The Banking Executive Magazine - September Issue 2022

Tabadul, Fintech Saudi SIGN MOU TO LAUNCH JOINT PROJECTS Saudi Electronic Info Exchange Com- pany (Tabadul), a leading provider of innovative digital and smart financial services, has signed a memorandum of understanding (MoU) with Fintech Saudi initiative in Riyadh. The MoU will strengthen collabora- tion between the two parties to launch joint projects to support the fintech industry in line with Saudi Vi- sion 2030. The MoU was signed by Feher Al- shareif, Tabadul’s Chief Strategy & In- novation Officer, and Nezar Alhaidar, Fintech Hub Manager at Fintech Saudi. It aims to support fin- tech startups and scale up their capa- bilities in the logistics sector and unveil initiatives to scale up the king- dom’s fintech industry. Alshareif said: “This MoU cements Tabadul’s position and contrinutes to increasing the adoption of our fin- tech solutions for the logistics sector through multiple fintech channels in collaboration with our strategic part- ners at Fintech Saudi. This also sup- ports our goal of becoming the leading provider of integrated digital logistics solutions in the Kingdom and one of the top digital logistics providers globally.” Alhaidar said: “At Saudi Fintech, we are creating an ecosystem that brings together creative entrepreneurs and prepares fintech companies to design and deliver innovative solutions that would elevate logistics services in line with the objectives of the Finan- cial Sector Development Program and the National Industrial Develop- ment and Logistics Program.” As per the MoU, the two parties will collaborate to build and develop a convenient fintech ecosystem and raise awareness of the industry. The two parties will launch mutual proj- ects and initiatives and create new opportunities for entrepreneurs to de- velop their businesses and products. They will also scale up cooperation and exchange expertise to serve their common goals and outline a clear framework for their collaboration, said the statement. the BANKING EXECUTIVE 32 ISSUE 165 SEPTEMBER 2022