Switching to the Satoshi standard and Lightning Network connectivity makes Bitcoin more tangible and easy to use. AAX has made the first move in the crypto space, already providing BTC to SAT
BridgeWise Partners with X to Deliver Institutional-Grade Social Sentiment for Global Markets
BridgeWise, the global leader in AI for wealth, today announced a unique strategic partnership with X to provide investors, financial institutions, and quantitative funds worldwide with social sentiment analysis for thousands of securities, using state-of-the-art specialized algorithms to deliver real-time risk factors and alpha support. This collaboration integrates X’s unparalleled global data stream directly into the BridgeWise intelligence engine, transforming the world’s most active financial conversations into structured, actionable signals for investors.
The partnership centers on an API-driven integration where BridgeWise’s wealth-native AI analyzes X’s unstructured data to generate “SentimentWise” insights. By applying the proprietary S-Factor™ framework, bolstered by BridgeWise’s recent acquisition of Context Analytics, the system filters out the static inherent in social media to provide clear sentiment scores for thousands of global stocks and alternative assets.
By unifying X’s real-time feeds with BridgeWise’s vertically integrated AI platform, the partnership addresses modern wealth intelligence needs, capturing the “wisdom of the crowd” with the transparency and explainability required by top financial institutions.
Gaby Diamant, Co-founder and CEO of BridgeWise, said:
“Markets move on more than just numbers; they move on what people are saying, thinking, and feeling in the moment. By plugging X’s data stream into our engine alongside our deep fundamental and technical analysis, we’re helping our clients cut through the noise to see what actually matters. With this partnership, we are taking the world’s biggest conversation and turning it into a quantifiable tool that helps investors make better decisions with total clarity.
BridgeWise is proud to provide a fully verticalized solution that offers full-scope intelligence on every traded security, from fundamental and quantitative analysis to real-time sentiment intelligence. “
Christopher Park, Director & Global Lead of Developer Platform at X, commented:
“X is the world’s leading platform for real-time financial conversation; by enabling BridgeWise to analyze our feeds through this API integration, we are empowering their clients to leverage the power of the ‘Everything App’ directly within institutional workflows and rigorous trading environments.”
Through this integration, BridgeWise clients, including top global hedge funds and quant funds, can now access a 360-degree view of the market. The SentimentWise solution, alongside the company’s complete asset analysis suite, allows institutions to monitor sudden shifts in investor mood and identify emerging trends before they hit the mainstream. It ensures that even in highly regulated environments, institutions can leverage alternative data with full auditability and oversight.
Goldman Sachs withdraws Anthropic AI access for Hong Kong bankers, report says
Goldman Sachs has removed access to Anthropic’s AI models for its banking staff in Hong Kong, reported Reuters citing a source with direct knowledge of the matter.
The source said employees in Hong Kong had previously been able to use Anthropic’s Claude model through an internal AI platform, but that access has been unavailable in recent weeks.
The Financial Times first reported the change, citing people familiar with the situation.
According to the FT, Goldman took the step after adopting a strict reading of its contract with Anthropic following consultations with the AI company.
The newspaper said the bank concluded its Hong Kong employees should not be permitted to use Anthropic products.
The Reuters source said other widely used AI models, including Gemini and ChatGPT, remained accessible on the bank’s internal platform.
Anthropic’s latest AI model, Mythos, has attracted attention from global banks and financial regulators because of concerns about possible risks to banking systems.
Reuters reported last week that the Hong Kong Monetary Authority said some lenders were considering extra safeguards in response to changing cyber security threats linked to advanced AI models.
Reuters said it could not verify whether other banks or companies had also restricted access in Hong Kong.
Hong Kong does not currently appear on Anthropic’s list of markets where its API and Claude.ai are officially available, according to the company’s disclosures.
The move comes against a backdrop of growing friction between the US and China over AI technology, data security and access to high-end computing tools.
Although AI models such as ChatGPT and Claude, developed by US companies, are banned in mainland China, Hong Kong has largely remained outside those restrictions, with access limits determined by the US companies themselves.
An Anthropic spokesperson told the FT that its Claude models had never been officially “supported” in Hong Kong, while declining to comment further.
Several major AI groups have raised concerns that their models could be used by Chinese competitors for training purposes.
In 2024, OpenAI restricted traffic from China to its application programming interface, which developers use to incorporate its AI models into other products.
Zest ADGM Entity Appoints Zeid Barghouti as Senior Executive Officer
Barghouti, Head of Business Development and Partnerships at Zest Equity, will also lead the firm’s ADGM-based entity as Zest scales its regulated products and continues to scale its transaction infrastructure across private markets.
Zest Equity, a digital transactional infrastructure company powering private-market transactions, today announced the appointment of Zeid Barghouti as Senior Executive Officer of its FSRA-regulated entity, ZE Transaction Solutions Limited (“Zest ADGM”).
Barghouti, Senior Executive Officer of the ADGM-based entity since its inception, leads business development and partnerships at Zest Equity, driving commercial growth across the firm’s SPV platform and overseeing the regulated entity through which the firm’s escrow and arranging services are delivered from the ADGM.
As Head of Business Development and Partnerships, Barghouti leads commercial growth across Zest Equity as a group, with responsibility for strategic partnerships, client relationships, and market expansion across MENA. In his new role as Senior Executive Officer, he oversees Zest ADGM and will support the continued development of its escrow and transaction facilitation solutions for private markets.
Barghouti brings an established record in regulated financial services across the Gulf region. Prior to Zest Equity, he served as Senior Executive Officer at Capital Investments DIFC Ltd, and held senior treasury and financial institutions roles within Capital Bank Group. He holds an MBA from the University of Manchester and a BSc in Business Management from the University of Surrey.
The appointment reflects Zest Equity’s commitment to building institutional-grade leadership as the company scales its digital transactional infrastructure across private markets. Since its founding, Zest Equity as a group has digitized more than USD 230 million in transactions across over 200 deals, and has received authorisation from the FSRA for Zest ADGM to offer both its Zest Arrange and Zest Escrow products.
“Zeid has been instrumental to the commercial development of Zest Equity, and the regulatory remit he now assumes is the natural next step as we scale the digital infrastructure underpinning private-market transactions,” said Zuhair Shamma, Co-founder and CEO of Zest Equity. “His combination of regulatory experience and commercial acumen is exactly what this stage of the business demands. His leadership will be central as we scale the institutional infrastructure private markets require.”
“Zest Equity occupies a distinctive position in the regional private markets landscape and Zest is a genuine foundation for institutional growth in the region’s private markets,” said Barghouti. “I look forward to contributing further to its development and to the firm’s broader commercial expansion across the region’s private-market ecosystem.”
Zest ADGM is regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market, and delivers the firm’s payment services and arranging deals in investment services to clients across MENA and beyond.
Global Finance & Technology Network (GFTN) Announces Board of Directors
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The Global Finance & Technology Network (GFTN) announced today its Board of Directors and International Advisory Board.
The Board of Directors will be responsible for governance and oversight of GFTN, whose mission is to harness technology and foster innovation through global partnerships for more efficient, resilient, and inclusive financial ecosystems.
Ravi Menon, Ambassador (Climate Action), Singapore, and former Managing Director, Monetary Authority of Singapore (MAS), chairs the GFTN Board of Directors, and is joined by two Deputy Chairs:
- Leong Sing Chiong, Deputy Managing Director, Monetary Authority of Singapore
- Neil Parekh, Nominated Member of Parliament, Singapore; Non-Executive Chairman, Tikehau Capital
Members of the Board of Directors:
- Iqbal Jumabhoy, Chief Executive Officer, ProsperCap Corporation Limited
- Professor Lam Khin Yong, Vice President (Industry), Nanyang Technological University Singapore; Senior Advisor to Hungarian Minister of Culture and Innovation
- Andrew Lim, Partner, Allen & Gledhill
- Jessica Tan, Group Executive Vice President and President, Sunlife Canada
- Sopnendu Mohanty, Group Chief Executive Officer – Designate, GFTN; Chief FinTech Officer, Monetary Authority of Singapore
GTFN’s Board of Directors will be guided by an International Advisory Board, comprising distinguished public and private sector leaders with a demonstrated commitment to the public interest.
Members of the International Advisory Board include:
- Dominic Barton, Chairman, LeapFrog Investments; Chairman, Rio Tinto; former Global Managing Partner, McKinsey & Company
- Hon. Paula Ingabire, Minister of ICT and Innovation, Republic of Rwanda
- Eric Jing, Chairman and Chief Executive Officer, Ant Group; Chairman, Ant International
- Dr Patrick Njoroge, former Governor, Central Bank of Kenya
- Dr Veerathai Santiprabhob, former Governor, Bank of Thailand
- Dr Axel Weber, Advisor, Raisin; former Chairman of the Board, UBS Group AG; former President, Deutsche Bundesbank
“I am honoured to be joined by an outstanding group of individuals on the Board of Directors and International Advisory Board. I look forward to welcoming more members to both the Board of Directors and the International Advisory Board as we expand GFTN’s work in harnessing innovation in financial ecosystems to create economic opportunity, strengthen resilience, improve people’s lives, and secure a more inclusive and sustainable future for all,” shared Mr Menon.
Singapore FinTech Festival’s Big Moment, Interrupted by U.S. Elections
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As the Singapore FinTech Festival (SFF) kicked off its ninth edition, it’s hard to ignore the juxtaposition of two global events: the world’s largest fintech gathering and the outcome of the U.S. presidential election. While SFF 2024 promises to push the boundaries of financial technology with a focus on artificial intelligence (AI) and quantum computing, its moment in the spotlight is inevitably dimmed by the political theater unfolding across the Pacific.
For all its promise, this year’s SFF is a case study in how even the most future-focused industries remain tethered to the geopolitical realities of today.
The Tech Show Must Go On
Let’s be clear: SFF is a powerhouse event. With over 900 speakers and 600 exhibitors, it has evolved into a global platform where fintech heavyweights converge to debate everything from AI ethics to the future of digital assets. This year’s agenda reads like a playbook for the future of finance—quantum technologies poised to revolutionize cryptography, AI-driven models promising hyper-personalized banking, and green finance solutions aimed at decarbonizing the industry.
Yet, as Sopnendu Mohanty of the Monetary Authority of Singapore aptly put it, innovation doesn’t happen in isolation. The festival serves as a crucible for ideas, but those ideas must contend with the reality of regulatory frameworks, trade policies, and political uncertainties.
And right now, the biggest uncertainty is emanating from Washington.
The Elephant in the Room
The U.S. election results loom large over SFF, not because they’re directly related to fintech, but because of their broader implications for global markets. The financial world thrives on stability and predictability—qualities that have been in short supply amid a polarized U.S. political climate. A shift in administration could alter the regulatory environment for digital assets, impact trade relations, and even sway global attitudes toward central bank digital currencies (CBDCs).
For fintech firms banking on cross-border collaborations and market expansions, the election’s outcome could reshape priorities. Will the U.S. adopt a more collaborative stance on global financial regulations, or will it retreat into protectionism? The answer matters, and it’s likely to be a recurring topic in the corridors of SFF.
FinTech’s Resilience in a Divided World
The irony, of course, is that fintech was born out of disruption. It’s an industry that thrives on solving problems and turning crises into opportunities. Whether it’s building more inclusive financial systems or cracking the code on interoperable payment networks, fintech doesn’t wait for permission from the geopolitical playbook.
Paul Lee of Constellar captured this sentiment when he noted that emerging technologies offer businesses the tools to build resilience. But resilience isn’t just about weathering the storm; it’s about seizing the moment to lead. For Asia, and Singapore in particular, this means doubling down on its role as a hub for fintech innovation, irrespective of external noise.
Why SFF Still Matters
Despite the distraction, SFF remains a vital barometer for the industry’s direction. Its emphasis on AI and quantum computing signals a clear pivot toward technologies that promise exponential change. These aren’t just buzzwords—they’re the future backbone of a financial system that will be faster, smarter, and more secure.
What’s more, SFF’s broader themes—sustainability, financial inclusion, and talent development—underscore the industry’s commitment to creating not just a more efficient financial system, but a more equitable one. It’s a reminder that fintech’s true value lies not in its ability to dazzle with new tech, but in its capacity to solve real-world problems.
A World Watching Two Screens
In the end, SFF 2024 will undoubtedly yield its share of headlines and breakthroughs. But for now, attendees and industry watchers alike are juggling two screens: one showcasing the promise of a fintech-powered future, and the other streaming the political drama of the U.S. elections.
The challenge—and opportunity—lies in ensuring that no matter who occupies the White House, the world’s financial ecosystem continues to innovate and thrive. SFF is proof that even in uncertain times, the future of finance waits for no one.
Hong Kong FinTech Week 2024 Poised to Draw 30,000 Attendees
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Hong Kong is gearing up to host the ninth edition of its flagship event, Hong Kong FinTech Week (HKFW), from October 28 to November 1, 2024. This year’s conference, themed “Illuminating New Pathways in Fintech,” is designed to reinforce the city’s status as a premier global finance and fintech hub.
Organized by InvestHK and the Financial Services and the Treasury Bureau in collaboration with the Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), and Insurance Authority (IA), HKFW is projected to attract over 30,000 attendees from more than 100 economies, underscoring its international reach and influence.
Set at the Hong Kong AsiaWorld-Expo from October 28-29, the main conference will spotlight fintech’s latest advancements, with a notable emphasis on artificial intelligence (AI). Hong Kong’s rapid adoption of generative AI in finance has outpaced global standards, positioning the city as a key player in tech-enabled financial services.
Mainland China’s tech giants are expected to make a strong showing, highlighting Hong Kong’s role as a “super connector” linking markets across ASEAN and the Middle East. The event will feature eight themed forums covering topics such as AI, blockchain, digital assets, and green finance.
A key highlight will be the Global Fast Track programme, designed to provide fintech startups a platform to connect with potential investors and partners. This year’s programme attracted over 500 applications from 56 economies, culminating in live pitches that will showcase cutting-edge fintech solutions.
Beyond the core conference, HKFW 2024 will host a series of community events, including a tour of the Greater Bay Area and Hong Kong’s first-ever Web3x3 basketball tournament. Set to launch on October 26-27 at Kwun Tong City Centre Free Space and Playground, with finals at AsiaWorld-Expo on October 29, the tournament will see finance, technology, and Web 3.0 professionals compete under FIBA 3×3 rules, with teams required to include at least one female player. Part of the entry fees will benefit InspiringHK, a charity dedicated to supporting underprivileged children in Hong Kong.
Hong Kong’s financial leadership remains undisputed. The city ranks third globally in the latest Global Financial Centres Index and first in the Asia Pacific region. In fintech, Hong Kong jumped five places to ninth, underscoring its position among the world’s top 10 fintech hubs. This achievement reflects the concerted efforts of the government, regulators, and industry players to advance the city’s fintech ecosystem.
“With its strategic location and robust financial infrastructure, Hong Kong is poised to lead the next wave of fintech innovation and serve as a ‘super connector’ for the global financial community,” said Christopher Hui, Secretary for Financial Services and the Treasury. “Hong Kong is primed to uncover new pathways to opportunities, leveraging its strengths as a global financial centre.”
Echoing Hui’s sentiment, Alpha Lau, Director-General of Investment Promotion at InvestHK, emphasized the city’s commitment to expanding its fintech ecosystem: “Hong Kong FinTech Week serves as a powerful engine to turn these ambitions into action. It is not just a platform to attract businesses to Hong Kong, but also a bridge to global opportunities. We will continue to promote Hong Kong’s strengths in financial services, innovation, and technology across key markets, including ASEAN and the Middle East.”
M2P Fintech raises $100 million in Series D Financing led by Helios Investment Partners, valuation surpasses $785 million
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Company to focus on new products that will strengthen its market leadership in India and expand operations in MENA and to Africa
M2P Fintech, Asia’s largest Banking infrastructure company, announced today the first close of its Series D financing, raising $100 million through a mix of primary and secondary share capital. The financing was led by Helios Investment Partners and places the company’s valuation at over $785 million. The funds will be utilized to cement M2P’s market leadership in India, besides helping grow its international franchise, particularly in Africa.
The round also saw participation from marquee Banks across Asia, with existing Investor Flourish Ventures doubling down on the company, underscoring strong confidence in M2P’s innovative banking infrastructure, which powers a wide range of financial institutions across the globe.
Strengthening Leadership in Banking Infrastructure
M2P solidified its position as the leading banking infrastructure provider, collaborating with leading consumer technology companies, Banks, NBFCs, and startups to drive innovative fintech solutions. With this investment, M2P is vying to accelerate its growth by enhancing its technology stack, focusing heavily on leveraging artificial intelligence and building out advanced data capabilities that will not only expand M2P’s core offerings but also empower the company to scale its partnerships with financial institutions, delivering cutting-edge financial products and capabilities.
Global Expansion, with Africa in Focus
Over the past few years, M2P has strategically expanded its global footprint, with a strong emphasis on emerging markets. Africa now stands as the company’s next major growth frontier, presenting vast potential due to the continent’s rapidly evolving financial ecosystem. With rising smartphone adoption and the increasing prominence of mobile-led financial services delivery, M2P is well-positioned to capitalize on this opportunity.
By leveraging its robust banking infrastructure, the company aims to deliver seamless “Bank in a Box” solutions alongside digital payments, credit card issuance, and a suite of financial services customized to meet the unique demands of local markets.
The company is also eyeing strategic expansions into select countries in the ASEAN region, besides enhancing its strong presence in the Middle East region, thereby aligning with its vision to build a truly global banking technology infrastructure business.
Madhusudanan R, M2P Fintech CEO s Co-founder, said: “As the world’s largest Banking-as-a-Service provider, this capital infusion will not only reinforce our leadership in India—where we’ve established a robust, comprehensive ecosystem—but also accelerate our ambitious global expansion efforts. Africa, with its rapidly growing digital economy and pressing need for financial inclusion, presents immense potential for fintech innovation. We’re thrilled to partner with Helios, whose deep understanding of the African market, coupled with our powerful platform capabilities, will position us well to deliver on our mission of fostering financial inclusion and innovation.”
Elias Yazbeck, Managing Director, Financial Services and Fintech at Helios Investment Partners, said: “We at Helios are delighted to be providing investment and operational expertise to support M2P’s international expansion, with a strong focus on Africa. Helios has a significant track record in growing fintech and financial services businesses on the continent, and this investment aligns with our strategy to invest in high-growth, tech-focused businesses.”
Karm Legal Consultants Assists Fintech Comera Pay in Securing Regulatory Approvals from the Central Bank of the UAE
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Karm Legal Consultants is pleased to announce that its client, Comera Pay has successfully obtained licenses under both Retail Payment Services Card Schemes Regulation (RPSCS) and Stored Value Facility Regulation (SVF) from the Central Bank of the UAE. These licenses represent a significant milestone for Comera Pay as it prepares to launch a comprehensive range of digital financial services in the UAE.
The team at Karm Legal, comprising Akshata Namjoshi, Ratul Roshan, Vaibhavi Tadwalkar, and Kabir Hastir Kumar, provided strategic legal support and advisory services throughout the application process to Comera Pay. This accomplishment reflects the close collaboration between Comera Pay and Karm Legal, ensuring compliance with the stringent regulatory requirements set by the Central Bank of the UAE.
Comera Pay is set to introduce a diverse portfolio of digital financial solutions designed to cater to both individual consumers and businesses across the UAE. The company’s offerings will include digital wallets, fund transfer services, prepaid cards, virtual IBANs, bill payments, and other innovative financial products for consumers. Businesses will benefit from advanced payment processing solutions, QR code acceptance, multi-currency wallets, B2B transfers, corporate expense cards, and merchant acquiring services.
“Karm Legal Consultants is committed to supporting the development of the fintech sector in the UAE by providing robust legal and regulatory guidance,” said Akshata Namjoshi, Associate Partner at Karm Legal. “We are proud to have supported Comera Pay in obtaining these critical licenses, which will enable them to contribute to the evolving digital financial landscape in the region.”
Comera Pay quote here ‘’We are extremely proud of receiving the RPSCS and SVF licenses issued by the Central Bank of the UAE in such a short period of time. This is a significant milestone for us that opens new opportunities for Comera Pay and for our UAE customers. We had a great experience working with Karm on this application, and the proactive support we received from them’’.
The RPSCS and SVF licenses issued by the Central Bank of the UAE (CBUAE) are essential for companies in the digital payments and financial technology sector. The RPSCS license allows companies to issue cards and acquire and aggregate funds to support merchants and e-commerce players. The SVF license enables companies to issue and manage stored value instruments, such as digital wallets. Both licenses are crucial for companies aiming to operate within the UAE’s secure and innovative digital financial ecosystem.
Dubai Blockchain Center and Cardano Foundation Forge Strategic Partnership to Revolutionize Blockchain Education in the MENA Region
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The Dubai Blockchain Center (DBCC) has entered into a strategic collaboration with the Cardano Foundation, marking a significant step forward in advancing blockchain education and technology adoption across the Middle East and North Africa (MENA) region. This partnership, formalized today, follows the initial announcement at the Dubai TOKEN2049 event and represents a major milestone in bringing together two forces in the blockchain industry.
The agreement sets the stage for an innovative series of educational initiatives, including two masterclasses designed to elevate the understanding and practical application of advanced blockchain technologies among industry professionals. The first of these, titled “Blockchain Technology Fundamentals for Enterprise Enablement,” is scheduled to take place at Emirates Towers in September 2024. This will be followed by a second masterclass during the highly anticipated Cardano Summit on 23-24 October 2024. These sessions will not only cover the core principles of third-generation blockchain but will also delve into its transformative potential for enterprises, particularly in sectors such as supply chain management, digital assets, and climate impact.
The collaboration is particularly notable for integrating the Cardano Academy’s educational resources with DBCC’s training programs and the collaboration is expected to provide unparalleled learning opportunities, equipping participants with the knowledge required to drive blockchain adoption within their organizations.
Dr. Marwan Alzarouni, CEO of Dubai Blockchain Center, expressed his enthusiasm for the partnership, stating, “This collaboration with the Cardano Foundation aligns perfectly with our mission to position Dubai as a global leader in blockchain innovation. By bringing together our expertise and resources, we are poised to deliver world-class education that will empower professionals across the MENA region to harness the full potential of blockchain technology.”
Frederik Gregaard, CEO of the Cardano Foundation, added, “Dubai is increasingly being recognized as one of the leading locations for blockchain technology, with a continued investment in and dedication to the advancement of blockchain utility. By deepening our connections in Dubai and this region, the Cardano Foundation will continue to drive forward the adoption and operational resilience of this key technology.”
This collaboration further solidifies Dubai’s position as a leading hub for blockchain technology and innovation. The Cardano Foundation’s decision to host its annual summit in Dubai for the second consecutive year underscores the city’s growing influence in the global blockchain global ecosystem.
The partnership also offers exclusive opportunities for participants, including vouchers for the Cardano Blockchain Certified Associate Course and chances to win tickets to the Cardano Summit. These incentives aim to foster greater engagement and support the broader goal of advancing blockchain literacy among professionals in the region.
As both organizations look to the future, this partnership promises to deliver lasting impact by nurturing a new generation of blockchain-savvy leaders who will drive the digital transformation across various industries.
For more information and to register your interest for joining, visit https://lu.ma/gy0u0g7b.
QuantumFy Launches in the Middle East and joins Mena Fintech Association
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QuantumFy, a global technology hub, today announced its expansion into the Middle East and its membership in the MENA FinTech Association (MFTA), aimed at driving business growth in the Middle East and North Africa (MENA).
Founded in 2018, the MENA Fintech Association has earned recognition as one of the top 4 fintech groups globally. With a strong presence in the Middle East and Africa, the association has been at the forefront of driving innovation and fostering collaboration in the fintech industry. The MENA FINTECH ASSOCIATION (MFTA) is an inclusive, not-for-profit association that fosters an open dialogue for the MENA Fintech community, shaping the future of financial services in the region.
Aligning with its strategy to extend its reach into new emerging markets, QuantumFy’s collaboration with the MENA Fintech Association is a step towards leveraging its expertise in the region. QuantumFy specializes in tailored banking, payment, and investment technology solutions, and plans to adapt these to meet the specific needs of the Middle East market.
Margit Gulyas, CEO of QuantumFy, shared her thoughts on the expansion: “Entering the Middle East with our partnership with the MENA FinTech Association is a key step in our strategy. We’re looking to bring our technology solutions to a market that’s showing rapid growth in fintech. Our goal is to be more than just a participant; we want to contribute to the region’s fintech development.” As a member of the MFTA, QuantumFy is committed to contributing to the regional fintech ecosystem by offering unique software engineering insights. Our focus is to support digital transformation in sectors such as finance and payments, providing innovative artificial intelligence, system integration platforms, and transaction monitoring for fintechs. This partnership is expected to bolster the development of the entire fintech community, fostering more innovative solutions and projects in the MENA region. Additionally, QuantumFy will take a leading role in the SHIFT Payments and Digital Assets working groups, collaborating with industry peers. We plan to host panel discussions, workshops, and produce reports, all aimed at advancing the industry.
Nameer Khan, Chairman MENA Fintech Association and Founder of FILS stated the following in regards to this partnership,” We are honoured to welcome to Quantum Fy to the MENA fintech community. We believe that our association will provide an invaluable platform for the expansion and growth of their business endeavours in the region. In the current landscape, where digital banking activities and financial services innovation are reaching new heights across the Middle East and Africa, Quantum Fy’s strategic entrance aligns perfectly with the industry’s soaring standards. We are confident that Quantum Fy has chosen the opportune moment to establish its presence in the region, and we eagerly anticipate witnessing the remarkable success that is sure to unfold as a result.”
The move into the Middle East aligns with QuantumFy’s aim to broaden its market presence and respond to the diverse needs of different regions. The MENA Fintech Association, established in 2018, plays an integral role in the fintech industry, connecting various industry players and promoting an environment of growth and innovation.
This partnership marks a significant step for QuantumFy in its efforts to expand its operations and impact in the financial technology sector.