Standard Chartered partners with Dubai FinTech Summit



International banking group Standard Chartered has taken on the host sponsorship of the Dubai FinTech Summit to be held in Dubai from May 8 to 9, 2023.

Organised by Dubai International Financial Centre (DIFC), the summit is primed to be the perfect platform to connect start-ups, investors, and industry leaders.

Under the patronage of 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, the summit will convene over 5,000 global FinTech and technology C-suite to discuss innovations and challenges in the sector.

The FinTech and Innovation sector in the Middle East, Africa, and South Asia (MEASA) region is growing at pace with market value forecast to double in size from $135.9 billion in 2021 to $266.9 billion in 2027, according to DIFC FinTech Hive’s 2022 FinTech Report. The Dubai FinTech Summit aims to tap into this tremendous growth potential and showcase the region’s prowess as the sector advances.

Mohammad Alblooshi, Head of DIFC Innovation Hub and FinTech Hive, said: “The demand for FinTech services has grown significantly in the last few years, powered by digital technologies and innovation across sectors. During 2022 alone, investment in DIFC’s FinTech and innovation community exceeded $615 million and the total number of active firms in the sector grew 36% to 686.

“With the support of our global partners such as Standard Chartered, we are confident the Dubai FinTech Summit, will serve as a vehicle to connect the industry, and help accelerate continued cross-border growth as we fulfil our vision of making Dubai the go-to destination for the FinTech and finance community globally.—Zawya News