The Dubai Financial Services Authority (DFSA) is delighted to co-host the 2nd Annual FinTech Summit with Naseba a business facilitation company at Park Hyatt Dubai, on October 30. The summit will provide a platform for the region’s Banking, Financial Services and Insurance (BFSI) decision makers to discuss and evaluate the latest developments in FinTech.

The DFSA’s involvement in the summit reflects its efforts to develop an innovation-friendly ecosystem, and compliments the UAE National Innovation Strategy set out by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, to make the UAE a hub for innovation and technology.

The summit is being held under the theme ‘Transforming BFSI Enterprises’ and will feature keynote addresses from industry thought leaders, as well as business meetings between FinTech solution providers and BFSI senior executives who are seeking to adopt FinTech solutions. Delegates will hear from a distinguished panel of experts, who will discuss the latest developments and innovations in FinTech including Artificial Intelligence, Blockchain, Digital Payments, and Cyber Security.

In May, the DFSA introduced the DFSA’s Innovation Testing Licence, a special class of restricted financial services licence that allows FinTech firms to develop and test innovative FinTech concepts from the Dubai International Financial Centre (DIFC). In addition, the DFSA introduced a tailored regime for loan and investment crowdfunding platforms in August.

Mr Bryan Stirewalt, Managing Director, Supervision, at the DFSA, said: “We are firm believers in the value that FinTech can bring to this region and are providing the regulatory infrastructure to ensure its sustainable development in and from the DIFC. We are delighted to use this platform to bring together market practitioners and experts to discuss the latest developments in this new and exciting area.”

Speakers at the summit include; Mr Stirewalt, Alastair Lukies CBE, the UK Prime Minister’s Business Ambassador for FinTech, Sagheer Mufti, Chief Operating Officer of Abu Dhabi Islamic Bank,  Naimish Shah, SVP of Innovation and FinTech at Emirates NBD.