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The Future of Banking in Saudi Arabia: FinTech or TechFin

06 Oct 2019
Saudi Innovation Day

FinTech has been a “hot” sector for quite some time now. Global fintech funding rose to $111.8B in 2018, up 120 percent from $50.8B in 2017, fueled by mega M&A and buyout deals, according to the KPMG Pulse of Fintech report. Over the years, FinTech has made most inroads in the area of payments due to the global penetration of the smartphone. But how can FinTech withstand the challenge from TechFin players such as Amazon, Google, Apple, Facebook, Alibaba, and others?

This panel will discuss the future of FinTech vs. TechFin in Saudi Arabia. They also will explore the role of government and fintech initiatives in driving innovation and creating a cohesive and collaborative environment for growth for both big banks and startups.

Chairperson
Ahmed Abdulwahab, CEO - Next Arabia
Speakers
Nejoud Al Mulaik, Director - Fintech Saudi
Abdulaziz Al Jouf, CEO & Founder - Paytabs
Lutfi Zakhour, Managing Director - Accenture Strategy, Middle East & Turkey

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