News DeskDubai, UAE – Dubai is gearing up to host the highly anticipated second edition of the Dubai FinTech Summit on May 6-7 at Madinat Jumeirah. Under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, the summit, organized by the Dubai International Financial Centre (DIFC), promises to be a convergence point for global financial leaders, innovators, and investors.
Expected to draw 8,000 decision-makers, 300 thought leaders, and over 200 exhibitors, the Summit aims to delve into the latest innovations, challenges, and cutting-edge technologies in the rapidly growing FinTech sector. With the global FinTech market projected to reach USD 608 billion by 2029, according to Mordor Intelligence, and the MENA FinTech market showing promising growth, the Summit serves as a crucial platform for stakeholders to capitalize on this momentum.
Mohammad Alblooshi, CEO at DIFC Innovation Hub, emphasized the significance of the Summit in driving innovation, inclusivity, and growth in the FinTech sector. With nearly 60% of FinTech companies in the GCC based in Dubai, the city is positioned as a hub for FinTech innovation in the region.
The Summit’s agenda will focus on key themes including Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics, and FinTech 2.0. Distinguished speakers from both local and international financial institutions will participate in panel discussions and fireside chats, offering insights into the future of finance.
Notable attendees include governors of financial institutions from various countries, such as H.E. Essa Kazim, Governor of DIFC, UAE, and international industry leaders like Adena T. Friedman, Chair & CEO of Nasdaq Inc, and Nic Dreckman, CEO of Bank Julius Baer & Co.
A highlight of the Summit will be the Grand Finale of the FinTech World Cup, where the winners stand a chance to secure an investment of up to USD 1 million. This competition, aimed at fostering cross-border collaboration and innovation, underscores Dubai’s commitment to becoming a global financial hub by 2033.
The inaugural Dubai FinTech Summit attracted significant participation, with over 5,000 C-suite leaders from 90 countries and the signing of over 20 Memorandum of Understandings with global financial leaders. The upcoming edition aims to build on this success and further propel Dubai’s position in the global FinTech landscape.
