Riyadh, Saudi Arabia: Bank Saudi Fransi (BSF) and AstroLabs have announced the successful conclusion of the second cohort of the flagship “Banker Technologies” program, aiming to expand Saudi Arabia's fintech talent pool, thereby contributing to the advancement of the broader fintech sector.

As Saudi Arabia is rapidly evolving into a global financial technology and innovation hub, the program plays a pivotal role in generating employment in fintech.

This comes closely in alignment with Vision 2030's objectives to increase the number of fintech companies to at least 525 by 2030, up from 200 in 2023 to create 18,000 job opportunities.

This six-month program is uniquely designed to shift the emphasis from theoretical concepts to practical skill acquisition through a learning environment created to simulate actual workplace scenarios.

During the initial stages, the 10 selected participants took part in group classes held at AstroLabs' premises in Riyadh, covering core development topics such as web development, databases, security, cloud and digital services, integration and programming, along with soft skills and personal competencies.

Afterward, the fellows got the opportunity to partake in mentorship sessions moderated by more than 10 subject matter experts involving established bankers and CEOs as well as members from the AstroLabs' network, amongst other stakeholders.

This immersive experience has equipped participants with the necessary technological tools, personalized support and unrivaled networking opportunities, including a visit to the LEAP conference held in Riyadh last May.

From her side, Reema Siyam, Head of Learning & Talent Management at Banque Saudi Fransi Academy, said, “As BSF takes strides towards its mission to become the most modern, innovative, and experience-focused bank in the region, we continue to focus on attracting, developing, and retaining top talent in KSA to achieve that mission. Our Banker Technologist Program focuses on the skills needed to accelerate digital transformation at the bank and on empowering our employees to take charge of their development.”

At the end of the program, the participants started to work within the bank’s verticals and were offered the opportunity to gather insights from senior leaders, industry experts and specialized mentors from AstroLabs’ wider network through weekly sessions.

On the occasion, Vice President of Key Accounts and Programs at AstroLabs, Fouad Fattal, said: “We are delighted to be completing the second cohort of the 'Banker Technologies' program, which represents a cornerstone of our commitment as a company to foster fintech talents amid a rapid uptake in digital banking as a key pillar of the fintech industry in Saudi Arabia.”

By providing tailored business and technology and unbridled networking opportunities, the “Banker Technologist” program remains instrumental in generating employment and shaping the future of fintech in Saudi Arabia.