Dubai’s International Financial Centre (DIFC) has announced the launch of its ninth fintech accelerator program, aimed at boosting financial literacy through the use of emerging technologies. As part of this edition of the accelerator program, DIFC will focus on areas such as open banking, artificial intelligence (AI), and automation to enhance financial knowledge among individuals.
The program will begin with an in-person bootcamp at DIFC Innovation Hub, designed to provide workshops led by industry experts. These workshops will offer insights into local regulations, upcoming market shifts, technology trends, recruitment strategies, and funding opportunities. With 20 startups expected to participate this year, each will gain access to leading banks and insurance companies in the region, along with networking opportunities with potential investors.
Mohammad Alblooshi, CEO of DIFC’s Innovation Hub, emphasized the importance of fostering innovation and shaping the future of finance in collaboration with the startup community. He expressed excitement about welcoming the new cohort of entrepreneurs to the DIFC Innovation Hub, recognizing the significant impact they have on the financial ecosystem and the wider economy.
Since its inception, the DIFC fintech accelerator program has attracted around 3,000 entrepreneurs. For this year’s program, key partners include renowned companies like Emirates NBD, Emirates Post Group, Abu Dhabi Islamic Bank, Abu Dhabi National Insurance Company, HSBC, Mauritius Commercial Bank, Visa, and Zurich.
Fintech startups interested in participating can apply to the accelerator program via the DIFC website. This initiative by DIFC reinforces its commitment to supporting innovative fintech ventures and scaling up their operations, all while advancing financial literacy in the region.
By focusing on areas like open banking, AI, and automation, the accelerator program aims to equip startups with the necessary tools and knowledge to revolutionize the financial industry. Through collaboration with leading financial institutions and the guidance of industry experts, the program strives to foster growth and encourage impactful solutions.
The launch of the ninth edition of the DIFC fintech accelerator program further solidifies Dubai’s position as a global financial hub. The program’s emphasis on financial literacy will empower individuals and businesses with a deeper understanding of finance, ultimately driving economic progress and innovation in the region.
With its commitment to supporting fintech startups and its focus on emerging technologies, the DIFC accelerator program is poised to create a positive impact in the financial landscape of the Middle East, Africa, and South Asia. By nurturing entrepreneurship and fostering innovation, Dubai continues to position itself as a pioneer in the financial technology space.
