- The threerd version of the Dubai FinTech Summit to be held on 7-8 Could 2025, beneath the directives of His Highness Sheikh Maktoum.
- The twond version of Dubai FinTech Summit attracted over 8,000 guests from 118 international locations world wide.
- Over 50 Memorandum of Understandings (MoUs) have been signed through the Summit with world monetary leaders.
- Greater than 20 high funding administration corporations with investments in 12,000 corporations participated within the Summit.
- Nik Storonsky, Founder and CEO of Revolut inked enlargement plans within the MEASA area, marking a major step in direction of fostering monetary inclusion by cutting-edge expertise.
- State Road International Advisors’ President and Chief Govt Officer, Yie-Hsin Hung confirmed the reopening of its Dubai workplaces.
- Dyna.Ai, the Singapore headquartered agency launched operations throughout Asia, the Center East, Africa, Europe, North America and Latin America, with workplaces deliberate within the UAE, Saudi Arabia, and Nigeria.
Dubai, UAE, thirteenth Could 2024, ZEX PR WIRE, The twond version of Dubai FinTech Summit (DFS) organised by Dubai Worldwide Monetary Centre (DIFC), beneath 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, concluded with resounding success. The third version of the Dubai FinTech Summit might be held on 7-8 Could 2025, additionally beneath the directives of His Highness Sheikh Maktoum.
From authorities officers and coverage makers to start-up founders, the two-day Summit, held at Madinat Jumeirah, introduced collectively an unprecedented gathering of greater than 8,000 decision-makers from 118 international locations world wide. These included over 300 thought leaders taking part in 125 discussions throughout 5 levels and over 200 exhibitors showcasing cutting-edge applied sciences. Over 20 authorities dignitaries have been additionally in attendance, together with the Mayor of Seoul, Central Financial institution Governors, and Deputy Governors.
His Excellency, Essa Kazim, Governor of DIFC, commented: “The Dubai FinTech Summit is not just a gathering, it is a platform for transformative discussions and collective action. The Dubai FinTech Summit stands as a beacon of impact, progress, and collaboration, creating unprecedented opportunities for growth and innovation. Dubai is at the forefront of shaping the future of finance and will continue to strengthen its position as a leading global hub for FinTech firms.”
Arif Amiri, Chief Govt Officer at DIFC Authority, opened day two of the Summit, adopted by two fireplace chats with His Excellency Helal Saeed Al Marri, Director Normal, Division of Economic system and Tourism, and Yie-Hsin Hung, President and Chief Govt Officer at State Road International Advisors.
Throughout his opening remarks, Arif Amiri, Chief Govt Officer at DIFC Authority, stated: “Right this moment, we’re experiencing a rare interval of technological transformation the place FinTech defines how we transact, how we save, and the way we handle our monetary lives. FinTech can be defining how conventional monetary companies corporations function. In recent times, we have now seen FinTech revenues develop globally six-fold. We have now additionally seen rising mainstream acceptance of cryptocurrencies, which is permitting for its market capitalisation to exceed USD 3trn. This 12 months, FinTech is once more anticipated to garner and safe an extra 5 per cent of world monetary service revenues. Within the subsequent two years, digital funds are anticipated to extend over 10trn {dollars}, and by 2030, north of 25 per cent of banking valuations are anticipated to be pushed by FinTech.
Dubai FinTech Summit affords a singular platform to discover the alternatives forward of us, which is why, at DIFC, our technique is firmly targeted on being on the coronary heart of this FinTech revolution. Throughout our 20 years of operations, we have now all the time embraced innovation. It’s a part of our X issue. We don’t merely speak about it however interact with it; with the expertise, with the traders and the regulators to execute it. Our visionary management has all the time enabled Dubai and DIFC to take a number one position in driving the way forward for finance and innovation. Because of this, we have now constructed the area’s most complete proposition that allows our shoppers to do and obtain nice issues in a spot that integrates FinTech firmly into its DNA. In a spot that pulls proficient entrepreneurs, encourages collaboration, and supplies world connectivity: a gateway between the east and the west, and a real nexus level for the worldwide markets.”
Over 50 worldwide associations participated within the Summit this 12 months, together with Africa FinTech Community, Enterprise France, FinTech Philippines Affiliation, European Blockchain Affiliation, International FinTech Alliance (GFA), Hong Kong FinTech Business Affiliation, Worldwide Digital Economic system Affiliation, Make investments Seoul, Luxembourg Institute of Monetary Know-how (LHOFT), Swiss Finance & Know-how Affiliation and Ladies in Web3 Affiliation, amongst others.
This 12 months’s Summit noticed the participation of over 1,000 traders, together with greater than 10 high executives from among the world’s largest banks, managing over USD 7trn in property beneath administration (AUM). As well as, over 40 FinTech and blockchain unicorns, with a mixed market capitalisation of over USD 400bn have been additionally current.
In the course of the two days, over 30 facet occasions have been hosted by native, regional, and worldwide companions of the Summit. Panels on the second day included a deep dive into among the most urgent matters throughout the monetary expertise panorama, starting from Excessive Curiosity Charges and Macroeconomic Volatility, Institutional Adoption and Regulatory Readability – Crypto’s Path Ahead, and D33 – A Decade of Financial Transformation, amongst others.
Dubai FinTech Summit additionally witnessed the signing of greater than 50 Memorandum of Understandings (MoUs) with world monetary leaders, in addition to a number of key bulletins from attending companies.
Nik Storonsky, Founder and CEO of Revolut introduced enlargement plans within the MEASA area, marking a major step in direction of fostering monetary inclusion by cutting-edge expertise. Revolut is a worldwide neobank and monetary expertise firm with headquarters within the UK that provides banking companies for retail clients and companies.
Recognising the potential of working within the area’s largest monetary ecosystem, State Road International Advisors’ CEO, Yie-Hsin Hung, additionally introduced that the agency is making a welcome return to DIFC. Based mostly on the area’s increasing alternatives, coupled with DIFC’s 20-year monitor file as a number one hub for finance and progress, DIFC has continued to attract in an intensive listing of banks, advisors, high-net-worth people, household workplaces, and sovereign wealth funds searching for publicity to the area’s fast-growth markets inside a future-forward regulated atmosphere.
Dyna.Ai, the Singapore-headquartered agency introduced the launch of its operations throughout Asia, the Center East, Africa, Europe, North America and Latin America, aiming to rework companies with AI. The corporate affords a collection of options for digital banking, danger administration, viewers communication, and worker productiveness to deal with present monetary challenges. Within the MEA area, workplaces might be opened within the UAE, Saudi Arabia, and Nigeria. Dyna Athena, a newly launched AI platform, will present revolutionary communication and interplay between clients, which can embrace options resembling text-to-speech, language and speech processing. Dyna Avatar, a brand-new humanoid buyer assistant, able to real-time voice-activated conversations in Arabic, English, Chinese language, Japanese and Thai, was additionally launched on the Summit.
Amongst a number of notable displays, Crypto Oasis offered an insightful replace on the UAE’s dynamic and ever-evolving blockchain ecosystem. In keeping with the presentation, lively corporations have surged by 13 per cent year-on-year, reaching 2,040 organisations, with a wholesome mixture of 71 per cent native and 29 per cent non-native blockchain corporations contributing to the ecosystem. There has additionally been a marked enhance within the business workforce, with over 10,600 people working within the blockchain house. One of many key components driving the crypto business has been a rise in regulatory readability, which has helped to draw world manufacturers resembling Bybit, Crypto.com, and OKX, which every obtained Digital Asset Service Supplier (VASP) licenses from VARA.
In step with the Dubai Financial Agenda (D33) to place Dubai as the highest 4 world monetary hubs by 2033, DFS is designed to encourage cross-border collaboration and innovation, central to reworking the worldwide FinTech sector. The Summit offered a singular alternative for attendees to discover rising FinTech developments and their potential to drive monetary progress within the MEASA area.
The 2nd version of the Dubai FinTech Summit was supported by over 150 world company companions. Visa as Founding Associate & Co-Host; Emirates NBD as Premium Banking Associate; e& life as Powered By sponsor; Business Financial institution of Dubai (CBD) as Strategic Banking Associate; Finvasia as Lead Sponsor; SC Ventures as Strategic Enterprise Associate; Dynatech AI as Powered By sponsor; and Mashreq as Diamond Sponsor, amongst others.
About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega occasion organised by the Dubai Worldwide Monetary Centre (DIFC), the main world monetary centre within the Center East, Africa and South Asia (MEASA) area. The twond version of the Dubai FinTech Summit will carry collectively over 8,000+ world business leaders, 1,500+ traders and coverage makers, signalling elevated urge for food for progress alternatives within the area.
Dubai FinTech Summit indicators new wave of economic innovation, alternative, transformation, and progress for the worldwide monetary companies sector. As a rising FinTech hub, Dubai can be spearheading the evolution of the monetary companies business, with investments in FinTech projected to develop by 17.2 per cent CAGR to USD949 billion from 2022 to 2030. The Summit aligns with the Dubai Financial Agenda D33’s strategic aim of propelling Dubai into the ranks of the highest 4 world monetary hubs by 2033.
The expanded programme of Dubai FinTech Summit is ready to exceed expectations by delving into key tracks, together with the way forward for FinTech, embedded and Open Finance, local weather finance, Web3 and digital property. The summit stands as a thought leadership-driven platform, addressing business challenges head-on and championing innovation.
Go to www.dubaiFinTechsummit.com
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For additional enquiries, please contact:
Samia Ahmad
Assistant Supervisor, Advertising and marketing at DIFC Innovation Hub
E: samia.ahmad@difc.com
Cellphone: +971 4 362 2657
