Page 10 - BKN301 PR Report - October 2023
P. 10
Fintech in MENA: Interview with BKN301 CEO - TECHx Media
industry. Our chief aim is to provide our clients with the liberty to completely focus
on their core operations while we deliver the technology and knowledge
necessary to advance their nancial service o erings.
TECHx: What are the key trends and challenges currently shaping the
MENA ntech market, and how is BKN301 positioned to address these
challenges and capitalize on the trends?
Numerous trends and challenges are reshaping the ever-evolving ntech sector
in the MENA region. The global is expected to grow at a compound
annual growth rate (CAGR) of 23.41 percent between 2021 and 2026 to reach
USD 324 billion. Furthermore, in the MENA region, the embedded nance sector
is expected to grow at a CAGR of 27.8 per cent from USD 10,359 million in 2022
to USD 39,820 million by 2029, according to the MENA Fintech Association
report.
Factors, including digitalisation, nancial inclusion, cross-border payments, and
the introduction of blockchain and cryptocurrencies, are driving the growth of the
ntech sector. However, this market growth comes with its own fair share of
challenges, such as regulatory complexities, cybersecurity threats, and the need
to sustain customer trust. In light of this, we seek to o er state-of-the-art solutions
to improve nancial services. At BKN301, our focus on payment innovation,
including tokenisation and blockchain technology, aligns with the regional trend
towards digital transformation. Furthermore, our vast knowledge and expertise in
managing regulatory complexities, commitment to providing robust customer
data protection, as well as our strategic partnerships with regional businesses
enable us to o er customized and e cient nancial services. We aim to resolve
the challenges and excel in the constantly evolving MENA ntech sector.
https://techxmedia.com/fintech-in-mena-interview-with-bkn301-ceo/
