FinTech Hive at DIFC
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The DIFC Accelerator

 

Established in 2004, the Dubai International Financial Centre (DIFC) has grown to become a leading financial hub for the Middle East, Africa and South Asia (MEASA) region. Positioned between the global financial centres of New York, London, Singapore and Hong Kong, and home to over 21,000 individuals from over 1,500 financial and professional services companies, the Centre provides access to top firms looking to access the high-growth MEASA markets.

Reflecting the energetic and entrepreneurial environment of Dubai, FinTech Hive at DIFC links global innovation across three other FinTech hubs, in New York, London and Hong Kong.

Custom built, linking cutting edge and innovative financial services technology to the MEASA markets, the accelerator - FinTech Hive provides an ideal launchpad to access and serve the region.

 

"DIFC, home to over 21,000 individuals from over 1,500 financial and professional services companies"

Why FinTech Hive at DIFC?

Industry progression requires significant co-operation between traditional players and FinTech firms, along with the ability to anticipate changes and adapt the working model of the industry. FinTech Hive at DIFC differs from other accelerators across the globe, as both FinTech and financial institutions are housed under one roof. Major banks and financial institutions from across the globe have set up in DIFC to undertake business in the region. We believe that innovation would be driven when talent from inside and outside the ecosystem work in harmony to create the ideal product. This self-contained environment is an ideal nurturing ground for creating and developing an exceptional FinTech hub that meets the needs of the financial services industry, stakeholders and customers alike.

How does the FinTech Hive at DIFC differ from other FinTech accelerators or labs?

FinTech Hive at DIFC is based on three central pillars; Ground Up Development, Global Connectivity and Ecosystem Development.

Ground Up Development

Customised and focused technology solutions are paramount to driving success and overcoming obstacles. Deal flow and data spanning over the past decade has been captured and analysed, allowing for the continued success and implementation of strategic measures to be put in place, and to showcase the far-reaching needs of both global and local financial services players.

Global Connectivity

An international community drives innovation and collaboration, DIFC has brought in a tried and tested global concept to complete this link. The accelerator allows experience on a global scale to find the right niche in which to work and excel through solution-led financial technology.

Ecosystem Development

Continued reflection and learning has allowed for an unparalleled ecosystem to be created and enhanced throughout the course of its development, catering to all parts of the value chain. The ecosystem of Capital, Talent and Infrastructure is already in place, complementing top-end deal flow and a rapidly growing risk capital culture to drive FinTech innovation for the MEASA region.

DIFC

About Dubai International Financial Centre

The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia, providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas. It also facilitates the growth in South-South trade and investment. An onshore, international financial centre, DIFC provides a stable, mature and secure base for financial institutions to develop their wholesale businesses.

The Centre offers all the elements found in the world’s most successful financial industry ecosystems, including an independent regulator, an independent judicial system with a common-law framework, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community. The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.

Located midway between the global financial centres of New York, London in the West and Singapore, Hong Kong in the East, DIFC (GMT +4) fills a vital time-zone gap with a workday that bridges the market and business hours of financial centres in both Asia and North America.

In 2015, DIFC launched its 2024 growth strategy, a blueprint for the next decade of growth of the financial hub. This strategy aims to stimulate trade and investment flows along the South-South economic corridor encompassing Africa, Southern Asia and Latin America.

Currently, 1,539 active registered companies operate from the Centre, with a combined workforce of 21,076 professionals. DIFC continues to pursue expansion into new services and sectors within the Middle East, Africa and South Asia region, an area comprising over 72 countries with an approximate population of 3 billion and nominal GDP of US$7.8 trillion.

For further information, please visit our website: www.difc.ae, or follow us on Twitter @DIFC.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions—underpinned by the world’s largest delivery network—Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com

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