24 Fintech is set to enhance Riyadh’s position in the global financial technology sector, and STC Bank, a leading digital innovator within the stc Group, has announced its role as a Founding Partner. Formerly known as stc pay, STC Bank is Saudi Arabia’s first fully digital bank, having received approval from SAMA in April 2024, with plans to officially launch its commercial services later this year.
As a Founding Partner of 24 Fintech, Saudi Arabia’s new flagship fintech event, STC Bank will play a pivotal role in hosting finance, policy, technology, and investment leaders from across the globe in Riyadh. The event, designed to showcase Saudi Arabia’s commitment to shaping the future of finance, will tackle key issues such as governance, risk management, cybersecurity, global interoperability, and innovations in payments. 24 Fintech features four specialized streams: the Executive Summit, 24° Trends, the Futures Forum, and Fintech Fusion.
At the event, STC Bank will showcase its offerings and services, giving attendees the opportunity to download the STC Bank app and pre-register for early access when the bank officially launches later this year. Having evolved from the highly successful stc pay, the most popular digital wallet in Saudi Arabia, STC Bank is set to expand its services to include a comprehensive range of banking products, building on the digital innovations that stc pay customers have come to rely on.
24 Fintech is a new annual event that aims to further establish Riyadh as a hub for fintech innovation. STC Bank is proud to support this initiative as a Founding Partner, welcoming leaders from Saudi Arabia and around the world to discuss the challenges and opportunities in the financial technology sector.
