Dubai FinTech Summit Reflects on Successful Second Edition in 2024
The Dubai FinTech Summit has hailed its second edition, which concluded last week, as a success, having attracted over 8,000 visitors from 118 countries.
From government officials and policymakers to start-up founders, the two-day Dubai FinTech Summit 2024, held at Madinat Jumeirah, saw over 300 thought leaders participate in 125 discussions across five stages and over 200 exhibitors showcasing cutting-edge technologies. Over 20 government dignitaries also attended the event, including the Mayor of Seoul, central bank governors, and deputy governors.
Essa Kazim, governor of DIFC, commented: “The Dubai FinTech Summit is not just a gathering, it is a platform for transformative discussions and collective action. The Dubai FinTech Summit stands as 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 firms.”
Over 50 international associations participated in the Summit this year, including Africa FinTech Network, Business France, FinTech Philippines Association, European Blockchain Association, Global FinTech Alliance (GFA), Hong Kong FinTech Industry Association, International Digital Economy Association, Invest Seoul, Luxembourg Institute of Financial Technology (LHOFT), Swiss Finance & Technology Association and Women in Web3 Association.
Dubai FinTech Summit also hosted signing ceremonies for over 50 memorandum of understandings (MOUs) with global financial leaders, as well as several key announcements from attending businesses.
Nik Storonsky, founder and CEO of Revolut, the UK-based neobank and fintech, announced expansion plans in the MEASA region, marking a significant step towards fostering financial inclusion through cutting-edge technology.
More launches and announcements
Meanwhile, State Street Global Advisors’ CEO, Yie-Hsin Hung, also announced that the firm will return to DIFC. Based on the region’s expanding opportunities, paired with DIFC’s 20-year track record as a leading hub for finance and growth, DIFC continues to attract an extensive list of banks, advisors, high-net-worth individuals, family offices, and sovereign wealth funds seeking exposure to the region’s fast-growth markets within a future-forward regulated environment.
Dyna.Ai, a Singapore-headquartered firm, revealed plans to launch operations across Asia, the Middle East, Africa, Europe, North America and Latin America, hoping to transform businesses with AI. The company offers a suite of solutions for digital banking, risk management, audience communication, and employee productivity to address current financial challenges.
In the MEA region, offices will be opened in the UAE, Saudi Arabia, and Nigeria. Dyna Athena, a newly launched AI platform, will provide revolutionary communication and interaction between customers, which will include features such as text-to-speech, language and speech processing.
The firm also launched ‘Dyna Avatar’, a new humanoid customer assistant, capable of real-time voice-activated conversations in Arabic, English, Chinese, Japanese and Thai, at the Summit.
