Media ININ Economy We Trust
Media In / Agencies / Riyadh 30 April 2018
The Saudi Arabian Monetary Agency (SAMA) launched its Fintec Saudi Arabia initiative to support the Kingdom’s financial technology system to become a center for financial technology that embraces a thriving and responsible system that includes banks, investors, companies, universities and state institutions. This is in line with the vision of the Kingdom 2030 in supporting entrepreneurship and enhancing financial services technology.
The Saudi Arabian Monetary Agency (SAMA) aims to promote the small and medium enterprises sector, diversify the local economy and generate jobs. The initiative aims to achieve a number of objectives,
The launch of the first version of the system of financial technologies in the Kingdom and educate individuals and inspire them to develop their knowledge and skills in the field of financial techniques, and support local banks and international financial technology companies and partners to establish various events in the field of financial technology within the Kingdom.
His Excellency the Governor of the Saudi Arabian Monetary Agency, Dr. Ahmed bin Abdulkarim Al-Khulaifi, said that the Kingdom is currently undergoing significant structural developments in the vision of the Kingdom 2030, which aims to be a pioneering model at all levels, including the economic and financial fields through the optimal use of all resources available, The private sector will play an important role in supporting economic and financial objectives and projects. This requires the continuous development of banking and financial services to keep up with development The other economic sectors.
For his part, the Deputy Governor of the Saudi Arabian Monetary Agency, Mr. Abdulaziz bin Saleh Al-Freih said that “Vantec Saudi Arabia” seeks to build on the successes achieved by the financial services sector in the Kingdom to achieve
Three key objectives: To accelerate the growth and development of financial technology in the Kingdom to transform the country into a destination for innovation in this field, to establish a comprehensive understanding of the financial technology in the Kingdom, to support the development of small and medium enterprises specialized in financial technology, Throughout the Kingdom.
He pointed to the need to form a broad understanding of financial technology throughout the Kingdom, to seek to inspire young people in this field, and to ensure that they have the knowledge, experience and confidence to be able to establish companies specializing in financial technology or work and creativity.
In the coming period, Vantec Saudi Arabia will implement a number of workshops and educational and awareness activities targeting university students, investors, companies and banks to introduce the initiative and its contribution.
The initiative aims to make the Kingdom a major destination for financial technology with a set of emerging financial technologies supported by Vantec Saudi Arabia, as well as related parties, and is concerned with the development of local financial technology companies to move to the world.
