Markaz gold sponsor of Kuwait’s first MoneyTech summit

Markaz gold sponsor of Kuwait’s first MoneyTech summit

Kuwait: Kuwait Financial Centre “Markaz” announced the conclusion of its Gold sponsorship and participation in the MoneyTech Summit, a one-day event organized by Al Jarida Summits and Kuwait’s first-ever money and technology-focused event. Representing Markaz at the event, which was held on 14 November 2022, at the Grand Hyatt Kuwait Hotel, was Vice President - Strategic Planning at Markaz, Mr. Salman Olayan.

Mr. Olayan took part in the panel titled ‘Exporting Kuwait’s MoneyTech’, alongside other experts from the fintech industry who shared insights and experiences of Kuwaiti companies that expanded beyond Kuwait and successfully navigated the region's varied markets. It also addressed the investment prospects of cross-border fintechs in the region in an increasingly expensive capital market.

Mr. Olayan took the lead in shedding light on the disruption led by the uprise of fintech and the resilience shown by investment companies as they adapted to this new technology. He also addressed how both fintech companies and investment companies could collaborate within the region to drive further growth in the financial services sector, which is a significant contributor to GDP and a growth engine for the private sector.

“Fintech companies need to be clear on the value proposition that they are offering to end-users,