Here are all the reasons why FinTech startups flew all the way to Amsterdam for the Money 20/20 event!

Thursday, 14 June 2018

Picture this, an event that brings together the world’s most prominent FinTech individuals and entities, with more than 1,500 participating companies from 80 countries around the world with one goal in mind which is; to build the future of money.

The Money 20/20 event took place last week (June 4–6) in Amsterdam. It witnessed iconic leaders representing all aspects of the FinTech sector. With a variety of FinTech powered services and innovation integrated through mobile, retail, marketing services, data and technology, and more.

A group of Bahraini delegates from the Bahrain Economic Development Board (EDB), Almaqabi, eAuditchain, National Bank of Bahrain(NBB), FinTech Consortium and 01Systems, participated in the astonishing event.

But why do FinTech based companies and startups fly across the world to attend the Money 20/20 event in the first place? We’ve spoken to the CEO of the region’s largest FinTech hub, Bahrain FinTech Bay(BFB), Khalid Saad, Head of Marketing and Conferences of Bahrain FinTech Bay, Ali Abdulla and the Founder of Almaqabi; Ahmed AlMaqabi to share their reasons why.

  1. Sneak peek on the latest and future innovation.

Companies and startups got hand’s on with the world’s innovative FinTech products and services, latest disruptions and trends shared by the world’s novel FinTech leaders.

  1. Endless business opportunities.

There were tons of opportunities to network with the industry’s sharp-witted visionaries and experts. Ahmed said, “We initiated talks for potential future partnerships in the blockchain scene; in fact, we scheduled a meeting with them next week.” We met with officials from various jurisdictions to learn what they had to offer for startups for future expansions”.

  1. Raise brand awareness.

Exhibiting companies and startups got to showcase their products and services. In fact, they chose events like Money 20/20 to make huge announcements on their latest product and services. The Bahraini delegates met with investors that were interested in Middle East’s future in FinTech.

“Our objectives in joining Money20/20 were to explore international partnerships, attract companies to establish themselves regionally with Bahrain as their base, and promote our FinTech Ecosystem Report, the first one to be launched for the Kingdom of Bahrain”, said Ali Abdulla.

“Our main goal was to convey our vision with FinTech and Innovation leaders”, added Almaqabi.

CEO of Bahrain FinTech Bay Khalid Saad said, “Money 20/20 Europe was a fantastic platform to showcase Bahrain to the world and to position the country as the leading FinTech Hub”.

Did you read this month’s exclusive feature with CEO of Bahrain FinTech Bay, Khalid Saad? Then click here to read all about it.

 

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