Dubai FinTech Hackathon held with amazing results and conclusion

Participants are coming from 118 Countries of the World and their number is above 8000 for the 2nd Edition.

The 2nd version of the Dubai FinTech Summit (DFS), which is an initiative of DIFC and ran under the patronage of His Highness 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, ended with great momentum and amazing achievements. This exhibit that took place at Madinat Jumeirah featured more than 8,000 decision-makers from 118 countries worldwide. It reflected the constantly growing role of Dubai, the main financial technology hub of the world.

Key Highlights:

International Participation: At the Summit took place more than 300 national leaders, 200 commercial exhibitors, and 20 senior officials, including the Mayor of Seoul, the Governor of Bank of Korea and Deputy Governors.

Strategic Insights: Throughout discussions across five stages, there are 125 topics brought up for a discussion, to which new trends and opportunities in the FinTech industry are unveiled.

MoUs and Announcements: Nearly 50 MoUs were signed with the mined global financial leaders, a clear signal of the desire for cooperation and creativity. Among several major announcements by these companies, there was an announcement of scaling up and initiation of new ventures.

Visionary Leadership:

Assuming, His Highness, Essa Kazim, the Governor of the Sovereign Jurisdiction of DIFC, the Summit builds the synergies in the relevant areas for the fruitful discussions among the involved parties. Dubai’s ability to keep a finger on the pulse of innovation and partnership enables it to assume a global role in designing the future of finance.

Driving Innovation:

Arif Amiri CEO of DIFC Authority affirmed that FinTech will be at the forefront of transformation within the financial services worldwide. The Summit was an exclusive platform to search for future possibilities and the industry advancement. This is based on the strong belief of Dubai about remaining in the lead of the FinTech evolution.

Regional and International Partnerships:

More than 50 international associations joined the Summit to engage in cross-border collaboration and racing up of knowledge. Businesses by more than thousand of investors and 40 FinTech and blockchain ventures, listed by Dubai as a global financial hub.

Future Outlook:

The Dubai FinTech Summit play the role of a Cassandra in the financial development of the MEASA region with the intention of positioning modern Dubai as one of the leading global financial hubs by 2033 in line with the Dubai Economic Agenda. The Summit’s triumph substantiates the notion that Dubai is a city of innovation.