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  1. Mubasher News
  2. Huawei Cloud acts as empowering tool for businesses in Saudi fintech scene: VP

Huawei Cloud acts as empowering tool for businesses in Saudi fintech scene: VP

GHADA.ISMAIL
Sep 9, 2024
Huawei Cloud launched a fintech program in cooperation with Fintech Saudi to support the growth of businesses working in this field

Riyadh – Sharikat Mubasher: Abdulaziz Alotaibi, Vice President at Huawei Cloud Saudi Arabia told Sharikat Mubasher that Huawei Cloud has a critical role to play in the Saudi Fintech scene since it will act as an empowering tool for businesses involved in this field.

On the Sidelines of the 24 Fintech Exhibition, held in Riyadh city from the 3rd to the 5th of September, Alotaibi added that his company launched a fintech program in cooperation with Fintech Saudi two weeks ago.

Alotaibi added that this program provides the essential components necessary for supporting the growth of businesses within this vital sector such as high-quality databases and AI-powered e-platforms that shall contain this enormous amount of data.

Alotaibi further added that Huawei Cloud and its partners, being a part of the Saudi market shall back up, not only the fintech market but also the digital economy, which aligns with the objectives of Saudi Arabia’s Vision 2030.

24 Fintech is a premier fintech event that took place in Riyadh from 3 to 5 September with the participation of over 300 exhibitors and more than 350 investors.

It gathered regulatory bodies, policymakers, investors, technology experts, and industry leaders from around the world to discuss several topics, including, fintech regulation and governance, artificial intelligence and machine learning in financial operations, financial inclusion, cybersecurity and big data, embedded finance, and more.

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