(MENAFN- The Peninsula)
Joel Johnson
|
The Peninsula
Doha: The third edition of the MENA Fintech Festival kicked off yesterday convening industry leaders remarking on empowering the financial landscape across the region.
The opening ceremony of the two-day event witnessed the participation of the Assistant Governor for Financial Instruments and Payment Systems at Qatar Central bank (QCB), H E sheikh Ahmed Bin Khalid Al Thani, and the President of MENA Fintech Festival Malik Shishtawi among other officials.
During his key note speech, H E Sheikh Ahmed remarked that the conference showcases exciting opportunities and empowers financial technology, driving the economy of Qatar and the region.
He said“This dynamic sector is not just a project of technological advancement. It's about empowering individuals, fostering economic growth, and creating new opportunities.”
He emphasised that the QCB in line with the national strategic vision 2030 is transforming Qatar into a robust ecosystem stimulating innovation, insurance, stability, security, and confidence in the financial system.
The official also noted the fintech strategy launched by QCB last year for innovation across the financial service sector.
“The strategy reflects positioning Qatar as a global hub for tech and innovation. However, we recognise that this journey cannot embark upon alone. Collaboration with the stakeholder investors and policymakers will be essential for creating a sustainable and driving fintech ecosystem,” H E Sheikh Ahmed said.
He further added“By working together, we can shape the future that benefit not only Qatar but also the wider region and beyond. As you engage in the discussion today, let us remember that Fintech is not just about technology - it is also about people and using innovation to create a financial sector more inclusive, resilient, and capable of adapting to challenges and opportunities tomorrow.“
The President of the MENA Fintech Festival Malik Shishtawi said“Qatar's FinTech ecosystem stands as a testament to the power of vision and strategic investment. Guided by the forward-thinking policies of the Qatar Central Bank and supported by key stakeholders (Qatar FinTech Hub and Qatar Financial Centre), we are witnessing the transformation of financial services-not just for today but for generations to come.”
“Qatar's value proposition in the FinTech landscape is clear: a commitment to fostering innovation, regulatory frameworks that enable growth, and a supportive environment for startups and global players alike. With initiatives like the Regulatory Sandbox and the National FinTech Strategy, Qatar is not just keeping pace with global trends; it is setting new benchmarks,” he said.
Shishtawi highlighted that the leadership of QCB has been“instrumental” in creating an ecosystem where creativity meets compliance.
The official also stressed that partners in government entities, private sector stakeholders, and international collaborators are charting a bold course for sustainable economic growth through FinTech.
He highlighted that attendees will gain insights into various cutting-edge ideas, and impactful partnerships, and ignite discussions shaping the future of the financial landscape.
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