C H E Q U I N G O U T standards for security and compliance in the FinTech industry .
C H E Q U I N G O U T standards for security and compliance in the FinTech industry .
Increased popularity of ESG investments and sustainability
As global attention turns towards sustainable finance , the UAE banking sector has made a bold pledge to mobilise more than AED1 trillion in sustainable financing by 2030 . This ambitious goal demonstrates a strong commitment to redirecting financial practices towards a future that is more environmentally and socially responsible .
Following the sustainability pledges of COP28 , the report anticipates a significant move towards green Blockchains and eco-friendly features within banking applications . It also foresees FinTech firms and banks integrating Environmental ,
Social , and Governance ( ESG ) principles into their products and operations . This aligns well with the increasing worldwide emphasis on sustainable finance .
Access to new markets
Access to new markets has also emerged as a prominent evolving customer preference in the FinTech sector . Customers increasingly seek opportunities to invest and transact in global markets beyond their local borders such as
cryptocurrencies and fractional shares . This preference is driven by factors such as diversification of investments and ease of transactions .
By leveraging technology such as AIdriven lending platforms , Blockchain for secure transactions , and mobile banking apps , FinTech ’ s are empowering SMEs to navigate complexities more efficiently , ultimately fuelling growth and resilience in this crucial sector of the economy . As these FinTech solutions continue to evolve , they promise to reshape the landscape of SME financing , fostering a more dynamic and inclusive business environment .
Expectation of competitive fees and free services
The expectation of competitive fees and free services is a crucial evolving
Yannick Decaumont , Managing Director Mediterranean and Middle East at CREALOGIX
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