Euromoney Saudi Arabia Conference plans panel on digital ecosystem

Updated 20 April 2016
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Euromoney Saudi Arabia Conference plans panel on digital ecosystem

Saudi Arabia’s financial sector is likely to encounter significant disruption from new financial technologies in the coming years, but could emerge stronger and more streamlined, according to experts gathering for the Euromoney Saudi Arabia Conference this May.
Financial technology (FinTech) is generating huge opportunities for banks, investors and new startup companies around the world, but is also generating a new range of risks for central banks and financial institutions.
Progress on implementing FinTech in the Kingdom has been relatively slow until recently, but new initiatives designed to enhance the business environment, reform regulatory support and provide access to capital are helping to create a positive ecosystem for FinTech deployment in Saudi Arabia.
In a special panel at the Euromoney Saudi Arabia Conference, senior experts from the Kingdom and major international companies will discuss the growing influence and impact of FinTech on the financial sector.
Mamdooh Al-Sedairy, chief information officer of Tadawul, will bring his experience in implementing and managing one of the world’s most sophisticated trading systems for the Saudi stock exchange.
In 2014, Tadawul and NASDAQ began a major project to replace the SAXESS trading platform with NASDAQ’s latest trading platform, X-stream INET Trading, which was launched in September 2015. The new platform is claimed as the fastest recorded trading engine.
He will be joined by Frans van Eersel, founder and CEO of dopay International, which provides a cloud-based payroll service that enables employers to calculate salaries and pay all employees - banked and unbanked — electronically.
The wide acceptance of smart phones, cloud-computing and technologies like blockchain are fundamentally changing the way financial services will be delivered, he added.
The 2016 Euromoney Saudi Arabia Conference is co-hosted with the Ministry of Finance and takes place at the Al Faisaliah Hotel in Riyadh on May 3 and 4.


Land Rover, Terry Grant smash world record

Stunt driver Terry Grant flipped the Range Rover Sport SVR up on to two wheels with the use of a ramp, before hitting speeds of up 60mph on Goodwood’s famous hillclimb.
Updated 19 July 2018
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Land Rover, Terry Grant smash world record

Land Rover and international stunt driver Terry Grant smashed a world record at this week’s Goodwood Festival of Speed, with a two-wheel speed run in the new Range Rover Sport SVR. Grant’s 2:24.5 run up the famous hillclimb broke Grant’s old record for a mile traveled in a car on two wheels, set in 2011, by more than 30 seconds.
Grant flipped the Range Rover Sport SVR up on to two wheels with the use of a ramp, before hitting speeds of up 60mph on Goodwood’s famous hillclimb as he set the new Guinness World Record time.
Grant snatched the record in a dramatic last gasp attempt on Sunday afternoon, having attempted four runs earlier in the weekend, none of which Grant managed to complete.
The Range Rover Sport SVR is a 575hp performance SUV, capable of 0-60mph in 4.3 seconds and a top speed of 174mph — with four wheels on the road, at least. The Range Rover Sport only required one modification for the world record run, a tweak to its differential to allow the car to deliver more power to the two wheels on the ground — both of which were pumped up to 90PSI.
Grant is a multiple world-record holder, with 25 Guinness World Records already to his name, and with this latest record, Grant has bested a 2:55 run that he himself set at Goodwood in 2011.
Stunt driver Grant said: “It really shouldn’t be underestimated how difficult a two-wheeled speed run like this is; you are always fighting to keep the car balanced right on the edge, as it tries to tip either one way or the other. You need to be conscious of everything, from the camber of the road to the strength of the wind. Thankfully, conditions were excellent and the Range Rover Sport SVR was the perfect precision tool for the job.”
The world record was not the only amazing Land Rover moment of the Festival of Speed, as 70 historic and important Land Rovers took to the hill in what was the largest batch of cars to ever tackle the famous route in one go. From 1948 to 2018, the parade of cars celebrated 70 years of one of Britain’s most iconic automotive brands.