QuantumFy, a global technology hub, today announced its expansion into the Middle East and its membership in the MENA FinTech Association (MFTA), aimed at driving business growth in the Middle East and North Africa (MENA).Founded in 2018, the MENA Fintech Association has earned recognition as one of the top 4 fintech groups globally. With a strong presence in the Middle East and Africa, the association has been at the forefront of driving innovation and fostering collaboration in the fintech industry. The MENA Fintech Association (MFTA) is an inclusive, not-for-profit association that fosters an open dialogue for the MENA Fintech community, shaping the future of financial services in the region.Aligning with its strategy to extend its reach into new emerging markets, QuantumFy's collaboration with the MENA Fintech Association is a step towards leveraging its expertise in the region. QuantumFy specializes in tailored banking, payment, and investment technology solutions, and plans to adapt these to meet the specific needs of the Middle East market.Margit Gulyas, CEO of QuantumFy, shared her thoughts on the expansion: "Entering the Middle East with our partnership with the MENA FinTech Association is a key step in our strategy. We're looking to bring our technology solutions to a market that's showing rapid growth in fintech. Our goal is to be more than just a participant; we want to contribute to the region's fintech development." As a member of the MFTA, QuantumFy is committed to contributing to the regional fintech ecosystem by offering unique software engineering insights. Our focus is to support digital transformation in sectors such as finance and payments, providing innovative artificial intelligence, system integration platforms, and transaction monitoring for fintechs. This partnership is expected to bolster the development of the entire fintech community, fostering more innovative solutions and projects in the MENA region. Additionally, QuantumFy will take a leading role in the SHIFT Payments and Digital Assets working groups, collaborating with industry peers. We plan to host panel discussions, workshops, and produce reports, all aimed at advancing the industry.Nameer Khan, Chairman MENA Fintech Association and Founder of FILS stated the following in regards to this partnership,” We are honoured to welcome to Quantum Fy to the MENA fintech community. We believe that our association will provide an invaluable platform for the expansion and growth of their business endeavours in the region. In the current landscape, where digital banking activities and financial services innovation are reaching new heights across the Middle East and Africa, Quantum Fy's strategic entrance aligns perfectly with the industry's soaring standards. We are confident that Quantum Fy has chosen the opportune moment to establish its presence in the region, and we eagerly anticipate witnessing the remarkable success that is sure to unfold as a result.”The move into the Middle East aligns with QuantumFy's aim to broaden its market presence and respond to the diverse needs of different regions. The MENA Fintech Association, established in 2018, plays an integral role in the fintech industry, connecting various industry players and promoting an environment of growth and innovation.This partnership marks a significant step for QuantumFy in its efforts to expand its operations and impact in the financial technology sector.

Sumsub, a global full-cycle verification platform, has joined the MENA FinTech Association (MFTA) to drive business growth in the Middle East and North Africa (MENA), raise identity fraud awareness, and foster innovation in the fintech sector. This partnership highlights Sumsub's commitment to establishing and strengthening key industry connections and contributing to the ever-evolving fintech landscape in the Middle East and African markets. Founded in 2018, the MENA Fintech Association is globally recognized as one of the top-4 fintech groups in the world, bringing together fintech companies, startups, investors, regulators, influencers and academia. It is the premier not-for-profit organisation dedicated to serving fintech startups and established players across the Middle East and Africa. The MFTA provides numerous opportunities as a fintech hub that connects different stakeholders from the industry and creates space for growth, innovation and inclusivity. This presents Sumsub experts a generous choice of engaging with top fintech professionals, exploring potential partnerships in the fintech network and sharing verification expertise within the community.In December, Sumsub was announced winner in the RegTech of the Year category of the 2023 MENA FinTech Awards. As an MFTA member, Sumsub aims to contribute to the regional fintech ecosystem by providing insights into anti-fraud measures, compliance with the shifting regulatory requirements, and expertise in KYC, KYB and transaction monitoring for fintechs. This partnership will enhance the development of the entire fintech community, driving more innovative solutions and projects in the MENA region. Furthermore, Sumsub will lead conversations within the policy and regulations working group, collaborating with industry peers to host panel discussions, workshops, and reports with the aim of advancing the industry.Nameer Khan, Chairman of the MENA Fintech Association and Founder of FILS, commented: "We are pleased to welcome Sumsub to the MENA Fintech Association. Their expertise in KYC, KYB, and transaction monitoring will be invaluable in our efforts to strengthen the fintech ecosystem in the MENA region.Sumsub's commitment to sharing insights and actively participating in policy discussions aligns with our mission to foster collaboration and innovation. We look forward to their contributions to the MFTA family and the Policy and Regulations Working Group and believe that together, we can create a more secure and compliant environment for fintech to thrive in the Middle East and Africa."Andrew Sever, co-founder and CEO of Sumsub, added, "For Sumsub, partnering with the MENA Fintech Association marks a new level of presence in the region.We believe that our expertise and years of experience in the verification, anti-fraud, and compliance sector will be valued by other MFTA members. Together with this extraordinary community, we aim to build a safer digital environment based on top-notch technologies tailored for the fintech industry."

The MENA Fintech Association, the premier not-for-profit organization dedicated to serving fintech startups and established players across the Middle East and Africa, is excited to announce the reignition of its Payments working group known as SHIFT, marking a significant leap forward in the evolution of financial technology within the region. The association is delighted to appoint Akshay Chopra and Imane Adel as Co-Chairs to spearhead this revitalized effort.Founded in 2018, the MENA Fintech Association has earned recognition as one of the top 4 fintech groups globally. With a strong presence in the Middle East and Africa, the association has been at the forefront of driving innovation and fostering collaboration in the fintech industry.In a strategic move to amplify its commitment to advancing payment solutions and fostering innovation, MFTA has chosen industry leaders Akshay Chopra and Imane Adel to guide the SHIFT – Payments Working Group. Their wealth of experience, forward-thinking approach, and dedication to pushing the boundaries of fintech will undoubtedly elevate the group's impact.Nameer Khan, Chairman of MENA Fintech Association and Founder of FILS, stated the following, "The resurgence of the SHIFT – Payments Working Group is a testament to our commitment to driving fintech innovation in the MENA region. With Akshay Chopra and Imane Adel as Co-Chairs, we are confident in the transformative potential of this collaboration. Their expertise and vision align seamlessly with the association's mission to shape the future of finance. Together, we aspire to lead the charge in revolutionizing payment solutions, fostering collaboration, and championing an inclusive fintech landscape across the Middle East and North Africa.Akshay Chopra, a veteran fintech investor, inventor, and practitioner, serves as Managing Partner at 237 Ventures. 237 Ventures grows businesses via investment, product advisory, coaching, and board directorship. He serves on multiple boards, including the MENA FinTech Association. Akshay holds 7 fintech patents, and his former executive roles include VP heading innovation, product design & crypto solutions for Visa CEMEA.Akshay stated the following upon taking over this role, “I am honored to co-chair the SHIFT – Payments Working Group alongside Imane. In an era of unprecedented innovation, this platform provides a unique opportunity to shape the future of payments in the MENA region, co-creating with large players, new entrants, policymakers, and enablers. We will also work closely with regulators to share the ecosystem’s inputs.”Imane Adel, EVP of Strategy at Paymob, is a seasoned payments professional with tenures at Visa and Mastercard, a member of the Forbes Technology Council, and a Strategic Adviser to regional startups, stated the following upon joining SHIFT,” As we embark on this exciting journey co-chairing the SHIFT – Payments Working Group, I am thrilled to collaborate with industry leaders and innovators to shape the future of payments in the MENA region. The convergence of technology and finance presents unprecedented opportunities, and together with Akshay Chopra, we aim to drive a wave of innovation, foster strategic partnerships, and advocate for a regulatory environment that propels fintech forward. This is not just a working group; it's a collective force shaping the narrative of financial technology, and I am honored to be a part of it.”

The MENA Fintech Association, the premier not-for-profit organization dedicated to serving fintech startups and established players across the Middle East and Africa, is excited to announce launch of their new Sustainable Fintech Report 2023The MENA Fintech Association, founded in 2018, known for its global recognition as one of the top 4 fintech groups, unveils its groundbreaking Sustainable Fintech Report 2023. This report features insights from leading companies at the forefront of innovation, including Paymentology, Paymob, Mastercard, META, Heriot Watt University, The Entertainer, KARM Legal, M2P Fintech, BPC Fintech, Klarna, Mamo, Rival, Codebase Technologies, Communique, Marshal Fintech Partners, Themis, and Green Digital Finance Alliance.Key Highlights:Innovative Approaches: Explore how leading fintech companies are adopting innovative approaches to drive positive change within the financial industry, blending technology with sustainable practices.Collaborative Initiatives: Learn about collaborative initiatives between industry leaders, institutions, and supporting companies, including DIFC, Central Bank of Egypt and ADGM, in promoting responsible innovation and fostering a resilient and environmentally conscious future.Industry Insights: Gain valuable insights into the latest trends, challenges, and opportunities in sustainable fintech, shaping the discourse around responsible financial practices.Academic Contribution: Heriot Watt University's academic contributions enrich the report, offering a well-rounded perspective on sustainable fintech practices.Nameer Khan, Chairman MENA Fintech Association stated the following, "For the MENA Fintech Association, sustainability is not just a concept; it's a commitment to shaping the future of finance responsibly. The Sustainable Fintech Report 2023 reflects our dedication to fostering innovation and collaboration. As we navigate the intersection of finance and technology, we believe that a sustainable future is not just desirable – it's essential. Through this report, we invite industry stakeholders to join us on this transformative journey towards a resilient and environmentally conscious financial landscape."Read the Report: https://bit.ly/3TC2kQr

 The MENA Fintech Association, the premier not-for-profit organization dedicated to serving fintech startups and established players across the Middle East and Africa, is excited to announce the establishment of its Digital Assets Working Group, Miriam Kiwan, and Mo Ali Yusuf (mentioned in above picture)have been appointed as the Co-Chairs of said working group, which aims to champion for a transparent regulatory framework while also propelling the adoption and extensive use of digital assets across MENA.Founded in 2018, the MENA Fintech Association has earned recognition as one of the top 4 fintech bodies globally. With a strong presence in the Middle East and Africa, the association has been at the forefront of driving innovation and fostering collaboration in the fintech industry.The newly established Digital Assets Working Group takes on a pivotal role as the leading advocate and catalyst for the advancement of clear, progressive, and sustainable regulations governing digital assets across the MENA (Middle East and North Africa) region. This dynamic group will spearhead endeavors aimed at shaping and enhancing a comprehensive regulatory framework, cultivating an ecosystem conducive to digital asset innovation, all while upholding stability and security as paramount priorities. This dynamic working group aims to:Propel the adoption and extensive use of digital assets across MENA.Champion for a transparent regulatory framework.Enhance collaboration and knowledge sharing among top-tier industry participants.Set forth the gold standards to safeguard the security and integrity of digital assets.Illuminate and educate stakeholders about the multifaceted nature of digital assets.Accelerate tech talent evolution and knowledge dissemination, fortifying the broader ecosystem.Nameer Khan, Chairman – MENA Fintech Association, expressed his enthusiastic support for the establishment of the Digital Assets Working Group, stating, “In our journey toward shaping the future of finance, we believe that clear and innovative digital asset regulation is the cornerstone. This group will be instrumental in fostering a dynamic and secure digital asset ecosystem across MENA. We are committed to embracing technological advancements while safeguarding the integrity of our financial landscape, and the Digital Assets Working Group is a vital step in that direction.”Miriam Kiwan, Vice President of Middle East and Africa at Circle and Co-Chair of the Digital Assets Working Group, emphasized the group's mission by stating, 'Our vision is to drive innovation with responsibility, and our commitment to building a regulatory framework that supports the dynamic digital asset landscape is unwavering. As we take the lead in shaping the future of digital assets across MENA, we aim to create an environment that encourages innovation, ensures compliance, and promotes trust within this transformative ecosystem.'Miriam stands as a visionary executive boasting an extensive career spanning more than two decades, with a remarkable footprint in Europe and the Middle East. Her profound expertise encompasses the realms of Web 3 and the nurturing of tech entrepreneurship ecosystems, strategic partnership cultivation, strategic marketing endeavors, and the art of fostering business development opportunities. Miriam's professional journey has seen her excel across diverse sectors, ranging from financial services and Web 3 / digital assets to technology, higher education, and entrepreneurship. Her forward-thinking approach and multifaceted skill set have consistently driven innovation and growth, making her a prominent figure in these dynamic industries with a global impact.Mo Ali Yusuf, CEO of Fuze and Co-Chair of the Digital Assets Working Group, underscored the group's mission, stating, “We believe that digital assets represent the future of finance, and our goal is to facilitate their responsible growth and adoption. The Digital Assets Working Group is dedicated to developing robust regulations that foster innovation, security, and transparency. Together, we aim to shape MENA's digital asset landscape into a trusted and flourishing ecosystem, benefiting both businesses and consumers alike.”Mo is a globally recognized business leader with a strong commitment to fueling the growth of fintech, eCommerce, and cryptocurrency. His expertise lies in navigating complex regulatory frameworks, forming strategic partnerships, and maintaining operational excellence. Mo's career is marked by a track record of securing licenses, fostering key collaborations, and ensuring top-tier operational efficiency. He stands as a visionary at the forefront of innovation in these dynamic industries, shaping their future on a global scale.Ronit Ghose is a distinguished figure in the tech and venture capital landscape, serving as an Advisory Board member for various prominent firms and a leading university in diverse global hubs such as Dubai, London, and Cape Town. His illustrious career includes a background in policy work, even having served as a bag carrier for a former UK Prime Minister, reflecting his deep involvement in the political sphere. Ronit's expertise and influence extend into the realm of fintech, where he will play an integral role as a member of the MENA Fintech Association Digital Assets Working Group, further contributing to the evolution of this dynamic sector.The MENA Fintech Association has partnered up with various companies such as Fuze, Circle, Binance, Meta, Circle, ADGM, DIFC, and other trailblazers across the spectrum of regulators, innovators, academia, legal firms, and venture capitalists.