World Fintech Present, a world fintech collection managed by Trescon provided Saudi Arabia’s fintech business a platform for important development. The occasion witnessed the launch of Fintactics Studio and its dedication to form the way forward for fintech within the Kingdom of Saudi Arabia. The World Fintech Present, which was held on the InterContinental in Riyadh, aided in establishing strategic alliances aimed toward remodeling the monetary companies business for the foreseeable future.
World Fintech Present performed host to the announcement and graduation of quite a few partnerships. Listed below are some unique highlights of the occasion.
Launch of Fintactics Studio and VC Fund:
Fintactics Studio, the primary devoted Fintech enterprise builder within the area supported by a 150Mn SAR CMA licensed VC fund, will focus on supporting inner companies and investing in cutting-edge, high-growth fintech ventures all through the dominion, MENA, and the remainder of the world.
Fintactics Enterprise Builder has emerged from Revival Lab and is launched underneath Arbah Capital.
Trescon hosted senior executives from the organizations:
- Saad AlMoammar, Chairman, Revival Lab
- Mohammed Al Maghlouth, Co-Founder and CEO, Revival Lab
- Haitham Al Sahafy, CEO, Fintactics
- Hisham Al Rashed, Board Member, Arbah Capital
- Mahmoud Koohaji, CEO, Arbah Capital
Partnership Settlement of Fintactics & Aion Digital
Success is contingent on having the best partnerships. Aion Digital, a digital banking platform that strives to revitalize banking by customer-centric digital transformations which are adaptable for monetary establishments, is working with Fintactics as a part of the builder’s mission to form the monetary panorama of the long run. Each firms will be capable to collectively develop and develop essential digital merchandise within the GCC and MENA because of this collaboration.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Companion of Fintactics
- Abdulatif Al Rajhi, Chairman, Aion Digital
- Ashar Nazim, Founder and CEO, Aion Digital
Signing of Reg-Tech (Lezaam) JV settlement
Companies at the moment require a totally digital onboarding expertise to guide prospects by their onboarding course of as enterprise resilience necessities and shopper expectations have grown.RegTech-as-a-Service with all options and functionality required for digital onboarding and eKYC from journey orchestration, compliance and AML screening, and digital forensics is what Leza’am, a brand new three way partnership between Fintactics and Aion Digital, is providing. Retail and company prospects for GCC and non-GCC nationals with add-on companies for fraud and danger administration.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Companion of Fintactics
- Abdulatif Al Rajhi, Chairman, Aion Digital
- Ashar Nazim, Founder and CEO, Aion Digital
Partnership Settlement of Fintactics & Bitfy Holdings
To speed up the adoption of Distributed Ledger Applied sciences in monetary and non-financial verticals within the Kingdom, Fintactics has invested in Bitfy Holdings, a Brazilian-based enterprise pioneering “Blockchain as a Service” to supply tokenization of illiquid property.
By means of cooperation with the related regulatory our bodies within the Kingdom, CMA & SAMA, Fintactics will be capable to localize blockchain tokenization and securitization applied sciences of bodily and illiquid property. This funding was adopted by a partnership on the World Fintech Present.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Companion of Fintactics
- Lucas Schoch, Founder and CEO of Bitfy Holdings
Launch of Fintech (Holoul)
Using the chance of being preset on the World Fintech Present, the launch of the newest Fintactics Enterprise, Holoul was introduced.
Consistent with the Saudi residents’ Imaginative and prescient 2030, Holoul is a digital mortgage platform that focuses on facilitating and enhancing residence possession. In Saudi Arabia, the mortgage market is evolving quickly, and the outcomes are very optimistic.
There may be little doubt that quite a few market dynamics and political encouragement from numerous our bodies and ministries had been the driving forces behind this. As well as, it is a market the place prospects can discover a wide range of luxurious residence merchandise that swimsuit their calls for.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Companion of Fintactics
- Basil Al Shamlan, Founder and CEO of Holul Ventures
About World Fintech Present
The World Fintech Present is a thought-leadership-driven, business-focused occasion that deep dives into the most recent challenges and know-how tendencies in Saudi Arabia’s monetary companies sector.
The World Fintech Present units the usual for monetary innovation within the Kingdom by connecting world fintech consultants, know-how innovators and startups with pre-qualified CFOs, CEOs, CTOs, Heads of Enterprise Transformation, Chief Digital Officers, Heads of Innovation, authorities authorities, and fintech buyers from Saudi Arabia.
The occasion options thrilling keynotes, enterprise use-case displays, product showcases, panel discussions and tech talks. Witness next-gen fintech options from world tech leaders and discover their relevance and impression on organizations.
About Trescon
Trescon is a world enterprise occasions and consulting agency that gives a variety of enterprise companies to a diversified consumer base.
With a deep understanding of the realities and necessities of the expansion markets we function in – we attempt to ship progressive and high-quality enterprise platforms for our purchasers.
For additional particulars in regards to the announcement, please contact:
Nupur Aswani
Head – Media, PR and Company Communications, Trescon
+91 95559 15156 | [email protected]