UAE - DIFC to woo Chinese fintech firms
Tuesday, 07 28 2020, Category: Technology, Country: U.A.E
The Dubai International Financial Centre (DIFC) has signed a deal with Chinese fintech and entrepreneurship platform Jiaozi Fintech Dreamworks to strengthen the emirate's role in the Belt and Road initiative, as well as attract more financial technology firms from China.
"The DIFC is particularly looking forward to collaborating with Jiaozi Fintech Dreamworks on key sectors such as blockchain, artificial intelligence, big data and cloud computing," said Arif Amiri, chief executive officer of the DIFC Authority.
The Middle East's largest financial centre, the DIFC has added a number of notable new fintech firms in the first-half of 2020 including Tata Asset Management, Samba Financial Group, Gazprombank, Funding Souq, Brookfield Private Capital (upgrade) and Decimal Factor Middle East, whilst new fintechs include Ripple and KoFax Me.
Source: Khaleej Times