Fintech Surge 2023, a gathering for the global fintech industry, is ready to host participants between 15 to 18 October at the iconic Dubai Harbour. Co-located with Expand North Star and the hub for global fintech stakeholders, the event will also host over 100 exhibitors.
Having witnessed significant transformation in recent years, the global fintech market is expected to grow to as much as $949billion by 2030, registering a CAGR of 17.2 per cent between 2022 and 2030. Driven by emerging digital technologies, changing consumer behaviours, lower regulations for financial services provided by non-banks and increased investments, start-ups are now challenging traditional banks and fintech innovation is accelerating at pace.
The UAE is home to around 24 per cent of all MENA’s fintechs, making the market increasingly attractive for visionaries and investors.
The launch of a $100.7million venture capital finance fund by His Highness Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, is also supporting start-ups in their global expansion, and the Emirate’s leading regulatory framework continues to evolve to match the industry’s evolution.
As a result of this growth, Fintech Surge 2023 – a GITEX Global production – will capitalise on the region’s pioneering status and infuse the spirit of Silicon Valley into the bourgeoning Middle East.
Trixie LohMirmand, executive vice president of the Dubai World Trade Centre, comments: “Fintech Surge is the epicentre of technological revolution. Gathering some of the industry’s brightest and most inventive minds, it is where multifaceted discussions evolve into actionable insights that investors and entrepreneurs can effectively leverage.
“It’s the destination that ignites strategic cross-border partnerships that will transform the fintech industry, and where we move beyond mere catchphrases and turn AI and big data into tangible actions.”
Fintech Surge will offer two conference tracks, hosting over 80 global leaders on stage to discuss the trends propelling the sector.
Empowering SMEs and connecting investors
Having witnessed a seismic shift, the fintech industry now faces multiple challenges including security breaches, compliance with varying global government regulations, user retention, as well as a lack of mobile and tech expertise.
The Digital Banking and Finance Summit will look to address these challenges, providing insights on how fintechs across the globe can capitalise on market growth.
Nosaibah Alrajhi, founder and CEO at Forus Invest, also added: “Improving SME’s access to finance and providing innovative solutions to navigate the complexities of the financial world is critical, and we are committed to revolutionising the way individuals and businesses manage their finances.
“Fintech Surge presents an excellent platform for us to engage with the sharpest minds in the industry and showcase how we are empowering SMEs and connecting investors, through easier access to business finance solutions and investments.”
Fintech Surge will also serve as a dynamic launch pad for global start-ups. As limited access to funding and digital financial literacy remain significant challenges for SMEs, a new ‘SME Elevate programme’ plans to offer strategic guidance, investment insights, partnership opportunities, and advice to navigate these.
Prominent speakers from leading organisations, including Swift, Klarna, Mastercard, Morgan Stanley, World Economic Forum, Standard Chartered Nexus and IFC (World Bank), will share their insight to navigate the rapidly evolving landscape. The agenda will cover global strategy and governance, digital trends influencing the future of retail, embedded finance and capitalising on global and regional investment funds, among other essential topics.