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Fintech Saudi and Kyndryl Partner to Boost Saudi Fintech Startups Through Makken Initiative

FinTechFintech Saudi and Kyndryl Partner to Boost Saudi Fintech Startups Through Makken Initiative

Fintech Saudi and IT infrastructure services firm Kyndryl have signed a memorandum of understanding (MoU) to support fintech entrepreneurs and startups in Saudi Arabia. The collaboration is part of the FinTechs Enablement Programme (Makken), an initiative by Fintech Saudi with support from the Saudi Central Bank (SAMA) and the Capital Market Authority. The program aims to accelerate the adoption of innovation among Saudi fintech entrepreneurs, helping them go to market faster and more efficiently. Kyndryl will provide support through a secure, fully managed, cloud-based incubation platform, allowing startups to focus on developing prototypes and products. The collaboration also includes co-hosting seminars, events, and workshops to foster knowledge sharing and networking in the fintech community.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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