21 Feb 2021 - 14:21
QNA
Doha: Investors poured US$30.4 billion into fintechs globally in the first nine months of 2020, according to the Qatar Fintech Report 2021 released today by the Qatar Financial Centre and Refinitiv.
Although with the MENA region accounted for less than 1 percent of global investments in 2019, the figures suggest the region is becoming increasingly attractive for investors.
The report highlights the exponential growth of the Global FinTech investments from just under US$ 1 billion in 2008 to an estimated US$34.5 billion by the end of 2019.
Despite jarring global economic uncertainty and financial market volatility brought on by the COVID-19 pandemic, fintech investment levels globally remained relatively stable during the first nine months of 2020. The largest investments were in payments, securing a quarter of VC funding, followed by digital banking and capital market solutions. Qatar s current strategic FinTech interests are closely aligned to these o
QNA Doha: Investors poured US$30.4 billion into fintechs globally in the first nine months of 2020, according to the Qatar Fintech Report 2021 released today by the Qatar Financial Centre and Refinitiv.
19 Jan 2021 - 8:08
The Peninsula
Doha: The Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has announced a significant increase of 63.7 percent in the number of new firms licensed on the QFC platform in 2020, compared to 2019. The QFC registered 334 firms in the year to December 31, 2020, compared to almost 200 firms registered over the same period in 2019.
Ending the year on a high note, the QFC maintained its business growth for the 8th consecutive year, despite the unprecedented global economic slowdown as a result of the COVID-19 pandemic.
The expansion of the QFC-registered firms, which represents a variety of industries, both financial and non-financial services, included a record increase of 139.5 percent in the digital sector. Given the tremendous opportunities that emerged in the technology and digital sectors amid the COVID-19 outbreak, and backed by the QFC’s fintech services provider license, the platform welcomed
Role of FinTech in economic recovery highlighted
24 Dec 2020 - 9:28
Yousuf Mohamed Al Jaida, Chief Executive Officer at QFC Authority and Arnaud De Bresson, Chairman at WAIFC.
The Peninsula
Doha: The World Alliance of International Financial Centers (WAIFC) has released a comprehensive report entitled, ‘Innovation and FinTechs in a Post-Pandemic World,’ highlighting the significant role that innovation and financial technology (FinTech) play in the global economic recovery from the COVID-19 pandemic.
The report seeks to provide a pathway toward sustainable financial innovation development by delving deeper into how the COVID-19 crisis has reshaped financial innovation. It also explores the rise of new technologies and an accelerated phase of digitalisation across the industry, as well as in what ways the FinTech industry will help in overcoming the current phase of economic uncertainty as the world prepares for a holistic recovery.