Dubai – Expansion of DIFC’s FinTech program
Monday, 04 23 2018, Category: Technology, Country: U.A.E
The Dubai International Financial Centre’s FinTech hive is expanding its accelerator programme for start-ups to include insurance, Islamic finance and regulatory technological services.
“As the UAE continues to move towards an innovation and knowledge-based economy, it is now more critical than ever that we support local and regional talent by giving them the tools and platforms they need to flourish,” said Raja Al Mazrouei, executive vice president of FinTech Hive at DIFC.
The financial centre, in partnership with the business management consultancy Accenture, last year launched its first accelerator programme which saw 11 FinTech companies out of over 200 applicants being accepted into DIFC's mentorship.
The programme gives FinTech companies with a proven track record advice and makes connections for them with financial services firms looking for technological solutions to bring about greater operational nimbleness. The hive also helps them find investors.
Source: The National