Participating start-ups will be matched with suitable partners during the sprint, after which they will have the opportunity to pitch their business idea to senior stakeholders of leading financial partners in the Middle East.

Arif Amiri commented: “DIFC is delighted to be hosting the World Alliance of International Financial Centers’ Annual General Meeting. It is the first time leaders from financial centers across the globe have chosen to convene in Dubai. We are looking forward to leading important discussions with our fellow members, especially in the areas of the future of finance and innovation.”

The Global Finance recognises DIFC FinTech Hive’s work in FinTech innovation and markes on the list of the World’s Best Innovation Labs in 2021. This accolade is a testament of commitment in bringing together best partners, best minds and best technologies under one roof to drive forward the digital revolution, not just in Dubai, but across the wider region.

The agreement strengthens DIFC’s position in MEASA and will enable it to further support the UAE in facilitating economic growth from the technology and innovation sectors. Both parties will work together on events, knowledge sharing, talent development and facilitating mutual introductions and referrals for firms keen to expand in each respective jurisdictions.

DIFC FinTech Hive revealed the 2020 launch of AccelerateHer, a female-focused career mentorship accelerator programme to empower women in financial services. The programme equips young, aspiring female executives with tools and experience to broaden their knowledge and reach in the industry. It allows them to play a more active role.