The 4th Revive Sharqiya Focuses on Fintech
Endeavor Saudi Arabia, August 19th, 2017 – Saudi entrepreneurs and experts in Fintech discussed the future of technology in financial services during the 4th edition of #ReviveSharqiya meetup. The event was organized by Endeavor Saudi Arabia, Wamda and Global Shapers Khobar Hub, part of the World Economic Forum community, and took place at Al Turki Business Tower in Dhahran. The talk featured participants
The event attracted 70+ active business community leaders, mentors and startup enthusiasts from Saudi Arabia. Guests and attendees joined the discussion during a Q&A session to follow, which included suggestions on best ways to support the growth of Fintech advancements and practices in Saudi Arabia.
The session was skillfully moderated by Trey Geode
head of Portfolio Management at Aramco Entrepreneurship Ventures.
Discussions were around defining Fintech and how it is beyond payment gateways as Abdulaziz Al Jouf
discussed in his comments, also Abdullah Al-Tammami
emphasized that Fintech should be revived in terms of legislation to be integrated with various applications in the kingdom. Jassim Al-Haroon
advised that founders should think beyond the common Fintech sphere and tap into undermined opportunities such as invoices collection streamlining.
Revive is a series of events that take place in different regions of the kingdom and tackles different verticals such as Education, ICT, Media and others through thought-provoking panel discussions
The community event provided a knowledge-sharing platform and allows the audience to participate in highly interactive and engaging sessions. The event invites successful entrepreneurs, leading mentors and advocates from Endeavor’s network locally. The last event took place in Riyadh and discussed Women in Business.
Commenting on the 4th edition of Revive; Bader Alzahrani, Managing Director of Endeavor Saudi Arabia explained why Endeavor selected this topic? “Since there are a lot of advancements worldwide around the blockchain and ease of transactions from the consumer level, local community needs to be aware of the latest technological trends in that aspect and examples of entrepreneurs who are in this scene. Also, since Saudi Arabia has a high internet penetration and consumer base; e-commerce applications will maximize their efficiency if the optimum and reliable Fintech technologies are adopted in their value chain”.
The event also showcased the great partnership between Endeavor Saudi Arabia, part of a worldwide network that supports high-impact entrepreneurs movement, Wamda
and Global Shapers Khobar Hub
. It looked to support the growth of the business ecosystem and help aspiring young businesses grow and learn during a dedicated event.