Dubai – Mubasher: Dubai International Financial Centre’s (DIFC) on Sunday announced that it has signed a memorandum of understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s FinTech ecosystem.
The deal was signed by Arif Amiri, CEO of DIFC Authority, and Natalie Ceeney, chair of Innovate Finance, at the UAE Embassy in London.
“The latest signing builds on the 10 global agreements that were agreed by DIFC and FinTech Hive in 2018 with FinTech hubs in New York, London, Hong Kong, Kuala Lumpur, Singapore, Mumbai, Paris, Brussels, Holland and Bahrain,” the statement highlighted.
The MoU aims to improve collaboration between the UK and Dubai FinTech ecosystems.
“During the year, FinTech Hive at DIFC will work with Innovate Finance and other global partners to strengthen our FinTech ecosystems for the benefit of start-ups who will be able to maximise the market opportunities in both locations,” Amiri said.
Ceeney noted that Dubai is considered a rising influencer within the financial technology space, and Innovate Finance is looking forward to developing a comprehensive partnership, which will prop up business activities of both large and small FinTechs.
