“The Qatar Financial Centre (QFC) has signed a memorandum of understanding (MoU) with Ahli Bank to collaborate on initiatives that support fintech innovation, digital transformation, and the continued development of Qatar’s financial services sector. The MoU will leverage the QFC Digital Assets Lab (DAL) to develop digital financial solutions and explore digital assets and tokenisation use cases. 'This MoU with Ahli Bank marks a significant step in our efforts to build a dynamic and forward-looking financial ecosystem in Qatar. By combining our strengths and leveraging the QFC DAL, we are creating the conditions for fintech innovation to thrive and for digital financial solutions to move from concept to market,' said Mansoor Rashid al-Khater, chief executive officer, QFC. Both parties will collaborate closely with technology providers, startups, and broader ecosystem partners to advance the development, adoption, and commercialisation of emerging financial technologies. The partnership will also support the rollout of pilot programmes with the QFC technology firms to accelerate real-world implementation and market readiness of innovative solutions. The MoU further provides a framework for the joint organisation of events, workshops, and knowledge-sharing initiatives aimed at building capability and strengthening industry engagement. Ongoing coordination between the QFC and Ahli Bank is poised to align priorities and unlock new opportunities as the partnership progresses. Reflecting a shared commitment to advancing innovation, the MoU reinforces Qatar’s position as a regional financial hub and supports the growth of its ecosystem by encouraging fintech companies to establish and expand their presence within the QFC. “At Ahli Bank, we see innovation and strategic collaboration as key enablers of the future of banking. Our partnership with QFC reflects a shared ambition to support the growth of fintech and accelerate digital transformation across the financial sector,' said Hassan Alefrangi, chief executive officer of Ahli Bank. Through this collaboration and Ahli Bank’s strong presence on the ground, the bank looks forward to exploring opportunities that strengthen digital capabilities, encourage knowledge exchange, and contribute to the development of a more agile and progressive financial landscape in Qatar, according to him.
Original story
Continue reading at Gulf Times Qatar
www.gulf-times.com/qatar
Summary generated from the RSS feed of Gulf Times Qatar. All article rights belong to the original publisher. Click through to read the full piece on www.gulf-times.com/qatar.