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Middle East and North Africa Fintech Community to Gather Tomorrow at Fintech Surge 2022

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  • Fintech architects, investor community, startups and leading innovators will come together tomorrow at Fintech Surge 2022 to reimagine the industry’s future in the UAE
  • Fintech Surge 2022 gathers global leaders from the fintech industry to accelerate its growth in the UAE

Dubai, United Arab Emirates–(Newsfile Corp. – October 9, 2022) – Fintech Surge 2022, the Middle East and North Africa region’s leading finance and innovation event, will open tomorrow at Dubai World Trade Centre from 10th-13th October 2022 (Monday-Thursday).

Fintech Surge 2022 will serve as the largest gathering for the Fintech investor community, Fintech architects, startups, over 600 powerful investors and leading innovators from disruptive Fintech businesses globally. The summit will anchor visionaries and leading innovators who will share insights on how to navigate through the constantly evolving fintech ecosystem.

The UAE has been at the forefront of financial innovation, and has witnessed a recent acceleration in the fintech sector. The country is currently home to 24 percent of all fintech organisations in the region, and accounts for 41 percent of MENA region’s $864 million startup funding in the first quarter of 2021.

Over four days, Fintech Surge 2022 will address global regulations, compliance issues and the role of Metaverse in fintech. The summit will host thought leaders from the public and private sector, including organizations such as Abu Dhabi Global Market (ADGM), London Stock Exchange Group (LSEG), Mashreq Bank, Mastercard, FintX by Emirates Post, EmiratesNBD, and Abu Dhabi Islamic Bank.

Fintech Surge 2022’s expert-led conference tracks will explore the sector’s most pressing issues and potentially lucrative opportunities. The summit will also witness startAD’s pitch day where ten startups of the CSA9 cohort will highlight their solutions and a winner will be announced.

Khalil Alami, Founder and CEO of Telr, said, “We are excited to be a part of Fintech Surge 2022 as a gold sponsor. Together, we can evolve and transform the fintech industry. The UAE is recognised as one of the world’s top ten Fintech hubs. It houses almost 50 percent of fintech companies in the Middle East, and we are happy to be part of its growth.”

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The COVID-19 pandemic dramatically changed consumer behavior and payment preferences over the last few years. Eighty-eight percent of consumers in the UAE have used at least one emerging payment method in the last year, with usage expected to increase further, according to Mastercard’s New Payments Index 2022. As the Headline Sponsor for Fintech Surge 2022, Mastercard will shine the spotlight on some of its innovative technologies and solutions. Global executives will share industry insights during panel discussions and fireside chats. Mastercard also intends to launch a report on the current state and growth potential of fintech sector in the region.

Ali Abulhasan, Co-Founder and CEO of Tap Payments, said, “While onboarding over 100,000 merchants, we have observed how the MENA region flourished into an ecosystem of early-stage startups and SMBs. This attributes to the government and local initiatives that accelerate development of startups. Our goal is to continue to support startups and innovation they bring to core markets, and to create an ecosystem that helps them scale easily. That is why we are keen to be a part of industry-leading events like Fintech Surge 2022 and competitive pitching activities like its Supernova challenge.”

Ahmed Mohamed Al Awadi, Managing Director and CEO of FINTX, the new fintech arm of Emirates Post, said, “FINTX will act as an incubator for fintech innovation. Through the newly established company, we aim to create a one-of-a-kind Fintech ecosystem and elevate the diversity and quality of the financial services provided by the existing companies we oversee, and new ventures we create. We intend to leverage our robust customer base and the extensive record of financial expertise spanning decades across our wide local and international network, to drive the success of the company.”

Fintech Surge 2022 serves as an integral part of GITEX Global 2022, the world’s biggest tech and startup event of the year which will feature over 5,000 tech and digital companies from 170 countries.

Additional quotes

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Kokila Alagh, founder of KARM Legal, says, “KARM is a homegrown UAE law firm, aiming to put the Emirates on the technology map. KARM’s vision is in alignment with that of His Highness Sheikh Mohammed bin Rashid Al Maktoum, which is to enhance Dubai’s position as a global hub for Web 3.0 and digital economy. Fintech Surge is a great initiative. We are excited to be part of Fintech Surge 2022, as it has given the world an overview into the evolution of blockchain and fintech space, while representing different jurisdictions.”

Vladimir Tatarinov, CEO, Armenotech Limited, said, “Fintech Surge 2022 will open a path to the Middle East market for us. It is where hundreds of large and medium-sized Fintech companies already exist, and more are planning their entry into the market.”

Renier Lemmens,CEO Geidea, adds, “The Fintech ecosystem and digital payments landscape in the UAE and GCC is transforming on an unprecedented scale. Geidea is committed to empowering merchants in the large and SME space. As part of Geidea’s expansion plans in MENA, we look forward to our participation at GITEX Global’s Fintech Surge 2022 as a Platinum Sponsor.”

-ENDS-

About Dubai World Trade Centre:

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With a vision to make Dubai the world’s leading destination for all major exhibitions, conferences and events, DWTC has evolved from being the regional forerunner of the fast-growing MICE industry into a multi-dimensional business catalyst, focusing on Venues, Events and Real Estate Management. Complementary to the primary service offerings are a range of value-added services from media/advertising, engineering and technical consultation and wedding planning, security services and an award-winning hospitality portfolio. To know more about the Dubai World Trade Centre, kindly visit their website.

For more information, please contact:

Loredana Matei

Founder, Jensen Matthews PR

[email protected]

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Official Media Contact

Steven Besse

Fintech Surge

[email protected]

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139979

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)

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blocks-&-headlines:-today-in-blockchain-(brics,-hungri-games,-nano-labs,-metahorse-unity)

 

Building Customer Trust in AI with Blockchain

Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.

Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.

Source: Harvard Business Review

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Blockchain at a Crossroads: Balancing Promise and Peril

As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.

The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.

Source: Cointelegraph


BRICS vs. USD: Blockchain’s Role in Economic Shifts

The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.

This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.

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Source: CoinGeek


Hungri Games Expands MetaHorse Unity to Base Blockchain

Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.

By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.

Source: CoinTrust


Nano Labs Purchases Trump Tokens to Celebrate Presidency

Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.

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The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.

Source: PRNewswire


Final Thoughts: Blockchain’s Expanding Horizons

This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.

While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.

 

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CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo

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OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara

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The World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More

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