DUBAI, 26th February, 2020 (WAM) — The Dubai Worldwide Monetary Centre, DIFC, has reaffirmed its dedication to Asian FinTech partnerships, following the signing of a Memorandum of Understanding, MoU, with Tribe Accelerator of Singapore, to collaborate on sharing of data and to companion throughout joint occasions.
The settlement follows DIFC Authority and DIFC FinTech Hive’s current participation within the Singapore FinTech Pageant, the most important monetary expertise occasion on the earth.
DIFC and Tribe Accelerator additionally partnered on the primary Dubai version of the Tribe Demo Day in December 2019, which showcased 9 growth-stage corporations with compelling use instances utilising blockchain expertise, starting from Collection A – Publish-IPO throughout verticals akin to Media & Promoting, Information, FinTech, Healthcare, Provide Chain and Commerce Finance, starting from Collection A and past.
DIFC’s FinTech ecosystem has greater than 100 FinTech corporations on the centre, reflecting a three-fold progress in registered FinTech corporations for the reason that finish of 2018, intimating a pointy rise in 2019, as main worldwide and regional FinTech corporations select the DIFC as their most well-liked 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 companies sector and the DIFC’s thriving FinTech group advantages from the sturdy relationships the centre has constructed with key worldwide accelerators via ongoing delegations, strategic agreements and mutually helpful partnerships with key world monetary centres.
Arif Amiri, Chief Govt Officer, DIFC Authority, stated, “Dubai is the gateway to the MEASA area for aspiring FinTech corporations, 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-based corporations, in addition to the 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 progress via strategic partnerships with like-minded establishments and entities to spotlight the wealth of alternatives for FinTech organisations within the MEASA.”
The DIFC works with stakeholders regionally and internationally to develop strong digital infrastructure and enticing a FinTech ecosystem.