The Dubai Financial Technology Summit will be officially held on May 8 and 9. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the vice governor of Dubai, the Deputy Prime Minister and Minister of Finance of the United Arab Emirates and the chief president of the Dubai International Financial Center, will sponsor the Dubai Financial Technology Summit, Dubai will also continue to consolidate its reputation as a global center for financial technology and innovation. In 2022, the investment in DIFC financial technology and innovation community exceeded 615 million US dollars, and the number of active enterprises in this field increased by 36% to 686.

According to the report of DIFC fintech Hive in 2022, the financial technology and innovation units in the Middle East, Africa and East Asia (MEASA) are rapidly increasing, and the estimated value will double, from US $135.9 billion in 2021 to US $266.9 billion in 2027. The Dubai Financial Technology Summit also provides a perfect natural environment for start-ups, investors and industry leaders, who will use this opportunity to make breakthroughs in the region and other regions.

This summit, organized by DIFC, the leading international financial center of MEASA, will bring together 5000 financial technology and senior experts from all over the world to discuss the independent innovation and challenges in this field, and focus on everything that endangers the future of the financial industry - from Web3, Metaverse and blockchain technology to decentralized finance, control, management decision-making, and more importantly, the need to improve the diversity of the financial industry. Viewers will also be able to meet with more than 100 financial technology exhibitors and actively participate in a series of group discussions and kitchen side chat. The Dubai Financial Technology Summit will be held in Madina Jumeirah, Dubai.

The event will invite respected local voices such as Abdullah Bin Touq Al Marri, head of the economic section of the United Arab Emirates, and Essa Kazim, acting governor of the Dubai International Financial Center (DIFC). The impressive list of speakers at the summit included Mels Winters, CEO of the Bank of East Asia Group; Brad Garlinghouse, CEO of Ripple; Melissa Guzy, co-founder and managing partner of Arbor Ventures; Michael Scholov, CEO of Fireblock; And others.

At this stage, 60% of the financial technology enterprises of the Gulf Cooperation Council are located in Dubai and the Dubai International Financial Center (DIFC). Dubai and DIFC are recognized as the innovation centers of the world. The unique ecosystem and comprehensive industrial mode not only promote the future development of the financial industry, but also promote the future socio-economic development. According to the data of Magnit, in 2021, the capital of newly established financial technology companies in the Middle East and North Africa increased by 183% year on year.

Mohammad Alblooshi, responsible person of DIFC Innovation Center and fintech Hive, paid attention to the growing harm of the financial technology industry in this region, and pointed out that:

"In recent years, the demand for financial technology service projects has increased significantly, also benefiting from electronic information technology and cross-industry independent innovation. In recent years, DIFC has successfully consolidated its position as MEASA's regional financial and innovation center by providing a comprehensive natural environment for financial technology and venture capital. Overseas investment companies have created a good opportunity for start-ups, global players and unicorn enterprises to create an industrial base in Dubai to make money."

He added:

"I firmly believe that the Dubai Financial Technology Summit organized by DIFC will soon become a key service platform that attracts the attention of the field, so as to realize our vision and make Dubai become the home of financial technology and finance in the future."

Michael Shaulov, CEO of Fireblocks, also pointed out when evaluating the matter:

"In recent years, Dubai has done a very good job in the field of digital currency. The cooperation model between the government and the industry has deeply attracted some of the most dynamic and breakthrough enterprises in the digital currency industry to Dubai, consolidating its position as the core of financial technology and ensuring its economic security in the future. Fireblocks is very happy to participate in the Dubai Financial Technology Summit to explore better financial technology solutions in the world."

Tourists can now buy the ticket fee for the Dubai Financial Technology Summit, and the early bird price can be given before March 15, 2023.

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