GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Technology

 
  Share

Global fintech innovation showcase opens in Dubai 

Dubai, UAE; 26 February 2018:   More than 400 leaders in the industry of fintech have gathered in Dubai today to showcase innovation in their sector, highlighting the future of fintech for the global and regional markets.

Held in partnership with the UAE Ministry of Finance, and showing off the latest products in action as well as boosting the UAE as an international hub for fintech, FinovateMiddleEast opened today (26 February) and runs for two days at the Madinat Jumeirah Conference Centre.

H.E. Obaid Humaid Al Tayer, UAE Minister of Finance underlined the Ministry's commitment to the government's vision to reduce the use of oil and move towards an economy of knowledge, based on innovation and creativity, for example by maximising the use of Blockchain technology.

He said: “The Ministry of Finance continues to support and encourage innovation, and provide the right environment in which it can flourish.  Our efforts sit within the framework of the national innovation strategy, contributing to the UAE Vision 2021.  We support the efforts to see the UAE government recognised as the world's most innovative and we continue to nurture innovation by adopting innovative business mechanisms and funding innovators in various fields.”

The event has brought together early-stage start-ups, leading established companies, media, financial service institutions and funders drawn by the opportunity to see the future of fintech both regionally and globally.

Heather Stowell, Vice President of Finovate, a company with a large portfolio of events spanning across the globe, said. “We are really excited about bringing together start-ups, leading established companies, media, financial service institutions and funders to discuss the future of fintech. 

“The UAE Ministry of Finance is exploring how the region is leading the way in innovation and smart technology and providing their perspective on the future of fintech globally.” 

The event's congress brings the biggest and best global names in fintech to Dubai from countries such as Australia, China, India, Malaysia, UAE, UK and beyond. 

Keynote speakers over the two days include: Ruth Wandhofer, MD, Global Head Regulatory and Market Strategy, Citi; Mike Cunningham, CEO, Clearly; Bryan Stirewalt, Managing Director, Supervision, DFSA; and Sameer Singh Jaini, Fintech Asia top 100 influencer and CEO, Digital Fifth.

Paul Schulte, Founder of Schulte Research and a speaker at the event said: “Blockchain will change the way we understand companies, nation states and the current financial arrangement.  Those incumbents who do not aggressively change will be mowed over by innovative centres in places like Shenzhen, Seoul, UAE and Singapore. Be aware.”

Other experts delivering sessions are: Jim Marous, Author and Publisher, The Financial Brand and the Digital Banking Report; Mark Hewlett, Head of Commodities, Ebury; Zhi Ying Ng, Senior Analyst, Forrester; Devie Mohan, CEO, Burnmark; Farrukh Habib, Researcher, International Shariah Research Academy for Islamic Finance (ISRA); and Steve Naude, Head ME and Africa, TransferWise.

Exploring three principal areas in fintech including financial inclusion, emerging technologies (application of AI and Blockchain technology) and how banks and fintechs can work better together, the event will focus on how the UAE is transforming from an oil-dependent economy to one led by fintech. 

Other prominent topics throughout the two days include a case study on an interbank Blockchain pilot featuring India and the UAE, how to reap the benefits from the changing environment in banking, how Malaysia is building a cryptocurrency and how banks and fintechs are working together in India.

Widely recognised as a landmark year for investing in financial technology in the Middle East, 2017 paved the way for more investment opportunities, acquisitions and partnerships over the next 12 months.

The leading financial centre for the MEASA and one of the world's top 10 FinTech hubs, the Dubai International Financial Centre (DIFC), was out in full force to showcase their initiative to support and cultivate financial tech in the Middle East.

Raja Al Mazrouei, Executive Vice President, FinTech Hive at DIFC, said: “FinTech Hive at DIFC, the first FinTech accelerator in the region, is one of the initiatives for incubating and accelerating these ideas. We are proud to be a platform for start-ups and entrepreneurs with disruptive ideas to thrive alongside the community of established financial services, insurance and professional services firms.”

Prominent companies such as EbankIT, munnypot, Dorsum, New Bridge, efigence, Ondot, RISQ, Wealth Migrate and ZagTrader are set to showcase and demonstrating their latest tech and products to delegates on the show floor.
 
Additionally, FinovateMiddleEast's signature 7-minute demos are a core feature of the show with start-ups and established companies delivering live demonstrations of their latest fintech innovations.

With over 40 marketing sponsors, FinovateMiddleEast is supported by strategic partner: the UAE Ministry of Finance; platinum sponsor: UAE Exchange; silver sponsor: Temenos; and bronze sponsors Loxon Solutions, Ortec Finance and Plug & Play.  

Finovate has established itself as the leading showcase for fintech innovation around the world, with five locations – New York, Silicon Valley, London, Hong Kong and Dubai.



Posted by : GoDubai Editorial Team
Viewed 6740 times
Posted on : Monday, February 26, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : RAS AL KHAIMAH Chamber Receives ISO 27001 Certification
Next Story : ESET launches ESET Smart TV Security to protect smart TV users from rising malware threats
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Purely Pandora Classics With a Twist
Tryano Launches Elemis
Festive Gifting Guide
New 1948 Seamaster Watches Join the Ranks
Add a festive sparkle to your eyes with Palladio Beauty
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Ge...
Amp up your skincare routine with The Organic Pharmacy's new corrective serums
Parmigiani Fleurier, new Friends of the Brand – ice-hockey superstar, Evgeniy Ma...
Hour Choice presents Coach Park Collection
Certina DS PH200M collection
Joyalukkas brings joy to hundreds around the world with gold bar giveaway this f...
Tissot T-Race Marc Marquez
LACOSTE presents its new Legacy collection
Oh So Heavenly! Bath Sets from Glambeaute.com that make a great gift this festi...
Sawalef Perfumes is now available at Mirdif City Centre
Souq.com's Biggest Ever White Friday Sale
Discovering the power of Accessorizing with Rebecca Minkoff
Kors Dubai: Michael Kors Celebrates A New Middle East Flagship Store and Specia...
Puma Launches RS-X Toys
The Ultimate Festive Guide For Little Ones
Introducing Nokia 3.1 Plus to the UAE
Introducing the GUESS Holiday 2018 Collection
Zoho launches its cloud accounting software in Bahrain
Puma Drops Cali in New Colorway
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz honored Huawei w...
XTouch New XBone Bone Conduction Headphone Brings Safe and Convenient Experience
Jaguar F-Type Rally Cars Celebrate 70 Years of Sports Car Heritage
Audi Innovation Award Winner Announced at Dubai Design Week
Alstom delivers first Dubai metro trainset on time
Special Olympics Will Create a Legacy of Inclusion Through Art
Celebrate a Month-long Festive Feast at Swissôtel Al Ghurair
Win Big this Winter with UAE Exchange
Mademoiselle Longchamp
The mystery of dandruff jokes finally revealed
Al-Futtaim Honda launches ‘The Great Escape' promotion
Turkish Airlines reached 83.4% Load Factor in October
Shop, Stay and Unwind at Swissôtel Al Ghurair This UAE National Day
Roda Hotels and Resorts named front-runner and pioneer of the regions hospitalit...
Celebrated singer and songwriter Atif Aslam set to perform at BOLLYWOOD PARKS™ Dubai
Huawei wins the First Place Prize of the King Khalid Responsible Competitiveness...
HE Abdulla Ali Bin Zayed Al-Falasi officially opens HR Summit & Expo 2018
Ministry of Tolerance takes initiatives to promote and spread tolerance, coexist...
The Fourth Edition Of Dubai Design Week Is Now Open!
Festive Gift Guide
The Rado DiaMaster Ceramos collection!
Dragon Mart gears up for a spectacular three-day Oman National Day celebration
UAE nursery chain wins Global Award for Sustainability
World Tolerance Summit gears up for its first staging
Preciosa Lighting brings Breath of Light to the Middle East
IAHV Rehabilitation and training program provide trauma relief to 14,000 refugees