Regional FinTech community launches to support growth

MENA Fintech Association signs alliances with GIZ for initiatives on financial inclusion

The MENA Fintech Association (MFTA) launch event was attended by fintech leaders from across the industry.
The MENA Fintech Association (MFTA) launch event was attended by fintech leaders from across the industry.

A regional fintech community has formally been launched at the Abu Dhabi Global Market (ADGM).

The MENA Fintech Association (MFTA) launch event was attended by fintech leaders from across the industry, including 22 financial regulators from the MENA region, government representatives, global and regional enterprises and the MFTA community.

Since its inception at last year’s FinTech Abu Dhabi event, MFTA has worked with Arab Monetary Fund to establish a fintech framework. Through its global talent exchange program, in collaboration with corporate members, MFTA also launched their first publication: Regulation Simplified.

At the event, the MENA Fintech Association also signed alliances with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), for strategic initiatives on financial inclusion and developments of financial services in the region, and the American University in Dubai, for specific academic projects and collaboration on ecosystem development initiatives for fintech startups and industry stakeholders, such as partnerships on accelerator programs, curriculum and capacity development.

Additionally, MFTA and Anghami, the music streaming service, have collaborated for an upcoming podcast series dedicated to ‘all things fintech’ in the region.

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