The Fintech Saudi annual study makes this point quite evident, as 38%-40% of fintech Saudi Arabia name talent and recruiting as their largest barrier to rapid expansion. Eighty-eight percent of the financial services organizations questioned by Fintech Saudi mentioned finding the right knowledge as one of the key challenges to hiring staff.
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Are you looking for fintech companies saudi arabia? Presently there are 82 FinTech companies in the kingdom. Part of Saudi Arabia’s plan is to triple the number of fintechs it currently has by 2025. Plans are also being made to increase digital transactions of all financial dealings to 70% in the next three years. Fintech has its strategic pillar in the Kingdom, which is a positive sign that it will play an even bigger role in economic development and diversification in the future.
Looking for Saudi Tech Startups? fintech tech startups in Saudi Arabia are rising, seeing the positive effects of it worldwide. Investors in Saudi Arabia are eager to invest in fintech technology in Saudi Arabia, as they are seeing how it continues to transform all aspects of the traditional banking industry.