- The threerd version of the Dubai FinTech Summit to be held on 7-8 Might 2025, underneath the directives of His Highness Sheikh Maktoum.
- The twond version of Dubai FinTech Summit attracted over 8,000 guests from 118 nations around the globe.
- Over 50 Memorandum of Understandings (MoUs) had been signed through the Summit with international monetary leaders.
- Greater than 20 prime funding administration companies with investments in 12,000 corporations participated within the Summit.
- Nik Storonsky, Founder and CEO of Revolut inked growth plans within the MEASA area, marking a major step in the direction of fostering monetary inclusion by way of cutting-edge expertise.
- State Avenue World Advisors’ President and Chief Govt Officer, Yie-Hsin Hung confirmed the reopening of its Dubai places of work.
- Dyna.Ai, the Singapore headquartered agency launched operations throughout Asia, the Center East, Africa, Europe, North America and Latin America, with places of work deliberate within the UAE, Saudi Arabia, and Nigeria.
Dubai, UAE, thirteenth Might 2024, ZEX PR WIRE, The twond version of Dubai FinTech Summit (DFS) organised by Dubai Worldwide Monetary Centre (DIFC), underneath 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 Might 2025, additionally underneath 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 nations around the globe. These included over 300 thought leaders collaborating in 125 discussions throughout 5 levels and over 200 exhibitors showcasing cutting-edge applied sciences. Over 20 authorities dignitaries had 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 Common, Division of Economic system and Tourism, and Yie-Hsin Hung, President and Chief Govt Officer at State Avenue World Advisors.
Throughout his opening remarks, Arif Amiri, Chief Govt Officer at DIFC Authority, mentioned: “At the 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 also be defining how conventional monetary companies corporations function. In recent times, we’ve got 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 yr, 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 provides a singular platform to discover the alternatives forward of us, which is why, at DIFC, our technique is firmly centered on being on the coronary heart of this FinTech revolution. Throughout our 20 years of operations, we’ve got at all times embraced innovation. It’s a part of our X issue. We don’t merely discuss it however have interaction with it; with the expertise, with the traders and the regulators to execute it. Our visionary management has at all times enabled Dubai and DIFC to take a number one position in driving the way forward for finance and innovation. Because of this, we’ve got 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 draws proficient entrepreneurs, encourages collaboration, and offers international 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 yr, together with Africa FinTech Community, Enterprise France, FinTech Philippines Affiliation, European Blockchain Affiliation, World FinTech Alliance (GFA), Hong Kong FinTech Trade 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 yr’s Summit noticed the participation of over 1,000 traders, together with greater than 10 prime executives from among the world’s largest banks, managing over USD 7trn in property underneath administration (AUM). As well as, over 40 FinTech and blockchain unicorns, with a mixed market capitalisation of over USD 400bn had been additionally current.
Throughout the two days, over 30 facet occasions had 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 subjects 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 international monetary leaders, in addition to a number of key bulletins from attending companies.
Nik Storonsky, Founder and CEO of Revolut introduced growth plans within the MEASA area, marking a major step in the direction of fostering monetary inclusion by way of cutting-edge expertise. Revolut is a world neobank and monetary expertise firm with headquarters within the UK that gives banking companies for retail clients and companies.
Recognising the potential of working within the area’s largest monetary ecosystem, State Avenue World 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 observe file as a number one hub for finance and development, DIFC has continued to attract in an intensive listing of banks, advisors, high-net-worth people, household places of work, and sovereign wealth funds in search of publicity to the area’s fast-growth markets inside a future-forward regulated surroundings.
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 remodel companies with AI. The corporate provides a collection of options for digital banking, danger administration, viewers communication, and worker productiveness to deal with present monetary challenges. Within the MEA area, places of work 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 is able to embrace options akin to 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 response to the presentation, energetic 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 improve within the business workforce, with over 10,600 people working within the blockchain area. One of many key components driving the crypto business has been a rise in regulatory readability, which has helped to draw international manufacturers akin to Bybit, Crypto.com, and OKX, which every acquired Digital Asset Service Supplier (VASP) licenses from VARA.
In keeping with the Dubai Financial Agenda (D33) to place Dubai as the highest 4 international monetary hubs by 2033, DFS is designed to encourage cross-border collaboration and innovation, central to remodeling the worldwide FinTech sector. The Summit offered a singular alternative for attendees to discover rising FinTech tendencies and their potential to drive monetary progress within the MEASA area.
The 2nd version of the Dubai FinTech Summit was supported by over 150 international company companions. Visa as Founding Associate & Co-Host; Emirates NBD as Premium Banking Associate; e& life as Powered By sponsor; Industrial 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 international monetary centre within the Center East, Africa and South Asia (MEASA) area. The twond version of the Dubai FinTech Summit will deliver collectively over 8,000+ international business leaders, 1,500+ traders and coverage makers, signalling elevated urge for food for development alternatives within the area.
Dubai FinTech Summit alerts new wave of monetary innovation, alternative, transformation, and development for the worldwide monetary companies sector. As a rising FinTech hub, Dubai can also 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 objective of propelling Dubai into the ranks of the highest 4 international monetary hubs by 2033.
The expanded programme of Dubai FinTech Summit is about 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 at DIFC Innovation Hub
E: samia.ahmad@difc.com
Cellphone: +971 4 362 2657
