QFC, Doha Bank Forge Fintech Partnership in Qatar
▼ Summary
– The Qatar Financial Centre and Doha Bank signed an MoU to accelerate fintech development and digital innovation in Qatar’s financial ecosystem.
– The partnership establishes a framework for joint research, prototype development, and innovative financial solutions to grow Qatar’s fintech and digital asset sectors.
– An engagement program with quarterly meetings, workshops, and knowledge-sharing sessions will be launched to identify opportunities and sustain fintech advancement.
– The QFC CEO stated the partnership will strengthen Qatar’s position as a regional hub for fintech and digital assets by empowering firms to grow confidently.
– Doha Bank’s Group CEO emphasized that collaboration is essential to keep pace with global financial technology changes and create an inclusive ecosystem in Qatar.
A new strategic alliance between the Qatar Financial Centre (QFC) and Doha Bank is set to significantly boost the development of financial technology and digital innovation across Qatar. This memorandum of understanding establishes a powerful framework designed to stimulate growth in the fintech and digital asset sectors, combining resources for joint research, prototype development, and the rollout of advanced financial solutions. The partnership will also actively support emerging fintech startups by offering technical advice, streamlining account setup procedures, and encouraging secure banking collaborations.
To ensure continuous progress, the two organizations will implement a structured engagement program. This initiative will include regular quarterly meetings, collaborative workshops, and dedicated knowledge-exchange sessions. These activities are intended to uncover new opportunities and maintain the forward momentum of Qatar’s fintech evolution.
Yousuf Mohamed Al-Jaida, Chief Executive Officer of QFC Authority, highlighted that the collaboration will reinforce Qatar’s standing as a regional hub for fintech. He stated, “By joining forces, we are laying the groundwork for innovation that allows fintech companies to expand with assurance and help define the future direction of financial services.”
Echoing this sentiment, Sheikh Abdulrahman bin Fahad bin Faisal Al-Thani, Group CEO of Doha Bank, stressed the importance of cooperation in keeping up with worldwide shifts in financial technology. He remarked, “This agreement demonstrates our mutual dedication to fostering innovation and building a supportive, inclusive environment for financial technologies within Qatar.”
This partnership represents a major milestone in Qatar’s ongoing financial transformation. It aligns seamlessly with the country’s wider strategic goals to emerge as a leading fintech hub and a catalyst for digital economic expansion throughout the region.
(Source: MEA Tech Watch)
