The second edition of the Dubai FinTech Summit kicked off with a bang as more than 8,000 industry leaders from over 100 countries gathered at Madinat Jumeirah, Dubai to discuss the future of FinTech and unlock new opportunities in the rapidly growing sector. 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, inaugurated the summit under the theme ‘Pioneering FinTech’s Future’.
In his opening remarks, HH Sheikh Maktoum highlighted Dubai’s potential to become the world’s global FinTech hub, thanks to its ideal infrastructure and legislation. He emphasized the city’s unique environment for FinTech companies to thrive and leverage new growth opportunities. Sheikh Maktoum also underscored the importance of innovation, financial inclusion, and sustainability in the transformation of the technology-led financial sector.
The summit aims to foster discussions on the evolving landscape of finance, driven by artificial intelligence, digital currencies, and innovative technology. With a focus on collaboration and partnerships between banks, financial technology companies, and financial services application platforms, Dubai is poised to lead the future of the dynamic FinTech sector.
Essa Kazim, Governor at DIFC, highlighted the center’s unprecedented growth over the last 20 years, consolidating Dubai’s status as the MEASA region’s foremost contributor to the global financial services industry. Through strategic initiatives and a supportive regulatory framework, DIFC aims to provide a dynamic environment for innovation and enterprise to flourish, attracting both start-ups and established companies in the FinTech ecosystem.
Arif Amiri, Chief Executive Officer at DIFC Authority, emphasized DIFC’s role as a catalyst for economic growth and technological advancement in the MEASA region and beyond. The summit offers a platform for start-ups, investors, and industry leaders to connect and capitalize on the growing FinTech market in the region, which is projected to grow significantly in the coming years.
With investments in FinTech expected to grow by 17.2% CAGR to $949 billion from 2022 to 2030, Dubai’s strategic location offers access to high-growth emerging markets in MENA, Western Europe, Asia, and Africa. The Dubai FinTech Summit aims to encourage cross-border collaboration and innovation, essential for transforming the global FinTech sector and driving financial progress in the region.
The summit features a strong line-up of distinguished local and international speakers, engaging in panel discussions and fireside chats on various topics such as regulation, crypto payments, AI, financial inclusion, and more. Day two promises equally vibrant discussions with sessions on high-interest rates, institutional adoption of crypto, and economic transformation.
Supported by over 150 global corporate partners, including Visa, Emirates NBD, and Commercial Bank of Dubai, the Dubai FinTech Summit is set to pave the way for groundbreaking advancements in the FinTech industry, solidifying Dubai’s position as a leading global financial hub. Follow Emirates 24|7 on Google News for the latest updates on the summit.