Fintech in GCC

Importance of Fintech amid COVID-19

Interview with Mr. M.R.Raghu, CEO, Marmore MENA Intelligence Has the role of Fintech become more critical, given the pandemic? With the subsequent waves of the COVID-19 in place, it might take longer than expected for the situation to get back to absolute normalcy. This puts a spotlight on the increasing need for digitisation with Fintech. COVID-19 has certainly fast tracked Fintech adoption, which is very much evident from the data points. According to Mastercard, in MEA region contactless payments has...

Should GCC banks be wary of Fintech entry?

The western countries, especially the US, have adopted technology at a much faster pace than the rest of the world. At present, almost 80% of Fintech investment happens in the US, followed by the UK. Developed markets in the Asia Pacific have also been investing and implementing Fintech solutions in recent times. However, adoption in the GCC is still in its infancy. But with growing awareness, Fintech is slowly breaking ground in the region.   Digital-only banking Digital-only banking is...