The Dubai Financial Services Authority (DFSA) has announced a special platform which they have set up to ensure greater cybersecurity of financial firms within the city.

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, marks a significant milestone today having registered more than 100 FinTech firms in the Centre.

DIFC’s FinTech Hive revealed the launch of a new funding accelerator program for FinTech start-ups in the MEASA region.

Dubai has expressed its aspirations to become the next FinTech hub. The city has enjoyed decades of rapid growth - and has developed its infrastructure to become a key business center which has now firmly switched its focus towards the FinTech sector.

In line with the continuous growth and development of the Dubai International Financial Centre’s financial innovation ecosystem, the DIFC FinTech Hive, announced today the commencement of the 2019 edition of its accelerator programme.

UAE’s NextGenFDI campaign aims to bring more than 300 global technology firms as well as software developers, data scientists and coders to the country.