FinTech

FinTech means the digital transformation of financial services, whether banking such as payments, digital financing intermediation, or Buy Now Pay Later (BNPL), or non-banking financial services such as securities and investment in them, crowdfunding, and digital securities. All these services aim to enable individuals and companies to perform financial operations more quickly and efficiently.

In Saudi Arabia, several regulatory bodies oversee different financial activities. The Saudi Central Bank supervises financial services and payments, and recently, the activities related to digital insurance intermediation and digital insurance technology have been assigned to the Saudi Insurance Authority. Of course, the Capital Market Authority is responsible for investments and securities.

In line with Saudi Vision 2030, the FinTech strategy aims to increase the number of FinTech companies to 525 by 2030, and to increase the cumulative venture capital value for FinTech companies in Saudi Arabia to SAR 12.2 billion by 2030.

At Takween Tech, our goal is to offer assistance and advice starting from identifying the best product for your business model, and we accompany you throughout the licensing and development journey until your product is operational, with specially tailored service packages.

If you are interested in developing your FinTech project, contact us today to start your journey towards success!