Dubai - fintech accelerator opens applications for 2018
Monday, 05 21 2018, Category: Technology, Country: U.A.E
FinTech Hive at DIFC, a start-up accelerator in Dubai’s financial free zone the Dubai International Financial Centre, has invited applications for its 2018 programme starting May 20, it said on Saturday.
The programme was launched last year in partnership with Accenture, the New York-listed technology firm, and is one of the first fintech accelerators in the Middle East, Africa and South Asia region.
“As fintech continues to be a game-changer for the financial services industry, nurturing innovative talent is a fundamental priority because of the immense benefits it brings to the economy and society,” said Raja Al Mazrouei, FinTech Hive’s executive vice-president.
FinTech Hive runs a 12-week mentorship and networking programme under which partner financial institutions including the UAE’s Mashreq Bank and First Abu Dhabi Bank, will advise, collaborate and partner with fintech startups.
This year, the programme has expanded its scope to include insure-tech (insurance technology), reg-tech (regulatory technology) and Islamic finance start-ups following recent growth in these sectors. The programme seeks to bridge the gap between tech entrepreneurs and established financial industry corporates in line with the Dubai Plan 2021, which aims to increase the contribution of small to medium sized businesses to 45 per cent of the emirate’s GDP by 2021, from 40 per cent now.
Source: The National