The 2-day summit brings collectively 5,000 world C-suite executives and 100 attendees to supply a novel platform for startups, traders and trade leaders to attach and collaborate.
Mohammad Alblooshi: Nearly 60% of GCC FinTech firms are situated in Dubai. The inaugural summit guarantees to enthrall and encourage audiences all over the world.
Dubai is house to greater than 20% of the world’s FinTech companies and the MEASA area’s FinTech sector is anticipated to double in worth from $135.9 billion to USD in 2021 to 266.9 billion USD in 2027
Dubai Authorities Media Workplace – 2023 Might 2: On Might 8 and 9, Dubai will host the primary Dubai FinTech Summit below the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE.
The summit will likely be hosted by the Dubai Worldwide Monetary Heart (DIFC), the main worldwide monetary heart within the Center East, Africa and South Asia (MEASA). The occasion will likely be held at Madinat Jumeirah and can deliver collectively over 5,000 world FinTech C-suite executives and know-how specialists to debate the most recent improvements and challenges within the sector.
The worldwide FinTech sector is rising quickly and it’s predicted that by 2025 its worth will attain 305 billion US {dollars}, in response to analysis and market evaluation firm Analysis and Markets. In accordance with DIFC FinTech Hive 2022 report, the worth of trade within the MEASA area is anticipated to double from 135.9 billion USD in 2021 to 266.9 billion USD in 2027
The Dubai FinTech Summit will supply a novel platform for startups, traders and trade leaders to attach and capitalize on the rising FinTech market within the area and past. In accordance with dealroom.co, the FinTech startup and enterprise capital atmosphere within the MENA area is booming, with greater than 800 FinTech firms valued at $15.5 billion. In accordance with Mordor Intelligence’s UAE Fintech Market – Progress, Traits and Forecasts (2023-2028) report, Dubai alone is house to greater than 20% of the world’s FinTech firms. The FinTech Summit will characteristic quite a few panel discussions, fireplace chats and over 100 FinTech attendees.
MasterCard in 2022 digital funds index report reveals that digital funds are gaining reputation within the MENA area. Greater than 85% of respondents reported utilizing at the least one rising fee methodology up to now 12 months, indicating a shift away from money transactions. Amongst MENA nations, the UAE stands out as able to embrace a cashless society. In accordance with the occasion’s co-organizer sponsor Visa, 52% of UAE customers already should not have money or plan to by 2024.
The summit will characteristic distinguished audio system from each the native and worldwide arenas. Notable audio system embody HE Abdulla bin Touq Al Marri, UAE Minister of Economic system; Invoice Winters, Group CEO, Commonplace Chartered; Brad Garlinghouse, Ripple CEO; Piyush Gupta, CEO, DBS Financial institution Singapore; Jenny Johnson, President and CEO of Franklin Templeton; and Brian Armstrong, CEO and co-founder of Coinbase.
Mohammad AlblooshiThe pinnacle of the DIFC Innovation Heart and FinTech Hive highlighted the significance of the Dubai FinTech Summit. “Almost 60% of all GCC FinTech firms are at present situated within the metropolis. Because the trade grows at an unprecedented price, it’s important that stakeholders come collectively to debate the challenges and alternatives that lie forward. The Dubai FinTech Summit guarantees to deliver collectively the trade’s most distinguished figures with an agenda that may enthrall and encourage audiences all over the world.
The summit will present a platform for contributors to take part in discussions and change concepts on rising tendencies, regulatory frameworks and future alternatives. The occasion will characteristic discussions on a wide range of matters, together with “Constructing the Future Economic system,” “Crypto and the Evolving Regulatory Framework,” “The World of Finance: The place Are the Ladies?” and
“Constructing a Resilient and Sustainable Monetary Sector in an Age of Disruption.” Attendees could have the chance to achieve priceless insights on these vital points from trade leaders and specialists.
The panel dialogue will present a possibility for specialists to share their insights on present and future points dealing with the FinTech trade and discover how they will form the way forward for the monetary sector. The agenda guarantees to be informative and insightful, offering priceless alternatives for networking and collaboration amongst contributors.
