Mohammad Alblooshi, chief executive officer of the Innovation Hub affiliated with the Dubai International Financial Centre (DIFC), highlighted the significant contribution of the Hub to the continuous growth of the financial and technological sectors. He stated that the Hub provides a platform for approximately 900 specialized financial technology (fintech) companies. Alblooshi further underscored DIFC‘s role in fueling this growth by attracting companies in the fintech domain, which is supported by increased investments and innovation.
Read more: Dubai FinTech Summit kicks off, to discuss latest sector innovations, challenges
During an interview with the Emirates News Agency (WAM) at the Dubai FinTech Summit, Alblooshi underlined the pivotal role of cutting-edge technologies such as artificial intelligence in driving the expansion of the financial sector. He mentioned that the summit’s sessions focused on showcasing how these technologies serve as foundational elements for sectoral growth and innovation.
Alblooshi outlined the summit’s agenda, which aims to explore advancements in the fintech sector and delve into specialized areas such as digital payments, open banking, and digital assets. He also emphasized the role of venture capital in promoting innovation within this sector. Additionally, he noted that most companies in the fintech sector are startups that play a vital role in providing support, reducing costs, and educating others about venture capital to facilitate the expansion of businesses.
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