UK fintech delegation led by SBJBC to visit Saudi Arabia

UK fintech delegation led by SBJBC to visit Saudi Arabia

LONDON — The Saudi British Joint Business Council (SBJBC UK) is leading a delegation of 30 UK fintech companies and investors to Riyadh from 29-31 January 2024.The visit marks the second fintech mission headed by SBJBC to the Kingdom and stands as one of the largest sector-specific delegations from any country to the region. The mission aligns with Saudi Arabia's movement toward more open banking and the swift expansion of its fintech ecosystem.Co-sponsored by Saudi Awwal Bank and Geidea, and supported by the UK’s Department for Business & Trade, the Saudi Ministry of Communications & IT, and Fintech Saudi, the three-day event will feature meetings with key local stakeholders and potential partners. The highlight of the visit is a UK/Saudi Fintech Venture Day at The Garage Innovation District on 30 January, which will host interactive panel discussions and pitches from leading UK and Saudi startups.The UK continues to be a global fintech leader, ranking second only to the US and as the top fintech market in Europe. In 2023, the UK fintech sector attracted $5.1 billion across 409 deals. The country houses approximately 2,500 fintech companies, with a growing number of specializations, including digital payment technologies and Islamic Fintech.Saudi Arabia