Riyadh to Host Inaugural 24 Fintech Conference in September 2024

Riyadh will host the inaugural 24 Fintech conference from September 3 to 5, 2024, at the Riyadh Front Exhibition & Conference Center, as announced by the Saudi Press Agency. The event is organized under the patronage of the Financial Sector Development Program, the Saudi Central Bank (SAMA), the Capital Market Authority, and the Insurance Authority, and is jointly organized by Fintech Saudi and Tahaluf.

Context and Background

The 24 Fintech conference represents a significant milestone in Saudi Arabia’s journey to becoming a global leader in financial technology. As the Kingdom accelerates its economic diversification under Vision 2030, the fintech sector has emerged as a critical driver of innovation and growth. This inaugural edition provides a platform for senior government officials, global leaders, and international companies to address key topics shaping the fintech transformation in Saudi Arabia.

Key Details

The conference will host a select group of speakers, pioneers, and experts in the financial sector to discuss the latest trends and innovations in financial technologies. Nezar Alhaidar, CEO of Fintech Saudi, emphasized that the event aims to consolidate the Kingdom’s position at the forefront of global discussions in financial services. He noted that the conference represents a pivotal step in the development of the fintech sector, aligning with Saudi Vision 2030’s ambition to make the Kingdom a global hub for financial technologies.

Implications and Impact

24 Fintech 2024 is expected to solidify Saudi Arabia’s leading position in the financial sector, highlighting its growing reliance on financial technologies. The event will attract prominent supporters of Vision 2030’s goals, fostering international collaboration and investment. By bringing together global experts and policymakers, the conference will explore key topics such as digital banking, blockchain, and regulatory frameworks, positioning Saudi Arabia as a key player in the global fintech ecosystem.

Vision 2030 Alignment

The 24 Fintech conference directly supports Saudi Vision 2030 by emphasizing the pivotal role of the financial technology sector in achieving economic transformation. By hosting international events and fostering innovation, Saudi Arabia continues to build a diversified, knowledge-based economy that aligns with the Kingdom’s long-term strategic priorities and global engagement.

20 Questions

Q1. What is the 24 Fintech conference?

A1. The 24 Fintech conference is the inaugural edition of a specialized financial technology event hosted in Riyadh from September 3 to 5, 2024, aimed at discussing key trends and innovations in the sector.

Q2. Who is organizing the 24 Fintech conference?

A2. The conference is organized by the Financial Sector Development Program, the Saudi Central Bank (SAMA), the Capital Market Authority, and the Insurance Authority, and jointly organized by Fintech Saudi and Tahaluf.

Q3. Where will the 24 Fintech conference take place?

A3. The conference will be held at the Riyadh Front Exhibition & Conference Center in Riyadh, Saudi Arabia.

Q4. When is the 24 Fintech conference scheduled?

A4. The conference is scheduled from September 3 to 5, 2024.

Q5. What is the main goal of the 24 Fintech conference?

A5. The main goal is to solidify Saudi Arabia’s leading position in the financial sector by relying on financial technologies and fostering global discussions.

Q6. Who will speak at the 24 Fintech conference?

A6. The conference will feature a select group of speakers, pioneers, and experts in the financial sector discussing the latest trends and innovations in financial technologies.

Q7. How does the 24 Fintech conference align with Vision 2030?

A7. The conference aligns with Vision 2030 by emphasizing the pivotal role of the fintech sector in achieving economic transformation and positioning Saudi Arabia as a global hub for financial technologies.

Q8. What is Fintech Saudi?

A8. Fintech Saudi is an initiative that supports the development of the fintech sector in Saudi Arabia, including organizing events like the 24 Fintech conference.

Q9. What is Tahaluf?

A9. Tahaluf is a joint organizer of the 24 Fintech conference, contributing to the event’s planning and execution.

Q10. Why is the 24 Fintech conference important?

A10. The conference is important because it provides a platform for senior government officials and global leaders to address key topics impacting fintech transformation in Saudi Arabia.

Q11. What topics will be discussed at the conference?

A11. Topics include the latest trends and innovations in financial technologies, such as digital banking, blockchain, and regulatory frameworks.

Q12. Who is Nezar Alhaidar?

A12. Nezar Alhaidar is the CEO of Fintech Saudi, who highlighted that the conference consolidates the Kingdom’s position in global financial services discussions.

Q13. How will the conference benefit the Saudi economy?

A13. The conference will attract investment and collaboration, supporting economic diversification and the growth of the fintech sector under Vision 2030.

Q14. Is the 24 Fintech conference open to international participants?

A14. Yes, the conference is open to senior government officials, global leaders, and international companies in the financial sector.

Q15. What role does SAMA play in the conference?

A15. The Saudi Central Bank (SAMA) is a co-organizer, underscoring its commitment to regulatory support for fintech innovation.

Q16. What role does the Capital Market Authority play?

A16. The Capital Market Authority is a co-organizer, supporting the conference to promote financial market innovation.

Q17. What role does the Insurance Authority play?

A17. The Insurance Authority is a co-organizer, contributing to discussions on insurance technology and financial sector development.

Q18. How will the conference position Saudi Arabia globally?

A18. The conference will position Saudi Arabia as a key player in global fintech discussions, reinforcing its leadership in the financial sector.

Q19. What is the Financial Sector Development Program?

A19. The Financial Sector Development Program is a Saudi initiative that supports the growth of the financial sector, including fintech events like 24 Fintech.

Q20. What are the expected outcomes of the conference?

A20. Expected outcomes include enhanced collaboration, knowledge sharing, and strengthened Saudi Arabia’s role as a global fintech hub, aligned with Vision 2030.

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