Fintech
Dubai FinTech Summit reflects on success of second edition in 2024
THE Dubai Financial Technology Summit hailed its second edition, which concluded last week, as a success, attracting more than 8,000 visitors from 118 countries.
From government officials and politicians to start-up founders, the two days Dubai Financial Technology Summit The 2024 edition, held in Madinat Jumeirah, saw over 300 thought leaders participate in 125 discussions across five stages and over 200 exhibitors showcasing cutting-edge technologies. More than 20 government dignitaries, including the mayor of Seoul, central bank governors and vice governors, also attended the event.
Essa Kazimgovernor of DIFC, commented: “The Dubai FinTech Summit is not just a meeting, it is a platform for transformative discussions and collective action. The Dubai FinTech Summit represents a beacon of impact, progress and collaboration, creating unprecedented opportunities for growth and innovation. Dubai is at the forefront of shaping the future of finance and will continue to strengthen its position as a leading global hub for fintech companies.”
This year, over 50 international associations participated in the Summit, including African Financial Technology Network, Business France, Philippine FinTech Association, European Blockchain Association, Global Fintech Alliance (GFA), Hong Kong Fintech Industry Association, International Association for the Digital Economy, Investing in Seoul, Luxembourg Institute of Financial Technology (LHOFT), Swiss Finance and Technology Association AND Women in Web3 Association.
The Dubai FinTech Summit also hosted signing ceremonies of more than 50 memorandums of understanding (MOUs) with global financial leaders, as well as numerous key announcements from participating companies.
Nik Storonskyfounder and CEO of RevolutionUK-based neobank and fintech, has announced plans to expand into the MEASA region, marking a significant step towards promoting financial inclusion through cutting-edge technology.
More launches and announcements
In the meantime, State Street Global Advisors‘ CEO, Yie-Hsin Hung, also announced that the company will return to the DIFC. Based on the region’s expanding opportunities, coupled with DIFC’s 20-year track record as a leading hub for finance and growth, DIFC continues to attract a broad roster of banks, advisors, high net worth individuals, family offices and sovereign wealth funds seeking exposure to the region’s fast-growing markets in a forward-looking regulated environment.
Dyna.Ai, a Singapore-based company, has revealed plans to launch operations in Asia, the Middle East, Africa, Europe, North America and Latin America, hoping to transform businesses with artificial intelligence. The company offers a suite of solutions for digital banking, risk management, public communication and employee productivity to address today’s financial challenges.
In the MEA region, offices will be opened in the United Arab Emirates, Saudi Arabia and Nigeria. Dyna Athena, a recently launched AI platform, will provide revolutionary communications and interactions between customers, which will include features such as text-to-speech, language and speech processing.
During the Summit, the company also launched “Dyna Avatar,” a new humanoid customer assistant capable of real-time voice conversations in Arabic, English, Chinese, Japanese and Thai.