- Ahead of the Dubai Fintech Summit, DIFC’s Fintech Fraternity marvels at an all-time high investment surge of a whopping USD 615 mn by the year-end of 2022.
- The market value is anticipated to amplify twice its current value, i.e. $266.9 bn by 2027.
- Dubai Fintech Summit is expected to manifold the current investment surge by convening more than 5,000 global specialists and policymakers for the event.
Dubai FinTech Summit is expected to reckon with and garner the most prominent business minds across the world with its detailed network outlay to the very ground of the business industry in Dubai and neighboring regions. The Middle East, Africa, and South Asia (MEASA) region has turned out to become a fast-growing region with a market value anticipated to double in size by the year 2027.
Investment Surge and its causes as Dubai Fintech Summit for DIFC Firms follow
The DIFC firms have not just cropped up in the wake of a profitable and lucrative world market. It has been a result of years of experimenting and a combined effort of innovation across the Middle Eastern business communities. The government being as involved and as invested as the business fraternity of the region helped to create an ecosystem that promotes networking, upliftment, and advancement of big and small scale businesses attracting better investments and exposure.
With its best-in-class business ecosystem and a unique but comprehensive approach, Dubai and the DIFC have been home to multiple startups that have been doing exceptionally well in the current competitive economic scenario. DIFC currently abodes more than 60% of all fintech companies which also allows it to have an upper hand in shaping the future of economies in all pathways. The financial centre also rises up to the occasion when it comes to addressing the growing demands for FinTech Services and how innovation and technology can play their parts to successfully organize and accelerate growth in this sector.
Impacts of pre and post- of Summit
As its more than clear that the world has its attention on Dubai and its ever-adapting DIFC firms in the competitive market. The FinTech Summit will now allow the world to have a closer look and to be actually involved in the nitty-gritty details of the future of FinTech and Finances that Dubai has in store.
The Summit is a remarkable step toward making FinTech services more visible and approachable as well as establishing a reliable network between similar services across the globe and introducing it as a dynamic platform for FinTech Solutions. Today, many factors such as open banking, financial inclusions, digitization, and many more exist, some as independent services whereas some are paired with others. The idea is to bring together all the factors involved in finance and the well and technological sector which can accelerate the readiness for upcoming transformations in businesses.
The Summit is therefore evolving as the next big thing in the industrial development and has already captured everyone’s attention for its remarkable economic surges. What’s exciting is to see how this surge amplifies the upcoming market trends and promotes greater innovations together.