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QDB launches event on FinTech to boost young Qatari start-ups

QDB launches event on FinTech to boost young Qatari start-ups

Tribune News Network
Doha
As part of its continuous efforts in supporting SMEs and Qatari entrepreneurs towards developing Qatar and building a knowledge-based economy, Qatar Development Bank (QDB) launched the “FinTech Pitching and Coaching Day”, in Doha on Wednesday.
QDB said the event is a new step towards achieving great strides in the FinTech sector and create a technology driven landscape for future generations.
Khalid al Mana, executive director of Business Finance Department, at QDB, said, “We always seek enabling platforms where we can empower Qatari youths and the launch of FinTech Pitching and Coaching day will open a new chapter for financial technology start-ups and will offer them the newer global paradigms that they are looking out for.
“By inviting leading European FinTech VC funds to participate in pitching sessions and coach Qatari FinTech startups as well as attracting leading FinTech collaboration platform to enter business relationships with QDB, we significantly contribute to strengthening country FinTech focus.
“Through this event, we also aim to position Qatar as magnet for talents in FinTech both locally and globally. At QDB, we are committed to offer a significant contribution towards making our financial services sector more robust, more innovative and more advanced.”
The event was attended by guests from Europe, East Asia, and the Middle East to offer their significant contribution towards a unified cause of leading a fintech economy.
“This event was a great opportunity for representatives from the banking and investment sector to explore the technology breakthrough trends and meet young and aggressive entrepreneurs and foster relationships with them,” the bank said.
During the event, QDB signed a cooperation agreement with Finastra, one of the largest Fintech collaborative platform based in UK, and have representations in major hubs across the world.
“By signing the MoU with Finanstra, QDB will be contributing significantly to the development of Qatar Fintech Ecosystem by enabling FinTech’s and financial institutions to change the way modern banking software is built and distributed,” the bank said.
With Finanstra’s platform-as-a-service (PaaS) solution, QDB supports collaboration and encourages innovation.
The event also witnessed the participation of the Qatari Fintech ecosystem representatives such as financial institutions, regulators, incubators and entrepreneurs who provided demonstration about their latest services.
The session started with the keynote speech by a path breaking international Fintech Entrepreneur – Lemon Way, a French Payment Startup, followed by the demonstration of existing local and international clients of QDB including MaktApp (Qatar), Qwallet (Qatar), QChain (Qatar), SoCash (Singapore), Factris (Netherlands), International Start UP (TBD).

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