Gulf Daily News - GDN’s Post

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.

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

It was a pleasure to be part of the action and get to hear Jean's insightful thoughts. Link to full article: https://lnkd.in/dcQYcCe5

Qatar's Islamic Fintech market is poised for significant growth, projected to reach $4bn by 2027, as highlighted in the Global Islamic Fintech (GIFT) Report 2023/24. This annual sector report offers a comprehensive overview of the Islamic fintech landscape, including market sizing across OIC countries, a GIFT Index evaluating conducive environments for Islamic fintech activity in 64 nations, insights from industry practitioners via an industry survey, and the most extensive database of Islamic fintechs globally. #fintech #cxda #sme #finanace

Projected Growth Ahead for Qatar's Islamic Fintech Market! According to the recent Global Islamic Fintech (GIFT) report, Qatar's Islamic Fintech sector is set to reach a substantial QAR 14.6 billion by 2027. Explore the comprehensive findings and seize the expanding opportunities in Qatar's financial landscape. #IslamicFintech #QatarMarketInsights #FinancialTechnology #QatarEconomy Learn more: https://lnkd.in/dFYEz6tg

'What floods' Was the question that came to mind during my recent visit to Dubai! Excited to have participated in the second edition of the Dubai FinTech Summit where industry leaders converged to explore the future of financial technology in one of the world's most dynamic markets. Engaging discussions & innovative solutions shaped the summit, offering insights into the ongoing transformation of the financial services sector and strategies driving the FinTech revolution not just in the GCC but globally. Two themes stood out: the need to make wholesale cross border payments seamless for Financial Institutions & Investments in FinTechs are projected to grow to $949 billion from 2022 - 2030. There was a clear focus on executing live business transactions which is exactly what Partior is doing. #GCC #crossborder #payments #fxpvp #production #fintech

24 Fintech Summit One of the biggest fintech developments currently is the debut of the 24 Fintech Summit in Riyadh, Saudi Arabia, running from September 3-5, 2024. The summit is attracting significant attention with over 26,000 attendees, 300 exhibitors, and 200 investors. It is positioned as a key event driving fintech innovation and bringing together top industry leaders to discuss pressing financial industry issues, such as governance, regulations, and technological transformations impacting financial services. The summit is a major initiative under Saudi Arabia’s Vision 2030 and aims to boost Riyadh’s global status as a fintech hub(Gulf Business). Another important development is the ongoing extension of a comment period by U.S. financial regulatory bodies (OCC, Federal Reserve, FDIC) to gather more insights on bank - fintech arrangements. This extension is meant to explore the distribution of banking products and services through fintech platforms, reflecting a focus on fostering collaboration between banks and fintech firms while ensuring proper oversight(OCC.gov).

#Annual_Fintech_Report23 Fintech Saudi is pleased to present the Annual Fintech Report for 2023, offering an overview of the progress of the fintech industry in Saudi Arabia over the past year. Click the link to access the report: https://shorturl.at/FaN86

Fintech Saudi has released the Saudi Annual Fintech Report providing a comprehensive and detailed overview of the development of the fintech industry in Saudi Arabia. 🇸🇦 The report provides great insights for anyone looking to develop a #fintech solution in KSA 💡 #Annual_Fintech_Report23

Projected Growth Ahead for Qatar's Islamic Fintech Market! According to the recent Global Islamic Fintech (GIFT) report, Qatar's Islamic Fintech sector is set to reach a substantial QAR 14.6 billion by 2027. Explore the comprehensive findings and seize the expanding opportunities in Qatar's financial landscape. #IslamicFintech #QatarMarketInsights #FinancialTechnology #QatarEconomy Learn more: https://lnkd.in/dFYEz6tg