Press Releases

<p>His Excellency Mr. Mohammed bin Abdullah Al-Kuwaiz, Chairman of the Board of the Capital Market Authority and Chairman of the Board of Trustees of the Financial Academy, honored Riyad Bank in recognition of its partnership and sponsorship of the first edition of the FinTech Bootcamp Program 2023.</p> <p>This came during the closing ceremony of the FinTech Bootcamp, where His Excellency Mr. Al-Kuwaiz honored 24 creative Saudi youth for all the hard work and achievements. The students joined the program over a period of 6 weeks, with an average of 140 hours of intensive training, in addition to 5 days of the FinTech Hackathon, at a rate of 24 hours, to refine the trainees' initial models and guide them in the business model for their innovations.</p> <p>Mr. Mazen Pharaon, Senior Head of Digital Banking at Riyad Bank, revealed that the bank offered incentive prizes to the first place winners of the Bootcamp program, including providing opportunities for them to join the intensive training program adopted by the bank in the field of financial technology, which provides an experimental environment for financial technology companies and entrepreneurs to help them develop and innovate products and services that enhance the financial sector development program and respond to its targets.</p> <p>The FinTech Bootcamp is one of the qualitative initiatives offered by the Financial Academy to support the financial sector in the Kingdom. It focuses on preparing and developing distinguished national cadres in the field of financial technology and providing them with the necessary training and mentoring to build their innovations in the right environment.</p> <p>It is noteworthy that digital transformation is one of the main pillars of the bank's strategy 2025, which resulted in many initiatives in the financial and banking technology sector.</p>