The second edition of the AMAD Fintech Hackathon, organized by Tuwaiq Academy and Alinma Bank, has been officially recognized by Guinness World Records as the world’s largest fintech hackathon. The event, held in Riyadh on July 19, 2026, attracted over 6,000 participants from more than 2,800 teams across Saudi Arabia, both in person and online.
Context and Background
The AMAD Fintech Hackathon was first launched in 2025, setting a Guinness World Record as the largest hackathon held in Riyadh. Building on this success, the 2026 edition expanded its scope to focus specifically on fintech innovation, further solidifying Saudi Arabia’s position as a hub for technological advancement and financial innovation.
Key Details
The 2026 AMAD Fintech Hackathon saw participants collaborating on cutting-edge solutions in financial technology, including blockchain, digital payments, and AI-driven financial services. The event provided a platform for innovators to showcase their ideas, network with industry leaders, and contribute to the Kingdom’s growing fintech ecosystem.
Implications and Impact
The record-breaking event underscores Saudi Arabia’s commitment to fostering innovation and entrepreneurship in the fintech sector. By bringing together thousands of participants, the hackathon not only promotes technological development but also aligns with the Kingdom’s broader economic diversification goals under Vision 2030.
Vision 2030 Alignment
The AMAD Fintech Hackathon exemplifies Saudi Arabia’s efforts to position itself as a global leader in fintech innovation. By investing in events like this, the Kingdom is advancing its Vision 2030 objectives to create a diversified, knowledge-based economy and empower its youth to drive technological progress.
20 Questions
Q1. What is the AMAD Fintech Hackathon?
A1. The AMAD Fintech Hackathon is an annual event focused on fostering innovation in financial technology, organized by Tuwaiq Academy and Alinma Bank.
Q2. When was the second edition held?
A2. The second edition was held on July 19, 2026, in Riyadh, Saudi Arabia.
Q3. How many participants attended the 2026 hackathon?
A3. Over 6,000 participants from more than 2,800 teams attended the event.
Q4. What record did the 2026 hackathon set?
A4. It set a Guinness World Record as the world’s largest fintech hackathon.
Q5. Who organized the AMAD Fintech Hackathon?
A5. The event was organized by Tuwaiq Academy and Alinma Bank.
Q6. What was the focus of the 2026 hackathon?
A6. The focus was on fintech innovation, including blockchain, digital payments, and AI-driven financial services.
Q7. Where was the hackathon held?
A7. The hackathon was held in Riyadh, Saudi Arabia.
Q8. What was the significance of the inaugural edition?
A8. The inaugural edition in 2025 set a Guinness World Record as the largest hackathon held in Riyadh.
Q9. How does the hackathon support Saudi Arabia’s Vision 2030?
A9. It aligns with Vision 2030 by promoting technological innovation, economic diversification, and youth empowerment.
Q10. What industries benefited from the hackathon?
A10. The financial technology industry benefited the most, with advancements in blockchain, digital payments, and AI.
Q11. What is Tuwaiq Academy?
A11. Tuwaiq Academy is a Saudi organization focused on developing tech talent and fostering innovation.
Q12. What is Alinma Bank’s role in the hackathon?
A12. Alinma Bank co-organized the event, supporting fintech innovation and collaboration.
Q13. How does the hackathon promote entrepreneurship?
A13. It provides a platform for innovators to showcase ideas, network, and develop solutions.
Q14. What technologies were highlighted at the event?
A14. Blockchain, digital payments, and AI-driven financial services were key technologies.
Q15. How does the hackathon contribute to Saudi Arabia’s global role?
A15. It positions the Kingdom as a leader in fintech innovation and technological advancement.
Q16. What is the long-term goal of the hackathon?
A16. The goal is to drive fintech innovation, support economic diversification, and empower Saudi youth.
Q17. How does the event benefit participants?
A17. Participants gain exposure, networking opportunities, and a chance to develop innovative solutions.
Q18. What is the significance of the Guinness World Record?
A18. The record highlights Saudi Arabia’s leadership in hosting large-scale fintech events.
Q19. How does the hackathon align with global trends?
A19. It aligns with global trends by focusing on fintech innovation and digital transformation.
Q20. What is the future of the AMAD Fintech Hackathon?
A20. The hackathon aims to continue growing, fostering innovation, and setting new benchmarks in fintech.
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