CONNECT WITH US
Fintech

Fintech

Dubai Fintech Summit day two: 2,000 firms, a Japanese bridge and AI moves into production

The Fintech Times logo

Published on

Add as a preferred source on Google
Dubai Fintech Summit day two: 2,000 firms, a Japanese bridge and AI moves into production

The Dubai Fintech Summit closed its second day at Madinat Jumeirah on Tuesday with DIFC marking a milestone it set itself less than ten years ago. The centre is now home to more than 2,000 AI, fintech and innovation firms, His Excellency Arif Amiri, chief executive of DIFC Authority, told the opening plenary, up from the 11 startups that joined its first accelerator in 2017.

Amiri said the number that matters is not how many firms arrive but how many grow from Dubai into global leaders. He used the stage to set out two new pieces. A partnership will give up to 6,000 Japanese startups direct access to the DIFC ecosystem, part of a wider push into emerging markets and new corridors with the Global South. DIFC will also launch a Dubai Fintech Stack, a set of tools to help founders with onboarding, payments, risk, security and AI. Neither the Japanese partner nor a launch date was named.

0, a report DIFC published with Asia House . Michael Lawrence , Asia House’s chief executive, told the summit that the digital economy is moving on from digitising processes to systems that act for themselves. 5trn. Lawrence set Dubai beside Singapore and Switzerland’s Zug and Zurich as the hubs to watch, and urged businesses to move post-quantum cryptography up their agenda, with cybercrime already costing the world about USD 10trn a year. The next report in the series, on the strategic business hubs of tomorrow, is due on 25 November.



Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.