قطاع التقنية المالية بالسعودية.. نمو ملحوظ في السنوات الأخيرة
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00:00 A rapid growth of the financial technology sector in Saudi Arabia,
00:04 where the number of companies in this sector rose from 60 companies in 2020 to 205 companies in October.
00:13 On the one hand, Fintech Saudi Arabia expected to increase the acquisition and export activities of the financial technology sector in Saudi Arabia,
00:20 with the support of a strong regulatory environment and the development of companies and their attractiveness with the existence of a large consumer market in the Kingdom.
00:30 Some financial technology companies are under pressure to supervise the central bank,
00:34 while the Saudi financial market is supervised by other companies related to the Sukuk and others.
00:41 Fintech companies are much ahead of companies in the Middle East and even in the countries compared to the Kingdom.
00:50 We saw companies today that are considered unicorn companies,
00:55 and are also prepared to enter the stock market,
01:00 with new products and suggestions for the Saudi market,
01:03 such as buying now and paying later,
01:06 and also financing of deposits, all under the central bank.
01:11 We expect that the success of this will be called open banking,
01:17 and solving major problems for investors or account holders.
01:22 The products of financial technology companies have diversified,
01:26 not only in the field of payments,
01:29 but also companies have emerged for financing and other financing,
01:33 including the mechanism of buying now and paying later.
01:36 I see that financial technology is constantly growing,
01:39 because financial technology is no longer just an electronic payment,
01:42 but applications have become limited,
01:44 at the moment you can buy electrical devices,
01:47 or products for the house or personal appliances,
01:51 and also with financial technology you can get consumer financing,
01:54 and fast and easy.
01:56 Saudi is looking to increase the number of financial technology companies to 525 companies,
02:02 and raise the contribution of the FinTech sector to 13.3 billion Riyals in total local revenue,
02:10 by the year 2030.
02:13 A promising future for financial technology in Saudi,
02:16 this is indicated by various reports and analyzes,
02:19 but the challenge remains in providing more powerful companies and more diverse products.
02:26 This was Atal Alshamri, Sainbisi Arabia, Riyadh
02:30 [BLANK_AUDIO]