FinTech deal launched between Tel Aviv and Dubai

2020-11-29 05:04:49

(MENAFN) A contract to strengthen collaboration in financial technology (FinTech) was submitted by Dubai and Israel.

The agreement was reached with Israel's FinTech-Aviv by DIFC FinTech Hive, the largest financial Technology hub in the Middle East, Africa and South Asia region (MEASA) and part of the Dubai International Financial Centre (DIFC).

Established in 2014, FinTech Aviv satisfies the interests of the Israeli Financial industry and has an enrollment of further than 6,000 start-ups and 300 research and development hubs.

For the UAE and Israel, the deal is truly revolutionary and aims to encourage DIFC's position as being among the top 10 FinTech hubs in the world, a remark said.

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