DIFC partners with MENA FinTech Association to develop future of finance

UAE - Mubasher: Dubai International Financial Centre (DIFC) has inked an agreement with the MENA FinTech Association (MFTA), a non-profit and member-based organisation with 46 cross border FinTech bridges, to create an innovation forum and foster the future of finance.

Under the partnership, DIFC, the Dubai Financial Services Authority (DFSA), and MFTA have jointly founded the "DIFC Innovation Panel", a forum that enables founders and industry leaders to discuss how to develop the FinTech sector, according to a recent press release.

DIFC and MFTA will also publish joint research and offer important educational programmes on topics related to FinTech and the future of finance in the region, including open banking, RegTech, payments and digital assets, through the DIFC Academy.

The members of the DIFC Innovation Panel includes Ebury, Checkout, Sarwa, Ripple, Careem, Nuwa Capital, DAI, Cambridge Centre for Alternative Finance, and C4IR UAE.

The CEO of DIFC Authority, Arif Amiri, said: "Through our agreement with MFTA, we collaborate to create a roadmap for FinTech entrepreneurs by offering insights on the future of finance."

Meanwhile, the Chairman of MFTA, Nameer Khan, commented: "The collaboration also includes strategic projects with government bodies, regional regulators and IFC’s to further compliment their work in creating an enabling framework which today plays a key role in the economics of a country."

Mubasher Contribution Time: 05-May-2021 10:09 (GMT)
Mubasher Last Update Time: 05-May-2021 10:09 (GMT)