DIFC has signed a Memorandum of Understanding with UK-based non-profit group Innovate Finance.
It’s hoped that this will cement the collaboration between the UK and Dubai FinTech ecosystems, encouraging new start-ups, knowledge sharing and learning initiatives.
This builds on the 10 global agreements signed by DIFC with FinTech hubs in the likes of New York, Hong Kong and Kuala Lumpur.
"We are pleased to start 2019 by entering into a partnership with Innovate Finance which will help keep the UK and Dubai at the forefront of Financial Innovation. During the year, FinTech Hive at DIFC will work with Innovate Finance and other global partners to strengthen our FinTech ecosystems for the benefit of start-ups who will be able to maximise the market opportunities in both locations," said Arif Amiri, Chief Executive Officer of DIFC Authority.