World Fintech Show features dynamic collaborations set to influence the direction of fintech in Saudi Arabia. ACN Newswire

World Fintech Show features dynamic collaborations set to influence the direction of fintech in Saudi Arabia.

December 23, 2022
After two thrillingly eventful days, World Fintech Show, Powered by Revival Lab, Fintactics, and Arbah Capitalconcludes after leaving the Saudi fintech industry with a lot to look forward to. This event is widely considered a pivotal turning point for the Saudi Arabian fintech market. Riyadh, Saudi Arabia, Dec 22, 2022 - (ACN Newswire via SEAPRWire.com) - Some of the biggest names and most brilliant minds in the fintech and financial services attended Trescon's World Fintech Show held on the 5th and 6th of December at the InterContinental, Riyadh. The event heavily focused on unleashing the potential of Saudi Arabia's fintech sector. World Fintech Show aided in establishing strategic alliances aimed at transforming the financial services industry for the foreseeable future.The event began with a special speech by Eng. Mansour Alobaid, Chairman Information & Communication Tech Committee, Riyadh Chamber, was then followed by a talk by Mr. Issam Abousleiman, Country Director, World Bank, on fintech in Saudi Arabia.World Fintech Show, which is renowned for its insightful panel discussions, featured discussions on topics like "Open Banking today to Open Finance tomorrow," "Moving towards a cashless society," "Regulatory compliance with FinTech legislation," "Leveraging Big data, AI & Machine Learning across Fintech" and "Tackle real-world industry challenges to build a Fintech start-up with a viable business model." The panel talks were all focused on industry challenges, the financial industry's future, and the influx of innovative financial concepts.World Fintech Show served as a platform for Revival Labs, and Arbah Capital to formalize their alliance and announce the launch of their joint venture, Fintactics Studio.Fintactics will focus on assisting internal businesses and investing in cutting-edge, high-growth fintech ventures throughout the Kingdom, MENA, and the rest of the world. Fintactics is supported by a 150Mn SAR CMA-sanctioned VC fund.The papers were signed between:Saad Almoammar, Chairman, Revival LabAnas Aldowayan, Board Member, Revival LabMohammed Al Maghlouth, Co-founder and CEO, Revival LabHaitham Alsahfy, Co-founder and CEO, FintacticsMahmoud Koohaji, CEO, Arbah CapitalHisham Al Rashed, Board Member, Arbah CapitalFahad Alrajhi, Board Member, Arbah CapitalMahmoud Koohaji, CEO of Arbah Capital, mentioned: "We are now witnessing a notable flow of opportunities with unique quality, and through this cooperation, we are committed to creating a suitable business environment to enhance excellence and growth in the financial sector."According to Mohammed Al Maghlouth, CEO of Revival Lab: "We have worked to provide innovative initiatives for the financial sector in the Kingdom of Saudi Arabia, and we aim to enable the fund to support other regions globally." Partnership Agreement of Fintactics & Aion DigitalAion Digital, a digital banking platform that strives to revitalize banking through customer-centric digital transformations is working with Fintactics to shape the financial landscape of the future. Both companies will jointly develop and expand important digital products in the GCC and MENA thanks to this collaboration. The papers were signed between:Haitham Alsahfy, Co-founder and CEO, FintacticsMohammed Al Maghlouth, Managing Partner, FintacticsAbdulatif Al Rajhi, Chairman, Aion DigitalAshar Nazim, Founder and CEO, Aion DigitalHaitham Alsahfy, CEO of Fintactics Ventures, said: "As a venture builder specialized in fintech, we seek to make Fintactics Ventures the initiator and supporter of rapid growth in the sector on solid foundations creating an attractive environment for competition and entrepreneurship by providing resources and capabilities through cooperation to accelerate the development process in startups, and be among the recent organizations to strengthen the national ecosystem in the field." The signing of Reg-Tech (Lezaam) JV agreement A new joint venture between Fintactics and Aion Digital- Lezaam will offer RegTech-as-a-Service with all features and capabilities required for digital onboarding and eKYC from journey orchestration, compliance, AML screening, and digital forensics.The papers were signed between:Haitham Alsahfy, Co-founder and CEO, FintacticsMohammed Al Maghlouth, Managing Partner FintacticsAbdulatif Al Rajhi, Chairman, Aion DigitalAshar Nazim, Founder and CEO, Aion DigitalPartnership Agreement of Fintactics & Bitfy HoldingsFintactics has invested in Bitfy Holdings, a Brazilian-based venture pioneering "Blockchain as a Service" to offer tokenization of illiquid assets. Fintactics will be able to localize blockchain tokenization and securitization technologies of physical and illiquid assets. This investment was followed by a partnership at World Fintech Show in Saudi Arabia. The papers were signed between:Haitham Alsahfy, Co-founder and CEO, FintacticsMohammed Al Maghlouth, Managing Partner FintacticsLucas Schoch, Founder and CEO, Bitfy HoldingsLaunch of HoloulUtilizing the opportunity of being present at World Fintech Show, the launch of the most recent Fintactics Venture, Holoul was also announced. Holoul is a digital mortgage platform that focuses on facilitating and enhancing homeownership. The numerous market dynamics and political encouragement from ministries were the driving forces behind this. In addition, it's a marketplace where customers can find a variety of luxury home products that suit their demands.The papers were signed between:Haitham Alsahfy, Co-founder and CEO, FintacticsMeshari Albashiri, CTO, FintacticsBasil Al Shamlan, Founder and CEO, Holoul VentureApart from these momentous MoU signings, the event also witnessed an excellent mix of back-to-back panel discussions, keynote speeches, use cases, and exclusive networking opportunities.The second day of the World Fintech Show featured some compelling topics. Mr. Wasif Hasan, Sr. Director Global Trade & Supply Chain, Al Rahji Bank, gave a noteworthy keynote speech that focused on the digitalization of financial services and the expanding Saudi fintech sector. In his presentation, "Banking as a service - A boon for Fintech providers," Mr. Mohammad Nasrullah, Head of Transactional Banking, Arab National Bank, spoke extensively on the $7 trillion opportunity in the financial sector.Speaking on Mapping the fintech landscape in Saudi, Mr. Kholoud Alharbi, Entrepreneur Selection, & Growth and Research Insight Associate, Endeavor talked about how Saudi can achieve the international market benchmark soon.Panel discussions on topics like "Anti-Money Laundering (AML) - Safeguard financial systems & customers," and "Stimulating venture investments with the goal of minimizing financial gaps for startups" offered insightful information on compliance issues that organizations face and how to easily overcome them as well as financial systems that are reshaping the financial market.Startup Grand Slam Pitch CompetitionStartup Grand Slam is a dedicated pitch competition for startups in the fintech space that are either preparing to launch their business, or the ones who are planning expansion. It brought together leading early-stage startups for a live on-stage battle where they get to pitch their ideas to some of the most influential people in the emerging tech space.The winner of the Grand Slam Pitch Competition was Mr. Oleg Kryukovskiy, Co-Founder of Kilde Financial Technologies. Kilde arranges unique private credit deals with consumer finance companies, offering investors a fixed yield of 10-12% per annum."The event opened business opportunities for companies in the fintech space, offering them the opportunity to network with potential customers and partners, as well as to showcase their products and services. It also provided a platform for educational and knowledge sharing sessions, featuring industry experts and thought leaders, as well as a showcase of innovative technologies, products and services. Attendees had the chance to learn about the latest trends and developments in the fintech industry, as well as gain insights on how to successfully launch and scale their businesses," said Mr. Mithun Shetty, CEO, Trescon.Leading global corporations from 10 different countries supported World Fintech Show, and a list of distinguished sponsors, each one backed by a history of excellence collaborated to establish a platform for the future. These include:Powered by: Revival Lab | Arbah Capital | FintacticsAssociation Partners: Fintech Business Weekly & MENA AssociationSilver Partner: Chainalysis, Tap, BureauBronze Partner: LamaaPitch Partner: FinaidDigital Partner: Eye of RiyadhOfficial Event App Partner: CrowdCommsOfficial Media Partner: The Fintech TimesExhibitors: Stay Connected | Al Jabr | Chainup | Expand my business | Finaid | Sapid Blue | Abdulmohsen Alhomaid Law Firm | AirpayStartup Exhibitor: Accurascan| Podyam | Kilde | Off-chain Yield | NowPay | SDLC CorpAbout TresconTrescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base that includes corporations, governments, and individuals. Trescon specializes in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect, and consulting services.For further details about the announcement, please contact:Nupur Aswani Head – Media, PR and Corporate Communications, Trescon +91 9555915156 | media@tresconglobal.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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anb and JCB sign acquiring agreement for local acceptance in the Kingdom of Saudi Arabia ACN Newswire

anb and JCB sign acquiring agreement for local acceptance in the Kingdom of Saudi Arabia

November 24, 2022
RIYADH // TOKYO, Nov 24, 2022 - (ACN Newswire via SEAPRWire.com) - anb and JCB International Co., Ltd., the international operations subsidiary of JCB Co. Ltd., have partnered to launch JCB Card acceptance at all its POS and ATM locations deployed in the Kingdom of Saudi Arabia.JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan, and JCB Cards are used by more than 140 million cardholders and accepted at about 39 million locations globally.As part of supporting the cashless society and financial inclusion that is related to Vision 2030, anb and JCB have partnered to enable the acceptance of JCB Cards. The partnership is a continuation of JCB's plan for entering the Saudi market, a destination of ever-increasing importance for its cardholders around the world for both business and tourism.Mr. Yuichiro Kadowaki, Regional Head - Middle East & Africa CEO, JCB Middle East LLC, said: "Saudi Arabia has always been a very important destination for many of JCB cardholders, from both business and religious perspectives. With the strategic plan for Vision 2030, the country is now increasingly an important destination for tourism as well. anb's extensive reach in the market will ensure that JCB cardholders will be able to use JCB Cards at their convenience. The partnership will also enhance the already close fraternal ties between Saudi Arabia and Japan."Mr. Nizar Altwaijri, Deputy Managing Director of anb, said: "anb's engagement with JCB will enable our payment systems to accept JCB Cards in the kingdom over ATM, POS and eCommerce channels. As Kingdom's economy opens up to welcoming tourists like never before, this strategic agreement will go a long way in supporting the tourism sector, which is one of the pillars of Saudi Vision 2030. This agreement is also in line with the Kingdom's plan to grow the number of options available for digital payments in the economy and will position KSA as one of the leading countries to accept a wide range of international scheme cards as part of its payment eco-system."About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 39 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/About anbAmongst the largest banks in the Middle East, anb headquarters is based in Riyadh, Saudi Arabia with regional offices in Jeddah, Khobar and a network of branches throughout the kingdom, in addition to an international branch in London, United Kingdom.To service a large and varied customer base which exceeds 2 million, the Bank has an extensive distribution network, with 237 premises spanning over the Kingdom.Recognizing the need to serve customers in a convenient and timely manner, the Bank also has around 1,160 ATMs, 290 Corporate Cash Deposit Machines and 36,670 point-of-sale terminals, in addition to advanced mobile banking application and a state-of-the-art, award-winning phone center. For more information, please visit: www.anb.com.sa/ContactsJCBAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jpanbBassel Al ZirkiCorporate CommunicationsTel: +966-11-4029-9000Email: balzirki@anb.com.sa Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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15th Edition of BFSI IT Summit Saudi Arabia Physical Conference on 7th November 2022 ACN Newswire

15th Edition of BFSI IT Summit Saudi Arabia Physical Conference on 7th November 2022

November 1, 2022
Riyadh, Saudi Arabia, November 1, 2022 - (ACN Newswire via SEAPRWire.com) - After successful 14 editions of BFSI IT Summit, Exito is all set to host another milestone event - which serves as an ideal platform to enhance the experience to latest insights in "Re-Imagining the Future of BFSI in KSA". Accelerated digital transformation and fast changing business environments have been playing an important role in re-shaping the BFSI sector in Saudi Arabia. As the sector continues to drive innovation, the IT leaders find themselves looking for new ways to define their digital transformation strategy comprehensively, outgrow competition and stay relevant. With the risk of real challenges but great potential rewards, customer-centric approaches, automation of processes and security concerns continue to be top of mind for the IT leaders from the BFSI sector.The 15th Edition of the BFSI IT Summit: Saudi is an in-person conference bringing together the top IT Leaders from the fraternity. It aims to be a learning and networking platform curated to deep dive into the imminent challenges in BFSI and the best practices to overcome the same. The key focus will be around Automation, Digital Customer Experience, Minimizing Evolving Cyber Security Threats in Enhancing the Customer Journey.The summit is an ideal platform for Technology and Innovation Leaders to Meet, Interact and Gain new insights on the digital transformation and innovations from the Banking and Financial Services Industry. At BFSI IT Summit Saudi, you will hear from top IT experts on strategy, action plans and best practices towards building an agile digital organization.The summit will bring together 150+ IT Leaders, CIO, CTO, VP/ AVP-IT, Director IT, CDO, General Manager IT to discuss the best practices in Cyber Security and engaging in panel discussions, industry keynotes and solution showcases that will enable IT leaders to chart out the optimal strategic path.Advisory board:Sanjeev Nawani- Digital Business Servicesleader for all portfolio companies, Public Investment Fund, Kingdom of Saudi Arabia.Younes AlMogerah- IT & Digitalization Director Zakat, Tax and Customs Authority Kingdom of Saudi Arabia.Ramyan Alramyan- Chief Risk Officer, Saudi Tadawul Group: Securities, Clearing Center Company "Muqassa", Kingdom of Saudi Arabia.Speakers like Sanjeev Nawani- Digital Business Servicesleader for all portfolio companies, Public Investment Fund, Kingdom of Saudi Arabia,Younes AlMogerah- IT & Digitalization Director Zakat, Tax and Customs Authority Kingdom of Saudi Arabia,Ramyan Alramyan- Chief Risk Officer, Saudi Tadawul Group: Securities, Clearing Center Company "Muqassa", Kingdom of Saudi Arabia, Issa Al Hurimmees- Group Chief Retail Risk Officer, Al Rajhi Bank, Osama Bukhari- Head of Banking Commission, The Saudi International Chambers of Commerce, Imran H hashim- IT Infrastructure Director, Medgulf Saudi Arabia, Dr. Ahmed Darwish- Head of Digital Delivery,Bank Albilad among many others will be sharing their experiences and expertise at the Summit. Event registration has commenced for Delegates and Sponsors.The delegates will be exposed to in-depth, trend-forward sessions & workshops - practical takeaways and ideas to keep you ahead in the digitalThe sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.Hundreds of seasoned marketers, strategists, designers, and more to network and connect with. Meet your customers, vendors, expert resources, friends and colleagues on the 7th of NovemberRegister Today to engage at this grand event as the slots are filling up fast.To know more about the event, www.bfsiitsummit/saudi/About ExitoWe are a global B2B business events company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries. We cherish the trust over the last 12 years garnered from our partnering organizations globally, and with a growing team of young, vibrant, and creative individuals, Exito aims at success and perfection! Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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14th Edition of DTS Saudi Arabia Physical Conference on 10th August 2022 ACN Newswire

14th Edition of DTS Saudi Arabia Physical Conference on 10th August 2022

August 2, 2022
Riyadh, Saudi Arabia, Aug 1, 2022 - (ACN Newswire via SEAPRWire.com) - After successful 13 editions of Digital Transformation Summit, Exito (www.exito-e.com) is all set to host another milestone event - which serves as an ideal platform to enhance the experience to latest insights in "Transforming Businesses with Emerging Technologies" will address the importance of the full potential of technology as a driver for every organization to function securely, efficiently and effectively. In the highlight of this 13th Digital Transformation Event will provide a detailed overview of the existing and predicted trends within a ever-changing digital landscape across the Middle East.The Digital Transformation Summit is an ideal platform for IT leaders in Saudi Arabia to meet, interact, gain new insights and discuss various methods to overcome the glaring challenges faced by the digital industry. Through engaging panel discussions, insightful keynotes and immersive networking sessions, the event is sure to incite both thought and action at your organization. At the Digital Transformation Summit, Saudi Arabia?s top IT leaders will share their best practices and case-studies from their transformation journey.The event will be elated with insightful sessions by the qualified speakers hosting a vast experience in the Digital Transformation domain. An exclusive one-day closed door conference hosting 150+ Digital Leaders, CEOs, Mds, CIO, CTO, CISOs,CTO, CDOs, IT Heads etc with keynote presentations, fireside chats, panel discussions and live Q&A sessions from Saudi Arabia?s top Digital Transforamtion leaders as well as enhanced virtual networking experience throughout at the DT Summit Saudi Arabia. Digital Transformation Summit Saudi Arabia will explore and understand extensively the world of digital enterprises, as digital transformation no longer remains a catch-phrase. The focus will be on digitization with effective transformation through business case studies, pertinenet challenges and tailor-made solutions for your business requirements.Speakers like Abdullah AlSalem, IT Director, Ministry of Health Kingdom of Saudi Arabia, Talha Rais Akhtar, Head Vehicle Mobility & Emerging Technology, Abdul Latif Jameel, Mashari AlMussaed, CIO, Olympic and Paralympic Committee Saudi Arabia, Bandar Almutairi, Digital Transformation of Labs Director, King Abdulaziz City For Science and Technology(KACST), Anas Mosa, IT Director, Saudi Aerospace Industries Engineering, Abdulaziz Alkhalif, Dep. CEO, Taib SA, among many others will be sharing their experiences and expertise at the summit.Event registration has commenced for Delegates and Sponsors.- The delegates will be exposed to in-depth, trend-forward sessions & workshops - practical takeaways and ideas to keep you ahead in the digital economy.- The sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.- Hundreds of seasoned marketers, strategists, designers, and more to network and connect with. Meet your customers, vendors, expert resources, friends and colleagues on the 10th of August 2022.Register Today to engage at this grand event as the slots are filling up fast.To know more about the event, https://digitransformationsummit.com/ksa/About ExitoWe are a global B2B business events company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries. We cherish the trust over the last 12 years garnered from our partnering organizations globally, and with a growing team of young, vibrant, and creative individuals, Exito aims at success and perfection! Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Signs MoU Exploring Opportunities in Middle East ACN Newswire

Bintai Kinden Signs MoU Exploring Opportunities in Middle East

July 25, 2022
PETALING JAYA, Malaysia, Jul 25, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad, a building and industrial service engineering specialist, is pleased to announce that the Company's sub-subsidiary, Johnson Medical International Sdn Bhd (JMI), has signed a memorandum of understanding (MoU) with Medical Renewable Care Company (MRC, or under its trade name known as Nouveta) to explore a collaboration providing mechanical and engineering (M&E) solutions and services to the healthcare industry of Saudi Arabia and future expansion in Dubai, United Arab Emirates (UAE).Azri Azerai, Executive Director of Bintai KindenJMI specialises in the design, manufacture and installation of customized hospital support system equipment and provision of nursing home services. Nouveta, which is based in Jeddah, Saudi Arabia, provides healthcare-related products and services to doctors, hospitals and pharmacies.Azri Azerai, Executive Director of Bintai Kinden said, "This MoU gives us the framework to explore in more concrete terms how JMI and Nouveta can collaborate further in Saudi Arabia and the UAE and leverage on the opportunities that can be found in these countries.""As a first step, we are looking to appoint Nouveta as JMI's distributor in Saudi Arabia and secondly, we will study more on the commercial viability of providing M&E solutions and services in Dubai and the rest of the UAE that may encompass a wider market than just hospitals and pharmacies. We look forward to deepening the partnership with Nouveta."Ali Salem Alsubai, General Manager of Nouveta said, "We look forward to a fruitful relationship with JMI and Bintai Kinden. We believe that there are opportunities for us to leverage on and grow together."Bintai Kinden, which recorded a net profit of RM0.91 million in the quarter ended 31 March 2022 (Q4 2022) against a net loss of RM6.59 million in the corresponding Q4 2021, also recently formed a partnership with Marafie Industries Co to supply piping materials to oil and gas related companies in Saudi Arabia as well as securing a series of projects from Petro Flanges & Fittings Sdn Bhd to supply piping materials.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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