24 Fintech Inaugural Summit: Global Finance Leaders and Government Converge

by News Desk 11 months ago Banking&Finance 24 Fintech

Prominent speakers from top Saudi and international financial institutions, such as the Financial Sector Development Program (FSDP), Saudi Central Bank (SAMA), Capital Market Authority (CMA), Insurance Authority (IA), and Fintech Saudi, will present 175 h

As a new era of fintech advancement and adoption unfolds across Saudi Arabia, the inaugural edition of 24 Fintech – the country’s new financial services-focused summit and exhibition – will offer a stage to senior government officials and global leaders in the finance sector. This event will address critical topics impacting the transformation of the Kingdom’s finance industry.

Event Details and Organizers

Taking place from September 3-5 at Riyadh Front Exhibition & Conference Centre, the landmark debut of 24 Fintech aims to solidify Saudi Arabia’s position as a global fintech leader. The event will be hosted by the Financial Sector Development Program (FSDP), Saudi Central Bank (SAMA), Capital Market Authority (CMA), and Insurance Authority (IA). It is co-organized by Fintech Saudi and Tahaluf, a joint venture between Informa PLC, the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), and the Events Investment Fund.

Key Speakers and Attendees

With less than six weeks until the debut event, several high-level speakers are confirmed to discuss trending themes influencing the industry. Notably, H.E Mohammed Al Jadaan, Chairman of the Financial Sector Development Program (FSDP), has been confirmed as a speaker at 24 Fintech. Throughout the three-day summit, attendees will hear from high-ranking government officials, including H.E Mohammed ElKuwaiz, Chairman of the Capital Market Authority; H.E Abdulaziz AlBoug, Chairman of the Insurance Authority; H.E Eng. Naij Al-Faisal Al-Tamimi, CEO of the Insurance Authority; H.E Yazeed Alnafjan, Deputy Governor of Financial Innovation at the Saudi Central Bank; Yazeed AlDemaigi, Deputy of Strategy, Research & International Affairs at the Capital Market Authority; and Nezar AlHaidar, CEO of Fintech Saudi.

Anticipated Participation and Key Topics

The event is expected to attract over 26,000 attendees, 300 exhibitors, and 200 investors. 24 Fintech will feature 175 hours of expert-led content, positioning itself as one of the world’s leading fintech conferences. Key topics include Governance, Risk and Policy, Cybersecurity, Global Interoperability, and Innovation in Payments.

Special Stages and Programming

24 Fintech will feature four stages hosting an array of keynotes, panel discussions, and industry announcements exploring investment opportunities, startups, technology, and academia. The Futures Forum Stage will be a hub for academic and interactive discussions on blue-sky thinking. The Fintech Fusion Stage will converge investment and innovation, providing a platform for founders and investors to share experiences. The 24° Trends Stage will explore the latest trends and technologies reshaping finance.


Networking

The Startup Zone is a dynamic space for networking, pitching sessions, competitions, and demo showcases that will run parallel to the Investor Program. This venue will be crucial for unearthing opportunities and making connections with visionary entrepreneurs.

“Fintech Saudi is thrilled to co-organise 24 Fintech, a pivotal event aimed at cementing Saudi Arabia’s position at the forefront of global financial services discussions. 24 Fintech is an important milestone in advancing the Saudi fintech industry and is consistent with our vision to position the Kingdom as a leading global Fintech hub,” said Nezar Alhaidar, CEO, Fintech Saudi.

Investor Opportunities

As per Annabelle Mander, Senior Vice President of Tahaluf, the fintech sector is a driving force behind Saudi Arabia's non-oil and digital-first economy, contributing roughly 20% of all venture investments made in the Kingdom.

“This growth is propelled by the country’s youthful, tech-savvy population and a very pro-innovation government. With nearly two-thirds of the population under the age of 30, the Kingdom is an ideal location for a week-long celebration of innovation designed to enhance access to financial services, generate sector-wide investment, and showcase the breakthrough products and services primed to upend the sector shortly. We are confident this event will spotlight the future of finance and act as an incubator for fintech entrepreneurs to grow and thrive.”

24 Fintech is strongly associated with Saudi Arabia's Vision 2030, which regards the sector as a vital component in accomplishing economic revolution. Important figures in finance have shown interest in the exhibition and are behind the Vision objectives.

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