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International banking group Standard Chartered has hosted the Dubai Fintech Summit, which will take place in Dubai on May 8-9, 2023.
Hosted by the Dubai International Financial Center (DIFC), the summit aims to be the perfect platform to connect startups, investors and industry leaders.
Under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai; UAE Deputy Prime Minister and Minister of Finance; and Chairman of DIFC, the summit will bring together more than 5,000 people Global fintech and technology executives discuss innovations and challenges in the industry.
sector growth
The fintech and innovation industry in the Middle East, Africa and South Asia (MEASA) region is growing rapidly, with the market value expected to double from US$135.9 billion in 2021 to US$266.9 billion in 2027, according to DIFC FinTech Hive’s 2022 Fintech Report USD. The Dubai Fintech Summit aims to tap into this huge growth potential and showcase the strength of the region as the industry evolves.
Mohammad Alblooshi, Head of DIFC Innovation Hub and FinTech Hive, said: “Demand for FinTech services has grown significantly over the past few years, driven by digital technologies and innovation across industries. Investment in DIFC’s FinTech and innovation community will continue to grow in 2022 alone. Just over $615 million, the total number of active companies in the sector rose 36 percent to 686.
“With the support of global partners such as Standard Chartered, we believe the Dubai Fintech Summit will be a tool to connect the industry and help accelerate continued cross-border growth as we realize our vision of making Dubai the world’s leading fintech company. To be the destination for the global fintech and financial community.”
dynamic platform
Rola Abu Manneh, Chief Executive Officer, Standard Chartered UAE, said: “The Dubai Fintech Summit is a vibrant platform that brings together thought leaders from across the industry to share insights, exchange ideas and collaborate to shape the future of the financial sector.
“This partnership is a testament to our long-term commitment to creating a better future for the industry. It also demonstrates the strong synergy between Standard Chartered and DIFC as we leverage our global network and innovation capabilities to support Create a more transparent, efficient and secure financial sector.”
“As the region continues to witness digital transformation, especially across the financial sector, we expect demand for digital financial services and products to continue to rise. This could spark a wave of innovation that will not only drive economic growth but also improve Financial inclusion across the region,” Manneh added.
100 fintech exhibitors
At the Dubai Fintech Summit, visitors will be able to meet more than 100 fintech exhibitors and attend a series of panels and fireside chats.
The impressive list of speakers at the summit included Abdullah Bin Touq Al Marri, UAE Minister of Economy; Bill Winters, Group CEO of Standard Chartered; Brad Garlinghouse, CEO of Ripple; Piyush Gupta, CEO of Singapore’s DBS Bank; CEO Jenny Johnson and Coinbase CEO and co-founder Brian Armstrong, among others. — trade arab news agency
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