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Wednesday, February 28, 2024

Unlocking Future Finance: Unique Insights from DFS Dialogues for Dubai FinTech Summit 2024


DFS dialogues are unique strategic conversations that happen in non-public invite-only gatherings within the run-up to the Dubai FinTech Summit, participated by trade consultants, C-suite leaders from banks, monetary providers and insurance coverage companies, fintechs, traders, policymakers and media.

These gatherings are targeted on exploring numerous views on trade challenges and brainstorming concepts to develop actionable insights that may form the general course for the principle occasion, the Dubai FinTech Summit.

Mohammad Alblooshi CEO DIFCMohammad Alblooshi CEO DIFC
Mohammad Alblooshi, CEO, DIFC Innovation Hub

Mohammad Alblooshi, CEO of innovation neighborhood DIFC Innovation Hub, opened the occasion, talking to the invitees and pondering of the summit in 2023; he mentioned: “Final yr, we did a great job. However we’ve not even scratched the floor. We have now to take action far more collectively, and that’s why we wished to facilitate this gathering right now, which brings individuals from the banking neighborhood, the fintech neighborhood, the regulators, as effectively, because the tech trade to inform us what you suppose may occur, what must be mentioned, what are among the tendencies that you just’re seeing, and what you’ll you wish to see in addition to a participant?

“That is for the neighborhood, the fintech neighborhood of Dubai, everybody who’s concerned in shaping the way forward for finance for town of Dubai.”

Darius Alexander, head of know-how and fintech in MENA for enterprise consultancy FTI Consulting, was tasked with moderating the dialog with 30+ very senior people inside the banking, regulatory, fintech, {and professional} providers sectors. The dialog began by diving into the regulatory framework, a key matter for the summit this yr; it wasn’t lengthy earlier than the dialog moved to the anticipated space of AI.

Abdallah Abu-sheikh, the founding father of enterprise growth platform Astro Labs, raised a really attention-grabbing level, saying: “AI is in the identical cycle as apps and blockchain was beforehand; the place everyone seems to be constructing an ALM, in two to 3 years it will grow to be an working system of types.”

Digital property

Because the dialog moved ahead, the world of digital property was raised. Mahendra Kasula from First Abu Dhabi Financial institution (FAB) raised the necessity to proceed creating a framework for this new asset class. Earlier than the primary half of the session concluded, Andrew Mortimer, the nation supervisor and chief working officer for Barclays within the Center East, raised an attention-grabbing dialogue thread across the adoption of central financial institution digital currencies (CBDCs) and if this growth would provide confidence in different types of digital property.

After the break, the dialog continued, and the dialogue targeted on Embedded finance; we heard from Hassan Mahbub, director of fintech for Talabat, on the significance of cost service suppliers (PSPs) who facilitate embedded finance.

The conclusion of the occasion confirmed the important thing themes to be additional explored and referenced on the summit to be, together with regulatory framework, embedded / open finance, funding, AI, Web3, ESG in addition to sustainability and macroeconomics.

Beneath the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and President of DIFC, the Dubai FinTech Summit returns for its extremely anticipated second version on 6 to 7 Might 2024. Register right here now!

Summit at a look

8000+ C-suite leaders
1000+ pre-qualified traders
300+ audio system
200+ fintech exhibitors
100+ international locations
5 levels

There shall be two days of dynamic discussions, keynote addresses, panel classes, in addition to one-to-one networking classes that delve into the most recent fintech tendencies, regulatory insights, and progressive applied sciences. There’s additionally the chance to attach with leaders, community with friends, and discover alternatives that may drive companies ahead.

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