EVIDENT's recent strategic expansion into the United Arab Emirates (UAE) fintech market was prominently featured in a report by the Economic Observer. The article, titled "Hong Kong fintech companies are planning to expand into the Middle East," discusses the increasing efforts by Hong Kong-based fintech firms to tap into the rapidly evolving financial ecosystem of the Middle East, specifically highlighting EVIDENT’s collaboration with Zand Bank.

Florian Spiegl, Founder and CEO of EVIDENT, emphasized the importance of long-term relationship building and cultural understanding in successfully entering the UAE market. EVIDENT recently signed a memorandum of cooperation with Zand Bank, the UAE’s first fully licensed digital bank, during the Dubai Fintech Summit in mid-May. The partnership will enable Zand Bank to offer its private wealth clients access to alternative investments, such as private equity and infrastructure, via EVIDENT's advanced digital investment platform.

The article underscores the strategic significance of EVIDENT's extensive engagement with regulatory bodies such as the Dubai Financial Services Authority, the Dubai Virtual Asset Authority, and the UAE Central Bank. EVIDENT has already established a subsidiary in the UAE and is in the process of obtaining the necessary regulatory licenses to fully operate in compliance with local frameworks.

The Economic Observer also highlights the broader context of Hong Kong fintech firms' expanding presence in the Middle East, noting the necessity for firms like EVIDENT to deeply integrate into local business environments by adapting products, engaging local talent, and providing sustainable economic contributions.

Florian Spiegl reiterated that the UAE and the broader Middle East represent a key strategic region for global fintech growth, positioning itself as a critical hub connecting Eastern and Western economic interests.

Read the full Economic Observer article here: Hong Kong fintech companies expanding into the Middle East