The 2-day summit brings collectively 5,000 international senior executives and 100 exhibitors to offer a novel platform for startups, traders and business leaders to attach and collaborate.

Mohammad Alblooshi: Almost 60% of FinTech firms within the GCC are based mostly in Dubai. The inaugural Summit guarantees to captivate and encourage audiences world wide.

Dubai is residence to greater than 20% of world FinTech firms, and the FinTech sector within the MEASA area is anticipated to double in worth from $135.9 billion in 2021 to $266.9 billion in 2027.

Dubai Authorities Media Workplace – Might 02, 2023: Dubai will host the first-ever Dubai FinTech Summit on Might 8-9 below the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Governor of Dubai and Deputy Prime Minister and Minister of Finance of the United Arab Emirates.

The summit will likely be hosted by the Dubai Worldwide Monetary Middle (DIFC), the main worldwide monetary heart within the Center East, Africa and South Asia (MEASA) area. The occasion will happen at Madinat Jumeirah and can deliver collectively greater than 5,000 executives and expertise specialists from the worldwide C-suite FinTech to debate the newest improvements and challenges within the sector.

The worldwide FinTech sector is rising quickly and is anticipated to be valued at $305 billion worldwide by 2025, in line with Analysis and Markets, a market intelligence and evaluation agency. Within the MEASA area, the worth of the business is anticipated to double from $135.9 billion in 2021 to $266.9 billion in 2027, in line with the DIFC FinTech Hive 2022 report.

The Dubai FinTech Summit will present a novel platform for startups, traders and business leaders to attach and capitalize on the rising FinTech market within the area and past. The FinTech startup and enterprise capital panorama within the MENA area is booming, with greater than 800 FinTech startups price $15.5 billion, in line with information from dealroom.co. Dubai alone is residence to greater than 20% of world FinTech firms, in line with the UAE Fintech Market – Progress, Tendencies, and Forecasts (2023 – 2028) report by Mordor Intelligence. The FinTech Summit will characteristic a collection of panel discussions, hearth chats and over 100 FinTech exhibitors.

Mastercard’s 2022 Digital Funds Index report reveals that digital funds are gaining traction within the MENA area. Greater than 85% of respondents stated that they had used no less than one rising fee technique prior to now 12 months, indicating a transfer away from money transactions. Among the many international locations within the MENA area, the United Arab Emirates stands out as able to embrace a cashless society. In accordance with the occasion’s co-organizing sponsor, Visa, 52% of shoppers within the UAE are already cashless or plan to be cashless by 2024.

The Summit will characteristic a spread of distinguished audio system from native and worldwide arenas. Notable audio system embody HE Abdulla bin Touq Al Marri, Minister of Economic system of the United Arab Emirates; Invoice Winters, group chief government of Commonplace Chartered; Brad Garlinghouse, CEO of Ripple; Piyush Gupta, CEO of DBS Financial institution Singapore; Jenny Johnson, President and CEO of Franklin Templeton; and Brian Armstrong, CEO and co-founder of Coinbase, amongst others.

Mohammad Alblooshi, Head of DIFC Innovation Middle and FinTech Hive, highlighted the significance of the Dubai FinTech Summit. “Almost 60% of all FinTech firms within the GCC are presently based mostly within the metropolis. With the business rising at an unprecedented price, it’s essential that stakeholders come collectively and focus on the challenges and alternatives forward. The Dubai FinTech Summit guarantees to deliver collectively essentially the most distinguished figures within the business, with a program that can captivate and encourage audiences world wide.

The Summit will present members with a platform to take part in discussions and change concepts on rising tendencies, regulatory frameworks and future potentialities. The occasion will characteristic discussions on a spread of subjects, together with “Constructing the Economies of the Future”, “Crypto and the Altering 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 may have the chance to realize helpful insights on these essential points from business leaders and specialists.

The roundtables will present a platform for specialists to share their views on present and future points within the FinTech business and discover how they will form the way forward for the monetary sector. The agenda guarantees to be informative and insightful, offering helpful alternatives for networking and collaboration amongst attendees.