QFC to continue creating platforms for fintech sector, official tells Netherlands conference


Hoogendoorn (right) and ElSadiq AlFatih Hamour, director of Financial Institutions, Financial Sector Office, QFC; at the Netherlands summit.

The Qatar Financial Center (QFC) will continue to create platforms for the financial services sector as part of its efforts to create a vibrant ecosystem for the fintechs, according to its top official. “The QFC will continue to create platform for the financial services community where strategies that lead to a sustainable business growth are initiated,” Henk Jan Hoogendoorn, managing director, Financial Sector Office, QFC, told a global conference ‘Money 20/20 Europe’ in the Netherlands. Addressing networking event, which saw the attendance of 25 C-level executives from the world’s top Fintech and Venture Capital firms, he said technology has been evolving at an exponential rate and the financial service sector has perhaps bore the impact of this rapid growth more than any other industry, transforming the sector’s business ecosystem at an accelerating pace.

“These developments pose both benefits and challenges, which we discussed during our networking dinner with leaders in the industry,” he said. Money 20/20 convened the leaders in the fintech industry, decision makers building the future of money, and over 6,000 people from the financial services community worldwide. The three-day event saw more than 300 speakers with case study presentations, panel discussions and workshops surrounding a plethora of financial-related topics. QFC participated in the event in association with B-Hive and Fintech Power 50.“The Middle East is an area where there are great opportunities for fintech especially around financial inclusion of the under-banked,” according to Jason Williams, Founder, Fintech Power 50. Wim de Waele, CEO, B-Hive Europe said the event would open the door to new collaborations in the growing fintech sector.

Sources and photo-credits: Gulf Times