Maktoum bin Mohammed announces the Dubai FinTech Summit
– The summit is set to consolidate Dubai’s growing 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 center and a leader in driving the future of finance
– Global event to bring together more than 5,000 experts, thought leaders, decision-makers and decision-makers to unlock the next wave of growth for the financial sector
– DIFC was mandated to organize the event, demonstrating its growing role in creating new growth paths for the global financial industry
– The Dubai FinTech Summit will take place on 8 and 9 May 2023
Government of Dubai Media Office – November 6, 2022: 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 the DIFC, today announced the launch of the Dubai FinTech Summit, a global event which will bring together more than 5,000 experts, thought leaders, decision-makers 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 organized by the Dubai International Financial Center (DIFC), the Dubai FinTech Summit will take place on 8 and 9 May 2023 in Madinat Jumeirah, Dubai. The event will see some of the world’s biggest personalities in the industry deliver keynote presentations, share their perspectives on industry challenges and identify opportunities to maximize the impact of FinTech on 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 by 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 the 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 United Arab Emirates and Rulers in Dubai, to make the emirate a global innovation hub and a leader in driving the future of finance.With FinTech emerging as a positive disruptor to transform the financial landscape, the UAE is harnessing the opportunities FinTech brings to reinvent the financial sector.”
“DIFC’s ability to create value for companies in the sector by providing them with a highly productive ecosystem to accelerate growth has led to leading innovators and entrepreneurs in the sector being drawn 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 the 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. The DIFC will leverage the platform offered by the summit to bring together banks, FinTechs and regulators from around the world to further stimulate the digital evolution of the financial sector.”
“We already have over 600 FinTech and innovation firms in DIFC 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 testament to the dynamic growth-friendly platform which we offer financial companies from around the world. We remain focused on bringing more exciting players in the sector to Dubai and helping them access opportunities here and across the region.”
The summit is focused on generating concrete results, including reports, strategies and action plans that can help chart the way forward for the financial industry. The event’s program 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 showcase 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 held in June 2022, where more than 1,500 FinTech innovators, investment firms, banks, decision makers and service providers in the region discussed drivers of growth in financial services.
