Taking place September 3-5 at Riyadh Front Exhibition & Conference Centre, the landmark debut of 24 Fintech aims to solidify Saudi Arabia’s position as a global fintech leader. The event will be hosted by the Financial Sector Development Program (FSDP), Saudi Central Bank (SAMA), Capital Market Authority (CMA), Insurance Authority (IA), and is co-organised by Fintech Saudi and Tahaluf, a joint venture between Informa PLC, the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), and the Events Investment Fund.

With less than six weeks until the debut event, several high-level speakers are confirmed to discuss trending themes influencing the industry. H.E Mohammed Al Jadaan, Chairman of Financial Sector Development Program (FSDP), has been confirmed as a speaker at 24 Fintech.

Throughout the three-day summit, attendees will hear from high-ranking government officials, including H.E Mohammed ElKuwaiz, Chairman of the Capital Market Authority; H.E Abdulaziz AlBoug, Chairman of the Insurance Authority; H.E Eng. Naij Al-Faisal Al-Tamimi, CEO, Insurance Authority; H.E Yazeed Alnafjan, Deputy Governor of Financial Innovation at the Saudi Central Bank; Yazeed AlDemaigi, Deputy of Strategy, Research & International Affairs, Capital Market Authority; and Nezar AlHaidar,  CEO of Fintech Saudi.

Expected to attract over 26,000 attendees, 300 exhibitors, and 200 investors, 24 Fintech will feature 175 hours of expert-led content, positioning itself as one of the world’s leading fintech conferences. Key topics include Governance, Risk and Policy, Cybersecurity, Global Interoperability, and Innovation in Payments.

24 Fintech will feature four stages hosting an array of keynotes, panel discussions, and industry announcements exploring investment opportunities, startups, technology, and academia.

The Futures Forum Stage will be a hub for academic and interactive discussions on blue-sky thinking, while the Fintech Fusion Stage will converge investment and innovation, providing a platform for founders and investors to share experiences. The 24° Trends Stage will explore the latest trends and technologies reshaping finance.

Elsewhere, Startup Zone is a dynamic space for networking, pitching sessions, competitions, and demo showcases that will run parallel to the Investor Program – a venue for unearthing opportunities and making connections with visionary entrepreneurs.

“Fintech Saudi is thrilled to co-organise 24 Fintech, a pivotal event aimed at cementing Saudi Arabia’s position at the forefront of global financial services discussions. 24 Fintech is an important milestone in advancing the Saudi fintech industry and is consistent with our vision to position the Kingdom as a leading global Fintech hub,” said Nezar Alhaidar, CEO, Fintech Saudi.

A major driving force in Saudi Arabia’s non-oil and digital-first economy, the fintech sector now accounts for nearly 20 per cent of all venture investments into the Kingdom, explained Annabelle Mander, Senior Vice President of Tahaluf.

“This growth is propelled by the country’s youthful, tech-savvy population and a very pro-innovation government. With nearly two-thirds of the population under the age of 30, the Kingdom is an ideal location for a week-long celebration of innovation designed to enhance access to financial services, generate sector-wide investment, and showcase the breakthrough products and services primed to upend the sector in the near future. We are confident this event will spotlight the future of finance and act as an incubator for fintech entrepreneurs to grow and thrive.”

24 Fintech is closely aligned with Saudi Arabia’s Vision 2030 which positions the industry as a crucial element in achieving economic transformation. The exhibition has attracted key finance players who are supporting the Vision goals.

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Under the patronage of his excellency the Governor of Digital Government Authority, Eng. Ahmed bin Mohammed Alsuwaiyan, cybersecurity company sirar by stc signed an agreement with Fintech Saudi, in the presence of the Undersecretary of the Ministry of Communications and Information Technology for the Technology sector Ibrahim Al-Nasser; the Deputy Governor of the Communications and Information Technology Commission for the Information and Emerging Technologies’ sector Raed Al-Fayez; Deputy Governor For Development and Technology at Saudi Central Bank, Ziad Al-Yousef; and the Deputy Strategy & International Affairs at Capital Market Authority, Yazeed AlDemaigi.

The agreement solidifies the integration between the Digital Government Authority and the Saudi Central Bank, to support SMEs, fintech companies and entrepreneurs to boost innovation and diversity of products and services through digital platforms, and increase the contribution of the digital government services to the national economy. Under the agreement, sirar by stc will offer a digital signature service package discounted by 60% that will benefit SMEs, fintech companies and entrepreneurs.

This step comes in line with the efforts deployed by the Authority and all stakeholders and aims to improve the regulatory environment for digital services, facilitate business, and strengthen strategic partnerships between government agencies and the private sector, in order to develop the digital ecosystem. The Deputy Governor for Regulation and Digital Trust in the Digital Government Authority, Eng. Faris AlRabadi explained that this agreement aims to promote digital trust services, which contributes to improving the user’s experience, ensure that electronic transactions are conducted with high reliability and promote digital transformation in the Kingdom.

Ziad Al-Yousef, stated that this agreement will contribute to the development of the fintech sector in the Kingdom, facilitate business in the financial sectors, enhance cooperation and coordination, and keep pace with global developments to achieve the aspirations of Saudi Vision 2030.

Nezar Al-Haidar expressed his happiness towards signing this agreement noting that it will support the empowerment of fintech companies by reducing their operating costs.

The CEO of sirar by stc confirmed that this agreement comes within the framework of the company’s efforts to support and enable the fintech sector in the KSA, which serves the purpose and plans of digital transformation in the Kingdom. It is noteworthy that the digital signature service allows users to digitally sign documents from anywhere at any time, while ensuring reliability, authentication and security.

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