(MENAFN – African Press Organization) JEDDAH, Kingdom of Saudi Arabia, November 19, 2020/APO Group/ —
The Islamic Corporation for the development of the Private Sector (ICD) ([To enable links contact MENAFN] the private arm of the Islamic Development Bank Group (IsDBG), today launches the ‘ICD Finnovation Award 2020, to recognize, showcase and encourage financial institutions that provide an outstanding solution for the financial industry.
The COVID-19 pandemic has created an unprecedented scenario for individuals, households, businesses, and institutions globally. Partial solutions at play are new financial instruments and technology. This special initiative is therefore aimed at exploring more the role of technology and innovation in providing sustainable solutions to current challenges, including those posed by COVID-19.
‘Finnovation is an online platform, ‘ [To enable links contact MENAFN] which ICD utilizes to list and highlight successful innovations of Financial Institutions (FIs) and FinTech startups at a global level.
Mr. Ayman Sejiny,