The Bank Albilad FinTech Hackathon has successfully concluded, marking a significant milestone in Saudi Arabia’s journey of national innovation in financial technology. The event, which drew widespread participation from university students, culminated in the selection of 28 high-quality final projects from an initial pool of over 180 innovative ideas.
A Showcase Of Emerging FinTech Talent
The hackathon served as a powerful platform for the nation’s youth, demonstrating their passion and capability in the FinTech sector. The competition began with more than 180 concepts submitted by ambitious university students from across the Kingdom. This large number of initial entries was carefully narrowed down to 28 final projects, reflecting the high caliber of talent poised to shape the future of Saudi FinTech.
Powered By Strategic Ecosystem Partnerships
The success of the hackathon was underscored by the seamless collaboration between key public and private sector entities. The event received prominent support from Yazeed Al-Nafjan, the Deputy for Financial Innovation at the Saudi Central Bank (SAMA), whose presence reinforced the value of innovation in the sector.
Bank Albilad, represented by First Vice President Bashaar AlQunaibit, provided crucial sponsorship and support for the initiative. The organizational efforts were co-led by the team at Fintech Saudi, who were commended for their professional and energetic management of the ecosystem-focused event. Furthermore, the Small and Medium Enterprises General Authority (Monshaat) played a vital role, with backing from Saud Alsabhan, Deputy Governor for the Entrepreneurship Sector, and Shatha Alsaeed, General Manager of Entrepreneurship Planning.
About Bank Albilad
Bank Albilad is a Saudi joint stock company established under Royal Decree, providing a wide range of Sharia-compliant banking and financial services across Saudi Arabia. The bank serves both individual and corporate clients through an extensive network of branches and digital channels, with a focus on innovation and contributing to the Kingdom’s economic development.
Source: LinkedIn
