The Monetary Authority Organizes Training on Developing Financial Technology Systems and Supporting Innovation

SadaNews Economy - The Palestinian Monetary Authority organized a specialized training session on developing the financial technology system and enhancing cooperation between financial institutions and entities supporting innovation, with the participation of representatives from banks, payment service companies, microfinance institutions, and members of the FinTech Taskforce, along with a number of stakeholders in innovation and entrepreneurship.

The training aimed to enhance the capabilities of participants, familiarize them with international best practices in nurturing fintech companies, and highlight the role of financial institutions in supporting innovation and building effective partnerships.

International expert Thibo Verbiest, specializing in legislation and regulations related to financial technology and digital assets, lectured at the training, providing sessions that covered the development of financial technology systems, mechanisms for cooperation among regulatory bodies, incubators, accelerators, and financial institutions.

The training also addressed the stages of supporting fintech companies from the idea stage to market entry, the role of incubators and business accelerators, in addition to international experiences in developing supportive environments for financial innovation.

The training featured an interactive discussion on the opportunities and challenges of the fintech ecosystem in Palestine and ways to enhance cooperation among various parties to support innovation, financial inclusion, and the development of digital financial services.

This training comes as a continuation of the outputs from the FinTech Taskforce meetings, and as part of the Monetary Authority's efforts to build capacity and strengthen integration between the financial sector and the innovation ecosystem, contributing to the development of the financial technology sector and keeping pace with global trends.