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ADGM-based FinaMaze Selected as Part of the Fintech Saudi Regulatory Accelerator Program

Apr 12, 2022 04:36 IST 
Abu Dhabi, United Arab Emirates
  • The UAE asset management firm is set to extend its use of innovative financial solutions in the Saudi Fintech ecosystem to the benefit of investors.

  • FinaMaze, by being part of the Fintech Saudi Regulatory Accelerator Program will add value to the very vibrant and thriving Fintech hub of the Gulf country.

 

After establishing itself as an innovative asset management firm in the UAE under the regulation of ADGM, FinaMaze is set to enter the Saudi Arabian financial market to propagate financial innovation across the region.

 

https://www.newsvoir.ae/images/article/image1/826_FinaMaze%20Founder%20Mehdi%20Picture.jpg

Mehdi Fichtali, CEO and Founder of FinaMaze

 

FinaMaze’s expansion to Saudi Arabia takes place under the selective Fintech Saudi Regulatory Accelerator Program. Governed by a committee consisting of the Saudi Arabian Monetary Authority and the Capital Market Authority, Fintech Saudi is an initiative under the Kingdom’s Financial Sector Development Program as part of the Saudi Vision 2030.

 

With this latest selection, FinaMaze is set to be part of Fintech Saudi’s ecosystem which develops initiatives that support and encourage the growth of its industry within the country, spreads fintech awareness, as well as organizes events that promote networking opportunities to support the development of the fintech community.

 

Fintech Saudi also seeks to achieve its aim of transforming Saudi into a thriving fintech hub by supporting the development of the infrastructure required for growth of the fintech industry, building capability and talent required by fintech companies, and supporting fintech entrepreneurs at every stage of their development.

 

FinaMaze has carved a niche for itself as a disruptor that uses innovative solutions in providing powerful, cost-effective and highly-customized smartfolios to the benefit of investors; and so, there is no question about the value addition that the wealth management advisory is set to add to the Saudi Fintech ecosystem.

 

After our development in the Abu Dhabi Global Market (ADGM), FinaMaze grows beyond the borders! In Saudi Arabia, we will develop our strategic presence under the guidance of the selective fintech Fintech Saudi and the Capital Market Authority," said Mehdi Fichtali, CEO and Founder of FinaMaze concerning the asset management firm’s latest milestone.

 

The Kingdom’s fintech market is expected to reach transaction values of more than USD 33 billion by 2026 and the market is expected to grow annually by 15% according to regional data available. In this context, FinaMaze’s expansion brings the latest AI innovation to the ecosystem, opening access to investments to the Saudi investors.


For more information about FinaMaze’s innovative investment products, kindly contact +971 58 538 8757 or email support@finamaze.com.

 

About Fintech Saudi

In partnership with the Capital Market Authority, Fintech Saudi was launched by the Saudi Central Bank in April 2018 to act as a catalyst for the development of financial services technology industry in Saudi Arabia.


Fintech Saudi exists to transform Saudi Arabia into an innovative fintech hub with a thriving and responsible ecosystem; and so far, has made an impact on over 25,000 businesses including startups.


For more information about Fintech Saudi, kindly visit their website

 

About FinaMaze Group 
Regulated by the Financial Services Regulatory Authority in the ADGM, inspired by Nobel Prize-winning academics, FinaMaze is the MENA’s Hybrid human/robo digital wealth manager. FinaMaze is committed to solving long-standing challenges of the investment industry in the region and beyond.


Teaming powerful AI with Data Scientists, Quantitative Finance and Software Engineers, FinaMaze connects machine learning with human behavioral science to provide personalized investment solutions.


Visit FinaMaze’s website for more information.


 
 
Mehdi Fichtali, CEO and Founder of FinaMaze
Mehdi Fichtali, CEO and Founder of FinaMaze
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