Sustainable fintech growth will boost financial services and the GCC’s overall ambitions of economic diversification and increased innovation, according to Strategy& Middle East, part of the PwC network.
The number of fintech hubs in the GCC has risen from just one in 2018 to four in 2022 and the volume of late-stage funding rounds has almost doubled in the last five years
But the region cannot afford to rest on its laurels and must build on the momentum by encouraging fintech entrepreneurs, accelerating and easing access to venture capital (VC), and forming new strategies to resolve the growing digital talent shortage .
&uuid=(email))