Fintech
Riyadh rivals some of the biggest fintech shows with inaugural fintech 24 event
The Kingdom of Saudi Arabia has established itself as a leading player in the fintech sector in recent years. From its Vision 2030 to the launch of its new open banking framework, the Kingdom is a pioneer in fintech innovation. Seeking to cement this role, a new annual event will be held in Riyadh: 24 Financial Technology.
24 Fintech will be held at the capital’s Riyadh Front Exhibition & Conference Centre from 3 to 5 September 2024, showcasing a collective commitment to unlocking business and networking opportunities, embracing change and driving innovation.
The three-day event will combine an exhibition and summit, with 175 hours of expert-led content, with a series of satellite events. It will include industry panel discussions and brand activations, taking place throughout the week, September 1-6.
The new annual event is hosted by the Financial Sector Development Program (FSDP), Saudi Central Bank (AS IS), Capital Market Authority (Homeland Security Committee), Insurance Authority (IA), and co-organized by Saudi Fintech AND Tahaluf. It aims to create an event that will elevate Riyadh’s global financial technology ambitions and demonstrate the Kingdom’s commitment to shaping the future of finance.
Tahaluf, the strategic initiative of collaboration between PLC InformationTHE Saudi Cyber Security Federation, Programming and drones (SAFCSP) and the Event Investment Fund (EIF), has the ambition to rival some of the world’s largest financial technology conferences with 24 Fintech. Supporting the growth of 24 Fintech, The Fintech Times is proud to be a media partner.
“Our vision is to advance finance by bringing together key stakeholders and driving practical, global transformation in line with the economic development agenda outlined in Saudi Arabia’s Vision 2030,” he said. Annabelle Almondsenior vice president of Tahaluf.
Who will participate in 24 Fintech
With the support of an international summit that will bring together regulators, financial services professionals, policy makers, investors, technologists and academics, 24 Fintech will provide a platform for industry stakeholders globally to shape, promote and stimulate collaborative fintech transformation.
Tahaluf’s initial estimates are that the inaugural 24 Fintech will attract over 25,000 attendees, 300 exhibitors, 200 investors, and 80 fintech startups. The show will feature over 200 expert speakers to address the pressing issues facing the financial industry as the show seeks to navigate the immense technological changes impacting operations, from infrastructure provision to customer support.
Expected participants include central bank governors, regulators, policy makers, financial and non-financial institutions, large technology providers, investors and venture capitalists, academics, researchers, as well as professional and industry associations.
At the event…
The inaugural edition of 24 Fintech will feature four stages hosting three days of programming. This will include keynotes, panel discussions and industry announcements, with dedicated areas for investment and startups, technology and academia. Additionally, panelists will explore a range of topics across the stages, including:
- government
- regulations
- interoperability
- investment
- rethinking the financial services landscape
In addition to the main and special stages, the show will host special initiatives. These include the Regulators’ Village, a dedicated zone that connects regulators and fintechs aspiring to establish themselves in the KingdomThe inaugural 24 Fintech will also offer a dedicated investor program with an exclusive stage and lounge, as well as Venturescapepre-show initiative that will bring together over 200 global investors and 100+ fintechs for a series of workshops, mentoring and pitch trials.
A dedicated startup area will highlight 80 of the world’s leading fintech companies, spanning all major fintech verticals, including but not limited to payments, lending, insurtech, regtech, capital markets, compliance and open banking.
Aspiring startups can avail of personalized mentoring and matchmaking sessions, as well as a 24-person Fintech pitch competition. The top startups will also compete in timed pitch competitions. This will culminate in a grand finale with over SAR 900,000 (over $250,000) in free equity prizes.