How TeamSec is Reshaping the Financial and Banking Sector in Saudi Arabia?
With its deep industry expertise and advanced tech capabilities, TeamSec is to promote innovation in the alternative financing market.
In recent years, Saudi Arabia’s financial and banking industry has undergone a profound digital transformation, creating significant new avenues for growth and innovation. The synergy between financial technology (fintech) and regulatory technology (regtech) has been a crucial catalyst for innovation, particularly in investment banking.
This shift has provided the ideal environment for businesses to offer technology-based services tailored specifically for corporations and financial institutions (FIs).
Recognizing the opportunity early on, TeamSec recently made a foray into the Kingdom to introduce a host of products and services that promote localized fintech innovation.
Saudi Arabia’s Thriving Capital Market Drives Demand for TeamSec’s Solutions
TeamSec is considered Turkey's first cloud-based structured finance platform that streamlines the securitization process. The company is rapidly expanding its presence in Saudi Arabia due to rising demand for securitization and alternative financing.
“The [Saudi] market is evolving quickly. The growth is driven by regulatory enhancements and a growing appetite for alternative funding mechanisms. And this presents significant opportunities for players like TeamSec,” said Esad Ekram, Founder & CEO of TeamSec.
“The potential to collaborate with leading financial institutions and contribute to the development of a robust capital market was a key motivator, ” he added.
TeamSec’s move-in was facilitated by AstroLabs, the Gulf’s leading business expansion platform.
"Our experience with AstroLabs' expansion team has been excellent. The support in navigating local regulations in a market pushing toward a cashless society and establishing ecosystem connections has been invaluable," noted Ekram.
“A key highlight was the smooth facilitation of licensing processes and introductions to stakeholders,” he added.
With its expansion, TeamSec aims to enhance liquidity and capital efficiency for financial institutions (FIs), aligning perfectly with the Kingdom’s ambitions to become a global financial powerhouse.
In fact, the capital market has become a crucial component in Saudi Arabia’s growth story. Foreign inflows into the Saudi capital market have soared past $58.1 billion in 2024. The number of qualified foreign investors (QFIs) on Tadawul has surged from 100 to nearly 4,200.
TeamSec Expands Fintech Offerings in Real Estate and Islamic Finance
The Kingdom's continuous regulatory improvements and maturing capital market made structured finance attractive for financial institutions (FIs).
“TeamSec’s decision to expand into Saudi Arabia was driven by the Kingdom’s dynamic and rapidly growing financial sector, particularly in areas like structured finance and securitization,” Ekram added.
Shortly following its entry, TeamSec launched its securitization services in Saudi Arabia, helping clients convert illiquid assets into investable securities to improve liquidity and unlock access to capital.
TeamSec’s growth plans include developing country-specific products across several domains, including real estate.
Most recently, it launched Residential Mortgage-Backed Securities (RMBS) to help lenders free up capital and optimize cash flow in the expanding housing market.
By making home financing easier and creating a more fluid housing market, this product directly supports Vision 2030's goal of increasing homeownership.
Beyond real estate, the company aims to offer innovative products in Islamic finance, leveraging Saudi Arabia’s global leadership status in this field.
Typically, Saudi Arabia leads Islamic finance with $830 billion in Islamic banking assets, 30% of the world's Sharia-compliant holdings. This has made Sukuk structuring and securitization a key focus area for TeamSec.
The Sukuk market is projected to reach $200 billion by 2025, while Islamic fintech innovations are expected to drive transaction volumes toward $306 billion by 2027.
With Saudi Arabia setting new global standards in financial innovation in light of Vision 2030’s diversification efforts, TeamSec is well placed to drive financial inclusion and economic progress in this fast-growing economy.
