Fintech Saudi is an initiative launched by the Saudi Arabian Monetary Authority to act as a catalyst for the development of the financial services technology (“fintech”) industry in Saudi Arabia. Fintech Saudi’s ambition is to transform Saudi Arabia into an innovative fintech hub with a thriving and responsible fintech ecosystem driven by local and international stakeholders.
Fintech Saudi is seeking to achieve this by bringing together public and private organizations to foster a culture of innovation in the financial services, build a broad understanding about fintech across Saudi Arabia and support the development of fintech entrepreneurs and SMEs as well as the development of fintech products and services that support all SMEs across Saudi Arabia.