His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister of the UAE, Minister of Finance and Chairman of DIFC, as we speak addressed the continuing assembly at Madinat Jumeirah. The 2nd Dubai FinTech Summit has begun. , Dubai with the theme of “Exploring the way forward for FinTech”.

Organized by Dubai Worldwide Monetary Heart (DIFC), a number one international monetary heart within the Center East, Africa and South Asia (MEASA) area, this yr's Dubai Fintech Summit will convey collectively over 8,000 trade leaders from over 100 international locations. .

Commenting on this event, His Highness Sheikh Maktoum bin Mohammed stated: “Dubai as we speak has the best infrastructure and legal guidelines in place to turn out to be a world fintech hub for the world. Town provides new development alternatives for fintech corporations on this fast-growing sector. We provide a singular atmosphere for the fintech trade to thrive, in step with Dubai Financial Agenda D33's aim of creating the Emirate of Dubai as one of many prime 4 monetary facilities on the planet. Now we have constructed a dynamic ecosystem to

Moreover, His Highness stated that the second Dubai FinTech Summit will spotlight the continuing technology-driven transformation of the monetary sector and the pressing want to focus on the impression of innovation, monetary inclusion and sustainability as a lifestyle. He added that there’s an emphasis on sexuality. “By collaboration and partnerships between banks, monetary know-how corporations and monetary companies software platforms, Dubai is poised to guide the way forward for this dynamic sector. By specializing in customer- and investor-centric monetary and banking companies. This can pave the best way for excellent progress sooner or later,” stated Sheikh Maktoum.

His Highness additional added: “The summit will foster wealthy discussions concerning the evolving monetary panorama pushed by the transformative energy of synthetic intelligence, digital currencies, and modern applied sciences. We stay up for exploring the optimistic impacts and alternatives inherent in the usage of synthetic intelligence within the rising world of know-how, which Dubai has achieved on this sector on account of its progressive insurance policies, modern rules and superior infrastructure. There are not any limits to what you are able to do.”
Throughout his go to, His Highness Sheikh Maktoum attended the summit's opening session and met with a number of international leaders in know-how, finance and regulatory reform.
DIFC Governor His Excellency Essa Kazim stated: “DIFC has turn out to be a key development driver for Dubai’s financial system, contributing considerably to GDP. Its accelerating development trajectory is predicted to double the dimensions of Dubai’s financial system over the following decade, making it one of many world’s prime three cities for enterprise and funding. Totally per Dubai Financial Agenda D33's goal of strengthening its place as one of many MEASA area's largest contributors to the worldwide monetary companies trade, with DIFC's unprecedented development over the previous 20 years. Dubai's place has been solidified.

He added: “By our strategic initiatives, we intention to supply a dynamic atmosphere for innovation and companies to thrive. Dubai and the DIFC have created a supportive and agile regulatory framework to help rising The Dubai FinTech Summit has additionally invested closely within the fintech ecosystem by offering funding, sandbox environments, and entry to cutting-edge infrastructure for each enterprises and incumbents. As fast advances drive innovation on this subject, we provide distinctive alternatives for collaboration between conventional monetary establishments and FinTech corporations.”

Dubai FinTech Summit supplies the proper platform for startups, buyers, and trade leaders to attach with and benefit from the rising FinTech market within the area and past. The fintech startup and enterprise capital panorama within the MENA area is booming, with over 800 fintech startups valued at $15.5 billion, based on dealroom.co knowledge.
Arif Amiri, CEO of DIFC Authority, stated: “DIFC supplies a thriving enterprise atmosphere the place know-how meets alternative, enabling fintech corporations to excel and scale globally.” By fostering robust partnerships and fostering cross-border collaboration, , we’re setting new requirements for monetary excellence.

The Dubai FinTech Summit embodies this dedication by bringing collectively trade leaders, innovators and policymakers from all over the world to debate the way forward for finance. The platform not solely highlights Dubai's central function within the international monetary ecosystem, but additionally demonstrates Dubai's place as a catalyst for financial development and technological development within the MEASA area and past. ”

Investments in FinTech are projected to develop at a CAGR of 17.2% to $949 billion from 2022 to 2030, offering entry to high-growth rising markets all over the world and within the Center East and North Africa. The continued tempo of FinTech innovation in Dubai (MENA), Western Europe, Asia and Africa is additional accelerating.

The 2nd Dubai FinTech Summit shall be held on an unprecedented scale for a purely FinTech-focused occasion. According to D33, which positions Dubai among the many prime 4 international monetary hubs by 2033, the Dubai FinTech Summit goals to foster cross-border collaboration and innovation, which is important to remodeling the worldwide fintech sector. I’m. This supplies a singular alternative to discover rising FinTech developments and their potential to drive monetary development within the MEASA area.

The 2-day summit shall be attended by various outstanding native and worldwide audio system, and the Dubai FinTech Summit guarantees partaking and thought-provoking panel discussions and hearth chats. Members will entry key insights from His Excellency Abdullah bin Touk Al Marri, UAE Minister of Economic system. His Excellency Fahad M. Alturki, Govt Director and Chairman of the Board of the Arab Financial Fund. His Excellency Helal Saeed Al Marri, Director Basic, Dubai Ministry of Economic system and Tourism. His Excellency Faisal Belhoor, Vice President of Dubai Chamber of Commerce and Trade and Chairman of J&F Holding;

Adena T. Friedman, Nasdaq Chairman and Chief Govt Officer; Nick Dreckman, CEO of Julius Baer Financial institution. Mr. Yixing Hung, President and CEO of State Road International Advisors; Together with many different international trade leaders, we may also be sharing our views on the way forward for FinTech.

Day 1 of the Dubai FinTech Summit featured insightful discussions on the theme of 'Regulation and Policymaking'. 'Crypto Funds'; 'Embedded Open Finance'; 'AI and the Way forward for Finance'; 'VC, Entrepreneurship and Past'; 'Company Finance'; 'Monetary Inclusion and Client Safety'. extra.

The second day featured opening remarks by Arif Amiri, Chief Govt Officer of the DIFC Authority, adopted by a high-profile hearth with international trade leaders, together with a session on “Excessive Curiosity Charges and Macroeconomic Volatility” Chat guarantees equally energetic dialogue. “Institutional Implementation and Regulatory Readability – The Future Course of Cryptocurrency”; “D33 – His Decade of Financial Transformation” and extra. View the complete agenda right here.

The 2nd Dubai FinTech Summit is supported by over 150 international company companions, with Visa becoming a member of as a founding associate and co-host. Emirates NBD as Founding Accomplice and Premium Banking Sponsor; e& as Founding Accomplice and “backed” by the Sponsor. Dubai Industrial Financial institution appointed as founding associate and strategic banking sponsor.