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Tribune News Network
Doha
Qatar Financial Centre (QFC), one of the world’s leading and fastest growing onshore business and financial centres, took part in a ‘FinTech/Blockchain’ panel discussion at the 5th Annual Information Security Conference for the financial sector.
QFC Financial Sector Office Managing Director Henk J Hoogendoorn discussed the growth of FinTech during a panel discussion.
The panellists debated the trends, insights and approaches to the adoption of FinTech by the financial industry, how regulators can use FinTech effectively and the lessons learned and best practices from other regions that have made significant advancements through the use of the technology.
Speaking on the occasion, Hoogendoorn said, “The QFC is already actively contributing to the national FinTech plan and will be a platform for international FinTech companies that want to be active in Qatar or nearby remittance markets. As part of our commitment to developing a FinTech hub, the QFC recently signed an MoU with Europe’s leading Fintech platform B-Hive, which will help facilitate co-operation on several aspects based on the promotion of business opportunities and knowledge sharing.”
Hoogendoorn said, “We are witnessing a steady uptake of FinTech businesses in the Middle East, with the number of FinTech startups soaring to 105 from 46 between 2013 and 2015. The adoption of FinTech within Qatar’s financial sector will provide plenty of opportunities in areas such as financial inclusion. Additionally, about eighty percent of FinTech is non-regulated so we can start working on important themes such as cyber security, data analytics, digital access and a cashless FIFA 2022.”
The QFC is an onshore jurisdiction, allowing companies to operate in and from Qatar within the QFC legal and tax environment. The QFC endeavours to promote Qatar as an attractive business destination. Companies that wish to establish a business in the QFC are guided throughout by a dedicated QFC relationship manager who assists in the process of obtaining a licence and offers support in matters related to operating a business in Qatar.
Doha
Qatar Financial Centre (QFC), one of the world’s leading and fastest growing onshore business and financial centres, took part in a ‘FinTech/Blockchain’ panel discussion at the 5th Annual Information Security Conference for the financial sector.
QFC Financial Sector Office Managing Director Henk J Hoogendoorn discussed the growth of FinTech during a panel discussion.
The panellists debated the trends, insights and approaches to the adoption of FinTech by the financial industry, how regulators can use FinTech effectively and the lessons learned and best practices from other regions that have made significant advancements through the use of the technology.
Speaking on the occasion, Hoogendoorn said, “The QFC is already actively contributing to the national FinTech plan and will be a platform for international FinTech companies that want to be active in Qatar or nearby remittance markets. As part of our commitment to developing a FinTech hub, the QFC recently signed an MoU with Europe’s leading Fintech platform B-Hive, which will help facilitate co-operation on several aspects based on the promotion of business opportunities and knowledge sharing.”
Hoogendoorn said, “We are witnessing a steady uptake of FinTech businesses in the Middle East, with the number of FinTech startups soaring to 105 from 46 between 2013 and 2015. The adoption of FinTech within Qatar’s financial sector will provide plenty of opportunities in areas such as financial inclusion. Additionally, about eighty percent of FinTech is non-regulated so we can start working on important themes such as cyber security, data analytics, digital access and a cashless FIFA 2022.”
The QFC is an onshore jurisdiction, allowing companies to operate in and from Qatar within the QFC legal and tax environment. The QFC endeavours to promote Qatar as an attractive business destination. Companies that wish to establish a business in the QFC are guided throughout by a dedicated QFC relationship manager who assists in the process of obtaining a licence and offers support in matters related to operating a business in Qatar.
