Fintech Surge is gearing up to host its latest edition, which will held at the Dubai Harbour from October 15th to 18th. Co-located with Expand North Star, this event is poised to host over 100 exhibitors from more than 25 countries, offering a unique platform for the fintech ecosystem to thrive and grow.
Having witnessed unprecedented transformation in recent years, the global fintech market is poised to reach an astonishing $949 billion by 2030, with a remarkable Compound Annual Growth Rate (CAGR) of 17.2 percent expected between 2022 and 2030. This growth is attributed to emerging digital technologies, evolving consumer behaviours, relaxed regulations for financial services by non-banks, and surging investments. Start-ups are stepping up to challenge traditional banks, and fintech innovation is accelerating at an unprecedented pace.
The UAE, already home to 24 percent of all MENA’s fintechs, is fast becoming a global epicentre for visionary fintech entrepreneurs. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has further fuelled this growth by launching a $100.7 million venture capital finance fund, which is empowering start-ups to expand globally. Moreover, the Emirate’s regulatory framework is continually evolving to match the rapid industry transformation. Fintech Surge 2023, a GITEX Global production, aims to leverage the UAE’s pioneering status and infuse the spirit of Silicon Valley into the burgeoning Middle East fintech landscape.
Trixie LohMirmand, Executive Vice President of Dubai World Trade Centre, said, “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.”
The event will feature two conference tracks with more than 80 global leaders discussing the trends propelling the fintech sector. In the face of a seismic shift in the industry, fintech companies are encountering challenges such as security breaches, compliance with varying global government regulations, user retention, and a need for mobile and tech expertise. The Digital Banking and Finance Summit, a part of Fintech Surge, will tackle these challenges head-on, providing insights on how fintech companies worldwide can capitalise on market growth and forge a prosperous future.
Distinguished speakers from leading organisations, including Swift, Klarna, Mastercard, Morgan Stanley, World Economic Forum, Standard Chartered Nexus, and IFC (World Bank), will share their unparalleled wisdom to navigate the rapidly evolving landscape. The agenda will encompass topics such as global strategy and governance, digital trends influencing the future of retail, embedded finance, and capitalising on global and regional investment funds, among other essential subjects.
Fintech Surge also serves as a dynamic launchpad for global start-ups. Recognising that limited access to funding and digital financial literacy are significant challenges for SMEs, the event introduces the brand-new SME Elevate program. This program will offer strategic guidance, investment insights, partnership opportunities, and advice to navigate these challenges. Global leaders will engage in discussions on trailblasing innovations driving SMEs, highlighting fintech’s transformative potential for small business financing, and offering strategies to navigate the rapidly evolving landscape.
Nosaibah Alrajhi, Founder and CEO at Forus Invest, expressed the critical importance of this initiative: “Improving SMEs’ 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.”
With over 1,000 investors expected to attend, Fintech Surge 2023 remains a leading platform for the global fintech ecosystem. Industry-leading organisations such as Mastercard, Emirates NBD, Geidea Technology LLC, FINTX, and Forus Invest are sponsoring the event’s 2023 edition.
As the fintech industry-defining platform for financial innovations, Fintech Surge 2023 is set to deliver insights, networking opportunities, and solutions that will shape the future of finance. To register interest in this groundbreaking event, visit Fintech Surge 2023’s official website.
