Based on The World FinTech Report 2018 published by Capgemini and LinkedIn, 7,500 deals since 2010 have raised $109.8 billion for fintech firms. Unfortunately, this figure does not necessarily reflect a fintech’s success rate; success needs much more, such as finding the right partner and product fit. According to the same report, the top two challenges that fintechs face include the lack of agility of traditional enterprises (70%) and the willingness of partners to collaborate with them (60%). The good news is that fintech, once perceived as a disruptor, is no longer seen as a threat to banks, instead,  they are seeking ways to collaborate across the value chain. Striving to remain relevant and competitive, banks  are heavily investing in such collaborations.This panel will dive into best practices on how fintech can partner and collaborate with banks and how banks can leverage fintech know-how to improve the customer experience, reduce costs and create new revenue streams.

Esam Alnahdi, Cofounder and CEO, HalalaH
J.K. Khalil, General Manager- Saudi Arabia & Bahrain, Mastercard