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HomeNewsRiyad Bank sets aside SAR 100m ($27m) for FinTech Investments

Riyad Bank sets aside SAR 100m ($27m) for FinTech Investments

It is always exciting to read these kinds of announcements from banks because it evidences that the ‘lights are on’ and someone is at home, as the phrase goes – that they are (hopefully_ serious about examining and experimenting with the emerging FinTech ecosystem. So good luck to all at Riyad Bank. More details below.

Riyad Bank, one of the largest financial institutions in Saudi Arabia, has pumped 100 million Saudi riyals (US $26.7 million) into it’s own newly-launched fintech start-up investment programme.

Source: Saudi Arabia’s Riyad Bank pumps $26.7m into new fintech start-up programme – FinTech Futures

Ewan is Founder and Editor of FinTech Profile and Mobile Industry Review. He writes about a wide variety of mobile and FinTech industry issues and is usually active on Twitter most days. You can read more about him or reach him with these details.

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