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Tuesday, 8 November 2022, 22:55 HKT/SGT

Source: trescon
Maktoum bin Mohammed announces Dubai FinTech Summit
- Summit set to consolidate Dubai's rising status as a Global FinTech Hub
- Maktoum bin Mohammed: Dubai FinTech Summit reflects Mohammed bin Rashid's vision to transform the emirate into an international innovation hub and a leader in driving the future of finance
- Global event to bring together more than 5,000 experts, thought leaders, policymakers and decision-makers to unlock the next wave of growth for the financial sector
- DIFC mandated to organise the event, demonstrating its growing role in creating new growth avenues for the global financial industry
- Dubai FinTech Summit will take place on 8 and 9 May 2023

DUBAI, Nov 8, 2022 - (ACN Newswire) - His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC, today announced the launch of the Dubai FinTech Summit, a global event that will bring together more than 5,000 experts, thought leaders, policymakers and decision-makers in Dubai to discuss how they can shape a new wave of innovation, enterprise and growth for the international financial industry.

To be organised by the Dubai International Financial Centre (DIFC), the Dubai FinTech Summit, will take place on 8 and 9 May 2023 at Madinat Jumeirah, Dubai. The event will see some of the world's biggest personalities in the industry delivering keynote presentations, sharing their perspectives on industry challenges and identifying opportunities to maximise the impact of FinTech for people, businesses and economies.

Home to the region's largest cluster of FinTech and Innovation businesses, DIFC is one of the brightest growth spots in the global FinTech market valued at more than $135.9 billion in 2021. The global market is expected to grow at a CAGR of 11.9% between 2022-2027 to reach a value of over $266.9 billion by 2027.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC, said: "The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to turn the emirate into a global innovation hub and a leader in driving the future of finance. With FinTech emerging as a positive disruptor for transforming the financial landscape, the UAE is leveraging the opportunities brought by FinTech to reinvent the financial services sector."

"DIFC's ability to create value for companies in the sector by providing them a highly productive ecosystem to accelerate growth has led to leading innovators and entrepreneurs in the sector gravitating to the emirate. The Dubai FinTech Summit will help open new horizons of opportunity and transformation for both the global FinTech sector and the worldwide financial industry."

His Excellency Essa Kazim, Governor of DIFC, said: "The Dubai FinTech Summit will bring together ideas, knowledge and perspectives that can help unlock a new phase of exponential growth for the global financial sector and FinTech in the Global Economy. DIFC will leverage the platform offered by the Summit to bring together banks, FinTechs and regulators from across the world to further stimulate the digital advancement of the financial sector."

"We already have over 600 FinTech and innovation firms in DIFC who are changing the face of the industry and contributing to the economic growth of our country. The 23% expansion that DIFC's FinTech community saw in the first half of this year is a testament to the dynamic growth-friendly platform that we offer financial companies from across the world. We remain focused on bringing more exciting players in the sector to Dubai and helping them to access opportunities here and across the region."

The Summit is focused on generating tangible outcomes, including reports, strategies and action plans that can help chart the way forward for the financial services industry. The event's programme will feature in-depth discussions across key tracks including the future of FinTech, embedded and Open Finance, sustainability, Web 3.0 and digital assets. The Summit will also provide an opportunity for more than 100 FinTechs and Future of Finance players to display their latest technology and innovations.

The Dubai FinTech Summit marks the first time the UAE and Dubai will host a global FinTech event of this scale and size. The event builds on the success of DIFC FinTech Week hosted in June 2022, which saw more than 1,500 FinTech innovators, investment firms, banks, policymakers and service providers in the region, discuss drivers of growth in financial services.

Dubai FinTech Summit is organized by DIFC and managed by Trescon, a global business events and consulting firm.

To book tickets for the event and for more information, visit: https://dubaifintechsummit.ae/

About Trescon

Trescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments, and individuals. Trescon is specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect and consulting services.

For more information about Trescon, visit: https://www.tresconglobal.com/

For further details about the announcement, please contact:
Nupur Aswani, Head - Media, PR & Corporate Communications, Trescon media@tresconglobal.com/nupur@tresconglobal.com | +91 95559 15156

Topic: Press release summary
Source: trescon

Sectors: Trade Shows, FinTech
From the Asia Corporate News Network

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