Potential Threats And Breakthroughs For Saudi Fintechs In 2022
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...