Today, the Dubai Financial Services Authority (DFSA) launched a portal dedicated to providing general information, news, and developments on Financial Technology (FinTech).
The portal is easily accessible and pleasing to the eye with its minimalist design. The details are provided in a short and clear manner, and the regulations are also laid out. In addition to up-to-date information about the DFSA’s regulatory approach — from the launch of their Crowdfunding Regime to their Innovation Testing License and potential ways of engaging with regulators — it also shows news on other Fintech and innovation-related activities in the UAE.
This is in line with DIFC’s efforts to strategically position itself as the regional centre for FinTech innovations. Prior to launching this website, it announced a $100 million fund to invest in FinTech start-ups, and just recently concluded the inaugural cycle of Investor Day — the highlight of which was composed of eleven start-ups presenting their products to an audience of investors and industry experts.
There will definitely be more to come this 2018, as DIFC pledges to triple its support in the FinTech industry and work on the introduction of two new accelerator programmes dedicated to Insurance Technology (InsurTech) and Regulation Technology (RegTech).