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Sheikh Maktoum bin Mohammed, Deputy Prime Minister, Minister of Finance, and President of the The Dubai International Financial Centre (DIFC), said Dubai will host the FinTech Summit next year to cement its position as a global financial technology hub.
The DIFC will host the Dubai FinTech Summit on 8 and 9 May. More than 5,000 global experts, thought leaders, policymakers and decision-makers are planned to attend "to discuss the future of the FinTech sector," Sheikh Maktoum said.
The summit will continue to cement Dubai's leading role in shaping the future of finance,
he added.
The summit should serve to develop the financial services industry through the reports, strategies and action plans that will be developed as a result of the forum.
Future themes of the summit will include the future of FinTech, embedded and open finance, sustainability, Web3 and digital assets. It will also provide an opportunity for more than 100 FinTech and Future of Finance companies to showcase their latest technologies and innovations.
Nearly $1 billion was raised in the MENA region in 2021, a 78% increase from 2020, according to the annual report from FinTech Hive, the DIFC-backed startup accelerator. Despite slowing economic growth and growing fears of a global recession, investment in the FinTech sector is expected to remain in the focus of venture capital and investment funds.
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