Sahm Capital Supports Saudi Financial Market Innovation Hackathon Through Strategic Partnership with The Financial Academy
More than 500 applicants applied, 60 participants forming 12 teams and
six finalist teams advancing to Money20/20 Middle East
Riyadh, Saudi Arabia -- (ARAB NEWSWIRE) -- Sahm
Capital Financial Company (“Sahm Capital”) supported The Financial Market
Innovation Hackathon as a strategic partner. Organized by The Financial Academy
in collaboration with the Capital Market Authority (CMA), the initiative brought together
emerging talent to foster innovation and develop solutions for the
Saudi capital market.
More than 500 applicants applied to this initiative, with 60 participants selected to
form 12 multidisciplinary teams spanning finance, data science, design and
technology. Between 6 and 10 September, the teams worked on defining problems,
validating market fit and developing business models, with support from
mentoring and coaching sessions. Six teams advanced to the final round, held on 16
September at Money20/20 Middle East in Riyadh.
As a strategic partner, Sahm Capital contributed its
financial industry expertise to the program, and two Sahm Capital
representatives served on the judging panel alongside industry experts and
specialists to evaluate the finalist teams and their proposed solutions.
Steven Chou, Chairman of Sahm Capital, said: "A strong financial market
depends not only on technology and capital, but also on people who understand
market needs and can turn ideas into practical solutions. We are pleased to
support an initiative that brings together emerging talent, financial-market
expertise and technology to explore real challenges in Saudi Arabia’s financial
market."
He added: "Developing the next generation of financial talent is an
important part of building a more innovative and dynamic financial sector. By creating opportunities
for young professionals to engage with industry specialists and develop their ideas,
initiatives like this can help foster a stronger culture of innovation across
the capital market."
The six finalist teams presented their solutions during the final round at Money20/20 Middle East. Following the judging panel's
evaluation, Team Idraj secured first place, Team Hawkamtek took second place
and Team Floc finished third.
The hackathon
closing ceremony at Money20/20 Middle East
Photo credit:
The Financial Academy
Mana bin Mohammed Al-Khamsan, CEO of The Financial Academy, said:
"The hackathon provided participants with a practical environment to
apply financial and technical expertise to real challenges in the Saudi capital
market. By bringing together promising talent and industry expertise, this
initiative supports the development of national capabilities and promotes
practical innovation across the financial sector."
– ENDS –
About Sahm Capital Financial Company
Sahm Capital – سهم كابيتال, registered in Riyadh, holds full regulatory licenses from the
Capital Market Authority (CMA) to conduct Dealing, Advising, Custody,
Arranging, Managing Investments and Operating Funds Activities in the
Securities Business (License No. 22251-25).
Sahm Capital leverages proprietary technology and financial solutions to
provide investment services across Saudi and U.S. markets and support the
evolving needs of investors. For more information, visit: https://www.sahmcapital.com.
About the Financial Academy
The Financial Academy (TFA) is an entity with an independent, legal and
administrative status. It is organizationally located under the Chairman of the
Board of the Capital Market Authority (CMA). The Academy is dedicated to
qualifying the financial sector’s human capital, including senior managers and
board members, by advancing their knowledge, capabilities, skills and culture.
TFA also develops and promotes best professional financial practices, targeting
all components of the financial services sector including banking, finance,
insurance and capital market.
This press release is issued through Arab Newswire (www.arabnewswire.com) — a
press release distribution service for the Arab World, Middle East and North
Africa (MENA
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