Richard Teng
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- Milken Institute54 min
MENA: Building the Next FinTech Hub
George Hay, Marcelo Giugale, Ben Lawsky, Khalid Saad, Richard Teng
Experts from the World Bank, US regulators, and the MENA region convened to define the structural prerequisites for establishing a regional fintech hub, emphasizing the critical roles of unified regulatory frameworks, legal certainty, and indigenous talent development. The panel contrasted the fragmented US sandbox environment with Singapore's integrated model while highlighting specific MENA strategies to bypass low financial inclusion rates through government-led digital payment initiatives. Key figures from Bahrain FinTech Bay and ADGM advocated for regional cooperation and high-standard asset regulations to foster institutional trust and transform the area into a sustainable global financial technology center.