Maktoum bin Mohammed announces Dubai FinTech Summit

The global event, which will be organised by the Dubai International Financial Centre (DIFC), on 8th and 9th May 2023 at Madinat Jumeirah, Dubai, will bring together more than 5,000 experts, thought leaders, policymakers and decision-makers in Dubai to discuss how they can shape a new wave of innovation, enterprise and growth for the international financial industry.

Sheikh Maktoum said, “The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to turn the emirate into a global innovation hub and a leader in driving the future of finance. With FinTech emerging as a positive disruptor for transforming the financial landscape, the UAE is leveraging the opportunities brought by FinTech to reinvent the financial services sector.”

The event will see some of the world’s biggest personalities in the industry delivering keynote presentations, sharing their perspectives on industry challenges and identifying opportunities to maximise the impact of FinTech for people, businesses and economies.

Home to the region’s largest cluster of FinTech and Innovation businesses, DIFC is one of the brightest growth spots in the global FinTech market valued at more than $135.9 billion in 2021. The global market is expected to grow at a CAGR of 11.9 percent between 2022-2027 to reach a value of over $266.9 billion by 2027.

The Summit is focused on generating tangible outcomes, including reports, strategies and action plans that can help chart the way forward for the financial services industry.

The Dubai FinTech Summit marks the first time the UAE and Dubai will host a global FinTech event of this scale and size. The event builds on the success of DIFC FinTech Week hosted in June 2022, which saw more than 1,500 FinTech innovators, investment firms, banks, policymakers and service providers in the region, discuss drivers of growth in financial services.