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Top News In துபாய் சர்வதேச நிதி மையம் ஃபிண்டெக் ஹைவ் Today - Breaking & Trending Today

UAE: Community platform nurtures next-generation female leaders


UAE: Community platform nurtures next-generation female leaders
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One of the projects Finllect, a financial literacy mobile app, is now being incubated at the Dubai International Financial Centre’s Fintech Hive.
Promise of a Generation, a non-profit community platform, through its e7 ‘Daughters of the Emirates’ programme is driving women empowerment and talent development in the country.
The annual leadership programme which was co-founded by Puerto Rican expat Adela Acevedo Sarna in 2015, has benefited 175 women through its social impact projects and workshops.
One of the projects Finllect, a financial literacy mobile app, is now being incubated at the Dubai International Financial Centre’s Fintech Hive. ....

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Startupbootcamp FinTech Dubai successfully concludes third cycle by accelerating 11 start-ups | Dubai International Financial Centre (DIFC)


Entrepreneurs and founders participated in the intensive three-month FinTech programme, culminating in livestreamed Demo Day
Start-ups pitched new ideas which will transform the financial landscape to the region s top investors, unicorns, mentors and VCs
Dubai, 23 February 2021 – The third cycle of
Startupbootcamp FinTech Dubai’s industry focused accelerator programme has successfully concluded during the annual Demo Day, with 11 start-ups pitching ideas to investors, VCs, unicorns, corporate partners and mentors.
Startupbootcamp FinTech Dubai was launched in 2018 in partnership with Dubai International Financial Centre’s FinTech Hive (DIFC), VISA, Mashreq bank [and HSBC], and to date has successfully graduated more than 30 FinTech start-ups in the fields of payments, lending and Islamic digital banking across three cohorts. ....

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Budget 2021 - Breaking down the benefits of a fintech hub


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Presenting the Union Budget 2021 on February 1, Finance Minister Nirmala Sitharaman said: “The government will support the development of a world-class fintech hub at GIFT IFSC.”
This year’s Union Budget is visionary for a multitude of reasons, but the above statement by the finance minister possibly stood out the most for fintech startups and enthusiasts.
As per
Invest India, the global average rate of fintech adoption rests at 64 percent, while that for India soars high at 87 percent.
A step in the right direction
The government’s plan to support a fintech hub at GIFT IFSC (often referred as the GIFT city) holds potential for two key reasons. Firstly, the idea of creating a fintech hub in addition to the existing infrastructure at GIFT IFSC; combined with a host of tax benefits for Indian startups as well as foreign funds (investing in India) makes a strong proposition for prospective startups to set camp in the city. ....

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