900 companies specialized in the financial technology sector operate under the umbrella "Dubai International Financial"
Dubai, 7 May / WAM / Mohammed Al Balushi, CEO of the Innovation Hub of the Dubai International Financial Centre, stressed the importance of the Dubai Future Technology Summit in shaping the future of this vital sector, by bringing together stakeholders and decision makers under one roof to shape the future of the sector. Financial.
Al Balushi said, in a statement to the Emirates News Agency, WAM, on the sidelines of the Dubai FinTech Summit, that modern technologies such as artificial intelligence play a prominent role in the growth of the financial sector, noting that the summit highlights in its sessions the role of modern technologies in the financial sector as it is a pillar. One of the pillars of sector growth and innovation.
He added that the financial technology sector continues to grow, supported by increased investments and innovations, pointing to the role of the Dubai International Financial Center in enhancing its growth by attracting companies working in this field, stressing that the center currently includes about 900 companies specialized in financial technology, which in turn contribute to enhancing the continued growth momentum. Financial and technological sector.
Al Balushi explained that the summit aims to focus on developments in the sector and discuss various topics, including specific specializations such as digital payments, open banking, and digital assets, in addition to the role of investment capital in the financial technology sector, noting that most of the companies operating in the financial technology sector are emerging companies, which It plays a major role in providing the necessary support to companies and reducing costs. It enlightens them about investment capital to support the company’s success and expand its business, and is keen to follow business growth and developments to ensure understanding of legislation, regulations and requirements.
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