- New partnership settlement signed with Tribe Accelerator, the primary Singapore authorities supported Blockchain accelerator to collaborate on data sharing and occasions
- DIFC Authority and DIFC FinTech Hive constructed robust relationships throughout world’s largest monetary expertise occasion in Singapore to drive alternatives for the FinTech sector throughout the Center East and South Asia
Dubai, UAE, 26 February 2020: Dubai Worldwide Monetary Centre (DIFC), the main worldwide monetary hub within the Center East, Africa and South Asia (MEASA) area, has reaffirmed DIFC’s dedication to Asian FinTech partnerships and advancing the Centre’s FinTech ecosystem.
DIFC has signed a Memorandum of Understanding (MOU) with Tribe Accelerator, the primary Singapore authorities supported Blockchain accelerator, to collaborate on data sharing and to accomplice throughout joint occasions. The settlement follows DIFC Authority and DIFC FinTech Hive’s current participation throughout the Singapore FinTech Competition, the most important monetary expertise occasion on this planet, boosting DIFC’s profile throughout the area and producing ongoing enterprise growth alternatives.
DIFC and Tribe Accelerator additionally partnered on the primary Dubai version of the Tribe Demo Day in December 2019 which showcased 9 growth-stage firms with compelling use circumstances utilising blockchain expertise, starting from Collection A – Publish-IPO throughout verticals corresponding to Media & Promoting, Knowledge, FinTech, Healthcare, Provide Chain and Commerce Finance, starting from Collection A and past.
DIFC’s dynamic FinTech ecosystem has greater than 100 FinTech firms within the Centre, reflecting a three-fold development in registered FinTech companies because the finish of 2018, intimating a pointy rise in 2019 as main worldwide and regional FinTech firms select the DIFC as their most popular jurisdiction from which to scale their enterprise within the area. Lengthy-term methods are in place to draw and retain key gamers and traders to the monetary providers sector and the DIFC’s thriving FinTech neighborhood advantages from the robust relationships the Centre has constructed with key worldwide accelerators via ongoing delegations, strategic agreements and mutually useful partnerships with key international monetary centres.
Arif Amiri, Chief Govt Officer, DIFC Authority, stated: “Because the main FinTech hub within the MEASA area, we’ve got been laying a strong basis for the way forward for finance for the previous 15 years, specializing in growing a pioneering and enabling FinTech ecosystem. A lot of our focus has been growing MOUs with organisations and companions who share our imaginative and prescient for accelerating monetary innovation.
“Dubai is the gateway to the MEASA area for aspiring FinTech companies, innovators and entrepreneurs in search of to increase within the area. Our MOU with Tribe Accelerator reinforces the strong and collaborative enterprise relationship between Dubai and Singapore primarily based companies, in addition to DIFC’s strategic objective to drive the way forward for finance via an enabling enterprise setting. Singapore FinTechs are confirmed pioneers inside monetary expertise and devoted to driving development via strategic partnerships with like-minded establishments and entities to spotlight the wealth of alternatives for FinTech organisations within the MEASA.”
DIFC works with stakeholders regionally and internationally to develop a strong digital infrastructure and engaging FinTech ecosystem. The Centre gives an unbiased regulatory and judicial system, a worldwide monetary change, entry to funding, a dynamic and enabling sector setting, complemented by a various and cosmopolitan expertise pool and a vibrant enterprise neighborhood.
Copyright Press Releases 2020