Deloitte, the leading global professional services firm, is partnering with Fintech Saudi to foster the growth of emerging companies in Saudi Arabia’s financial technology sector through the Makken Program. Industry sources added that Saudi Fintech is an initiative by the Saudi Central Bank in partnership with the Capital Market Authority, aiming to transform Saudi Arabia into an innovative fintech hub with a thriving and responsible fintech ecosystem.
Makken, meaning Empower, is a program designed to focus entrepreneurs and startups in Saudi Arabia’s fintech industry through financial support and a comprehensive suite of services, including technology, cloud computing, cybersecurity, and more.
In attendance was Mutasem Dajani, Deloitte Middle East CEO who stated, “I am delighted to have attended the launch of Makken, the Kingdom of Saudi Arabia’s game-changing fintech program. We are proud of Deloitte’s partnership with the Saudi Central Bank and Capital Market Authority on this program, fueling the growth of this key sector in the Saudi economy and its ongoing transformation.”
Industry sources added that the program was officially launched earlier this week in Riyadh, with the distinguished attendance of His Excellency the Governor of the Central Bank of Saudi Arabia (SAMA), Mr. Ayman Mohammed Alsayari, and His Excellency the Chairman of the Board of Directors of the Capital Market Authority, Mr. Mohammed Bin Abdullah El-Kuwaiz.
Ali Hamid, Deloitte Middle East Partner, and Cloud Leader for the region said, “The Deloitte OpenCloud Platform will provide Saudi FinTechs with cloud infrastructure that enables rapid delivery to support secure, compliant, scalable, and agile operations, allowing these startups to focus on building their innovate products and services, whilst Deloitte provides the managed services and cyber security controls”
The program was officially launched earlier this week in Riyadh, with the distinguished attendance of His Excellency the Governor of the Central Bank of Saudi Arabia (SAMA), Mr. Ayman Mohammed Alsayari, and His Excellency the Chairman of the Board of Directors of the Capital Market Authority, Mr. Mohammed Bin Abdullah El-Kuwaiz.
