'24 Fintech' Event to Convene in Riyadh This September
Interested startups can participate in mentorship and matchmaking sessions and a pitch competition.
Riyadh will host a new annual event, '24 Fintech,' from September 3rd to 5th, 2024, at the Riyadh Front Exhibition & Conference Centre, as per an emailed press release to Inc. Arabia. The event is being organized by the Financial Sector Development Program (FSDP), Saudi Central Bank (SAMA), Capital Market Authority (CMA), and Insurance Authority (IA). It is co-organized by Fintech Saudi Arabia and Tahaluf.
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Tahaluf, a partnership between Informa PLC, the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), and the Events Investment Fund (EIF), has planned this event to enhance the financial technology sector across the kingdom.
The three-day event will include an exhibition, summit, and various satellite events from September 1st to 6th. It will feature 175 hours of expert-led content, with sessions designed to unlock business and networking opportunities.
'24 Fintech' will bring together regulators, financial professionals, policymakers, investors, technologists, and academics for a better collaborative fintech environment. Initial estimates suggest the event will attract over 25,000 attendees, 300 exhibitors, 200 investors, and 80 fintech startups.
More than 200 expert speakers will address key finance industry issues, covering infrastructure provision and client servicing topics. Attendees will include central bank governors, regulators, policymakers, financial institutions, tech providers, investors, venture capitalists, academics, researchers, and industry associations.
Moreover, the event will feature four stages: keynotes, panel discussions, and industry announcements. Dedicated areas will focus on investment, startups, technology, and academia. Themes such as governance, regulations, interoperability, investment, and the financial services landscape will be explored during the event.
Special initiatives include the Regulators’ Village, connecting regulators and fintechs aiming to establish themselves in the Kingdom, and a dedicated investor program with an exclusive stage and lounge. Venturescape, a pre-show initiative, will bring together over 200 global investors and 100 fintechs for workshops and mentorship.
A startup zone will spotlight 80 top global fintech companies across various fintech verticals, including payments, lending, insurtech, regtech, capital markets, compliance, and open banking.
Interested startups can participate in mentorship and matchmaking sessions and a pitch competition, with the top startups competing for over SAR 900,000 ($250,000+) in equity-free awards.
Saudi Arabia aims to be a hub for fintech as part of Vision 2030’s objectives, which aim to reduce dependence on oil, diversify its economy, and develop public service sectors.