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Nigeria has taken over the Grand Final of the 2022 Ecobank Fintech Challenge. The Nigerian fintech 'Touch and Pay' won the first prize on 28 October in Lomé (Togo) in front of an audience of experts.
Saudi Arabia's push to become a global fintech centre is gathering pace, with the number of financial technology startups in the Kingdom growing by 79% over the past twelve months and attracting $400 million in funding.
The Saudi Central Bank (SAMA) has issued its open banking framework, a set of legislation, regulatory guidelines and technical standards...
Open banking is a new concept in the financial industry. It is the practice of enabling customers of financial institutions to share their financial data securely with a third party provider, which in turn provides new and innovative financial services and products for customers.
While Saudi Arabia’s fintech sector presents opportunities for entrepreneurs, VC investors and consumers, there are specific, long-standing challenges hindering the market’s full potential.