Tuwaiq Academy, in partnership with Alinma Bank, successfully concluded the second edition of the AMAD Hackathon, Saudi Arabia’s largest fintech hackathon, held from July 16 to 18, 2026, at The Garage in Riyadh. The event attracted over 6,000 participants, both in-person and remotely, showcasing innovative fintech solutions across multiple sectors.
Context and Background
The AMAD Hackathon is a flagship initiative aimed at fostering innovation in the financial technology sector. Organized by Tuwaiq Academy and Alinma Bank, the event aligns with Saudi Arabia’s Vision 2030 goals of diversifying the economy and empowering national talent. The second edition built on the success of the inaugural event, further solidifying its role as a catalyst for technological advancement.
Key Details
The hackathon featured over 2,800 teams from across Saudi Arabia, submitting more than 2,800 innovative projects across six tracks: generative AI for fintech, customer experience, financial literacy, open banking, gamification, and financial regulation. Participants utilized cutting-edge technologies to develop solutions that address pressing challenges in the financial sector.
Implications and Impact
The AMAD Hackathon has significant implications for Saudi Arabia’s fintech ecosystem. By attracting top talent and fostering innovation, the event contributes to the Kingdom’s goal of becoming a regional leader in financial technology. The diverse range of projects submitted highlights the potential for sustainable impact across the sector, driving economic growth and technological progress.
Vision 2030 Alignment
The AMAD Hackathon exemplifies Saudi Arabia’s commitment to Vision 2030 by developing national talent and promoting innovation in the fintech sector. The event’s success underscores the Kingdom’s strategic focus on diversifying the economy and leveraging technology to achieve sustainable growth and global competitiveness.
20 Questions
Q1. What is the AMAD Hackathon?
A1. The AMAD Hackathon is Saudi Arabia’s largest fintech hackathon, organized by Tuwaiq Academy and Alinma Bank to foster innovation in financial technology.
Q2. When was the second edition of the AMAD Hackathon held?
A2. The second edition was held from July 16 to 18, 2026.
Q3. Where was the AMAD Hackathon held?
A3. The event took place at The Garage in Riyadh.
Q4. How many participants attended the AMAD Hackathon?
A4. Over 6,000 participants attended, both in-person and remotely.
Q5. What was the aim of the AMAD Hackathon?
A5. The hackathon aimed to develop innovative fintech solutions using the latest technologies.
Q6. Who organized the AMAD Hackathon?
A6. The event was organized by Tuwaiq Academy and Alinma Bank.
Q7. How many teams participated in the hackathon?
A7. More than 2,800 teams participated.
Q8. How many projects were submitted?
A8. Over 2,800 projects were submitted.
Q9. What were the tracks covered in the hackathon?
A9. The tracks included generative AI for fintech, customer experience, financial literacy, open banking, gamification, and financial regulation.
Q10. What technologies were used in the hackathon?
A10. Participants utilized cutting-edge technologies to develop fintech solutions.
Q11. What is Tuwaiq Academy’s role in the hackathon?
A11. Tuwaiq Academy is a key organizer, committed to developing national talent through technology competitions.
Q12. What is Alinma Bank’s role in the hackathon?
A12. Alinma Bank partnered with Tuwaiq Academy to organize and support the event.
Q13. How does the hackathon align with Vision 2030?
A13. The event aligns with Vision 2030 by promoting innovation and empowering national talent in the fintech sector.
Q14. What is the significance of the hackathon for Saudi Arabia?
A14. The hackathon contributes to Saudi Arabia’s goal of becoming a regional leader in financial technology.
Q15. What impact does the hackathon have on the fintech sector?
A15. The hackathon drives innovation and sustainable impact across the financial sector.
Q16. Who is Abdulaziz Alhammadi?
A16. Abdulaziz Alhammadi is the CEO of Tuwaiq Academy.
Q17. What did Abdulaziz Alhammadi say about the hackathon?
A17. He affirmed the academy’s commitment to developing national talent through technology competitions.
Q18. What is the Garage in Riyadh?
A18. The Garage is a venue in Riyadh where the hackathon was held.
Q19. What is the future of the AMAD Hackathon?
A19. The hackathon is expected to continue fostering innovation and empowering tech talent in future editions.
Q20. How does the hackathon contribute to Saudi Arabia’s global competitiveness?
A20. By developing innovative fintech solutions and nurturing talent, the hackathon enhances Saudi Arabia’s position in the global fintech landscape.
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