Riyad Bank launches fintech fund

Pedro Gonçalves
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Riyad Bank launches fintech fund

Riyad Bank has launched a 100 million Saudi riyals ($26.7m) program to invest in financial technology startups, the bank announced at the Future Investment Initiative (FII) in Saudi Arabia. The program aims to forge strategic partnerships with entrepreneurs and technology companies, provide solutions and support in the field of financial technology, and create new industries and innovative business models. The Saudi bank, which is in merger talks with to merge with National Commercial B...

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