Dubai International Financial Center (DIFC), home to the region's largest and most advanced financial technology system, was named the 'Best Financial Technology Center' at the Phoenix Awards, which celebrates innovation and entrepreneurship in the Middle East and North Africa (MENA) financial technology system. Africa.
A statement issued yesterday said that the award reinforced the reputation of the Center as one of the best vital financial centers in the world, in recognition of its achievements as a global center of innovation and excellence in the five key areas of the financial technology system, which includes a regulatory and legislative stimulating prosperity, and a strong community Dynamically licensed financial technology institutions, accredited industry professionals, innovative startups, strong partnerships with financial technology authorities, access to capital and consulting.
Biman Al Awadhi, Senior Vice President and Spokesman of the DIFC Authority, said the award reinforces DIFC's position as one of the top 10 financial centers in the rankings.
He stressed the continued development of digital infrastructure, noting that this award reflects not only the achievements of the financial center in attracting a diverse community of highly innovative financial technology institutions, but also recognizes the strong legislative and regulatory environment set up to enable these institutions to thrive and grow in their business.