Economist Impact

Fadi AlAwami: Insights on Challenges and Opportunities in the Fintech Sector at Fintech Forward

During the Fintech Forward Conference, we interviewed Fadi Al Awami, a certified advisor for small and medium-sized enterprises (SMEs), who described the event as excellent. He highlighted how the participating companies showcase the ongoing advancements in the fintech sector in Bahrain. Fadi also praised the strong attendance from companies across the Gulf, noting that this helps facilitate communication between different countries to support the fintech industry. The event attracted the interest of both investors and entrepreneurs, with a shared focus on the sector’s potential.

Challenges in the Fintech Sector

When asked about the challenges in the fintech sector, Fadi pointed out that securing funding for startups is the biggest challenge. However, he mentioned that there are now government initiatives that help startups obtain early-stage funding, alongside a growing interest from investors in this sector.

Regulatory Developments

When asked about the challenges faced by the fintech sector, Fadi pointed out that the biggest challenge is securing funding for startups. However, he added that there are now government initiatives supporting early-stage startups, in addition to growing interest from investors in this sector. Fadi also mentioned that central bank regulations pose an additional challenge. Despite this, he emphasized that current movements indicate positivity and continuous progress in this area.

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