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Friday, June 9, 2023

Mena’s fintech leadership ‘committee’ launched

Investopia unveiled a key outcome of its annual conference, the launch of ‘The Council’, the first exclusive gathering of the Middle East and North Africa (Mena) region’s most influential fintech leaders and experts.

The Mena Fintech Association announced the formation of its council during Investopia 2023 in Abu Dhabi on March 2-3, 2023, emphasizing that the platform fosters collaboration and exchange of ideas among Mena Fintech leaders The importance of sharing their insights and collaborating on initiatives that will shape the future of the industry, with strong participation from countries and financial companies leading the fintech space in the MENA region.

Nameer Khan, Chairman of the Mena Fintech Association, said: “We are delighted to launch this committee during Investopia 2023 and bring together the most influential fintech leaders and experts from the Mena region.”

Key role

“The fintech industry plays a key role in driving economic growth and shaping the region’s economic future, and the Council provides a platform for industry leaders to collaborate and move the industry forward.”

Abdullah Ahmad Al Saleh, Undersecretary of the Ministry of Economy, said: “We are delighted to see the Mena Fintech Association launching a council in the UAE during Investopia 2023, a gathering of fintech leaders and experts from the Mena region, the highest Destination for financial and digital technology companies.”

The Council’s agenda focuses on topics ranging from economic diversification and inflation to emerging risks, scenarios, regulations and climate change. The “committee” will meet quarterly, with invitations limited to executives and founders from the fintech industry.

financial technology

Fintech is one of Investopia’s main target industries and its vision revolves around investing in new economic sectors. The annual Investopia Conference 2023 hosts a session on the ‘Fintech Revolution’ where fintech leaders discuss the UAE’s role in fintech innovation and the use of cryptocurrencies and the potential benefits of blockchain technology existence to revolutionize financial infrastructure centers.

Experts also spoke of the UAE’s long-standing pioneering role in fintech, revolutionizing the banking sector through several programs including the Abu Dhabi development accelerator program ‘Ghadan 21’.

The UAE leads the MENA fintech market, reaching an all-time high of US$2.5 billion in 2022. Global research firm “Mordor Intelligence” said in a report that “in terms of innovation, market size and growth potential, the country ranks as one of the financial technology hubs around the world.”

focus topic

The theme of Investopia Conference 2023 is “Envisioning Opportunities in an Era of Change” with three sub-themes: Envisioning Opportunities in Today’s Economy, The Future of National Wealth, and Growth Opportunities in an Era of Decarbonization.

This year’s conference included 35 sessions and roundtables, bringing together more than 2,000 participants including investors, government officials, thought leaders and entrepreneurs from more than 40 countries. —— trade arab news agency

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