There is a fine line between a word being a so-called buzzword and it actually living up the the hype that it is getting. It is not always clear which one it is, and even if they are mutually exclusive. One of these words is FinTech, which has broad applications and definitions, depending on whom you ask. However, over the last decade, there has been a lot of progress in the FinTech space, with an estimated $100 billion invested in this sector alone since 2010, thereby making its case for not being just a buzzword anymore — it is here to stay.
Many of these investments and cutting-edge FinTech startups were launched in different parts of the world, not necessarily the Middle East. However, the region is advancing quickly in this field, and many of the next promising startups will change the region significantly. With investors and regulators focused on this sector more than ever before, interesting developments are about to take place. Read more about this here.