Qatar Development Bank Announces Global Partnership of Qatar FinTech Hub

Qatar Development Bank (QDB) has officially announced signing a memorandum of Understanding (MoU) outlining new community partnership between its Qatar FinTech Hub and Findec, the Swedish hub for fintechs.

The MoU was signed by Chief Executive Officer of Qatar Development Bank Chairman of Qatar National FinTech Task Force Abdulaziz bin Nasser Al Khalifa, and Chief Executive Officer of Findec Anders Norlin.

The partnership aims to develop all FinTech-related industry cooperation between Qatar and Sweden, introducing several measures that will strengthen mutual initiatives and knowledge exchange between the two countries.

Abdulaziz bin Nasser Al Khalifa, commented saying: “We are pleased to welcome Findec as a new global partner of Qatar FinTech Hub. This is a significant achievement that demonstrates our commitment to building and developing a cooperative relationship between FinTech ecosystems in Qatar and Sweden, a partnership that will give Qatari and Swedish Fintech startups access to both markets.”

“International partnerships and collaborations between hubs are vital to the global fintech ecosystem. Findec is proud to partner with Qatar Fintech Hub to foster collaboration between the two markets.”

For his part, Co-Founder and Chairman of Findec Mats Holmfeldt said:

Qatar FinTech Hub is the global FinTech Hub with a purpose to support the development of the FinTech industry in the State of Qatar. The objectives of hub are to facilitate collaboration among participants and stakeholders of the FinTech ecosystem and to develop impactful local and global relationships that will serve the vision of Qatar FinTech Hub.

Findec is a hub embracing the whole Swedish Fintech scene. Besides an extensive digital community platform, regular meet-ups and international initiatives, Findec will run targeted business development programs in close collaboration with Nordea and other partners. Findec currently has over 100 members and expects to grow to over 200 members by 2020.