Dubai International Financial Centre reaffirms commitment to advancing FinTech ecosystem

• New partnership agreement signed with Tribe Accelerator, the first Singapore government supported Blockchain accelerator to collaborate on knowledge sharing and events 
• DIFC Authority and DIFC FinTech Hive built strong relationships during world’s largest financial technology event in Singapore to drive opportunities for the FinTech sector across  the Middle East and South Asia

Dubai, UAE, 26 February 2020: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has reaffirmed DIFC’s commitment to Asian FinTech partnerships and advancing the Centre’s FinTech ecosystem. 

DIFC has signed a Memorandum of Understanding (MOU) with Tribe Accelerator, the first Singapore government supported Blockchain accelerator, to collaborate on knowledge sharing and to partner during joint events. The agreement follows DIFC Authority and DIFC FinTech Hive’s recent participation during the Singapore FinTech Festival, the largest financial technology event in the world, boosting DIFC’s profile within the region and generating ongoing business development opportunities.

DIFC and Tribe Accelerator also partnered on the first Dubai edition of the Tribe Demo Day in December 2019 which showcased nine growth-stage companies with compelling use cases utilising blockchain technology, ranging from Series A - Post-IPO across verticals such as Media & Advertising, Data, FinTech, Healthcare, Supply Chain and Trade Finance, ranging from Series A and beyond.