Money20/20 Middle East’s Post

Fintech remains a transformative force shaping Saudi Arabia’s diversified economy. The sector’s growth largely hinges on changing customer behavior and government support, in addition to the entry of international companies seeking to capitalize on the growing opportunity presented by the market. Discover why the Kingdom is shaping up to be a leading center for fintech innovations in this article: https://lnkd.in/darmf9QP #AstroLabs #SaudiFintech #SaudiEconomy

Join us at 24 Fintech in Saudi Arabia! Showcase your innovations, connect with industry leaders, and explore new business opportunities. Don’t miss this chance to be part of the future of finance and technology. Contact us to register: +973 3387 9211 | info@globalconnexionsbh.com #24FINTECH #FintechRiyadh24 #SaudiFintech2024 #FintechFutureKSA #FintechRevolutionKSA

In Saudi Arabia, the fintech sector is rapidly evolving, guided by the National Fintech Strategy, which is a cornerstone of the Financial Sector Development Program aimed at fostering global competitiveness through innovation. The FintechSaudi initiative, backed by the Saudi Central Bank and the Capital Market Authority, is pivotal in establishing #KSA as a premier fintech hub by enhancing infrastructure, talent, and encouraging entrepreneurship. A supportive regulatory framework strengths fintech growth, with policies favoring e-wallets, open banking, and sandbox environments, thereby promoting financial inclusion and startup development. This #fintech progress is self assured to go beyond the financial industry, impacting retail, hospitality, real estate, healthcare, transportation, and investment sectors. Aligning with these strategic priorities and forging partnerships within this conducive regulatory and innovative landscape can lead to groundbreaking fintech solutions and offerings to customers. This indeed will change the landscape of Banking within #ksa and the #MEA region. Exciting times ahead! #Fintech #Innovation #SaudiArabia #Partnership #FinancialInclusion

Thanks to initiatives such as Fintech Saudi, there’s been a 20-fold increase in fintech companies and over SR4 billion invested locally. By 2030, the goal is 525 companies and 18,000 jobs. Read the full piece here: https://lnkd.in/drWfKwnR #SovereignGroup #SovereignMENA #SaudiArabia #FintechSaudi #Fintech

Fintech in Saudi Arabia: A Booming Industry 🇸🇦 With a vision to become a regional fintech hub by 2030, Saudi Arabia's fintech sector is experiencing tremendous growth. The number of fintech firms has tripled from 2021 to over 200 in 2024, generating a revenue exceeding $740 million in 2022. This exciting growth is expected to continue, with industry revenue projected to reach $3.5-$4.5 billion by 2025 in the MENA region. Are you excited about the future of Fintech in Saudi Arabia? What Fintech advancements are you most interested in? #Fintech #SaudiArabia #Vision2030 #FinancialInclusion

Exploring the transformative power of FinTech in Saudi Arabia: Vision 2030's ambitious goals set the stage for a dynamic shift towards a 70% non-cash future by 2025, with a target of 525 active FinTech firms by 2030. This evolution is poised to inject 13 billion riyals into the GDP and create 18,000 jobs, heralding a new era of financial innovation and economic growth. For more info, contact us at capabilities@icg.co #InnovationConsultingGroup #SaudiArabia #SaudiVision2030 #FinTechRevolution #Finance #innovation #Tech

With Saudi Arabia being one step ahead of UAE with the adoption of Open Banking, what can we learn from this report about how Saudi Arabia has developed their Open Finance Ecosystem that can be applied here in the UAE moving forward:

Excellent document to get an insight of what all is happening in kingdom of Saudi Arabia. It must recommended read.

Kuwait's Fintech Landscape: A Growing Market Kuwait's fintech sector is growing rapidly. Explore promising startups like Boubyan Bank and Burgan Bank making waves in the financial services industry. #KuwaitTech #Fintech #Investment