #SECDEX #Qatar #InnovationInFinance #IslamicFinance GMEX Group Hirander Misra

I had the pleasure of meeting Suresh Dadlani & Yaamnaa Khan in Cairo this week, discussing business and the future of fintech in Egypt & the Middle East! Looking forward to concluding our discussions in Dubai soon 🌟 #epayment #fintech

The Arab Monetary Fund (AMF) and Bahrain FinTech Bay (BFB) have signed a memorandum of understanding (MoU) on the sidelines of Dubai Fintech Summit and the AMF Fintech events in Dubai. Under the deal, the two institutions establish a comprehensive framework for collaboration, spanning various critical areas, and how best to leverage their respective comparative advantages to address their shared vision towards building a robust and agile fintech ecosystem and making digital financial services work for financial inclusion and stability across the Arab region.

In light of slow global economic growth and increased uncertainty, #banks 💼 need to focus on internal improvements, refining risk management strategies, and bracing for potential emerging threats. 🔍 Additionally, they need to prioritise investments in cutting-edge technologies and careful capital allocation to ensure long-term profitability and adaptability, particularly during challenging times. Here's a glimpse into recent efforts by financial institutions to enhance their resilience: Qatar Central Bank Spendwisor Qaiver Fintech, LLC Mastercard Mihuru Rasan Bitpanda Swypex Network International PayLater Goldman Sachs Standard Chartered PayBy MoMo (M_Service) NEOM NBK Wealth Riyad Bank Janus Henderson Investors SAB SNB Capital Interested in knowing how to cultivate a digitally-ready culture? Visit our website: www.leantech.sg or contact our LeanTech team to learn more: wa.link/99by66

Qatar-based FinTech TESS Payments has made history by securing a strategic foreign direct investment (FDI) from Singapore's Fingular, marking the first investment of its kind in Qatar's FinTech ecosystem. This landmark deal positions TESS Payments as a frontrunner in driving digital financial innovation across the region, further establishing Qatar's status as an emerging global FinTech hub. Fingular's investment not only validates TESS Payments' innovative approach, but also supports the company's goal of building a fully digital, customer-centric neobank. This new venture aims to redefine the banking experience in Qatar and pave the way for the future of digital banking in the region. The partnership is expected to lend more than $600 million to Qatari residents over the next three years, making a significant contribution to the country's economic development. (Image by 1Arabia) #FinTech #Qatar #DigitalBanking #FDI #Neobank #GlobalFinance #FinTechInnovation

Saudi Arabia's fintech scene is buzzing with activity, and it's easy to see why. With government support, a growing tech-savvy population, and a rich financial heritage, the Kingdom has all the ingredients for a fintech boom. What are your experiences with using fintech products and services in Saudi Arabia? #fintech #SaudiArabia #Vision2030 #digitalpayments

How interesting!!! BitOasis featured at the Quatar Economic Forum stresses the importance of balance regulation between innovation and fintech. Authentia.io is all about bringing the Rule of Law on Public Blockchain, sound a lot like the same?!! Provenance - Traceability - Transparency - Law. #BitOasis #Authentia #Regulation #Innovation #Fintech #Provence #Transparency #PublicBlockchain

"The 24 Fintech Conference in Riyadh has commenced, spotlighting Saudi Arabia's booming financial technology sector. With $1.84 billion in venture capital investments and over 6,500 jobs created, the Kingdom's fintech industry continues to thrive, driven by Vision 2030 and technological innovation. Ayman Al-Sayari, Governor of the Saudi Central Bank, highlighted reforms enhancing financial accessibility and transaction efficiency. The conference offers a platform for global leaders and experts to explore future opportunities in Saudi fintech.