Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 6 hours, 23 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
DIFC joins hands with Innovate Finance
By our business bureau January 12, 2019
 Print    Send to Friend

DUBAI: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s FinTech ecosystem.

The MOU was signed by Arif Amiri, Chief Executive Officer of DIFC Authority and Natalie Ceeney, CBE, Chair of Innovate Finance at the UAE Embassy in London. The latest signing builds on the 10 global agreements that were agreed by DIFC and FinTech Hive in 2018 with FinTech hubs in New York, London, Hong Kong, Kuala Lumpur, Singapore, Mumbai, Paris, Brussels, Holland and Bahrain.

This agreement aims to cement cooperation and collaboration between the UK and Dubai FinTech ecosystems.  Innovate Finance and FinTech Hive (at DIFC) will explore concepts that will help startups in both locations, ranging from sharing knowledge, hosting learning initiatives for startups such as financial technology programmes in The Academy at DIFC and fostering relationships between their regulatory and financial communities.

Arif Amiri, Chief Executive Officer of DIFC Authority, said: “We are pleased to start 2019 by entering into a partnership with Innovate Finance which will help keep the UK and Dubai at the forefront of Financial Innovation. During the year, FinTech Hive at DIFC will work with Innovate Finance and other global partners to strengthen our FinTech ecosystems for the benefit of start-ups who will be able to maximise the market opportunities in both locations.” Natalie Ceeney CBE, Chair of Innovate Finance, said: “I am delighted to have signed this Memorandum of Understanding with the Dubai International Financial Centre (DIFC). Many global financial centres continue to see the UK as an attractive destination, and we are keen to support future collaborations for our members with partners overseas. Dubai is a rising influencer within the financial technology space and we look forward to developing a comprehensive partnership which will enable both large and small FinTechs in our respective hubs to scale.”

Over 80 FinTech sector-related companies now form part of the DIFC FinTech ecosystem and the Centre is committed to enhancing its reputation as the Middle East, Africa and South Asia’s most comprehensive FinTech market. This proposition includes an innovation-testing license, FinTech license, an interactive and collaborative workspace, along with access to the largest financial community in the region. Applications for DIFC’s USD 100m FinTech Fund are also expected to open in the next few months to accelerate the development of financial technology by investing in startups.

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of US$ 7.7 trillion.

With a 15-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.
 

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Partnership formed to boost women’s role
ABU DHABI: NAMA Women Advancement Establishment (NAMA) and the Women in Sustainability, Environment and Renewable Energy (WiSER) platform – a Masdar-led initiative dedica..
Etihad Airways flies world’s first flight using fuel made in UAE from plants
ABU DHABI: The Sustainable Bioenergy Research Consortium (SBRC), a non-profit entity established by Masdar Institute that is part of Khalifa University of Science and Tec..
DMCC awards construction contract to BESIX
DUBAI: DMCC, the world’s flagship Free Zone and Government of Dubai Authority, and master developer of Jumeirah Lakes Towers (JLT), announced today that it has awarded a ..
SHUAA successfully issues $135 million Sukuk for JODC
DUBAI: Shuaa Capital (SHUAA), the UAE-based financial services group is pleased to announce the issuance and private placement of a $135 million SAR506 million dollar-den..
Dubai Investments, Millennium Hotels sign deal
DUBAI: Dubai Investments (DI) has signed a partnership with Millennium Hotels & Resorts MEA to commence work on the Copthorne Creek Hotel, a 138-room hotel located in Al ..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright