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  • UAE Singapore Business Council

Introduction to the UAE: Opportunities for Fintech Companies, 20th June 2024

Updated: Jun 28



20 June: The UAE Singapore Business Council (UAESBC) in collaboration with the Singapore Fintech Association (SFA) held a fintech webinar entitled, "Introduction to the UAE Market". Supported by the UAE Embassy in Singapore, the webinar showcased the opportunities available in the UAE for Singapore fintech companies. Read on to find out more about our upcoming business mission to the UAE and register!


A total of 49 attendees from the fintech industry signed up for the webinar. The programme comprised presentations by free zones Dubai International Financial Centre (DIFC) and Abu Dhabi Global Markets (ADGM), a sneak peek into the exciting business mission to the UAE planned for September, and a panel discussion featuring Mr Prakash Somosundram, CEO & Co-Founder of Enjinstarter, and Mr Jackal Ma, Chairman of TrustDecision, moderated by Dr Brian Shegar, President of the UAESBC.


Mr Reuben Lim, CEO of SFA, gave an introductory remarks and shared what SFA can do for companies interested in fintech in Singapore. Opening remarks were graciosuly given by His Excellency Jamal Al Suwaidi, UAE Ambassador to Singapore and Patron of the UAESBC. This was followed by Dr Brian Shegar, President of UAESBC, who shared the council's objectives and activities with the attendees. The webinar was hosted by Ms Najat Alhabshi, Head of Secretariat of the UAESBC.


A detailed presentation was given by Mr Mohammad AlBlooshi, CEO of DIFC Innovation Hub, on the various services they provide for fintech companies. The DIFC Innovation Hub is home to the first and largest financial technology accelerator in the Middle East, Africa, and South Asia (MEASA) region, making it ideal for companies in FinTech, InsurTech, RegTech, or Islamic FinTech start-ups looking to capitalise on unlimited opportunities in front of the region's most established financial service organisations. 


The second presentation was by Mr Khalifa Al Yousef, Associate Vice President of Business Development and Head of Innovation at ADGM. ADGM operates across Al Maryah Island and Al Reem Island, an area of 14.38 million sqm, making it one of the largest financial districts in the world. ADGM hosts both financial and non-financial activities, including technology research and development and innovation licences. They also provide fintech start-ups with access to over USD$1.5 trillion of institutional capital. Additionally, they support the ADGM community in facilitating introductions to Abu Dhabi-based partners, such as ADIA, Mubadala, ADQ, and Abu Dhabi Investment Office.

The presentations and preview of the business mission were followed by a panel discussion between Mr Prakash Somosundram (Enjinstarter), Mr Jackal Ma (Chairman, TrustDecision) and Dr Brian Shegar (UAESBC). The panelists shared their experiences in establishing their businesses in the UAE.


The UAESBC would like to thank the UAE Embassy in Singapore for their continued support of our activities and looks forward to collaborating with SFA in bringing together a delegation of fintechs to the UAE later this year. See below to register!



Exciting News! The UAESBC and SFA are partnering up again to bring Singapore fintechs to the UAE to meet with key industry players.


Meet with ADGM, DIFC, Abu Dhabi Investment Office, the UAE's biggest banking institutions, Hub71, Virtual Assets Regulatory Authority (VARA), international fintech companies and more

 

Registration for our Fintech delegation HERE

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