Hakeem

Walee Financial Services is proud to announce that its flagship Islamic nano-financing product, Hakeem, has been nominated for the prestigious 2024 Singapore FinTech Festival – FinTech Excellence Awards. Organised by the Monetary Authority of Singapore (MAS) in collaboration with PwC Singapore, these awards recognize trailblazing innovations in the financial technology sector, spotlighting solutions that revolutionise industry practices and promote financial inclusion.

From a competitive pool of over 200 submissions, Hakeem has emerged as one of four finalists in the Emerging FinTech Award category. This nomination highlights Hakeem’s role as a pioneering Shariah-compliant nano-financing solution that significantly improves financial accessibility and inclusion in Pakistan with a plan of global expansion. The nomination aligns perfectly with the festival’s theme, which emphasises practical innovations that foster financial resilience and sustainable growth.

Now in its ninth edition, the Singapore FinTech Festival – FinTech Excellence Awards highlight the most innovative solutions in fintech across six key categories. This year’s awards celebrate initiatives that drive real-world impact, focusing on financial inclusion, technological transformation, and compliance with evolving regulatory standards.

An international panel of experts meticulously evaluated finalists based on five core criteria: Impact, Sustainability, Practicality, Interoperability, Uniqueness and Creativity

Sopnendu Mohanty, Chief FinTech Officer of MAS, expressed his appreciation for the innovative solutions presented by this year’s finalists:

“Congratulations to all the finalists announced today. Your innovations are pushing the boundaries, shaping a more inclusive and dynamic future. It is also heartening to see the strong support for the ‘FinTech Gives Back’ initiative, which continues to drive growth and development in the sector.”

 Walee Financial Services extends warm congratulations to Mr. Mohanty on his recent appointment as Chief FinTech Officer of the newly established Global Fintech Innovation Network, recognizing his leadership in advancing global fintech innovation.

The winners of the 2024 FinTech Excellence Awards will be revealed at a ceremony during the Singapore FinTech Festival on 7 November 2024. Finalists will also have the opportunity to engage with leading corporates, investors, and mentors during exclusive networking sessions aimed at refining and scaling their solutions.

Noshad Minhas, CEO & Co-Founder of Walee Financial Services, said of the nomination:

“Hakeem’s nomination is a testament to our unwavering commitment to empowering underserved communities in Pakistan and beyond with easy, accessible, and ethical financial services. Being recognized on this global platform reinforces our vision of ‘financially enabling global communities’ through technology-driven financial inclusion.”

Hakeem is Walee Financial Services’ Islamic nano-financing product, offering a digital-first, Shariah-compliant financing solution designed for rapid disbursement and easy access. The product supports financial inclusion by providing tailored nano-finance to individuals, empowering them with financial flexibility while aligning with Islamic principles.

Walee Financial Services recently participated in GITEX Global 2024, one of the largest and most influential technology events in the world, held in Dubai from October 16-20. Themed “Global Collaboration to Forge a Future AI Economy,” this year’s event attracted over 44,000 attendees from more than 180 countries, including prominent tech leaders and innovators across various sectors​.

GITEX Global 2024 featured extensive exhibition halls and various segments, such as Expand North Star, focusing on connecting startups with potential investors, and Fintech Surge, highlighting the latest advancements in financial technology. This year’s event placed a significant emphasis on the integration of artificial intelligence in transforming business models, promoting sustainable tech solutions, and facilitating digital transformation in the UAE​.

Walee Financial Services leveraged this opportunity to engage with industry leaders, exchange ideas, and explore potential collaborations that align with its mission of driving financial inclusion and innovation in the fintech sector. The event provided invaluable networking opportunities for Walee, enabling the team to forge connections with investors and other stakeholders crucial for the company’s growth trajectory.

Walee Financial Services has consistently positioned itself at the forefront of fintech innovation, particularly in nano financing. The company’s participation in GITEX underlines its commitment to revolutionising financial services through technology-driven solutions. The emphasis on collaboration at this year’s GITEX resonated with Walee Financial Service’s goals, particularly in enhancing its offerings and expanding its market reach.

As the fintech landscape continues to evolve, events like GITEX Global 2024 serve as essential platforms for companies like Walee Financial Services to showcase their innovations and solidify their presence in the competitive market.

The National Commission for Human Development (NCHD) has been instrumental in improving the quality of life for marginalized communities across Pakistan. With 101 Human Development Support Units strategically located in 134 districts, NCHD focuses on providing essential services, including healthcare and education, to underserved populations. Their mission is to ensure that every individual has access to the basic necessities that contribute to a dignified life.

Under this partnership, WFS will offer discounted financing solutions to NCHD’s 2,400+ employees, providing them with much-needed financial support to improve their livelihoods. By offering accessible financing options, WFS aims to help these workers address their financial challenges and achieve greater economic stability.

In addition to providing financial support, NCHD’s unit leaders will serve as brand ambassadors for WFS within their communities. This initiative will help raise awareness about the importance of financial inclusion and promote WFS’s services among the populations they serve. By leveraging the trust and credibility of these community leaders, WFS seeks to create a meaningful impact and facilitate greater access to financial resources for marginalised individuals.

WFS is committed to supporting the development of marginalized communities in Pakistan through strategic partnerships that promote financial inclusion and empower individuals. The collaboration with the National Commission for Human Development is a crucial step towards achieving this goal, and WFS looks forward to working together to create a brighter future for those in need.

ChinaJoy 2024 featured a diverse array of exhibits and discussions, focusing on trends such as gaming finance, virtual reality, and blockchain technology. Key presentations from industry leaders explored how fintech solutions can enhance user experiences in gaming, including seamless in-game purchases and innovative monetization strategies . The event also spotlighted advancements in artificial intelligence and 5G technology, illustrating their role in shaping the future of digital entertainment .

The event served as a dynamic platform for Walee Financial Services to network with key players in the fintech and gaming sectors. Engaging in collaborative sessions allowed our team to gain insights into the evolving landscape of digital finance and explore potential partnerships that can enhance our offerings in the realm of nano-financing .

The networking sessions fostered meaningful connections, paving the way for discussions on integrating financial services with gaming platforms to drive user engagement and financial inclusion .

As the digital landscape continues to evolve, Walee Financial Services is committed to staying at the forefront of innovation. Participation in events like ChinaJoy 2024 reinforces our dedication to exploring new avenues within the fintech ecosystem, particularly in enhancing financial accessibility through cutting-edge technology .

By leveraging insights gained from ChinaJoy, we aim to continue transforming the financial experience for our users and remain a key player in the intersection of finance and digital entertainment.

Money20/20 Asia focused on critical themes such as cross-border payments, open banking, digital assets, and financial inclusion. Discussions throughout the event highlighted the proactive role of regulators in the Asia-Pacific region, featuring sessions dedicated to the latest trends and regulatory technologies impacting the fintech industry. Industry leaders shared valuable insights on fostering innovation while ensuring consumer protection, underscoring the importance of collaboration in the fintech space​

The event provided an invaluable opportunity for Walee Financial Services to connect with key players in the fintech ecosystem, explore partnerships, and engage in discussions about the future of finance. The collaborative atmosphere facilitated deal-making and reinforced the importance of the Asian market in driving global fintech growth​.

The success of Money20/20 Asia signals a robust future for the fintech sector in the region, with plans already underway for the next event in April 2025​

The Walee Financial Services team is eager to leverage insights gained from this event to enhance our offerings and strengthen our position in the dynamic fintech landscape.

Through participation in events like Money20/20 Asia, Walee Financial Services reaffirms its commitment to driving innovation and fostering financial inclusion, aligning with our mission to transform the financial experience for individuals and businesses alike.