Event to redefine the global financial ecosystem
Saudi Arabia’s position as a major fintech hub took a stride forward when the new three-day 24 Fintech summit and exhibition opened from 3 to 5 September at the Riyadh Front Exhibition & Conference Centre.
Designed to be one of Asia, Europe, and North Africa’s premier annual fintech events, 24 Fintech is hosted by Saudi Arabia’s Financial Sector Development Program (FSDP), the Saudi Central Bank (SAMA), the Capital Market Authority (CMA), and the Insurance Authority (IA).
Co-organised by Fintech Saudi and Tahaluf, a strategic collaborative venture between Informa PLC, the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), and the Events Investment Fund, 24 Fintech will unite regulators, policymakers, investors, technologists, and academics, and provide a platform for global industry stakeholders to shape, foster, and spur collaborative fintech transformation.
Crucial driver
“The Fintech sector is a crucial driver for enhancing and developing the efficiency of financial products and services, aligning with the current technological revolution and serving the Kingdom’s developmental and economic goals,” stated Mohammed ElKuwaiz, Chairman, the Saudi Capital Market Authority.
“The Saudi Central Bank’s (SAMA) participation in co-hosting the 24 Fintech conference underscores its commitment to adopting advanced and innovative solutions, bringing added value to the economy in a manner that encourages competitiveness in Saudi Arabia’s financial market while maintaining the stability and resilience of the financial sector,” said Ayman Al Sayari, Governor, Saudi Central Bank.
Digitalisation
“The summit will be instrumental in driving the digitalisation of insurance, supporting our mission to lead in enabling technology and contributing to the goals of the Kingdom’s Vision 2030,” remarked Abdulaziz AlBoug, Chairman, Insurance Authority.
“Saudi Arabia’s Vision 2030 objectives signify the country’s unwavering commitment to the growth of its fintech infrastructure, and 24 Fintech will be a pivotal platform that will contribute to this economic growth through strategic collaborations and a strong government-backed support system,” commented Annabelle Mander, Senior Vice President, Tahaluf.
