5 November 2024, Tue |
2:39 PM
Scheduled for May 6-7, 2024, the Dubai FinTech Summit is poised for its eagerly anticipated second edition under the patronage of H.H. 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. Positioned as a strategic initiative of the Government of Dubai, this summit, orchestrated by the Dubai International Financial Centre (DIFC), a premier global financial hub in the MEASA region, is at the forefront of driving financial innovation on a global scale.
Bringing together a gathering of over 8,000 international industry leaders, investors, and policymakers, the summit signifies a growing interest in seizing growth opportunities within the region. H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, in announcing the event, expressed, “The second edition of the Dubai FinTech Summit is poised to once again assemble world-class global talent, innovators, and industry leaders from over 100 countries in the financial services sector.”
Aligning with Dubai’s economic ambitions outlined in the Dubai Economic Agenda D33, the summit aims to propel the city into the ranks of the top four global financial hubs by 2033. H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum emphasized, “The remarkable increase in interest in this year’s event underscores Dubai’s continued expansion as a global financial centre and the new opportunities emerging from its economic dynamism and growth momentum.”
As Dubai emerges as a rising FinTech hub, it is actively driving the evolution of the financial services industry. Projections indicate a 17.2% CAGR growth in FinTech investments, reaching USD 949 billion from 2022 to 2030. H.H. Maktoum bin Mohammed bin Rashid Al Maktoum highlighted Dubai’s appeal, stating, “Dubai offers access to opportunities for expansion and innovation in high-growth emerging markets, underpinned by a world-class financial, regulatory, and innovation ecosystem.”
Essa Kazim, Governor of DIFC, underlined DIFC’s role in supporting the summit and Dubai’s strategic growth ambitions. “DIFC is delighted to organize the 2nd edition of the Dubai FinTech Summit. The event is a key contributor to the delivery of the UAE’s Digital Economy Strategy, set to increase the sector’s GDP contribution by 20 per cent over the next 10 years.”
With expectations of over 8,000 C-suite leaders in attendance, the summit has seen remarkable growth since its inaugural edition. More than 1,000 pre-qualified investors are anticipated, providing unprecedented opportunities for FinTech startups to secure investment and partnerships. Over 200 global speakers, including industry pioneers and thought leaders, will offer invaluable insights, while more than 200 FinTech exhibitors will showcase cutting-edge solutions across four dedicated stages.
The expanded program of the second edition will explore key tracks, including the future of FinTech, embedded and Open Finance, climate finance, Web3, and digital assets. The summit, characterized as a thought leadership-driven platform, addresses industry challenges and champions innovation, promising to unlock new opportunities, cross-border collaboration, and innovation to shape the future of finance. To register for the event, visit www.dubaifintechsummit.com.
