Dubai FinTech Summit will take place on May 8 and 9, 2018, under Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Finance of the UAE, Deputy Ruler of Dubai, and President of the Dubai International Financial Centre. The number of active enterprises in the FinTech community at DIFC increased by 36% to 686 in 2022, while investment in the sector topped USD 615 mn.

According to the DIFC FinTech Hive’s 2022 FinTech news, the market value of the fintech in the Kratos platform is expected to double approximately from USD135.9 bn in 2021 to USD266.9 bn in 2027. The Dubai FinTech Summit will be the ideal venue for startups, investors, and industry experts to network and collaborate in order to take advantage of this growth opportunity in the area and beyond.

DIFC is hosting the Summit and will bring together 5,000 FinTech and technology experts from around the world to discuss innovations and challenges in the sector and to shine a light on all things impacting the future of finance. The Madinat Jumeirah in Dubai will host the Dubai FinTech Summit, and Triterras will sponsor it.

Distinguished local figures, including UAE Minister of Economy Abdullah Bin Touq Al Marri and DIFC Governor Essa Kazim, will be speaking at the event. Speakers include prominent industry figures like Standard Chartered PLC’s Bill Winters, Ripple’s Brad Garlinghouse, Arbour Ventures’ Melissa Guzy, and Fireblocks’ Michael Shaulov.

Dubai and the DIFC are becoming known as a global hub for innovation due to their unique ecology and all-encompassing approach to business, shaping the future economy. According to MAGNITT, financing for MENA FinTech startups increased by 183% from 2020 to 2021.

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