Tasawar Ulhaq’s Post

🌟 24 Fintech 2024: Driving Saudi Arabia’s Vision 2030 Forward 🌟 The 24 Fintech 2024 event in Riyadh has underscored Saudi Arabia’s Vision 2030 as a key force behind the country’s rapid technological and economic transformation. Aligned with this vision, the event offered a platform to showcase the kingdom’s vibrant fintech ecosystem. As Annabelle Mander, Senior Vice President at Tahaluf, noted, “Saudi Arabia’s commitment to creating a supportive environment for FinTech growth is truly commendable. 24 Fintech 2024 is a testament to the kingdom’s vision and its dedication to driving forward FinTech.” Attendees experienced four dynamic stages: Executive Summit: Featuring discussions on fintech trends, strategies, and innovations, this stage has been a hub for learning and networking. 24° Trends Stage: Delving into the latest trends and technologies reshaping finance, this stage has offered insights into the evolving market. 24° Futures Forum: Focused on blue-sky thinking, this stage has inspired future fintech leaders with groundbreaking ideas and innovative solutions. Fintech Fusion: Bringing investors and startups together, this stage has provided valuable networking opportunities and insights from industry pioneers. The event highlights Saudi Arabia’s dedication to fintech growth and innovation. 🚀 #24Fintech2024 #Vision2030 #FintechInnovation

The inaugural 24 Fintech event in Riyadh established itself as a major annual gathering aimed to establish Saudi Arabia as a global fintech powerhouse. Hosted by leading institutions including the Financial Sector Development Program (FSDP), Saudi Central Bank (SAMA), Capital Market Authority (CMA), and Insurance Authority (IA), and co-organised by Fintech Saudi and Tahaluf, 24 Fintech featured a diverse range of exhibitions, summits, and satellite events. With over 175 hours of expert-led content, the flagship fintech event attracted over 26,000 attendees, 300 exhibitors, and 200 investors from around the world. Keynote addresses from industry leaders included: Ayman Al Sayari, Governor of Saudi Central Bank, who discussed “The Evolving Landscape of the KSA Financial System and the Role of Fintech.” Philip Bahoshy, founder and CEO of MAGNiTT, who offered insights into the GCC region’s fintech investment landscape. Lukasz Dwulit, Head of Klarna CEE, who explored digital wallets and customer experience innovations. The event showcased how fintech solutions were revolutionising financial services, enhancing customer experiences, and driving greater financial inclusion. 🌍🚀 #24Fintech #FintechInnovation #SaudiVision2030

Major Strides in Fintech: Outcomes of 24 Fintech, Riyadh, KSA. Last week's inaugural 24 Fintech event in Riyadh marked a significant milestone in the fintech landscape of Saudi Arabia and the broader MENA region. Hosted by key Saudi financial authorities and organizations, this event drew over 37,000 attendees, including 10,000 international visitors, and featured 350 speakers from around the globe. Here are my two cents on the transformative 24 Fintech event in Riyadh Innovations Unveiled: We witnessed groundbreaking announcements, such as the partnership between SAMA and Samsung to introduce 'Samsung Pay', and Tabby's strategic acquisition of Tweeq, setting new benchmarks in the region's fintech capabilities. Educational Insights: Sessions covered a spectrum from regulatory frameworks to the latest in sustainable finance. The event not only provided a platform to learn about global fintech dynamics but also offered a deep dive into how financial inclusion is being shaped by these innovations. Below are the key outcomes and their expected impacts: 1. Strategic Partnerships: Noteworthy announcements included SAMA's partnership with Samsung to launch 'Samsung Pay' in KSA, which promises to enhance digital payment infrastructures and boost consumer convenience. 2. Investment Influx: The event witnessed substantial investments, like the SAR 800 million raised by 1957 Ventures, signaling strong investor confidence in the region's fintech prospects. 3. Innovation Drive: With over 350 speakers and numerous startups showcasing cutting-edge technologies, the event highlighted a strong push towards innovation, especially in areas like blockchain and AI-driven financial services. 4. Expansion of Services: Tabby's acquisition of Tweeq is a perfect example of fintechs expanding their service range, aiming to offer more comprehensive solutions to their users. You can pre-register for the 2025 24 Fintech event by visiting their official registration form: https://lnkd.in/d_QUCZVi #24Fintech #Fintech #Innovation #SaudiVision2030 #DigitalTransformation #FinancialInclusion

The MENA region has experienced unprecedented growth in the fintech sector, with revenue forecasted to nearly triple from $1.5bn in 2022 to up to $4.5bn by 2025! According to a McKinsey report, this surge is driven by a strong financial services industry and a positive economic outlook. Here are some key insights on the rapidly evolving fintech landscape: 1️⃣ Saudi Arabia's Fintech Hub: With initiatives like Fintech Saudi and Vision 2030, Saudi Arabia is emerging as a global fintech leader. The sector has seen a 20-fold increase in fintech companies, attracting SAR4bn+ in investments! The goal? To establish 525 fintech firms and create 18,000 jobs by 2030. 💼🇸🇦 2️⃣ Innovation at the Forefront: From AI integration to blockchain and open banking, fintech innovation is revolutionising the region. Industry leaders are embracing new tech to enhance decision-making, customer experiences, and fraud detection. 🤖💻 3️⃣ Empowering Local Talent: Companies like Dyna.Ai and Empeiria are focusing on local expansion, hiring talent, and building partnerships to power the future of financial services in the region. 🚀🤝 4️⃣ Regulatory Support: Saudi Arabia’s supportive regulatory frameworks and digital transformation goals are making it a prime destination for fintech innovation and investment. 📊🛠️ The 24 Fintech event Riyadh brought together top fintech companies, startups, and industry leaders to discuss the future of finance in the region. 🌟 Don’t miss out on the trends shaping the fintech landscape. #24Fintech2024 #FintechSaudi #Innovation #DigitalTransformation #Vision2030 #MENA #FinancialInclusion

Saudi fintech is on the rise as the kingdom looks to lead the next global revolution: As digital transformation sweeps across the Kingdom of Saudi Arabia, the fintech industry has rapidly become one of the fastest-growing sectors in ...

24 Fintech Day 2: Experts highlight Saudi Arabia's unique role in shaping industry's future: RIYADH: On the second day of the 24 Fintech conference in Riyadh, experts and industry leaders took to the stage to discuss Saudi Arabia's growing ...

Future of Fintech Saudi sets out to lead the next fintech revolution - CityAM: Those attending the conference included fintech entrepreneurs and thought leaders working in finance, policy, technology, investment and academia ...

Bahrain has positioned itself as a frontrunner in the Middle East and North Africa (MENA) region's burgeoning fintech landscape. The Central Bank of Bahrain's proactive approach fosters innovation through initiatives like the Regulatory Sandbox, which facilitates a compliant and supportive environment for fintech firms to develop and refine solutions. Recognizing the importance of human capital, Bahrain prioritizes talent development within its regulatory framework. Training programs, hackathons, and competitions nurture a skilled workforce, both locally and globally. This focus on talent fuels the long-term growth and sustainability of Bahrain's fintech ecosystem. Why Bahrain Leads the Charge in MENA Fintech: ◾ Proactive Regulatory Framework: The Central Bank fosters innovation while ensuring compliance. ◾ Open and Collaborative Ecosystem: Collaboration between businesses, educators, and government bodies drives progress. ◾ Focus on Talent Development: Training programs and competitions cultivate a skilled fintech workforce. #Bahrain #Fintech #MENA #Innovation #Regulation #Collaboration #TalentDevelopment #FinancialTechnology #SustainableGrowth #MENAFuture

The partnership between Dubai's DET and Network International is a strategic move to empower SMEs and fintech, central to Dubai’s ambitious D33 Economic Agenda. By enhancing digital payment infrastructure and fostering a supportive ecosystem, they aim to streamline access to financing and innovative solutions. This collaboration not only strengthens Dubai's position as a global business hub but also promotes sustainability and scalability in emerging industries. Ultimately, it underscores the importance of SMEs in driving economic growth and innovation in a rapidly evolving digital landscape. #innovation #fintech #dubaieconomy #smes

Rising consumer spending, massive pools of capital and closer financial ties with the rest of the world is turning Middle Eastern countries like the United Arab Emirates, Qatar, and Saudi Arabia into attractive markets for fintech firms with global ambitions. The Middle East presents the same opportunities that markets like Singapore did about eight years ago, says Michele Ferrario, founder of StashAway, a Singapore-headquartered robo-advisory firm and one of Fortune’s Fintech Innovators Asia. In countries like the UAE, there’s a big pool of people with money, but not a lot of investment options, apart from “not too friendly” banks, he says. “[There’s] low competition and a regulator that’s future friendly,” Ferrario said of the UAE. Read more: https://lnkd.in/e5-bqawp