Riyadh, Saudi Arabia, Dec 22, 2022 - (ACN Newswire) - Some of the biggest names and most brilliant minds in the fintech and financial services attended Trescon's World Fintech Show held on the 5th and 6th of December at the InterContinental, Riyadh. The event heavily focused on unleashing the potential of Saudi Arabia's fintech sector. World Fintech Show aided in establishing strategic alliances aimed at transforming the financial services industry for the foreseeable future.

The event began with a special speech by Eng. Mansour Alobaid, Chairman Information & Communication Tech Committee, Riyadh Chamber, was then followed by a talk by Mr. Issam Abousleiman, Country Director, World Bank, on fintech in Saudi Arabia.

World Fintech Show, which is renowned for its insightful panel discussions, featured discussions on topics like "Open Banking today to Open Finance tomorrow," "Moving towards a cashless society," "Regulatory compliance with FinTech legislation," "Leveraging Big data, AI & Machine Learning across Fintech" and "Tackle real-world industry challenges to build a Fintech start-up with a viable business model." The panel talks were all focused on industry challenges, the financial industry's future, and the influx of innovative financial concepts.

World Fintech Show served as a platform for Revival Labs, and Arbah Capital to formalize their alliance and announce the launch of their joint venture, Fintactics Studio.

Fintactics will focus on assisting internal businesses and investing in cutting-edge, high-growth fintech ventures throughout the Kingdom, MENA, and the rest of the world. Fintactics is supported by a 150Mn SAR CMA-sanctioned VC fund.

The papers were signed between:

Saad Almoammar, Chairman, Revival Lab

Anas Aldowayan, Board Member, Revival Lab

Mohammed Al Maghlouth, Co-founder and CEO, Revival Lab

Haitham Alsahfy, Co-founder and CEO, Fintactics

Mahmoud Koohaji, CEO, Arbah Capital

Hisham Al Rashed, Board Member, Arbah Capital

Fahad Alrajhi, Board Member, Arbah Capital

Mahmoud Koohaji, CEO of Arbah Capital, mentioned: "We are now witnessing a notable flow of opportunities with unique quality, and through this cooperation, we are committed to creating a suitable business environment to enhance excellence and growth in the financial sector."

According to Mohammed Al Maghlouth, CEO of Revival Lab: "We have worked to provide innovative initiatives for the financial sector in the Kingdom of Saudi Arabia, and we aim to enable the fund to support other regions globally."

Partnership Agreement of Fintactics & Aion Digital

Aion Digital, a digital banking platform that strives to revitalize banking through customer-centric digital transformations is working with Fintactics to shape the financial landscape of the future. Both companies will jointly develop and expand important digital products in the GCC and MENA thanks to this collaboration.

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