At the Abu Dhabi Fintech Festival, which took place in Abu Dhabi, UAE, from 21 - 23 October 2019, the Geneva Fintech Association and MENA Fintech Association signed a Memorandum of Understanding (MOU).
This partnership aims to build a bridge between two regions that are at the cutting-edge of the growing field of Fintech.
GFA and MFTA share the goals of promoting the development of new technologies in the field of Fintech, supporting and developing education on these new technologies and connecting various international actors in this eco-system. By organizing workshops, conferences or round table discussions, the alliance positions both associations as an umbrella accessible to as many people as possible across both regions and beyond.
Sébastien Flak, President of the GFA and Director of Fintech Solutions at Geneva Management Group (GMG) says: “The GFA and the city of Geneva have been exceptionally proactive when it comes to working to develop, educate and build relationships with key local and global Fintech players. Combining forces with MENA Fintech will allow for a growing global conversation, with the ultimate aim of staying ahead of the curve in this new and exciting era for the world of Finance”.
Nameer Khan, Chairman of the MFTA: “The UAE’s development over the last decades has been nothing short of phenomenal. MENA Fintech is a natural extension of the development plan for the region and partnering with the GFA, with roots in finance going back hundreds of years, is indeed an exciting development. With our finalized plans with GFA with core focus on enablement and creating to what we call a Fintech Trade Bridge we look forward to what we expect to be a fruitful and game changing partnership by setting new precedents.”
As a first event, the partner associations have agreed to set up a TOKEN NIGHT in Geneva in Q1 2020. This will be based on the same model as the renowned TOKEN NIGHTS organised in the MENA region which attract entrepreneurs, startups and Fintech experts who all share valuable insights about new and emerging trends in Fintech.
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