The Dubai International Financial Centre (DIFC) announced plans to hold a fintech summit mid-next year to discuss ways to shape a new wave of innovation, enterprise and growth for the international financial industry.
The event – titled Dubai FinTech Summit – will take place on May 8-9, 2023.
The summit – a first for the UAE and Dubai to host a global fintech event of this scale and size – is expected to bring together more than 5,000 experts, thought leaders, policymakers and decision-makers from around the world to deliberate on challenges and tasks to augment growth of the sector.
“The Dubai FinTech Summit will help open new horizons of opportunity and transformation for both the global fintech sector and the worldwide financial industry,” said Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC, while announced the launch of the summit on Sunday.
“With fintech emerging as a positive disruptor for transforming the financial landscape, the UAE is leveraging the opportunities brought by industry to reinvent the financial services sector,” he said.
Al Maktoum said DIFC’s ability to create value for companies in the sector by providing them a highly productive ecosystem to accelerate growth has led to leading innovators and entrepreneurs of the sector gravitating to the emirate.
Essa Kazim, Governor of DIFC, said the summit would 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.
“DIFC will leverage the platform offered by the summit to bring together banks, fintech ventures and regulators from across the world to further stimulate the digital advancement of the financial sector,” Kazim said.
The event will see some of the world’s biggest personalities in the industry delivering keynote presentations, sharing their perspectives on industry challenges and identifying opportunities to maximise the impact of fintech for people, businesses and economies.
Home to the region’s largest cluster of fintech and innovation businesses, DIFC is one of the leading growth spots in the global fintech market, valued at more than $135.9 billion in 2021. The global fintech market is expected to grow at a compound annual growth rate of 11.9 percent between 2022 and 2027 to reach a value of over $266.9 billion by 2027.
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