News

IDC Saudi Arabia CIO Summit 2022 Will Explore KSA’s Digital Transformation

The two-day event will explore the Kingdom’s accelerated pace of innovation, its evolving technology landscape, and present-day strategies.

Published

2 years ago

September 2, 2022

David Morelo

idc saudi arabia cio summit 2022 will explore ksa's digital transformation

Saudi Arabia is undergoing a remarkable digital transformation guided by its Saudi Vision 2030 strategic framework, whose overarching goal is to lessen the country’s dependence on oil by diversifying its economy and enhancing innovation. The IDC Saudi Arabia CIO Summit 2022 edition will explore the Kingdom’s digital transformation over the course of two days filled with discussions, panel sessions, and keynote presentations from regional and global technology experts alike.

“This event will explore the Kingdom’s accelerated pace of innovation, its evolving technology landscape, and present-day strategies that the country’s organizations are implementing to transform into digitally resilient future enterprises,” states International Data Corporation (IDC) on its website.

The in-person event will be hosted on September 19 & 20, 2022 at the Fairmont Hotel Riyadh, a luxurious five-star hotel located in the Business Gate Complex, and those who would like to attend it can register free of charge to learn how the Kingdom’s CIOs and their international partners are building resilient digital infrastructures to make Saudi Arabia a leading ICT nation within the next decade.

Hamza Naqshbandi, Associate Vice President (Saudi Arabia & Bahrain) at IDC, will kick off the event with a welcome address, and his speech will be followed by a talk about tech strategies for a digital-first world given by Steven Frantzen, IDC’s Senior Vice President & Regional Managing Director (EMEA).

The long list of confirmed speakers who will share their valuable experience with the attendees of the IDC Saudi Arabia CIO Summit 2022 edition includes experts in the field, respected practitioners, and leaders from the industry, including:

Jason Roos, CIO of King Abdullah University of Science and Technology (KAUST).
Phil Andrews, Regional Vice President of Northern and Eastern Europe for Red Hat.
Stephane Monboisset, Business Development Manager at Fortinet.
Zaid Ghattas, Senior Commercial Lead at AMD.
Turki Aldahmash, Executive Director of Business Technology (CTO) at National Center for Performance Measurement (Adaa).
Neil Harbisson, the world’s first officially recognized human cyborg.

In addition to its main agenda, the IDC Saudi Arabia CIO Summit 2022 edition will also play host to the IDC Excellence Awards to recognize the efforts of the country’s leading technology executives across 3 categories (CISO of the Year, CIO of the Year, and Women in Technology & Business), with a winner and 10 finalists named in each. A live awards ceremony will be held on Day 2 and hosted on a virtual platform.

As a premier global provider of market intelligence, advisory services, and events for the information technology sector, IDC is deeply familiar with the impact of technology on the world around us. Its worldwide network of 1,300 analysts spans 110 countries, helping public and private sector decision-makers alike make fact-based technology decisions to achieve their key business objectives.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.