A favorable government regulatory environment and state-backed incubators have driven significant growth in the Middle East's fintech sector in recent years. The push for digital-first solutions across sectors like payments, banking, and lending will continue to surge and the fintech market will continue to expand at a steady pace. A total of USD 2.1B was invested in fintech startups last year, which led to a new funding record. In 2022, the Middle East has witnessed investments around USD 503M in technological solutions by banks and companies till now. As a result of emerging developments in the financial technology industry, fintech companies’ are offering customized products at lower costs, increasing support for existing and new ventures.
This edition of Financial Services Review brings to light the key developments in the fintech space in the Middle East and contains a list of the top 10 fintech solutions providers in the region. It features thought leadership articles and exclusive insights from Kevin Martin, Global COO and Head of Digital Transformation, Wealth and Personal Banking, HSBC and Jameel Khan, Head of Digital & Innovation - Corporate & Investment Banking Group, Mashreq Bank. They speak about the new era of wealth management with more investment opportunities through digital channels and modernizing the corporate banking division. Along with that, the edition features an innovative financial solution for the capital market activities industry from SYPEX, which supports the entire investment value chain and a wide range of financial instruments.
We hope the valuable insights from industry thought leaders and the fintech organizations featured in this edition help you make informed decisions for your digital finance operations.
