Max Investment Holding published; Fintech in Iran: what is there; what will be

The report “Fintech in Iran: what is there; “What will be” has examined the various dimensions of opportunities and challenges facing financial technology activists in the country. In the mentioned report, Max Company intends to provide a vision of the future of activity in the field of fintech to the actors of this industry and, relying on reliable domestic and foreign documents and reports, talk about the process that financial technologies have gone through in the country in recent years. slow

The report “Fintech in Iran: what is there; “What will be” has two parts of pathology and situation.

The first part is a comprehensive analysis of the fintech ecosystem and its market structure in Iran. To achieve this goal, based on the up-to-date data collected from various domestic and foreign sources, the fintech ecosystem of the country and the path it has taken until today have been described. Then, based on the classification of the Central Bank of Iran, which divides fintechs into large companies and startups, the current environment of the country’s fintech market has been evaluated.

But the most important part of the report is the pathology section, which addresses the current challenges of various fintech areas from the words of experts and activists, and of course, a comprehensive survey of more than 30 fintech industry activists who participated in the survey of Max Investment Holding and answered questions about the current situation and Its prospects answered in the coming years.

Today, the Middle East is witnessing a wave of digital startups, and in this region, the fintech industry alone is experiencing a compound annual growth rate of 30%. Many countries in the Middle East are dealing with major problems such as high youth unemployment rates, reduced capacity of the public sector to attract new labor and oil price fluctuations, and therefore, the development of startups and small businesses has become an important strategy to achieve inclusive growth in this region, an approach which is also clearly evident in Iran and it has been paid attention to in the first part of the report.

In this section, the process of formation of fintech industry in the country has been analyzed from a situational perspective. It is also based on the Fintech report in Iran published in the Middle East Journal. In a part of this report, we read: “Although several initiatives by the Iranian government have been able to attract large investments from the private sector, Iran still faces challenges and obstacles that delay the growth of the country’s fintech market. Iran’s fintech industry has high potential and powerful infrastructure; However, compared to the main hubs of the region such as Abu Dhabi and Dubai, Iran’s fintech industry needs more development.”

From the point of view of the development of the necessary technologies, perhaps the most important challenge is the infrastructure, but it must be acknowledged that fintech in Iran is moving closer to international and global patterns and models due to the up-to-date knowledge of young people active in this field and the enthusiasm to learn the necessary skills. Big is somewhere else: when it comes to the regulatory foot; That is the time when you should sit at the heart of the industry activists and hear about the adversities and failures.

In the second part of the Fintech report of Max Investment Company, we hear the challenges of Fintech in the past year from the words of experts in different fields. Javad Behra, Chairman of Bitmax Board of Directors; Ehsan Ghazizadeh, CEO of Bitmax; Reza Khanaki, CEO of Ezaki Capital Company; Saman Haghighi, capital market expert; Hamed Kazemi, Chairman of the Board of Directors of RayinTech Company and Mehdi Momeni, CEO of Ezaki Vam are among the experts who are included in the report “Fintech in Iran: What is; “What will be” have expressed their opinions.

In the meantime, more than 35 people from the field of FinTech participated in the survey of Max Investment Company and provided an overview of the financial technology environment in the country by answering the questions.

In the continuation of the fintech industry review report in Iran, we will be faced with the status of this phenomenon according to statistics and figures, and in the following, a summary of the report “A short overview of Iran’s science, technology and innovation in 2023” by the Center for International Interactions of Science and Technology of the Deputy Scientific, technological and economic knowledge base of the presidency and the center of cooperation for the transformation and progress of the presidency has been published, we read. This report provides an overview of policy making in the field of technology and innovation and the status of the country’s digital and knowledge-based economy until 2023.

Finally, the report ends with a comparison of Iran’s position among the countries of the Council of Islamic Cooperation.