(MENAFN– Al-Bayan)
Financial experts and entrepreneurs specializing in the financial technology sector (FinTech) in Dubai unanimously agreed that the lack of financing and global economic problems resulting from the current geopolitical tensions are the most prominent challenges that the sector is currently facing.
A number of FinTech experts and entrepreneurs and owners of emerging companies operating in the same sector met in Dubai to discuss the most important current challenges facing the sector.
The meeting was held in the “Innovation Lab” of FinTech Hive, the first and largest business accelerator in the “Fintech” sector in the Middle East, Africa and South Asia, which was established by the Dubai International Financial Center to support its startups specialized in the sector, and provide them with all funding and training needs.
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The meeting served as an introductory discussion panel to identify the most prominent issues and topics worthy of discussion during the Dubai Fintech Summit, scheduled for the eighth and ninth of May next, at the same meeting venue, which was held in the form of a round table. The roundtable began with an introductory speech by Mohammed Al Balushi, Head of Fintech Hive and Innovation Lab at the Dubai International Financial Centre.
Among the most prominent attendees and participants in the panel discussion were Naveen Gupta, Managing Director for South Asia, Middle East and North Africa, at Ripple, the famous company that issued the cryptocurrency of the same name, and Ronit Goose, Head of Research for Global Banking and Assistant Head of Department. Fintech at Citibank, Namir Khan, founder of the Middle East and North Africa Fintech Association, Arjun Singh, founder of the Fintech start-up Cotechonomics, and Saqr Erekat, co-founder of Fintech. Crypto Oasis, which specializes in crypto-asset trading, Ramana Kumar, CEO of Magnati, which monitors startups, Albert Selene, co-founder of Enhanced Venture, which specializes in creating virtual investment markets for startups, and Madiha Sattar, Vice President Careem Pay, a digital payment solutions company, and Navin Baradwaj, CEO of Trecon Group, which organized the event.
Goals
It is expected that the “Dubai Fintech Summit” next May will set standards for financial innovation in the region, by bringing together under one roof representatives from all over the world in areas related to or intersect with “fintech” activities, led by relevant government officials, innovators, pioneers. Businesses, company owners, and a wide range of corporate CEOs, financial and technical directors, those responsible for digitization and business transformation, as well as, of course, investors in the “fintech” sector. The summit will present, on the 8th and 9th of May, the latest FinTech solutions, and will showcase its most recent products, in addition to specialized discussions in the sector, with the participation of international experts.
