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Partnering on FinTech initiatives Partnering with Hamad Bin Khalifa University (HBKU) and the Qatar College of Public Policy

FinTech (financial technology) is creating opportunities
worldwide to improve financial sector systems and

services such as payment, remittance, digital payment,

money management, lending, and other services.

In 2020, the State of Qatar continued its work through
the Qatar National FinTech Task Force. Led by the Qatar

Central Bank (QCB), the task force brings together

Qatar’s three financial regulators, Qatar Development
Bank and potential FinTech stakeholders and market

participants. In that connection, the QCB announced

plans to develop and launch a sandbox banking service

platform to support and promote FinTech. This initiative

is part of the State’s objective to transform Qatar into
a knowledge-based society and enable the country

to emerge as a regional hub for innovative technology

and services. A FinTech Committee was established
by the QCB in August 2020, the Regulatory Authority

along with key Government stakeholders will participate

in the work of the committee to develop a regulatory

sandbox framework and to assess sandbox applications.

The Regulatory Authority continues to support two

FinTech research projects being led by Qatar University.

The two projects: “Building a Resilient, Inclusive
and Competitive Legal and Regulatory Framework In October 2020, the Regulatory Authority and HBKU on behalf of Qatar College of Public Policy entered

for 21st Century Finance in Qatar” and “A Secure into an MoU to collaborate on public policy development and its implementation in areas related to

End-to-End Blockchain-Enabled Solution to Finance financial services and financial services regulation as well as developing initiatives to organise forums

Trade: The Legal, Technological, and Economical for the exchange of knowledge and experience, student internships and joint research projects.

Framework”, continue to provide assistance to the
Regulatory Authority in its knowledge of FinTech.

T ABLE OF C ONTENT S