- The Dubai FinTech Summit is scheduled for May 6-7 at Madinat Jumeirah.
- Over 800 FinTech startups valued at USD 15.5 billion underline the region’s FinTech boom.
- High-profile leaders and regulators from the global financial sector will participate.
- Discussions will cover crucial themes like innovation, investment, and regulatory frameworks.
- The summit will host the Grand Finale of the FinTech World Cup, offering startups a chance to win up to USD 1 million in investment support.
The second edition of the Dubai FinTech Summit is set to take place on 6-7 May at Madinat Jumeirah, Dubai. Under the patronage of H H 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, the summit is organized by Dubai International Financial Centre (DIFC), the leading global financial hub in the MEASA region.
With the global FinTech sector predicted to be valued at USD 608 billion by 2029, according to Mordor Intelligence, a market intelligence and advisory firm, the summit comes at a crucial time. Despite global market trends, the MENA FinTech market is expected to register a Compound Annual Growth Rate (CAGR) of over eight per cent during the period 2024 to 2029.
The event will bring together 8,000 decision-makers, over 300 thought leaders, and more than 200 exhibitors. It aims to discuss the latest innovations, challenges, and showcase cutting-edge technologies in the FinTech sector.
Dubai, already a prominent global financial hub, is increasingly focusing on nurturing its FinTech ecosystem. The summit provides an excellent platform for stakeholders to network, share knowledge, and explore opportunities in the rapidly evolving FinTech landscape.
The Dubai FinTech Summit serves as a crucial platform for start-ups, investors, and industry leaders to connect and capitalize on the rapidly growing FinTech market, not only in the MENA region but also globally. With over 800 FinTech start-ups valued at USD 15.5 billion, the MENA region is experiencing a significant boom in its FinTech and venture capital landscape.
According to data provided by dealroom.co, the MENA region is home to over 800 FinTech start-ups valued at a staggering USD 15.5 billion. Among these, nearly 60% are based in Dubai, making it a key hub for FinTech innovation in the region.
The Dubai FinTech Summit will focus on several key themes, including Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics, and FinTech 2.0. These themes reflect the ongoing transformation in the financial sector, driven by innovation, inclusion, and impact.
Mohammad Alblooshi, CEO of DIFC Innovation Hub, emphasized the importance of the summit, stating, “With the industry growing at an unprecedented rate, stakeholders must gather and discuss the challenges and opportunities that lie ahead.” He added that the summit will bring together prominent figures in the industry to drive innovation, inclusivity, and growth for all.
The summit aims to provide a collaborative platform for industry stakeholders to exchange ideas, explore new opportunities, and address challenges. By fostering innovation and inclusivity, the Dubai FinTech Summit is poised to play a pivotal role in shaping the future of the FinTech industry in the region and beyond.
The two-day summit will feature discussions led by notable figures from both global and local financial sectors. Among the international participants are H.E. Cheaserey, Governor of the National Bank of Cambodia, H.E. Martin Galstyan, Governor of the Central Bank of Armenia, H.E. John Rwangombwa, Governor of the National Bank of Rwanda, and H.E. Prof. Edward Scicluna, Governor of the Central Bank of Malta.
Additionally, global industry leaders like 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 of Global Markets at Bank of America, will participate in various sessions planned for the Summit.
The summit will also host notable local speakers, including H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy, H.E. Helal Saeed Al Marri, Director General of the Department of Economy and Tourism in Dubai, H.E. Salem Humaid Al Marri, Director General of the Mohammed Bin Rashid Space Centre in the UAE, and H.E. Faisal Belhoul, Vice Chairman of the Dubai Chamber and Chairman of J&F Holding.
With such a diverse array of participants, the summit promises to be an enriching experience, offering insights into global economic trends, financial strategies, and emerging market opportunities.
The Dubai FinTech Summit is set to host the Grand Finale of the FinTech World Cup (FWC). The competition is orchestrated by DFS and aims to foster innovation and cross-border collaboration, which are essential for the sector’s evolution. The champions announced on Day 2 will not only gain recognition but also crucial investment support, with a grand prize of up to USD 1 million.
The 2nd edition of the summit, aligned with the ambitious D33 Agenda, aims to propel Dubai into the top four global financial hubs by 2033. The event underscores the city’s commitment to driving FinTech growth. It is expected to attract over 5,000 C-suite leaders from more than 90 countries, including a substantial investor contingent and 150 distinguished speakers.
Moreover, the summit serves as a platform for exploring emerging FinTech trends and their potential impact on financial progress, particularly in the MEASA region. The inaugural event witnessed the signing of over 20 Memorandums of Understanding with key financial players worldwide, emphasizing Dubai’s growing importance as a hub for financial innovation and collaboration.
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Last Updated on April 24, 2024 by Safiya K
