This is a statement by Abdulrahman Al-Hamidy, Director General Chairman of the Board Arab Monetary Fund, at the 100th meeting of the Development Committee held on October 19, 2019. Mr. Al-Hamidy addressed critical needs to regulate the FinTech industry focusing on the Arab region. He stated that regulations of the financial services industry are being challenged by the rise of FinTech firms, and the latter continue to induce fundamental changes on...
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