Dubai International Financial Centre (DIFC) has initiated the ninth iteration of the DIFC Innovation Hub- FinTech Accelerator Programme, with a particular focus on open banking, AI, automation, innovative payment solutions, hyper-personalisation, and customer experience to enhance financial literacy.
This year, a total of 20 startups will have the opportunity to participate. They will have access to leading banks and insurance companies in the region, along with valuable networking and mentorship prospects.
The FinTech Accelerator Programme will commence with an in-person bootcamp at the DIFC Innovation Hub, featuring workshops led by industry experts and thought leaders. These workshops will offer valuable insights into local laws and regulations, upcoming market trends, technology advancements, recruitment strategies, and funding opportunities.
The programme’s partners for this year include Abu Dhabi Islamic Bank, Abu Dhabi National Insurance Company, Emirates NBD, Emirates Post Group, HSBC, Mauritius Commercial Bank, Visa, and Zurich.
Mohammad AlBlooshi, CEO of the DIFC Innovation Hub, said: “We are excited to announce the ninth edition of the FinTech Accelerator Programme with the support of our partners representing the very best of financial institutions and drivers of innovation in the region. The FinTech Accelerator Programme is not just about promoting innovation, it is about boldly shaping the future of finance with tangible outcomes in collaboration with the start-up community in Dubai. We recognise the tremendous impact startups that are hungry for transformative change have on our financial ecosystem and the wider economy, and we look forward to welcoming the next cohort of entrepreneurs to the DIFC Innovation Hub.”
The DIFC Innovation Hub accommodates 686 innovative and technology firms, encompassing a diverse range from startups to unicorns. Additionally, DIFC boasts a total of 1,369 active entities engaged in financial and innovation-related activities.
The programme plays a pivotal role in empowering startups by assisting them in converting their ideas into market-ready products and services.
Up to this point, more than 3,000 entrepreneurs have taken part in the FinTech Accelerator Programme, and over 150 fintechs, regtechs, insurtechs, and Islamic finance startups have successfully completed the programme. These graduates have accomplished over 100 proof-of-concepts with prominent financial institutions in the region.
The FinTech Accelerator Programme warmly welcomes applications from fintech and innovation startups worldwide.
