Saudi Arabia has seen robust development in the FinTech industry during the 2020/2021 period, the sector has matured rapidly and the number of FinTech companies operating in the kingdom have risen by 37%, with an investment exceeding SAR 1.3bn (USD 347m). According to Fintech Saudi’s National Fintech Adoption Survey, Fintech transaction values have jumped by more than 18 percent between 2017 and 2019 year-on-year, reaching over $20 billion in 2019 and expected to surpass $33 billion in 2023.
The need for digitization and wide spread technology implementation across financial services has become imperative as the country emerges from the challenges of a Global pandemic, and this has directly influenced the growth of the FinTech industry in the Kingdom. For the Kingdom of Saudi Arabia, developing a digital economy, and enabling financial intermediaries to support a growing private sector though financial inclusion has been central to their Vision 2030 initiative as included in the financial sector development program (FSDP).
The exclusive hybrid Saudi Future of FinTech, will pave the way for disruption in the financial technology space in the region & unravel the potential of transforming financial services, which will eventually shape business models, enterprises, customer experience and herald a strong digital economy.
Chief Business Ofﬁcer
Head of Digital Technology
Banque Saudi Fransi
Group Chief Product Officer
Mena Fintech Association UAE
Founder & CEO
Fintech Galaxy UAE
Executive Board Member
Capital Markets Authority
Head of Fintech & Innovation
Central Bank of Egypt
Head of Fintech and startup partnerships
Societe Arabe Internationale de Banque (saib)
Global Head Special Engagements - CISO - TPSR , Fintech , Ventures and Partnerships Standard Chartered Bank
CEO & Founder