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

user icon
GHADA.ISMAIL
calender icon
Sep 9, 2024
article image

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.


Share

Related News

WUKAD soft-launches its digital application under SAMA license
News
Calendar Icon
June 9, 2026
WUKAD soft-launches its digital application under SAMA license
Read More
Egypt’s Thndr targets Saudi Market entry in 2027 after initial approval
News
Calendar Icon
June 7, 2026
Egypt’s Thndr targets Saudi Market entry in 2027 after initial approval
Read More
Wio Bank, Geidea to bring business banking to SMEs across UAE
News
Calendar Icon
June 4, 2026
Wio Bank, Geidea to bring business banking to SMEs across UAE
Read More
JAK Finance secures consumer finance license from SAMA
News
Calendar Icon
June 2, 2026
JAK Finance secures consumer finance license from SAMA
Read More
SAMA licenses Mowafaqa Platform to offer finance aggregation services
News
Calendar Icon
June 2, 2026
SAMA licenses Mowafaqa Platform to offer finance aggregation services
Read More
Visa launches ‘Agentic Ready Program’ in UAE to advance AI-driven commerce
News
Calendar Icon
May 20, 2026
Visa launches ‘Agentic Ready Program’ in UAE to advance AI-driven commerce
Read More
Mal wins initial regulatory nod for licensed bank
News
Calendar Icon
May 18, 2026
Mal wins initial regulatory nod for licensed bank
Read More
EdfaPay, Recit partner to streamline digital commerce operations in Saudi Arabia
News
Calendar Icon
May 18, 2026
EdfaPay, Recit partner to streamline digital commerce operations in Saudi Arabia
Read More
Drahim receives SAMA license to provide open banking services
News
Calendar Icon
May 11, 2026
Drahim receives SAMA license to provide open banking services
Read More
SAMA greenlights Madark to provide BNPL solutions
News
Calendar Icon
May 10, 2026
SAMA greenlights Madark to provide BNPL solutions
Read More