MENA Fintech Association launches to support growing Fintech marketplace

MENA Fintech Association has established 46 country bridges globally

Tags: FinTechUnited Arab Emirates
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MENA Fintech Association launches to support growing Fintech marketplace
By  Kevin Sebastian Published  June 24, 2019

MENA Fintech Association, an inclusive, not for profit organization that aims at fostering an open dialogue for the MENA fintech community, formally launched yesterday at an exclusive event held at Abu Dhabi Global Market.

The event was attended by fintech leaders from across the industry, including 22 financial regulators from the MENA region, government representatives, global and regional enterprises and the MFTA community.

Together, they recognized and celebrated the Association's achievements to date, since its inception at last year's FinTech Abu Dhabi event, and also launched new initiatives that will shape the future of financial services in the region.

MENA Fintech Association has established 46 country bridges globally, had global experts address the local fintech community and brought together the MFTA community to socially impact lives.

At the event, MENA Fintech Association also signed alliances with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), for strategic initiatives on financial inclusion and developments of financial services in the region, and the American University in Dubai, for specific academic projects and collaboration on ecosystem development initiatives for fintech startups and industry stakeholders, such as partnerships on accelerator programs, curriculum and capacity development.

MENA Fintech Association and Anghami, have collaborated for an upcoming podcast series dedicated to ‘all things fintech' in the region.

Nameer Khan Chairman and Founding Board Member of MENA Fintech Association, commented on the launch saying: "We are delighted to officially launch this Association which is a first-of-its-kind in the region, uniting organizations and stakeholders from across the fintech community and advocating their interests, fostering collaboration, the development of industry standards and enabling industry discussion in a concrete way. The journey of making this a big success wouldn't have been possible without the tireless efforts of our founding board members: Nihal Abughattas (TEMENOS), Kokila Alagh (KARM), Irina Heaver (Bolton Holdings), Altaf Ahmed (Etisalat) and Umair Hameed (KPMG)."

Mr Teng said of the event: "As the fintech ecosystem in the region grows, the community needs to collaborate more closely for a common effective voice to interact with the likes of regulators, policy makers and institutions. I would like to congratulate the MENA Fintech Association on its official launch and applaud Nameer and the founding team for stepping up to lead this important effort."

Over the coming months and years, the MENA Fintech Association will seek to work with groups including start-ups and entrepreneurs, individual professionals and academia, financial institutions and corporates, investors and accelerators, regulatory authorities and policy makers; bringing together insights from across these disparate groups with a common interest to further drive the growth of investment in the fintech industry in the region, as well as adding value for each group.

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