The event focused on three panellists who are all successful female leaders in the fintech sector. They discussed a range of topics including financial inclusion, changes in consumer payment behaviours, the future of banking in the Middle East.
Ambareen Musa from Souq Almal
Nihal Abughattas from Temenos
Micaela Fiorito from Beam Wallet
The event was moderated by Claire Sharrock, Managing Editor at 7 Days.
Key Points from the event were:
• Fintech has a broad definition and is collaborating with incumbent businesses as well as disrupting them
• Regulation in the region can slow progress for start up’s given its complexity and ability to change rapidly
• Cash flow is a concern for start-up fintech business in the Middle East much like the rest of the world
• Despite all that the demographics in the region (40% Millennial, high smart phone penetration) mean that companies can succeed where they delight their customers