2nd edition of Dubai FinTech Summit Attracted Over 8,000 Visitors

Dubai, 8th May 2024: The highly anticipated 2nd edition of the Dubai FinTech Summit (DFS), organized by the Dubai International Financial Centre (DIFC) 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, concluded with resounding success. The event brought together over 8,000 global decision-makers from 118 countries, representing various industries and interests.

The 2nd edition of the Dubai FinTech Summit at Madinat Jumeirah featured an impressive lineup of more than 300 thought leaders engaging in over 125 discussions across five stages. Additionally, the exhibition floor showcased cutting-edge technologies from over 200 exhibitors.

His Excellency Essa Kazim, Governor of DIFC, commented:

“The Dubai FinTech Summit is not just a gathering, it is a platform for transformative discussions and collective action. The Dubai FinTech Summit stands as a beacon of impact, progress, and collaboration, creating unprecedented opportunities for growth and innovation. Dubai is at the forefront of shaping the future of finance and will continue to strengthen its position as a leading global hub for FinTech firms.” said

Key Highlights:

Over 50 Memoranda of Understanding (MoUs) were signed with global financial leaders, paving the way for transformative collaborations.
Notable announcements included Nik Storonsky, Founder and CEO of Revolut, unveiling expansion plans in the MEASA region to promote financial inclusion through technology.
State Street Global Advisors announced the reopening of its Dubai offices, underlining the region’s strategic importance.
Dyna.Ai launched operations across multiple continents, focusing on AI-driven solutions for the financial industry.
His Excellency Essa Kazim, Governor of DIFC, emphasized the Summit’s significance as a platform for impactful discussions and collective action, positioning Dubai at the forefront of global finance innovation.

During his opening remarks, Arif Amiri, Chief Executive Officer at DIFC Authority, said:

“Dubai FinTech Summit offers a unique platform to explore the opportunities ahead of us, which is why, at DIFC, our strategy is firmly focused on being at the heart of this FinTech revolution. During our 20 years of operations, we
have always embraced innovation. It is part of our X factor. We do not simply talk about it but engage with it; with the talent, with the investors and the regulators to execute it. Our visionary leadership has always enabled Dubai and DIFC to take a leading role in driving the future of finance and innovation. For this reason, we have built the regionS most comprehensive proposition that enables our clients to do and achieve great things in a place that integrates FinTech firmly into its DNA. In a place that attracts talented entrepreneurs, encourages collaboration, and provides global connectivity: a gateway between the east and the west, and a true nexus point for the global markets.”

About Dubai FinTech Summit

Dubai FinTech Summit is an annual mega event organized by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region. The 2nd edition will bring together over 8,000 global industry leaders, 1,500 investors, and policy makers, signalling an increased appetite for growth opportunities in the region.

Dubai FinTech Summit signals a new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 percent CAGR to USD949 billion from 2022 to 2030. The Summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the top four global financial hubs by 2033.

The expanded program of the Dubai FinTech Summit is set to exceed expectations by diving into key tracks, including the future of FinTech, embedded and Open Finance, climate finance, Web3, and digital assets. The summit is a thought leadership-driven platform that addresses industry challenges head-on and champions innovation.

The success of this year’s event sets the stage for the third edition of the Dubai FinTech Summit, scheduled for 7th-8th May 2025. This summit will continue under the visionary directives of His Highness Sheikh Maktoum.

For more information about the Dubai FinTech Summit, visit www.dubaiFinTechsummit.ae.

Contact:
Samia Ahmad
Assistant Manager, Marketing at DIFC Innovation Hub
Email: samia.ahmad@difc.com
Phone: +971 4 362 2657