FinTech Funding Continues to Surge as Second Edition of Dubai FinTech Summit Commences
2024年4月25日 - 2:47AM
JCN Newswire
For the second consecutive year, Dubai will remain in the
spotlight as it hosts the second edition of Dubai FinTech Summit,
under the patronage of His Highness Sheikh Maktoum bin Mohammed bin
Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime
Minister, and Minister of Finance of the UAE and President of DIFC,
which is set to take place on 6-7 May at Madinat Jumeirah.
Organised by Dubai International Financial Centre (DIFC), the
leading global financial hub in the Middle East, Africa and South
Asia (MEASA) region, the Summit will bring together 8,000
decision-makers, over 300 thought leaders and more than 200
exhibitors to discuss the latest innovations and challenges and
showcase cutting-edge technologies.
The global FinTech sector is rapidly growing and is predicted to be
valued at USD 608bn globally by 2029, according to Mordor
Intelligence, a market intelligence and advisory firm. Bucking the
downward global market trend, the MENA FinTech market is expected
to register a CAGR of over eight per cent during the period 2024 to
2029.
Dubai FinTech Summit will offer a platform for start-ups, investors
and industry leaders to connect and capitalise on the growing
FinTech market in the region and beyond. The MENA region's FinTech
start-up and venture capital landscape is booming, with over 800
FinTech start-ups worth USD15.5 bn, according to data by
dealroom.co. Reflecting the ongoing transformation in the financial
sector driven by Innovation, Inclusion, and Impact, the key themes
this year will be Finance Renaissance, Ecofinance and Impact,
Investment Vanguard, Regulatory Frameworks, Global Financial
Dynamics and FinTech 2.0.
Mohammad Alblooshi, CEO at DIFC Innovation Hub, said: "Nearly 60
per cent of all FinTech companies in the GCC are currently based in
Dubai. With the industry growing at an unprecedented rate, it is
crucial for stakeholders to gather and discuss the challenges and
opportunities that lie ahead. The Dubai FinTech Summit will bring
together the most prominent figures in the industry, with an agenda
that is aimed at driving innovation, inclusivity, and growth for
all."
With an impressive line-up of distinguished local and international
speakers, the Dubai FinTech Summit will host a series of panel
discussions and fireside chats. More than 20 governors of financial
institutions will attend the summit this year, amongst them, H.E.
Essa Kazim, Governor, DIFC, UAE; H.E. Dr. Philmnisi, Governor,
Central Bank of Eswatini; H.E. Cheaserey, Governor National Bank of
Cambodia; H.E. Martin Galstyan, Governor, Central Bank of Armenia;
H.E. John Rwangombwa, Governor, National Bank of Rwanda; H.E. Prof.
Edward Scicluna, Governor, Central Bank of Malta will participate
in discussions during the two-day event. Adena T. Friedman, Chair
& CEO of Nasdaq Inc; Nic Dreckman, CEO of Bank Julius Baer
& Co.; Yie-Hsin Hung, President & CEO of State Street
global advisors and Jim Demare, President global markets at Bank of
America, along with many other global industry leaders will also be
participating in the various sessions planned for the Summit.
Notable local speakers include H.E. Abdullah bin Touq Al Marri,
Cabinet Member & UAE Minister of Economy; H.E. Helal Saeed Al
Marri, Director General, Department of Economy and Tourism, Dubai;
H.E. Salem Humaid Al Marri, Director General, Mohammed Bin Rashid
Space Centre, UAE; and H.E. Faisal Belhoul, Vice Chairman of the
Dubai Chamber, Chairman of J&F Holding.
A key highlight of the Dubai FinTech Summit will be the Grand
Finale of the FinTech World Cup (FWC). The champions of the FinTech
World Cup will be announced on Day 2 of the summit with the winners
securing an investment of up to USD 1 million. The competition is a
growth-enabling initiative by DFS designed to encourage
cross-border collaboration and stellar innovation, pivotal to
transforming the global FinTech sector.
In line with the D33 Agenda to position Dubai as the top four
global financial hub by 2033, the 2nd edition of the Dubai FinTech
Summit is designed to encourage cross-border collaboration and
innovation, pivotal to transforming the global FinTech sector. It
presents a unique opportunity to explore emerging FinTech trends
and their potential to drive financial progress in the MEASA
region.
The inaugural Dubai FinTech Summit attracted over 5,000 C-suite
leaders from over 90 countries including north of 1,000 investors
and more than 150 speakers. Over 20 Memorandum of Understandings
were signed with global financial leaders during the Summit.
About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega event organised by the Dubai
International Financial Centre (DIFC), the leading global financial
centre in the Middle East, Africa and South Asia (MEASA) region.
The 2nd edition of the Dubai FinTech Summit will bring together
over 8,000+ global industry leaders, 1,500+ investors and policy
makers, signalling increased appetite for growth opportunities in
the region.
Dubai FinTech Summit signals new wave of financial innovation,
opportunity, transformation, and growth for the international
financial services sector. As a rising FinTech hub, Dubai is also
spearheading the evolution of the financial services industry, with
investments in FinTech projected to grow by 17.2 per cent CAGR to
USD949 bn from 2022 to 2030. The summit aligns with the Dubai
Economic Agenda D33's strategic goal of propelling Dubai into the
ranks of the top four global financial hubs by 2033.
The expanded programme of Dubai FinTech Summit is set to exceed
expectations by delving into key tracks, including the future of
FinTech, embedded and Open Finance, climate finance, Web3 and
digital assets. The summit stands as a thought leadership-driven
platform, addressing industry challenges head-on and championing
innovation.
To register for the event, visit www.dubaifintechsummit.com.
Visitors can purchase tickets for the Dubai FinTech Summit 2024,
with early bird prices ending soon.
For further enquiries, please contact:
Samia Ahmad Assistant Manager, Marketing
DIFC Innovation Hubsamia.ahmad@difc.com
Tel:: +9714 362 2657
Shadi Dawi
Director of PR & Strategic Partnerships
Trescon Global
Mobile: +971 55 498 4989
shadi@tresconglobal.com
Source: trescon
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