The Dubai FinTech Summit will be hosted in Dubai from May 8 to 9, 2023, and will be sponsored by the international financial organisation Standard Chartered.
The summit, which is being organised by the Dubai International Financial Centre (DIFC), is positioned to be the ideal venue for bringing together entrepreneurs, investors, and business executives.
More than 5,000 global FinTech and technology C-suite will gather at the summit, which is sponsored by 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, to talk about innovations and challenges in the sector.
The Middle East, Africa, and South Asia (MEASA) region's FinTech and Innovation sector is expanding quickly, with the market value expected to double from $135.9 billion in 2021 to $266.9 billion in 2027, according to DIFC FinTech Hive's 2022 FinTech Report. The Dubai FinTech Summit hopes to capitalise on this enormous development potential and highlight the area's expertise as the industry develops.
Mohammad Alblooshi, Head of DIFC Innovation Hub and FinTech Hive, said: “The demand for FinTech services has grown significantly in the last few years, powered by digital technologies and innovation across sectors. During 2022 alone, investment in DIFC’s FinTech and innovation community exceeded $615 million and the total number of active firms in the sector grew 36% to 686.
“With the support of our global partners such as Standard Chartered, we are confident the Dubai FinTech Summit, will serve as a vehicle to connect the industry, and help accelerate continued cross-border growth as we fulfil our vision of making Dubai the go-to destination for the FinTech and finance community globally.”