2nd Edition of Dubai FinTech Summit to Kick Off on May 6

For the second consecutive year, Dubai will host the second edition of Dubai FinTech Summit, under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and President of DIFC, which is set to take place on May 6-7 at Madinat Jumeirah.

Organised by Dubai International Financial Centre (DIFC), the Summit will bring together 8,000 decision-makers, over 300 thought leaders and more than 200 exhibitors to discuss the latest innovations and challenges and showcase cutting-edge technologies.

The global FinTech sector is rapidly growing and is predicted to be valued at US$608 billion globally by 2029, according to Mordor Intelligence, a market intelligence and advisory firm. Bucking the downward global market trend, the MENA FinTech market is expected to register a CAGR of over eight percent during the period 2024 to 2029.

Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond. The MENA region’s FinTech start-up and venture capital landscape is booming, with over 800 FinTech start-ups worth US$15.5 billion, according to data by dealroom.co.

Reflecting the ongoing transformation in the financial sector driven by Innovation, Inclusion, and Impact, the key themes this year will be Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics and FinTech 2.0.

Mohammad Alblooshi, CEO at DIFC Innovation Hub, said,

“Nearly 60 percent of all FinTech companies in the GCC are currently based in Dubai. With the industry growing at an unprecedented rate, it is crucial for stakeholders to gather and discuss the challenges and opportunities that lie ahead. The Dubai FinTech Summit will bring together the most prominent figures in the industry, with an agenda that is aimed at driving innovation, inclusivity, and growth for all.”

The Dubai FinTech Summit will feature prominent local and international speakers in panel discussions and fireside chats, with over 20 financial institution governors attending. A highlight will be the Grand Finale of the FinTech World Cup, where winners stand to secure up to US$1 million investment. This event aligns with the D33 Agenda to position Dubai as a top global financial hub by 2033, fostering cross-border collaboration and innovation in the FinTech sector. It offers a platform to explore emerging trends and their impact on financial progress in the MEASA region.

The inaugural Dubai FinTech Summit attracted over 5,000 C-suite leaders from over 90 countries including north of 1,000 investors and more than 150 speakers. Over 20 memoranda of understanding were signed with global financial leaders during the Summit.

News Source: Emirates News Agency