AI Transforms Financial Sector Skills
The CEO of the Financial Academy, Manei Al Khumsan, affirmed that the rapid expansion of the fintech sector in the Kingdom, along with the increasing use of artificial intelligence and digitalization, is reshaping the skills required of workers in the financial sector. He explained that financial knowledge alone is no longer sufficient amid the complexity of products and services, and that financial empowerment necessitates skills and understanding to evaluate options and risks, as well as measuring the impact of financial literacy programs on individuals' behavior. He also emphasized that future financial professionals need specialized knowledge, communication skills, and ethical standards, with a vital need for hands-on employee training. This comes at a time of significant growth in Saudi fintech companies, which increased from 82 to 281 between 2022 and 2025, with investments exceeding 8.9 billion Riyals by July 2025.
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