The Fintech Times’ Post

According to UnaFinancial's projections, by 2030, the UAE is expected to maintain its leadership in FinTech contributions to GDP per capita, reaching $915.6, reflecting a substantial 44% growth from 2022. Saudi Arabia is anticipated to follow in second place with a remarkable increase of 650%, achieving $561.5. Bahrain is projected to contribute $262.3, solidifying its position in the regional FinTech landscape.

At the 24 FinTech event in Riyadh, it was insightful to hear H.E. Mohammed ElKuwaiz Chairman of the Capital Market Authority, discuss the Capital Market Outlook in the Age of Digitization. He highlighted that algorithmic trading now accounts for 25% of trading activity in Saudi Arabia, underscoring the significant role of digitization in the country’s financial services sector. #24FinTech #CapitalMarket #Digitization #AlgorithmicTrading #FinancialServices #SaudiArabia #ResembleSystems #GenAI

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

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.

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.

Excited to discuss a topic that is so near and dear to my heart in one of the most important vertices that SCCC | Alibaba Cloud focuses on, join us on Thursday September 5th in #24Fintech.

Don’t miss out on #FintechSaudi Hourly Workshops to get an overview of the Saudi Fintech Ecosystem. Book your day and visit us at #24Fintech! https://shorturl.at/keNyw

Delighted to have attended the Summer Sessions 2024 from Fintech Saudi | فنتك السعودية It was a great opportunity to gain valuable exposure to the fintech domain and learn from industry experts about the latest innovations in the field. Feel free to explore the topics discussed during the sessions here: https://shorturl.at/FZKil #Fintech #FintechSaudi #FintechSummerSessions2024

Your one-stop destination for the latest in fintech and finance! 🚀 This week’s edition of #NewswithLeanTech highlights strategic partnerships, innovative expansions, and funding wins reshaping the financial landscape across the MENA region and beyond. From fostering SME growth to enhancing global payment capabilities, here’s what’s making waves: ✨ Tarabut and geidea join forces to explore SME financing solutions in Saudi Arabia, unlocking new opportunities for businesses. 🤝 HSBC launches Global Private Banking in Kuwait, offering bespoke wealth management services under an international investment advisory license. 💳 Ooredoo Fintech partners with PayPal to enable seamless fund transfers and global commerce for Ooredoo Money users in Qatar. 🌏 Zand Bank collaborates with Alibaba Cloud and Ant Digital Technologies to drive AI, blockchain, and payment innovations for UAE clients. 💰 Pemo secures $7M in Pre-Series A funding, led by Shorooq and Augmentum Fintech, to expand into GCC markets, including Saudi Arabia. Dive into these stories for insights into the region’s dynamic financial evolution! 💡 The edition also features the likes of: PayBy BuzzAR(博跃) eNovate Mastercard Bank for International Settlements – BIS Reinsurance Group of America, Incorporated

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