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During its participation at 24 Fintech, STC Bank will showcase its offerings and services Last year’s edition of ADFW hosted over 3,300 directors and executives from leading global financial firms The space is competitive and will breed significant innovation in the next few years Over 370 wealth and asset management firms, including more than 50 pure-play hedge funds, are now based in the Centre The UAE and India are among the fastest growing economies, with the UAE’s non-oil GDP growing by 6.2 percent in 2023 BNPL services are outpacing credit cards in the region The dialogue seeks to boost bilateral trade and economic diversification initiatives Kingdom accounts for 54 percent of the region's VC investments, a significant increase from its 38 percent share in 2023 Data showed that the average daily number of crypto traders in the region exceeded 500,000 in February The regulation will also help consolidate the financial sector's competitiveness and support the UAE's economic growth Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region Open banking and digital payments among technologies that drive transformation in the finance industry How Astra Tech’s Palm Pay is revolutionizing contactless payment Open Finance is beneficial for both fintechs and their customers In-store payments, self-service checkouts and eCommerce solutions to transform global payment sector Agreement to facilitate cross-border mobile payment and trade, empower Saudi businesses Mohammad Alblooshi, chief executive officer of the Innovation Hub, DIFC, underlined the role of technologies in driving the expansion of the financial sector The event aims to formulate investment strategies and policies, and promote investment and economic opportunities The MENA fintech landscape is booming with over 800 fintech startups worth $15.5 billion Sectors such as finance, property development and tourism continue to drive the UAE's non-oil economy Collaboration strengthens efforts to propel Arab world's digital economy forward It offers a secure and streamlined approach to the storage and management of digital assets The global volume of digital wallets is forecasted to reach $12 trillion annually by 2028 Power of fintech spurs technological progress, innovative customer-centric value propositions
