The Dubai International Financial Centre, DIFC, has announced developments in its FinTech ecosystem that further strengthen its position as Middle …

The Dubai International Financial Centre, DIFC, has announced developments in its FinTech ecosystem that further strengthen its position as Middle …
The UAE is now leading the pack regionally with an impressive 16.4 % in digital penetration. Through substantial spending and attracting private investments, the UAE has been strategically positioned on the path to becoming one of the most digitally advanced countries in the world, claims the report.
Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding with Middle East Venture Partners (MEVP) to facilitate exchange of information on the latest trends in the finance industry, with a focus on the FinTech field.
The remarks were made during the recently held Dubai World Insurance Congress (DWIC) under the theme “Emerging markets, emerging technologies, emerging customers”.
The UAE has ranked third in an analysis of Islamic Fintech start-ups, according to a survey issued today by Bloomberg Intelligence.
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According to the speakers, blockchain has many years before going mainstream, but it is a very promising technology across industries.
Essa Kazim, governor of the DIFC, said the fund would help to establish “start-up and growth-stage fintech firms looking for access to the MEASA (Middle East, Africa and South Asia) markets”.
In addition to Fintech Hive, DIFC will be introducing two new programmes that focuses on RegTech and InsurTech in 2018.
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