Qatari and Swedish entities specialising in financial technology (fintech) have signed a memorandum of understanding (MoU) that aims to contribute to the development of fintech-related co-operation between Qatar and Sweden.
This was announced in a statement Sunday by Qatar Development Bank (QDB), which reported that a new community partnership was signed between Qatar Fintech Hub and Findec, Sweden’s hub for fintech.
According to the statement, the MoU was signed by QDB CEO Abdulaziz bin Nasser al-Khalifa, who is chairman of the Qatar National Fintech Task Force, and Anders Norlin, chief executive officer of Findec.
The partnership aims to develop all fintech-related industry co-operation between Qatar and Sweden, introducing several measures that will strengthen mutual initiatives and knowledge exchange between the two countries.
Al-Khalifa said, “We are pleased to welcome Findec as a new global partner of Qatar Fintech Hub. This is a significant achievement that demonstrates our commitment to building and developing a co-operative relationship between fintech ecosystems in Qatar and Sweden, a partnership that will give Qatari and Swedish fintech startups access to both markets.”
Mats Holmfeldt, co-founder and chairman of Findec, said, “International partnerships and collaborations between hubs are vital to the global fintech ecosystem. Findec is proud to partner with Qatar Fintech Hub to foster collaboration between the two markets.”
Qatar Fintech Hub supports the development of the fintech industry in the state of Qatar. The objectives of hub are to facilitate collaboration among participants and stakeholders of the fintech ecosystem and to develop impactful local and global relationships that will serve the vision of Qatar Fintech Hub.
Findec is a hub embracing the whole Swedish fintech scene. Besides an extensive digital community platform, regular meet-ups and international initiatives, Findec will run targeted business development programmes in close collaboration with Nordea and other partners. Findec currently has over 100 members and expects to grow to over 200 members by 2020.