Dubai: The Dubai International Financial Centre (DIFC) has made great strides in the FinTech space, cementing Dubai‘s position as one of the world’s top 10 FinTech hubs and a preferred growth platform for startups and SMEs.
Most recently, DIFC hosted the 6th annual International Finance Corporation (IFC) FinTech CEO Summit. This is the first time IFC, a member of the World Bank Group, has held the event outside its Washington DC headquarters, and gathered close to 200 of the world’s leading CEOs and innovators in the world of FinTech to discuss the latest developments and most critical issues facing the industry today.
The event was hosted by Essa Kazim, governor of DIFC. He highlighted that the IFC’s decision to bring the Summit to Dubai was testament to the city’s growing significance on the global FinTech stage. He reinforced the DIFC’s commitment to FinTech and the sector’s positive impact on the future of financial services in the region.
Arif Amiri, CEO of DIFC Authority, said: “We are pleased to be working with the IFC to bring their FinTech CEO Summit to Dubai. It reflects the importance of FinTech sector in region and how it is increasingly becoming a key pillar in the future of financial services.
The potential that this sector has for greater financial inclusion in the region is unprecedented, and we have taken in it on ourselves at DIFC to ensure that this potential is unlocked. DIFC will continue to work with partners to enhance our ecosystem, allowing for more cohesive innovation and entrepreneurship culture to be instilled across the region.”
Paulo de Bolle, senior director, Financial Institutions Group, IFC, said: “IFC has been investing in the FinTech industry for over a decade, it is a powerful force transforming the financial landscape, opening up new markets, and putting banking and services in the hands of unreached millions worldwide. We are delighted to be holding our first overseas IFC FinTech CEO Summit in Dubai, a fantastic crossroads and meeting point for our delegates who have come from a diverse range of companies and countries to share their perspectives, knowledge and experience.”