Press Release
Dubai FinTech Summit concludes with over 8,000 visitors from 118 countries
- The 3rd edition of the Dubai FinTech Summit to be held on 7-8 May 2025, under the directives of His Highness Sheikh Maktoum.
- The 2nd edition of Dubai FinTech Summit attracted over 8,000 visitors from 118 countries around the world.
- Over 50 Memorandum of Understandings (MoUs) were signed during the Summit with global financial leaders.
- More than 20 top investment management firms with investments in 12,000 companies participated in the Summit.
- Nik Storonsky, Founder and CEO of Revolut inked expansion plans in the MEASA region, marking a significant step towards fostering financial inclusion through cutting-edge technology.
- State Street Global Advisors’ President and Chief Executive Officer, Yie-Hsin Hung confirmed the reopening of its Dubai offices.
- Dyna.Ai, the Singapore headquartered firm launched operations across Asia, the Middle East, Africa, Europe, North America and Latin America, with offices planned in the UAE, Saudi Arabia, and Nigeria.
Dubai, UAE, 13th May 2024, ZEX PR WIRE, The 2nd edition of Dubai FinTech Summit (DFS) organised by Dubai International Financial Centre (DIFC), under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC, concluded with resounding success. The 3rd edition of the Dubai FinTech Summit will be held on 7-8 May 2025, also under the directives of His Highness Sheikh Maktoum.
From government officials and policy makers to start-up founders, the two-day Summit, held at Madinat Jumeirah, brought together an unprecedented gathering of more than 8,000 decision-makers from 118 countries around the world. These included over 300 thought leaders participating in 125 discussions across five stages and over 200 exhibitors showcasing cutting-edge technologies. Over 20 government dignitaries were also in attendance, including the Mayor of Seoul, Central Bank Governors, and Deputy Governors.
His Excellency, Essa Kazim, Governor of DIFC, commented: “The Dubai FinTech Summit is not just a gathering, it is a platform for transformative discussions and collective action. The Dubai FinTech Summit stands as a beacon of impact, progress, and collaboration, creating unprecedented opportunities for growth and innovation. Dubai is at the forefront of shaping the future of finance and will continue to strengthen its position as a leading global hub for FinTech firms.”
Arif Amiri, Chief Executive Officer at DIFC Authority, opened day two of the Summit, followed by two fireside chats with His Excellency Helal Saeed Al Marri, Director General, Department of Economy and Tourism, and Yie-Hsin Hung, President and Chief Executive Officer at State Street Global Advisors.
During his opening remarks, Arif Amiri, Chief Executive Officer at DIFC Authority, said: “Today, we are experiencing an extraordinary period of technological transformation where FinTech defines how we transact, how we save, and how we manage our financial lives. FinTech is also defining how traditional financial services companies operate. In recent years, we have seen FinTech revenues grow globally six-fold. We have also seen growing mainstream acceptance of cryptocurrencies, which is allowing for its market capitalisation to exceed USD 3trn. This year, FinTech is again expected to garner and secure an additional 5 per cent of global financial service revenues. In the next two years, digital payments are expected to increase over 10trn dollars, and by 2030, north of 25 per cent of banking valuations are expected to be driven by FinTech.
Dubai FinTech Summit offers a unique platform to explore the opportunities ahead of us, which is why, at DIFC, our strategy is firmly focused on being at the heart of this FinTech revolution. During our 20 years of operations, we have always embraced innovation. It is part of our X factor. We do not simply talk about it but engage with it; with the talent, with the investors and the regulators to execute it. Our visionary leadership has always enabled Dubai and DIFC to take a leading role in driving the future of finance and innovation. For this reason, we have built the region’s most comprehensive proposition that enables our clients to do and achieve great things in a place that integrates FinTech firmly into its DNA. In a place that attracts talented entrepreneurs, encourages collaboration, and provides global connectivity: a gateway between the east and the west, and a true nexus point for the global markets.”
Over 50 international associations participated in the Summit this year, including Africa FinTech Network, Business France, FinTech Philippines Association, European Blockchain Association, Global FinTech Alliance (GFA), Hong Kong FinTech Industry Association, International Digital Economy Association, Invest Seoul, Luxembourg Institute of Financial Technology (LHOFT), Swiss Finance & Technology Association and Women in Web3 Association, among others.
This year’s Summit saw the participation of over 1,000 investors, including more than 10 top executives from some of the world’s biggest banks, managing over USD 7trn in assets under management (AUM). In addition, over 40 FinTech and blockchain unicorns, with a combined market capitalisation of over USD 400bn were also present.
During the two days, over 30 side events were hosted by local, regional, and international partners of the Summit. Panels on the second day included a deep dive into some of the most pressing topics within the financial technology landscape, ranging from High Interest Rates and Macroeconomic Volatility, Institutional Adoption and Regulatory Clarity – Crypto’s Path Forward, and D33 – A Decade of Economic Transformation, among others.
Dubai FinTech Summit also witnessed the signing of more than 50 Memorandum of Understandings (MoUs) with global financial leaders, as well as several key announcements from attending businesses.
Nik Storonsky, Founder and CEO of Revolut announced expansion plans in the MEASA region, marking a significant step towards fostering financial inclusion through cutting-edge technology. Revolut is a global neobank and financial technology company with headquarters in the UK that offers banking services for retail customers and businesses.
Recognising the potential of operating in the region’s largest financial ecosystem, State Street Global Advisors’ CEO, Yie-Hsin Hung, also announced that the firm is making a welcome return to DIFC. Based on the region’s expanding opportunities, coupled with DIFC’s 20-year track record as a leading hub for finance and growth, DIFC has continued to draw in an extensive list of banks, advisors, high-net-worth individuals, family offices, and sovereign wealth funds seeking exposure to the region’s fast-growth markets within a future-forward regulated environment.
Dyna.Ai, the Singapore-headquartered firm announced the launch of its operations across Asia, the Middle East, Africa, Europe, North America and Latin America, aiming to transform businesses with AI. The company offers a suite of solutions for digital banking, risk management, audience communication, and employee productivity to address current financial challenges. In the MEA region, offices will be opened in the UAE, Saudi Arabia, and Nigeria. Dyna Athena, a newly launched AI platform, will provide revolutionary communication and interaction between customers, which will include features such as text-to-speech, language and speech processing. Dyna Avatar, a brand-new humanoid customer assistant, capable of real-time voice-activated conversations in Arabic, English, Chinese, Japanese and Thai, was also launched at the Summit.
Among several notable presentations, Crypto Oasis provided an insightful update on the UAE’s dynamic and ever-evolving blockchain ecosystem. According to the presentation, active companies have surged by 13 per cent year-on-year, reaching 2,040 organisations, with a healthy mix of 71 per cent native and 29 per cent non-native blockchain companies contributing to the ecosystem. There has also been a marked increase in the industry workforce, with over 10,600 individuals working in the blockchain space. One of the key factors driving the crypto industry has been an increase in regulatory clarity, which has helped to attract global brands such as Bybit, Crypto.com, and OKX, which each received Virtual Asset Service Provider (VASP) licenses from VARA.
In line with the Dubai Economic Agenda (D33) to position Dubai as the top four global financial hubs by 2033, DFS is designed to encourage cross-border collaboration and innovation, central to transforming the global FinTech sector. The Summit presented a unique opportunity for attendees to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.
The 2nd edition of the Dubai FinTech Summit was supported by over 150 global corporate partners. Visa as Founding Partner & Co-Host; Emirates NBD as Premium Banking Partner; e& life as Powered By sponsor; Commercial Bank of Dubai (CBD) as Strategic Banking Partner; Finvasia as Lead Sponsor; SC Ventures as Strategic Venture Partner; Dynatech AI as Powered By sponsor; and Mashreq as Diamond Sponsor, among others.
About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 2nd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,500+ investors and policy makers, signalling increased appetite for growth opportunities in the region.
Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 billion from 2022 to 2030. The Summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.
The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, embedded and Open Finance, climate finance, Web3 and digital assets. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.
Visit www.dubaiFinTechsummit.com
#Difc #DifcInnovationHub #DFS2024 #FinTech
For further enquiries, please contact:
Samia Ahmad
Assistant Manager, Marketing at DIFC Innovation Hub
E: samia.ahmad@difc.com
Phone: +971 4 362 2657
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
CoinsDo brings its state-of-the-art non-custodial digital asset custody solution to the US for the first time
Singapore, 24th October 2024, ZEX PR WIRE, CoinsDo, a leading provider of non-custodial digital asset custody solutions, is excited to announce its participation in Money20/20, taking place from October 27-30, 2024, in Las Vegas.
This year’s theme, “Humans and Machines Creating a New World”, perfectly aligns with CoinsDo’s vision for digital asset security. As businesses and consumers increasingly interact with digital assets, the collaboration between human expertise and advanced technology is unlocking new opportunities for efficiency and security across the financial landscape. CoinsDo’s participation at Money20/20 is a commitment to leading this change by providing secure, scalable non-custodial digital asset custody solutions in this rapidly evolving ecosystem.
Weh Ming, Business Development Manager at CoinsDo, expressed the importance of the event: “Money20/20’s focus on the interplay between humans and machines mirrors what we offer at Coinsdo, where we’re empowering businesses with cutting-edge, non-custodial solutions that integrate human oversight with advanced technology to protect digital assets in a world where traditional and digital finance converge. The future of finance will be defined by collaboration, and Money20/20 is the perfect venue to showcase how we are shaping that future.”
CoinsDo will highlight its state-of-the-art non-custodial digital asset custody solution, a timely response to the rising wave of cyberattacks predicted to cost businesses US$9.5 trillion globally. Designed for businesses managing large volumes of digital assets, the company’s solution offers seamless and secure processes for the deposit, withdrawal, and management of digital assets without the need for third-party custodianship, ensuring unparalleled control and security.
Attendees are invited to visit CoinsDo at booth 2711 to learn more about how CoinsDo’s solutions can future-proof their digital asset security strategies. The CoinsDo team will be on hand to offer personalized consultations and demonstrate how their platform integrates the latest technological advancements to help crypto businesses safeguard and manage their assets.
Useful Links:
Website: https://coinsdo.com
X (Twitter): https://x.com/CoinsDogroup
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
GEIOS Technologies Wins 600 MW PPA, Driving Clean Energy Expansion Across Southeast Asia
GEIOS Technologies has secured a 25-year Power Purchase Agreement (PPA) with Electricite du Laos (EDL) for a 600 MW geothermal energy project in Champassak, Lao PDR. This partnership marks the largest geothermal project in Southeast Asia and positions GEIOS as a key player in the region’s clean energy transition. The project will be rolled out in phases, with 150 MW expected to be operational by 2026 and the remaining capacity online by 2028.The PPA ensures a continuous supply of carbon-free geothermal energy, supporting the energy needs of Southeast Asia and providing power to Singapore’s growing data center industry. Initial drilling in the Champassak area revealed favorable geological conditions, reducing costs and drilling times, showcasing the efficiency of GEIOS’s proprietary Enhanced Quantum Geothermal (EQG) technology.GEIOS’s EQG technology integrates quantum physics, nanotechnology, and AI for optimal energy production, reducing the surface footprint while improving scalability and cost-efficiency. This project aligns with Lao PDR’s efforts to diversify its energy mix beyond hydropower and strengthen its export capabilities to neighboring countries.
MIAMI, FL, 24th Oct 2024 – GEIOS Technologies, a pioneer in enhanced nanotech geothermal energy, announces it has secured a 25-year Power Purchase Agreement (PPA) with Electricite du Laos (EDL) for a massive 600 MW geothermal project in Champassak, Lao PDR. This agreement, the largest of its kind in Southeast Asia, positions GEIOS at the forefront of the region’s clean energy revolution.
Following a competitive evaluation, GEIOS was selected by EDL and the Lao Ministry of Energy and Mines to deliver reliable, renewable geothermal power, addressing the surging energy demands across Southeast Asia. The project will be implemented in phases, with an ambitious timeline of 150 MW operational by the end of 2026 and the next phase capacity coming online by 2028.
This PPA comes as Southeast Asian nations, particularly Lao PDR, seek to diversify their energy mix and reduce reliance on hydropower for exports to neighboring countries, including Malaysia, Singapore, Thailand, Cambodia, China, and Vietnam. The 25-year agreement guarantees a continuous supply of 24/7 carbon-free geothermal energy, providing a stable and cost-effective power solution crucial for Singapore’s growing data center industry and overall economic development.
Mr. Vangsakoun Yingyong, CEO of EDL, stated, “This partnership with GEIOS represents a pivotal moment in Laos’ energy strategy. Their EQG technology offers the stable, clean power we need to meet our domestic needs and export commitments. This project will significantly enhance our ability to provide reliable energy to Singapore and other neighboring countries.”
Initial drilling by the government in Champassak has yielded exceptional results, with significantly faster drilling times and lower costs due to favorable geological conditions. These outcomes underscore the scalability and efficiency of GEIOS’s proprietary Enhanced Quantum Geothermal (EQG) technology.
Shad AM SERROUNE, CEO of GEIOS Technologies, added, “This agreement with EDL is a testament to the scalability and reliability of our EQG technology. We’re not just providing energy; we’re driving a clean energy revolution that will reshape the future of power generation in Southeast Asia and globally.”
GEIOS’s EQG technology uniquely combines quantum physics, nanotechnology, and metamaterials with advanced AI and real-time geochemistry analysis. This innovative approach delivers highly efficient, scalable, and reliable renewable energy systems, optimizing both energy production and reservoir management.
The technology employs a revolutionary multi-stage subsurface design that concentrates the majority of operations underground. This approach significantly reduces the above-ground footprint to mere meters, allowing for optimal energy extraction while minimizing environmental disruption. This feature not only enhances the project’s efficiency but also leads to reduced costs and substantial savings.
About GEIOS Technologies: Founded in 2019, GEIOS Technologies is committed to accelerating the global transition to sustainable energy through innovative geothermal solutions. By leveraging cutting-edge nanotechnology and metamaterials, GEIOS delivers highly efficient, scalable, and reliable renewable energy systems, supporting clients worldwide in their pursuit of clean, responsible power generation.
About EDL: Electricite du Laos (EDL) is the national utility of Laos, responsible for power generation, transmission, and distribution. A leader in energy export, EDL supplies power to Thailand, Cambodia, China, and Vietnam. With this new geothermal project, EDL strengthens its position as a key player in Southeast Asia’s evolving energy landscape.
For more information about this groundbreaking project and GEIOS’s future plans, please contact:
Investor Relations: invest@geios.energy
Media Contact: media@geios.energy
Media Relations: Lee Hyung Soon
Media Contact
Organization: GEIOS TECHNOLOGIES
Contact Person: Sandra Lebiewicz
Website: https://www.geios.net
Email: media@geios.energy
Contact Number: +12396036828
Address: 3401 N. MIAMI, AVE. STE 230
Address 2: Building B34-2nd Floor
City: MIAMI
State: FLORIDA
Country: United States
Release Id: 24102418915
The post GEIOS Technologies Wins 600 MW PPA, Driving Clean Energy Expansion Across Southeast Asia appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
New World Asset Management Ltd NWAM and AlgoDynamix reach a comprehensive strategic cooperation Leading the new era of intelligent risk management
In the ever-changing global financial market, investors have an increasing demand for accurate market insights and intelligent risk management. Market volatility, emergencies and global economic uncertainty have brought unprecedented challenges to investors. However, in the face of these changes, New World Asset Management (NWAM) and AlgoDynamix have joined forces to provide global investors with forward-looking market risk management solutions to help them remain invincible in market fluctuations.
United States, 24th Oct 2024 – In the ever-changing global financial market, investors have an increasing demand for accurate market insights and intelligent risk management. Market volatility, emergencies and global economic uncertainty have brought unprecedented challenges to investors. However, in the face of these changes, New World Asset Management (NWAM) and AlgoDynamix have joined forces to provide global investors with forward-looking market risk management solutions to help them remain invincible in market fluctuations.
As a leading global risk analysis company, AlgoDynamix relies on its unique AI and big data analysis technology to focus on predicting market volatility and risk management. The market volatility prediction tools provided by AlgoDynamix have been widely used in many financial institutions around the world, helping investors to make plans before market fluctuations. Its innovative risk prediction system allows investors to adjust their strategies in time when the market fluctuates violently to avoid potential losses. In November 2023 , NWAM and AlgoDynamix officially launched strategic cooperation negotiations. The two parties quickly determined the cooperation framework and decided to integrate AlgoDynamix’s market risk prediction model with NWAM’s AI quantitative trading platform. This integration will not only greatly enhance NWAM’s market analysis capabilities, but also provide its users with intelligent market volatility early warning functions.
In early 2024, the two parties successfully completed the integration of market data and risk prediction tools, and officially released the AI-driven market volatility early warning system on the NWAM platform. The system can monitor market dynamics in real time, capture potential risk signals, and provide users with instant risk warnings. With this technology, NWAM users can quickly respond to market changes and adjust investment strategies to achieve more stable wealth growth. One of the important results of this cooperation is the launch of an intelligent risk management system. Through this system, NWAM users can not only obtain accurate market volatility forecasts, but also use intelligent tools for personalized risk management. Whether it is large institutional investors or individual investors, the NWAM platform will help them make smarter decisions amid market uncertainty. Commenting on the partnership, NWAM CEO said: “We have always believed that the future of financial markets belongs to those companies that can fully leverage smart technology. AlgoDynamix’s technology fits seamlessly with our AI quantitative trading platform, providing our users with powerful risk management tools. This partnership marks a key step forward in our journey towards smart investment management.”
The founder of AlgoDynamix is also looking forward to the cooperation: “NWAM’s leading technology in digital asset management and AI trading perfectly complements our expertise in predicting market volatility. We firmly believe that through this cooperation, global investors will be able to better protect their assets during market turmoil and achieve steady wealth appreciation.” This cooperation not only promotes the advancement of intelligent risk management technology, but also opens a new chapter in safer and more reliable wealth management for global investors. Through its cooperation with AlgoDynamix, NWAM will significantly enhance its capabilities in market analysis and risk management. The AI-driven market fluctuation early warning system and intelligent risk management functions not only improve the platform’s market response capabilities, but also bring more security to investors. In an increasingly complex global market, improving risk management capabilities is undoubtedly an important cornerstone for investors to make steady profits.
Media Contact
Organization: New World Asset Management Ltd
Contact Person: Don Adam Perera
Website: https://newworldeco.com
Email: Send Email
Country: United States
Release Id: 24102418963
The post New World Asset Management Ltd NWAM and AlgoDynamix reach a comprehensive strategic cooperation Leading the new era of intelligent risk management appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
CoinsDo Announces Participation in Money20/20 Las Vegas
GEIOS Technologies Wins 600 MW PPA, Driving Clean Energy Expansion Across Southeast Asia
Eagle Crest Asset Management and Its AI Ambitions A Global Expansion
Fragasso Financial Advisors Publishes New Blog Post with Evergreen Tax Planning Tips
Absolutely Princess: A New Children’s Classic by Mayra L Santana Warms Hearts Post Launch
Unusual Machines CEO Discusses Growth and Strategic Plans Post-IPO
-
Press Release1 week ago
Indie Fest Carolina to Feature Dancehall/Reggae Sensation Remedy Live in Charlotte
-
Press Release1 week ago
How DLDCUSDT propels the EV industry forward
-
Press Release1 week ago
Growork: The groundbreaking SaaS platform set to revolutionise business connections in the UAE
-
Press Release1 week ago
SafetyXpress Launches Innovative U-Shaped Bollards for Maximum Protection in Commercial and Industrial Spaces
-
Press Release6 days ago
ZainTECH and Urbi Forge Strategic Partnership to Drive Geospatial Innovation across the MENA Region
-
Press Release1 week ago
The Sad Hamster meme coin HAMMY is Gaining Attention as a Potential Community-driven Success Story
-
Press Release1 week ago
PetsMega.com Launches Online Store to Offer Pet Owners a New, Fun, and Affordable Way to Care for Their Pets
-
Press Release6 days ago
Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide