Fintech Buddy Saudi Arabia

The proliferation of fintech companies in Saudi Arabia across a wide range of industries has increased the pace of disruption in the financial services industry, a trend spurred on by the Saudi Vision 2030. The number of Saudi Arabian financial technology companies is expected to increase in the next years. It was reported that the number of active fintech in Saudi Arabia increased by 37% in 2021 compared to the previous year. Talent and Recruitment To successfully create, develop, and improve digital financial services, businesses need to hire digital people with the necessary experience, education, and skills, as well as an in-depth understanding of their customer's wants and requirements. The Fintech Saudi annual study makes this point quite evident, as 38%-40% of fintech Saudi Arabia name talent and recruiting as their largest barrier to rapid expansion. Eighty-eight percent of the financial services organizations questioned by Fintech Saudi mentioned finding the right know...

There's a common misconception that ideas, businesses, and whole sectors somehow appear out of nowhere, propelled by some invisible force. Cities like London, New York, and Tel Aviv have emerged as global epicenters in the development of cutting-edge financial technology during the last decade. Governments have helped fuel this expansion by providing friendlier Fintech regulations Saudi Arabia climate, easing networking barriers, and implementing other actions designed to foster the development of FinTech centers in their respective countries. Even with this kind of backing, it is very difficult to establish a functioning FinTech ecosystem with a small number of FinTechs and no obvious channels for regulating the industry or gaining access to the best and brightest individuals in the field. Saudi Arabia has set lofty targets for addressing this issue as part of its Vision 2030 project. I spent most of 2018 in Saudi Arabia, where I work as part of an executive innovation group spec...

For entrepreneurs, startups are a ground to showcase their skills and risk-taking capabilities. But for a smooth operation, they need to ensure that they don’t end up in legal cases because of missing any required legal practices for their startups. There are several common mistakes that entrepreneurs make, especially owners of Fintech Saudi Arabia start-ups, so begin with a solid legal base by hiring a competent legal firm for all of your legal needs related to your business.  Why Need Legal Services? Start-ups need attorneys for: You should not violate any government laws regarding correctly doing business and avoid paying unnecessary taxes. Public and third parties - To manage your interactions with clients, employees, and others like Investors Saudi Arabia , you need a reliable attorney to help you in dealing with third parties. Where more than one person is included in forming a company, it is best to have the necessary legal help to avoid disagreements in the future. In oth...