Riyadh To Host Groundbreaking 24 Fintech Conference In September

Riyadh will host the 24 Fintech Conference, marking the first edition of this international event focused on financial technology. Scheduled from September 3 to 5, it will take place at the Riyadh Front Exhibition & Conference Center. The Financial Sector Development Program, Saudi Central Bank (SAMA), Capital Market Authority, and Insurance Authority are hosting the event.

The conference is organised by Fintech Saudi and Tahaluf, a collaboration between the Saudi Federation for Cybersecurity, Programming and Drones, Informa PLC, and the Events Investment Fund. This event aims to bolster the financial technology community by addressing various specialised topics such as AI, machine learning in financial operations, integrated finance, open banking services development, and green finance.

The 24 Fintech Conference seeks to inspire regulators, policymakers, investors, technology experts, entrepreneurs, and academics to enhance cooperation in the financial technology sector. It aligns with Saudi Arabia's goals under Vision 2030 to develop a thriving entrepreneurship ecosystem and support startups.

A significant feature of the conference is the "FinTech Innovation Center," which provides a platform for startups and investors. This centre will showcase 80 innovative startups and attract more than 200 investors. The initiative aims to foster growth in the financial technology sector within Saudi Arabia and beyond.

The event integrates with Saudi Arabia's broader objectives to become a leading financial technology hub in the Middle East and North Africa region. By supporting startups and encouraging investment, it contributes to the nation's economic diversification efforts.

The conference also aims to review global banking and financial services developments. Topics include AI applications in finance, machine learning advancements, integrated finance solutions, open banking services evolution, and sustainable finance practices.

This gathering of industry leaders is expected to drive innovation and collaboration across various sectors. It provides an opportunity for stakeholders to exchange ideas and explore new technologies that can transform financial services globally.

By hosting this conference, Riyadh underscores its commitment to becoming a central player in the global fintech landscape. The event promises to be a significant milestone in advancing financial technology initiatives within Saudi Arabia.

Overall, the 24 Fintech Conference represents a crucial step towards achieving Saudi Vision 2030's objectives. It highlights Riyadh's ambition to lead in financial technology innovation while supporting economic growth through entrepreneurship and investment.

With inputs from SPA