Maktoum Bin Mohammed Opens Second Version Of Dubai Fintech Summit

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance of the UAE and President of DIFC, in the present day opened the second version of the Dubai FinTech Summit, which is being held at Madinat Jumeirah, Dubai beneath the theme ‘Pioneering FinTech’s Future’.

Organised by the Dubai Worldwide Monetary Centre (DIFC), the main international Monetary Centre within the Center East, Africa and South Asia (MEASA) area, this 12 months’s Dubai FinTech Summit brings collectively greater than 8,000 trade leaders from over 100 international locations.

Commenting on the event, HH Sheikh Maktoum bin Mohammed mentioned: “Dubai in the present day has the best infrastructure and laws to grow to be the world’s international FinTech hub. The town offers a novel setting for FinTech firms to leverage new development alternatives on this quickly rising sector. Now we have created a dynamic ecosystem for the FinTech trade to thrive, consistent with the purpose of the Dubai Financial Agenda D33 to determine the emirate as one of many high 4 monetary centres worldwide.”

His Highness added that the second version of the Dubai FinTech Summit highlights the continuing transformation of the technology-led monetary sector, and the pressing have to deal with innovation, monetary inclusion, and the affect of sustainability as a lifestyle. “By means of collaboration and partnerships between banks, monetary expertise firms, and monetary companies utility platforms, Dubai is poised to steer the way forward for this dynamic sector. By specializing in buyer and investor-centric monetary and banking companies, this may pave the best way for vital developments sooner or later,” Sheikh Maktoum mentioned.

His Highness added: “The summit will foster wealthy discussions on the evolving panorama of finance, pushed by the transformative forces of synthetic intelligence, digital currencies, and progressive expertise. Along with trade leaders, we sit up for exploring the optimistic affect and alternatives inherent in using synthetic intelligence in monetary companies, the rising world of digital currencies and blockchain expertise. With its progressive insurance policies, progressive rules and superior infrastructure, there isn’t any restrict to what Dubai can accomplish within the sector.”
Throughout his go to, His Highness Sheikh Maktoum attended the opening session of the summit and met with a number of international leaders in tech, finance and regulatory reform.
His Excellency Essa Kazim, Governor at DIFC, mentioned: “DIFC has grow to be a serious engine of development for Dubai’s economic system and a major contributor to its GDP. Its accelerated development trajectory is completely aligned with the objectives of the Dubai Financial Agenda, D33 to double the dimensions of Dubai’s economic system over the following decade and reinforce its standing as one of many world’s high three cities for enterprise and funding. DIFC’s unprecedented development during the last 20 years consolidates Dubai’s standing because the MEASA area’s foremost contributor to the worldwide monetary companies trade.”

He added, “By means of strategic initiatives, we search to offer a dynamic setting for innovation and enterprise to flourish. Dubai and DIFC have invested closely in its FinTech ecosystem by making a supportive and agile regulatory framework, and by offering entry to funding, sand-box environments and state-of-the-art infrastructure for start-ups and established firms alike. The Dubai FinTech Summit additionally presents a novel alternative for collaboration between conventional monetary establishments and FinTech companies, particularly with speedy AI developments driving innovation throughout the sector.”

The Dubai FinTech Summit presents the proper platform for start-ups, buyers and trade leaders to attach and capitalise on the rising FinTech market within the area and past. The MENA area’s FinTech start-up and enterprise capital panorama is booming, with over 800 FinTech start-ups value $15.5 billion, in line with information by dealroom.co.
Arif Amiri, Chief Government Officer at DIFC Authority, mentioned: “DIFC presents a thriving enterprise setting the place expertise meets alternative, enabling FinTech firms to excel and increase on a worldwide scale. By fostering strong partnerships and facilitating cross-border collaboration, we’re setting new requirements for monetary excellence.

The Dubai FinTech Summit exemplifies 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 position within the international monetary ecosystem but in addition demonstrates our place as a catalyst for financial development and technological development within the MEASA area and past.”

Investments in FinTech, projected to develop by 17.2% CAGR to $949 billion from 2022 to 2030, are additional accelerating the continuing tempo of FinTech innovation globally and in Dubai, which presents entry to high-growth rising markets within the Center East and North Africa (MENA), Western Europe, Asia and Africa.

The second version of the Dubai FinTech Summit is happening at an unprecedented scale for an occasion targeted purely on FinTech. In keeping with D33 to place Dubai as the highest 4 international monetary hub by 2033, the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to reworking the worldwide FinTech sector. It presents a novel alternative to discover rising FinTech tendencies and their potential to drive monetary progress within the MEASA area.

With a powerful line-up of distinguished native and worldwide audio system in attendance through the two-day summit, the Dubai FinTech Summit guarantees partaking and thought-provoking panel discussions and hearth chats. Delegates will entry key insights from His Excellency Abdulla bin Touq Al Marri, UAE Minister of Financial system; His Excellency Fahad M. Alturki, Director Basic and Chairman of the Board of the Arab Financial Fund; His Excellency Helal Saeed Al Marri, Director Basic of Dubai Division of Financial system and Tourism; and His Excellency Faisal Belhoul, Vice Chairman of the Dubai Chamber and Chairman of J&F Holding.

Adena T. Friedman, Chair and Chief Government Officer of Nasdaq; Nic Dreckmann, Chief Government Officer of Financial institution Julius Baer; Yie-Hsin Hung, President and Chief Government Officer of State Road International Advisors; together with many different international trade leaders may also carry their views on the way forward for FinTech.

Day one of many Dubai FinTech Summit noticed insightful debates on the matters of ‘Regulation and Policymaking’; ‘Crypto Funds’; ‘Embedded and Open Finance’; ‘AI and the Way forward for Finance’; ‘VC, Entrepreneurship and Past’; ‘Company Finance’; ‘Monetary Inclusion and Shopper Safety’; and extra.

Day two guarantees equally vibrant discussions with opening remarks by Arif Amiri, Chief Government Officer of DIFC Authority, adopted by excessive profile hearth chats with international trade leaders together with classes on ‘Excessive Curiosity Charges and Macroeconomic Volatility’; ‘Institutional Adoption and Regulatory Readability – Crypto’s Path Ahead’; ‘D33- A Decade of Financial Transformation’ and extra. View the complete agenda right here.

The second version of the Dubai FinTech Summit is supported by over 150 international company companions, with Visa as founding associate and co-host; Emirates NBD as founding associate and premium banking sponsor; e& as founding associate and ‘powered by’ sponsor; and Business Financial institution of Dubai as founding associate and strategic banking sponsor.