2n.d Dubai FinTech Summit (DFS) organized by Dubai Worldwide Monetary Middle (DIFC), below 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, closed with nice success. The third version of the Dubai FinTech Summit shall be held on 7-8 Could 2025, additionally on the directions of His Highness Sheikh Maktoum.
From authorities officers and politicians 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 around the globe. There have been greater than 300 thought leaders taking part in 125 discussions throughout 5 levels and greater than 200 exhibitors showcasing cutting-edge expertise. Greater than 20 authorities dignitaries additionally attended, together with the mayor of Seoul, central financial institution governors and vice governors.
His Excellency, Essa Kazim, Governor of DIFC, commented: “The Dubai FinTech Summit is not only a gathering, it’s a platform for transformative discussions and collective motion. The Dubai FinTech Summit is a beacon of impression, progress and collaboration, creating unprecedented alternatives for progress and innovation. Dubai is on the forefront of shaping the way forward for finance and can proceed to strengthen its place as a number one international hub for FinTech corporations.”
Arif Amiri, Director Normal of the DIFC opened the second day of the summit, adopted by two hearth chats with His Excellency Helal Saeed Al Marri, Director Normal of the Ministry of Economic system and Tourism, and Yie-Hsin Hung, President and CEO at State Avenue International Advisors.
Arif Amiri, Director Normal of the DIFC stated throughout his opening remarks: “Immediately we’re experiencing a rare interval of technological transformation the place FinTech is defining how we do enterprise, how we save and the way we handle our monetary lives. FinTech can also be redefining how conventional monetary companies corporations function. Lately, we’ve seen a sixfold progress in FinTech income worldwide. We've additionally seen the rising acceptance of cryptocurrency by the mainstream, permitting its market capitalization to exceed $3 trillion. This 12 months, FinTech is once more anticipated to seize and drive an extra 5 % of worldwide monetary companies income. Within the subsequent two years, digital funds are anticipated to develop by greater than $10 trillion, and by 2030, 25 % of banking valuations are anticipated to be pushed by FinTech.
The Dubai FinTech Summit affords a novel platform to discover the alternatives that lie forward, which is why our technique at DIFC is firmly targeted on being on the heart of this FinTech revolution. Throughout our 20 years of operation, we’ve all the time embraced innovation. It's a part of our X issue. We don't simply discuss it, we cope with it; with the expertise, the buyers and the regulators to make it occur. Our visionary management has all the time enabled Dubai and the DIFC to take the lead in driving the way forward for finance and innovation. That's why we've created essentially the most complete providing within the area, enabling our purchasers to do and obtain nice issues in a spot that firmly integrates FinTech into its DNA. In a spot that draws gifted entrepreneurs, fosters collaboration and supplies international connectivity: a gateway between East and West and a real connection level for international 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.
Greater than 1,000 buyers attended this 12 months's summit, together with greater than 10 senior executives from a few of the world's largest banks, managing over $7 trillion in property below administration (AUM). As well as, over 40 FinTech and blockchain unicorns with a mixed market capitalization of over USD 400 billion had been current.
Throughout the two days, the native, regional and worldwide companions of the summit hosted greater than 30 accompanying occasions. The second day's panels included a deep dive into a few of the most urgent subjects in fintech, from excessive rates of interest and macroeconomic volatility, institutional adoption and regulatory readability – the cryptocurrency journey and D33 – a decade of financial transformation, amongst others.
The Dubai FinTech Summit additionally noticed the signing of greater than 50 Memorandums of Understanding (MoU) with international monetary leaders, in addition to a number of key bulletins from taking part companies.
Nik Storonsky, founder and CEO of Revolut, has introduced plans to increase within the MEASA area, marking a significant step in the direction of selling monetary inclusion by cutting-edge expertise. Revolut is a UK-based international non-banking and monetary expertise firm providing banking companies for retail prospects and companies.
Recognizing the potential of working within the area's largest monetary ecosystem, Yie-Hsin Hung, CEO of State Avenue International Advisors, additionally introduced that the corporate welcomes a return to the DIFC. Based mostly on increasing alternatives within the area, coupled with DIFC's 20-year historical past as a number one heart for finance and progress, DIFC has continued to draw an intensive checklist of banks, advisors, excessive internet value people, household workplaces and sovereigns. funding funds looking for publicity to the area's fast-growing markets inside the regulated atmosphere of the long run.
Singapore-based Dyna.Ai has introduced the launch of operations in Asia, the Center East, Africa, Europe, North America and Latin America to remodel companies with AI. The corporate affords a set of digital banking, danger administration, viewers communications and worker productiveness options to handle as we speak's monetary challenges. Within the MEA area, workplaces shall be opened within the United Arab Emirates, Saudi Arabia and Nigeria. Dyna Athena, the newly launched AI platform, will present revolutionary buyer communication and interplay that may embrace options resembling text-to-speech, language and speech processing. Dyna Avatar, a model new humanoid buyer assistant able to real-time voice-activated conversations in Arabic, English, Chinese language, Japanese and Thai, was additionally unveiled on the summit.
Amongst a number of notable shows, Crypto Oasis supplied an insider replace on the UAE's dynamic and ever-evolving blockchain ecosystem. In response to the presentation, energetic corporations grew by 13 % year-over-year to succeed in 2,040 organizations, with a wholesome mixture of 71 % native and 29 % non-native blockchain corporations contributing to the ecosystem. There has additionally been a major enhance within the trade workforce, with greater than 10,600 people working within the blockchain area. One of many key elements driving the crypto trade has been elevated regulatory readability, which has helped entice international manufacturers resembling Bybit, Crypto.com and OKX, every of which obtained Digital Asset Service Supplier (VASP) licenses from VARA.
In keeping with the Dubai Financial Agenda (D33), which goals to place Dubai as one of many world's prime 4 monetary hubs by 2033, DFS is designed to foster cross-border collaboration and innovation, that are essential to the transformation of the worldwide FinTech sector. The Summit represented a novel alternative for members to discover rising FinTech traits and their potential to drive monetary progress within the MEASA area.
The 2nd version of the Dubai FinTech Summit was supported by greater than 150 international company companions. Visa as founding associate and co-host; Emirates NBD as a premium banking associate; sponsor e&life as Powered By; Business Financial institution of Dubai (CBD) as a strategic banking associate; Finvasia as principal sponsor; SC Ventures as Strategic Enterprise Accomplice; Dynatech AI as Sponsor Powered By; and Mashreq as a diamond sponsor, amongst others.
Concerning the Dubai FinTech Summit
Dubai FinTech Summit is an annual mega occasion organized by Dubai Worldwide Monetary Middle (DIFC), the main international monetary heart within the Center East, Africa and South Asia (MEASA) area. 2n.d version of the Dubai FinTech Summit will convey collectively greater than 8,000 of the world's main trade leaders, greater than 1,500 buyers and policymakers, signaling an elevated urge for food for progress within the area.
The Dubai FinTech Summit indicators a brand new wave of monetary innovation, alternative, transformation and progress for the worldwide monetary companies sector. As a rising FinTech hub, Dubai can also be pioneering the event of the monetary companies trade, with FinTech funding estimated to develop at a CAGR of 17.2 % to $949 billion between 2022 and 2030. The summit is according to the strategic objective of the Dubai Financial Agenda D33, i.e. it strikes Dubai to the ranks of the world's 4 largest monetary facilities by 2033.
The expanded Dubai FinTech Summit program 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 that instantly addresses trade challenges and fosters innovation.
Go to www.dubaiFinTechsummit.com
For additional questions, please contact:
Samia Ahmad
Assistant Supervisor, Advertising and marketing at DIFC Innovation Hub
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Cellphone: +971 4 362 2657
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