By the end of 2017, fintech investments in the Middle East are expected to have grown by 2.7x. As governments and financial leaders diversify away from a petroleum-based economy, the focus is on fintech.
But who will capitalize on this ecosystem of fintech innovation? Foreign brands like Amazon (who acquired Middle Eastern e-commerce firm, Souq.com, earlier this year), local powerhouses like Kingdom Holding Company (who recently led Uber-esque Careem’s Series E funding) or both?
Either way, the message is clear: Look to the Middle East for fintech investment opportunities, acquisitions, partnerships, inspiration and competition. And there’s no better place to start than Finovate this December.
Finovate’s signature 7-minute demos will remain at the core of FinovateMiddleEast with dozens of companies showcasing their latest fintech innovations live on stage. Here’s the first wave of demoing companies to check out on December 4 and 5:
CASHOFF — A service for collecting and analyzing consumers’ financial data that gives banks complete knowledge about consumers (online banking, PFM, scoring, sales, loyalty).
Dorsum — A chatbot platform that improves the difficulties of customer acquisition for financial institutions.
ebankIT — An omnichannel banking platform that enhances digital transformation for banks and financial institutions.
Everus Technologies — Offers Everus World, a product that fosters fintech challenges, convenience, and public education and awareness for millennials, traders, and gamers.
Innofis — Provides Bank Virtual Assistant, a platform that uses natural language, artificial intelligence, and analytics to create frictionless interaction and sales efficiency.
Moven — A financial wellness platform targeting declining branch revenue for banks around the world.
Munnypot — An automated online solution providing accessible and affordable investment advice for millions of people in the U.K. and overseas.
NymCard — Offers smart mobile technology providing an alternative to the limited capabilities of digital payment products for the banked and underbanked population in MENA.
Ondot Systems — Provides mobile card services supplying financial institutions, card processors and cardholders with mobile applications for credit and debit card control.
Quisk — A payment network breaking up the exclusivity of current mobile payment technologies for anyone with a mobile phone (not just a smartphone).
RISQ — A financial software platform improving the effectiveness of corporate loan acquisition and customer management for commercial banks.
SwipeStox — A social network for stock trading that cuts through the complexity around financial investing for newbie and professional investors.
Wealth Migrate — A global, direct investment platform remedying the lack of direct investment products for middle class, overseas investors.
W.UP — Offers Sales.UP, a digital banking sales and engagement tool that meets financial institutions’ need of customer insights and personalised automated marketing campaigns.
Additional companies will be announced over the next couple months.
Through the expanded Finovate model, the Dubai debut will also feature fast-paced, short-form discussions from industry leaders. Content-driven panels, regulatory perspectives, and world-class keynotes will address themes and topics relevant to the MENA market and broader economy as well.
See the agenda, and stay tuned — new speakers are added weekly.
Save $200 when you register for FinovateMiddleEast by October 26.