World Fintech Show features dynamic collaborations set to influence the direction of fintech in Saudi Arabia.

After two thrillingly eventful days, World Fintech Show, Powered by Revival Lab, Fintactics, and Arbah Capitalconcludes after leaving the Saudi fintech industry with a lot to look forward to. This event is widely considered a pivotal turning point for the Saudi Arabian fintech market.
Riyadh, Saudi Arabia, Dec 22, 2022 - (ACN Newswire) - Some of the biggest names and most brilliant minds in the fintech and financial services attended Trescon's World Fintech Show held on the 5th and 6th of December at the InterContinental, Riyadh. The event heavily focused on unleashing the potential of Saudi Arabia's fintech sector. World Fintech Show aided in establishing strategic alliances aimed at transforming the financial services industry for the foreseeable future.

The event began with a special speech by Eng. Mansour Alobaid, Chairman Information & Communication Tech Committee, Riyadh Chamber, was then followed by a talk by Mr. Issam Abousleiman, Country Director, World Bank, on fintech in Saudi Arabia.
World Fintech Show, which is renowned for its insightful panel discussions, featured discussions on topics like "Open Banking today to Open Finance tomorrow," "Moving towards a cashless society," "Regulatory compliance with FinTech legislation," "Leveraging Big data, AI & Machine Learning across Fintech" and "Tackle real-world industry challenges to build a Fintech start-up with a viable business model." The panel talks were all focused on industry challenges, the financial industry's future, and the influx of innovative financial concepts.
World Fintech Show served as a platform for Revival Labs, and Arbah Capital to formalize their alliance and announce the launch of their joint venture, Fintactics Studio.
Fintactics will focus on assisting internal businesses and investing in cutting-edge, high-growth fintech ventures throughout the Kingdom, MENA, and the rest of the world. Fintactics is supported by a 150Mn SAR CMA-sanctioned VC fund.The papers were signed between:

Saad Almoammar, Chairman, Revival Lab
Anas Aldowayan, Board Member, Revival Lab
Mohammed Al Maghlouth, Co-founder and CEO, Revival Lab
Haitham Alsahfy, Co-founder and CEO, Fintactics
Mahmoud Koohaji, CEO, Arbah Capital
Hisham Al Rashed, Board Member, Arbah Capital
Fahad Alrajhi, Board Member, Arbah Capital

Mahmoud Koohaji, CEO of Arbah Capital, mentioned: "We are now witnessing a notable flow of opportunities with unique quality, and through this cooperation, we are committed to creating a suitable business environment to enhance excellence and growth in the financial sector."
According to Mohammed Al Maghlouth, CEO of Revival Lab: "We have worked to provide innovative initiatives for the financial sector in the Kingdom of Saudi Arabia, and we aim to enable the fund to support other regions globally."
Partnership Agreement of Fintactics & Aion Digital
Aion Digital, a digital banking platform that strives to revitalize banking through customer-centric digital transformations is working with Fintactics to shape the financial landscape of the future. Both companies will jointly develop and expand important digital products in the GCC and MENA thanks to this collaboration. The papers were signed between:

Haitham Alsahfy, Co-founder and CEO, Fintactics
Mohammed Al Maghlouth, Managing Partner, Fintactics
Abdulatif Al Rajhi, Chairman, Aion Digital
Ashar Nazim, Founder and CEO, Aion Digital

Haitham Alsahfy, CEO of Fintactics Ventures, said: "As a venture builder specialized in fintech, we seek to make Fintactics Ventures the initiator and supporter of rapid growth in the sector on solid foundations creating an attractive environment for competition and entrepreneurship by providing resources and capabilities through cooperation to accelerate the development process in startups, and be among the recent organizations to strengthen the national ecosystem in the field."
The signing of Reg-Tech (Lezaam) JV agreement A new joint venture between Fintactics and Aion Digital- Lezaam will offer RegTech-as-a-Service with all features and capabilities required for digital onboarding and eKYC from journey orchestration, compliance, AML screening, and digital forensics.
The papers were signed between:

Haitham Alsahfy, Co-founder and CEO, Fintactics
Mohammed Al Maghlouth, Managing Partner Fintactics
Abdulatif Al Rajhi, Chairman, Aion Digital
Ashar Nazim, Founder and CEO, Aion Digital

Partnership Agreement of Fintactics & Bitfy HoldingsFintactics has invested in Bitfy Holdings, a Brazilian-based venture pioneering "Blockchain as a Service" to offer tokenization of illiquid assets. Fintactics will be able to localize blockchain tokenization and securitization technologies of physical and illiquid assets. This investment was followed by a partnership at World Fintech Show in Saudi Arabia. The papers were signed between:

Haitham Alsahfy, Co-founder and CEO, Fintactics
Mohammed Al Maghlouth, Managing Partner Fintactics
Lucas Schoch, Founder and CEO, Bitfy Holdings

Launch of Holoul
Utilizing the opportunity of being present at World Fintech Show, the launch of the most recent Fintactics Venture, Holoul was also announced. Holoul is a digital mortgage platform that focuses on facilitating and enhancing homeownership. The numerous market dynamics and political encouragement from ministries were the driving forces behind this. In addition, it's a marketplace where customers can find a variety of luxury home products that suit their demands.
The papers were signed between:

Haitham Alsahfy, Co-founder and CEO, Fintactics
Meshari Albashiri, CTO, Fintactics
Basil Al Shamlan, Founder and CEO, Holoul Venture

__EMAIL__ource: tresconCopyright 2022 ACN Newswire . All rights reserved.