The Future of Banking in Saudi Arabia and the UAE: FinTech or TechFin
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 and the UAE. 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.