Saudi Arabia’s financial technology sector is drawing artificial intelligence startups like Singaporean AI-powered Dyna.Ai. The company plans to establish a local office in Saudi Arabia, aiming to solidify its presence. Dyna.Ai‘s chairman, Tomas Skoumal, shared that they are in the process of registering in the Saudi market and expect completion within the next quarter.
“We will have an office there and we will be hiring locally,” Skoumal said, emphasizing their commitment to job creation and long-term partnerships. Dyna.Ai provides solutions for customer acquisition, marketing, risk management, and operational productivity, catering to traditional banks, digital banks, fintechs, and insurtechs.
Skoumal highlighted the significant impact AI is expected to have on the Middle East, projecting a $320 billion influence, with Saudi Arabia benefiting the most. Dyna.Ai plans to collaborate with government-backed institutions and semi-government entities to tailor their solutions for the Kingdom, focusing on launching an office, expanding their product portfolio, and deepening industry expertise in the region.