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
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