Dubai International Financial Centre (DIFC) has signed a memorandum of understanding (MoU) with Innovate Finance to cement cooperation and collaboration between the UK and Dubai FinTech ecosystems.

Arif Amiri, chief executive officer of DIFC Authority, and Natalie Ceeney, chair of Innovate Finance at the UAE Embassy in London, signed the MoU. The latest signing builds on the 10 global agreements that were agreed upon by the DIFC and FinTech Hive in 2018 with FinTech hubs in New York, London, Hong Kong, Kuala Lumpur, Singapore, Mumbai, Paris, Brussels, Holland and Bahrain.

Innovate Finance, an independent membership association that is at the heart of the UK’s FinTech ecosystem, and the DIFC’s FinTech Hive will explore concepts that will help startups in both locations, ranging from sharing knowledge, hosting learning initiatives for startups such as financial technology programmes in

The Academy at the DIFC and fostering relationships between their regulatory and financial communities.
“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,” Amiri said.