Money20/20, the hugely successful global fintech event, is heading to Riyadh next year for its first-ever Middle East edition.
Known for bringing together the biggest names and ideas in financial technology, the event builds on the buzz created by 24 Fintech, which showcased the Middle East’s growing role in shaping the industry.
To find out more about how the new Money20/20 edition will blend the brand’s iconic energy with the Middle East’s unique culture and opportunities, Mark Walker, editorial director at The Fintech Times chats to Tracey Davies, president of Money20/20.
From the transition from 24 Fintech to the importance of collaborating with local regulators and embracing the region’s vibrant fintech growth, Davies shares her vision for the conference and how it also aims to combine ‘ambition with action’.
We last met at 24Fintech in Riyadh; what are your impressions of the Middle East region?
The Middle East is an incredibly dynamic region, rich in opportunity and innovation, particularly in the financial sector. The Middle East Digital Payments market is projected to reach $89.02billion in 2024, an annual growth rate of 16.11 per cent resulting in a projected total amount of $187.8billion by 2029.
The progress I witnessed at 24Fintech left a strong impression on me, showcasing how the region is embracing technological innovation and creating unique regulatory environments to support growth. From fintech adoption, digital transformation and a vibrant ecosystem, this is a region that combines ambition with action, and it’s very exciting to be part of such transformative change.
24 Fintech and Money20/20 are combining to produce Money20/20 Middle East; how will you maintain the amazing brand/look/feel of Money20/20 we know and love with a Middle Eastern flavour?
Money20/20, the world’s leading fintech show, has rapidly become the heartbeat of the global fintech ecosystem.
As we bring our iconic brand to the Middle East in partnership with Tahaluf, we will preserve the unique essence of Money20/20 convening fintech’s heavy hitters to share revelatory ideas, insights and innovation, gaining direct access to the industry’s most influential leaders while embracing the rich culture and context of the region through our trusted partners.
We’ll integrate our global brand with regionally based experts to bring the essence of Money20/20.
How do partnerships with the Kingdom’s regulators and government support Money20/20?
Partnering with regulators and government entities provides us with unparalleled access to insights and frameworks that are essential for shaping the future of financial innovation.
Their support ensures Money20/20 Middle East will deeply align with regional priorities, including Vision 2030’s goals of economic diversification and a digitally enabled economy.
This collaboration allows us to bring together global stakeholders and the Kingdom’s leadership creating a platform for dialogue, policy innovation and partnerships that support growth.
