Snbla’s Post

With only a day to go until our next visit to #Riyadh for #SeamlessKSA, our latest blog zooms in on how technology is driving financial inclusion in Saudi Arabia, aligning with the ambitious goals of Vision 2030. The vision itself is a bold blueprint for transformation, with the financial sector playing a crucial role and fintech emerging as a key catalyst, driving innovation and empowering individuals. Key takeaways: 🔹 Regulatory Support: The Kingdom's commitment to fostering a supportive environment for fintech innovation is evident. 🔹 Focus on Wealth Management: Fintech is driving advancements in wealth management accessibility and personalisation. 🔹 Democratisation of Finance: Efforts are underway to make investment opportunities more accessible to a wider audience. 🔹 Sustainable Finance: The importance of sustainable finance and technology in addressing climate change is gaining momentum. At Velexa, we're proud to be able to contribute to this transformative journey by equipping financial services providers with the right technology allowing them to service next generation investors. Read the blog 👇 https://lnkd.in/dEnjNNMt #SaudiArabia #Vision2030 #Fintech #WealthManagement #FinancialInclusion

#Innovation is in our DNA — it's what we take pride in! We are excited to embark on the partnership with leading global asset management firm Schroders to break down barriers and expand wealth management options tailored for MSMEs, especially small and growing businesses. The partnership with Schroders marks a significant milestone as our first collaboration with a global partner. With over 30% of our customers being Foreign Business Owners (FBOs) from 78 nationalities, operating businesses incorporated in Singapore, while 69% being micro businesses, our goal is to make financial services accessible and inclusive to a diverse global community of MSMEs and help business owners seize opportunities for growth. Whether it’s through secure #API integration for seamless banking experience, or capacity-building initiatives to promote #financialliteracy, this partnership reflects our commitment to driving continuous innovation. Together with Schroders, we are empowering small businesses to unlock growth with confidence, flexibility, and the right financial tools. Keen to catch up on other exciting developments at ANEXT Bank? We will be at the Singapore FinTech Festival 2024 from 6-8 November at Booth C201, Hall 2, Expo, do drop by and see how ANEXT Bank is reimaging financial services for #financialinclusion. #Partnerships #SFF2024 #DigitalBanking #BringingAboutWhatsNext #SMEBanking #Investments #ANEXTBank

The #UK #FinTech #Impact Report 2024- Key insights from Innovate Finance Accenture and Vested Impact ✅ FinTechs are having a positive impact on the world: Over 90% of the UK FinTech sector is having a net positive impact on the United Nations #SDGs ✅ #Economic powerhouses: A remarkable 98% of UK FinTechs significantly boost #economic #productivity and #growth. They create #jobs, provide essential services to enterprises, enhance access to #financialservices and drive #productivity. ✅ #Inclusive and empowered financial services: 39% of UK FinTechs help reduce #financial #inequality by expanding access to safer financial services for underserved communities and improving #financialliteracy. ✅ The role of UK FinTechs in a global financial ecosystem is increasing in the context of global crisis: The role of UK FinTechs in facilitating #remittances to other countries one of the areas with the highest overall positive impact. ✅ Working to reduce financial crime: UK FinTechs are significant positive contributors to #financialsecurity and #regulatory #compliance. As the digital landscape evolves, FinTechs have seen a decline in their positive impact on addressing #moneylaundering and #illicitmoney flows. ✅ UK FinTech has a critical role for our environment: Financial services play a critical role in achieving #environmental #sustainability, and FinTechs that facilitate sustainable finance flows are among the most impactful. However, overall FinTech is having a negative impact on the #planet, increasing primarily due to the rapid widespread adoption of energy-intensive technologies #Productivity #people #planet #job #Economicgrowth #Finserv #Banking #Financialinclusion #Regulation #RegTech #Digital #Fraud #Sustainablefinance Mike Flache Francesco Burelli Tony Moroney Panagiotis Kriaris Dr. Martha Boeckenfeld Prof. Dr. Ingrid Vasiliu-Feltes Spiros Margaris Alex Jimenez Nicolas Babin Nicolas Pinto Amitav Bhattacharjee Sam Boboev Prasanna Lohar Arjun Vir Singh Jason Mikula Monica Jasuja Enrico Molinari Dr. Khulood Almani🇸🇦 د.خلود المانع Sally Eaves Jean-Baptiste Lefevre Segundo Ramos Dan Feaheny Martin Moeller Helen Yu Dr. Debashis Dutta https://lnkd.in/gXgEBQJT

Overcoming Fintech Challenges in Saudi Arabia: Let’s Shape the Future Together Fintech lending in Saudi Arabia is revolutionizing SME financing—driving innovation, empowering entrepreneurs, and aligning with Vision 2030. But let’s be real: challenges like technical integration and poor user experiences are slowing progress and impacting customer trust. Did you know? Seamless integration with banks, credit bureaus, and regulators can cut loan processing times from days to just minutes. That’s the power of APIs! But without standardized frameworks and user-friendly platforms, this potential remains underutilized. What’s the Solution? Saudi Arabia is already making bold strides toward building a world-class fintech ecosystem. By focusing on smarter integrations, better user interfaces, and stronger partnerships, we can unlock massive potential for SME growth and financial inclusion. Your Thoughts Matter! What do you think is the biggest challenge facing fintech in Saudi Arabia today? And what role should fintech play in reshaping SME financing? Drop your insights in the comments below and let’s spark a conversation. Together, we can create smarter, faster, and more connected solutions for the future. The time for innovation is NOW! #FintechSaudi #Vision2030 #SMEFunding #DigitalTransformation #FintechInnovation #SaudiEntrepreneurs #TechIntegration

UK FinTechs are driving growth while tackling social issues. This session with Kimberley Abbott, CEO, Vested Impact, Luuk Visschedijk, Global Head of Partnerships, YouLend, Tasneem Mayet, CCBI, Senior Manager, FS Sustainability, Accenture explores the industry’s impact with the launch of the second edition of the FinTech Impact Report📊 The second edition reinforces the UK FinTech sector's pivotal role in driving economic growth, promoting financial inclusion, and fostering sustainable development. Key findings include: ✅ 98% of UK FinTechs contribute positively to productivity ✅ 39% of FinTechs are tackling inequality by improving financial inclusion ✅ 26% are supporting data privacy and security for better customer trust 💬 Tulip Siddiq MP, Economic Secretary to the Treasury: "The UK FinTech sector is a powerful engine for economic growth. I want to work with the sector to unleash its potential—driving innovation, boosting investment, and supporting financial inclusion." As the world’s leading FinTech hub outside of the US, the UK continues to push the boundaries of what’s possible in finance. Download the report to learn how our FinTech community is shaping the future for the better👉ttps://https://lnkd.in/e69qFWWX Read the press release👉https://hubs.ly/Q02SVPVd0 #VoiceOfFinTech #InnovationDrivingGrowth #FinTechForGood

Proud to witness the Fintech Revolution in Saudi Arabia at Fintech 24! Thrilled to share insights from my recent visit to Fintech 24 showcased the Kingdom's dedication to innovation and Vision 2030. - Rapid Growth: Fintech 24's scale mirrors Saudi Arabia's booming fintech sector. - Innovation Hub: The Kingdom emerges as a global fintech hub, attracting talent and investments. - Client Success: Witnessed clients' groundbreaking solutions, supported by our legal services. - Regulatory Framework: Progressive regulations foster fintech growth and consumer protection. - Vision 2030 Impact: Fintech 24 embodies the Vision's economic transformation and tech adoption. AlDhabaan & Partners & Partners, in association with Eversheds Sutherland SA Sutherland, are dedicated to providing tailored legal solutions for the fintech ecosystem. Our expertise in tech and finance aids in navigating regulatory complexities and empowering innovators. Fintech 24's success underscores the promising future of Saudi Arabia's fintech sector. Excited to contribute to this journey and continue supporting fintech pioneers. #Fintech24 #SaudiArabia #Vision2030 #FintechLaw #Innovation

Often when we talk Fintech we index on $ - funds raised, growth stats etc- but not always the harder to quantify impact on society. So I'm really proud of this report we've developed with Vested Impact / IF, that sizes the sector's impact on people, using the UN Sustainable Development Goals as a framework. Read it here (https://lnkd.in/e69qFWWX). FinTech Innovation Lab London

At BKL, we specialize in advising fintech clients as well as paving our way as a certified B Corporation. How do these two align? Fintechs are inherently purpose-driven businesses, designed to improve lives. This approach fosters loyalty from both clients and employees. We at BKL recognize this potential and the importance of maintaining a balanced focus on purpose and profit as we grow. #finpod #purpose #scaleup

Exciting news for the fintech industry! {The collaboration between TarabutGateway and Geidea to enhance SME financing solutions in Saudi Arabia showcases the growing potential of open banking platforms in the MENA region.}{This partnership is set to revolutionize access to funding for small businesses, driving economic growth and innovation in the Saudi market.} Here's my prediction: {This strategic alliance will set a new standard for fintech partnerships, inspiring other players in the industry to follow suit and explore similar collaborations to address financial inclusion challenges in emerging markets.} In a rapidly evolving fintech landscape, initiatives like this play a crucial role in driving financial innovation and expanding access to capital for SMEs. Leveraging open banking platforms and payment gateways is a smart move to catalyze economic development and empower small businesses in Saudi Arabia. Let's keep an eye on how this collaboration unfolds and the impact it will have on the SME financing ecosystem in the region. The fintech industry is on the brink of transformative changes, and partnerships like this are leading the way towards a more inclusive and digitized financial landscape. To learn more about the evolving fintech ecosystem and innovative payment gateway solutions, check out The Fintech Times article: [Tarabut Collaborates With Geidea to Improve Access to Financing for SMEs in Saudi Arabia](https://lnkd.in/da9R6SdH). Feel free to reach out to my telegram @poeticvoice for further discussions on the latest trends in fintech. #fintech #openbanking #SMEfinancing #paymentgateways #innovation

🚀 Inspiring results on the recent UK FinTech Impact Report 2024! From boosting productivity to driving financial inclusion, UK FinTechs are transforming the economy and society. Yet, only 10% significantly contribute to sustainability—an area for growth. As we collaborate with forward-thinking companies, let’s ensure we continue to lead in innovation and sustainable impact. #FinTechImpact #Sustainability #UKFinTech #Innovation