Mubasher: The Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, has signed a memorandum of understanding (MoU) with B-Hive, a European collaborative innovation FinTech platform based in Belgium, to develop the financial technology industry (Fintech) in Qatar.
The agreement was signed by Yousuf Mohamed Al-Jaida, CEO of QFC, and Wim De Waele, CEO and managing partner of B-Hive, according to the QFC’s recent statement.
“Potential joint projects focusing on developing disruptive financial technologies will be explored, as well as the development of training and talent management programmes,” the statement highlighted.
The MoU affirms QFC's commitment to the national FinTech agenda set by the Qatar Development Bank, which aims to attract international fintech ecosystems to Qatar.
The global rise of the fintech industry reached $41.7 billion during the first half of 2018.
“Our MoU with B-Hive is a reflection of our commitment to financial innovation in the financial sector and will undoubtedly contribute to developing the growing FinTech industry in Qatar, while leveraging the sizable investment opportunities available in this sector,” Al-Jaida said.
