|26 February, 2020

DIFC signs MoU with Singapore blockchain accelerator

The agreement follows DIFC Authority and DIFC FinTech Hive's recent participation during the Singapore FinTech Festival

Modern architecture Gate Tower, DIFC, Dubai. Image used for illustrative purpose.

Modern architecture Gate Tower, DIFC, Dubai. Image used for illustrative purpose.

Core Savills/Handout via Thomson Reuters Zawya

Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Tribe Accelerator, the first Singapore government supported Blockchain accelerator, for knowledge sharing and partnering during joint events.

The agreement follows DIFC Authority and DIFC FinTech Hive’s recent participation at Singapore FinTech Festival in November 2019, the largest financial technology event in the world.

DIFC and Tribe Accelerator also partnered on the first Dubai edition of the Tribe Demo Day in December 2019.

“Our MOU with Tribe Accelerator reinforces the robust and collaborative business relationship between Dubai and Singapore based firms, as well as DIFC’s strategic goal to drive the future of finance through an enabling business environment,” Arif Amiri, Chief Executive Officer, DIFC Authority said.

“Singapore FinTechs are proven pioneers within financial technology and dedicated to driving growth through strategic partnerships with like-minded institutions and entities to highlight the wealth of opportunities for FinTech organisations in the Middle East, Africa and South Asia region (MEASA),” Amiri added.

(Reporting by Gerard Aoun; editing by Seban Scaria)

(Gerard.Aoun@refinitiv.com )

#DIFC #DUBAI #SINGAPORE #FINTECH #BLOCKCHAIN #ACCELERATOR

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© ZAWYA 2020

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