DU(BA)I, 28th November, 2020 (WAM) — DIFC FinTech Hive, the most important monetary expertise hub within the Center East, Africa and South Asia, MEASA, area, a part of Dubai Worldwide Monetary Centre, DIFC, has signed a landmark settlement with Israel’s FinTech-Aviv.
FinTech Aviv was established in 2014 and serves the wants of the Israeli FinTech ecosystem and counts greater than 6,000 startups and 300 analysis and improvement centres as members.
The settlement is the primary of its type for the UAE and Israel, and strengthens DIFC’s place as MEASA’s primary FinTech hub and one of many world’s prime 10 FinTech hubs. The settlement introduced right this moment will allow DIFC to additional assist the UAE in facilitating financial progress from the expertise and innovation sectors.
Each events will work collectively on occasions, information sharing, expertise improvement and facilitating mutual introductions and referrals for corporations eager to increase in every respective jurisdictions.
The settlement follows the signing of the Abraham Accords Peace Settlement: Treaty of Peace, Diplomatic Relations and Full Normalisation between the United Arab Emirates and the State of Israel on 15 September 2020.
Since DIFC’s FinTech Hive launched in January 2017, the hub has grown to turn into a number one centre of innovation globally. Greater than 50 per cent of all FinTech companies within the GCC now function from DIFC. The primary half of 2020 witnessed DIFC FinTech Hive triple in measurement with the opening of a bigger area in Gate Avenue supporting start-ups, scale-ups and entrepreneurs.
Raja Al Mazrouei, Govt Vice President of DIFC FinTech Hive stated, “Like Dubai, Israel is effectively regarded for its method to innovation and embracing FinTech so it is very important collaborate now to share information and develop the sector additional. We’re happy to have partnered with FinTech-Aviv as we will obtain nice issues collectively. DIFC is now residence to greater than 240 FinTech associated corporations and the alternatives for progress are limitless.”
Nir Netzer, the Chairman of FinTech-Aviv stated, “On this unprecedented time of reaching out to advertise peace within the Center East, we’re honoured to provoke this distinctive collaboration so as to facilitate the export of Israeli applied sciences to new markets.
“The FinTech-Aviv group and its 30,000+ Israeli and worldwide members, proudly maintain the torch of this thrilling initiative and are humbled to be main Israeli FinTech firms in direction of the exploration of recent horizons with our new enterprise companions.”
