Standard Chartered Partners with Dubai Fintech Summit to Drive the Future of Digital Financial Innovation

by James · May 12, 2023

Dubai, United Arab Emirates–(Newsfile Corp. – May 4, 2023) – International banking group Standard Chartered has committed to host sponsorship of the Dubai FinTech Summit to be held in Dubai next week on 8-9. May 2023. Organized by the Dubai International Financial Center (DIFC), the summit is based on being the perfect platform to connect start-ups, investors and industry leaders.

Under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Prime Minister of Dubai; Deputy Prime Minister and Minister of Finance of the UAE; and President of the DIFC, the summit will bring together over 5,000 global FinTech and technology C-suites 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 in tandem with its market value projected to double from USD 135.9 billion in 2021 to USD 266.9 billion in 2027, according to DIFC FinTech Hives 2022 FinTech Report. The Dubai FinTech Summit aims to tap into this huge growth potential and showcase the region’s prowess as the sector evolves.

Figure 1: Mohammad Alblooshi, Chief of the DIFC

Mohammad Alblooshi, Head of DIFC Innovation Hub and FinTech Hive, so:

“Demand for FinTech services has grown significantly in recent years, driven by digital technologies and innovation across sectors. During 2022 alone, investment in DIFC’s FinTech and innovation community exceeded USD 615 million, and the total number of active firms in the sector grew 36 percent to 686. With the support of our global partners such as Standard Chartered, we are confident that the Dubai FinTech Summit will act as a vehicle to connect the industry and help accelerate continued growth across borders as we fulfill our vision of making Dubai to the destination for the FinTech and financial community globally.”

Figure 2: Rola Abu Manneh, CEO of Standard Chartered Bank UAE

Rola Abu Manneh, CEO of Standard Chartered Bank UAE, said: “We are delighted to be part of the Dubai FinTech Summit which serves as a dynamic platform that brings together thought leaders from across the industry to share insights, exchange ideas and collaborate to shape the future of the financial services industry.

“This partnership is a testament to our long-term commitment to creating a better future for the industry. It also demonstrates the strong synergies between Standard Chartered and Dubai International Financial Centre, as we leverage our global network and innovation capabilities to support building a more transparent , efficient and safe financial sector.”

“As the region continues to witness increased digital transformation, particularly across the financial sector, we expect demand for digital financial services and products to continue to increase. This is likely to spur a wave of innovation that will not only drive economic growth, but also improve economic inclusion throughout the region,” added Rola Abu Manneh.

At the Dubai FinTech Summit, visitors will be able to meet more than 100 FinTech exhibitors and join a variety of panels and fireside chats.

The impressive list of speakers at the summit includes HE Abdullah Bin Touq Al Marri, UAE Minister of Economy, Bill Winters, Group CEO of Standard Chartered PLC; Brad Garlinghouse, CEO of Ripple; Piyush Gupta, CEO of DBS Bank Singapore; Jenny Johnson, president and CEO of Franklin Templeton and Brian Armstrong, CEO and co-founder of Coinbase, among others.

Visitors can now buy tickets to the Dubai FinTech Summit.

About Dubai International Financial Center

The Dubai International Financial Center (DIFC) is one of the world’s most advanced financial centers and the leading financial hub for the Middle East, Africa and South Asia (MEASA), comprising 72 countries with an approximate population of 3 billion and an estimated GDP of 8 trillion dollars.

With nearly a 20-year track record of facilitating trade and investment flows across the MEASA region, the center connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

The DIFC is home to an internationally recognized, independent regulator and a proven legal system with an English common law framework, as well as the region’s largest financial ecosystem with over 36,000 professionals working across over 4,300 active registered companies – making up the largest and most diverse pool of industrial talent in the region.

The centre’s vision is to drive the finance of the future through ground-breaking technology, innovation and partnership. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, tailored regulation, innovative accelerator programs and growth start-up funding. -oops.

Comprised of a range of world-renowned retail and dining venues, a dynamic arts and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.

For more information, please visit our website: difc.ae, or follow us on LinkedIn and Twitter @DIFC.

About Standard Chartered Bank

We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets and serving customers in a further 64. Our purpose is to drive trade and prosperity through our unique diversity, and our heritage and values are expressed in our brand laws, here too good.

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