"Stink" In the UAE .. a flexible organizational environment that enhances exceptional growth

Abu Dhabi, May 17 / WAM / The UAE continues to consolidate its position as a pioneering regional and global center in the field of financial technology, “Al -Fintak”, driven by a flexible and elastic and innovative organizational vision.
The sector has witnessed an accelerated growth in recent years thanks to the supportive government initiatives and the development of the legislative environment, in addition to increasing investments and activity of startups operating in this vital field.
The indicators issued by prominent international institutions show the growing global confidence in the UAE market, and its pivotal role in leading the digital transformation in the financial sector at the region level.
The UAE has taken proactive measures in the field of financial technology, as Abu Dhabi and Dubai have put clear regulatory frameworks through bodies such as the Dubai Asset Regulatory Authority, Dubai Financial Services Authority at the Dubai International Financial Center, and the authority to organize financial services in Abu Dhabi Global ADGM.
Government initiatives, such as “Ventec Hayef” at the Dubai International Financial Center and the Financial Technology Regulatory Laboratory in the Abu Dhabi Global Market, is extremely important to expand this sector.
A report by “Mordour Intelins” Research expected that the financial technology market in the UAE will achieve an annual growth of 12.56% between 2025 and 2030, to increase from 3.56 billion dollars to 6.43 billion dollars.
Lucas Ray, the authorized director and partner and head of the Middle East Middle East Practices Department of the Global Boston Consulting Company, pointed out the volume of strategic progress achieved by the UAE in the field of digital payments, which is expected to go towards achieving revenues of 27.3 billion US dollars by 2028, with an annual growth rate of 7.8%, and a noticeable increase of 78% in the volume of transactions to reach To 3.1 billion, which is an exceptional performance compared to the expected global rate of 5%.
He stressed that accelerated growth contributed to enhancing the entrepreneurial position of the UAE in the field of digital innovation, thanks to the government’s directives, the increasing expansion of the adoption of financial technology solutions, and the strategic shift from traditional monetary solutions to digital platforms.
For his part, Mohamed Fayrouz, Head of the Middle East Operations at SC Venensors, the innovative arm of Standard Charterd, stressed that the UAE has become a leading center for financial technology in the region, thanks to its advanced organizational environment, advanced infrastructure, and institutional support that enhances its attractiveness to investments.
He said: “SC” has succeeded during the past 12 months in establishing seven startups specializing in financial technology in the Emirates, which led to the creation of more than 150 qualitative jobs in this vital sector, explaining that this step reflects the great confidence in the work system within the country, especially at the level of governance, data protection and the elasticity of the organizational environment.
Fayrouz pointed out that the accelerated development of the Emirates in the field of financial technology made it able to compete with global centers, adding that the integrated system in the country, which includes legislation, government support and digital infrastructure, provided an ideal environment for expanding business and creating advanced financial solutions.
He stressed that the UAE, today, is not only part of the global financial technology scene, but also a pivotal player in it, and this is what enhances its attractiveness to international investments and makes it a platform for the launch of innovative financial solutions at the region and the world level.
In turn, Sabasache Goswami, the global CEO of “Pervius” for financial technology, stressed that the UAE is leading the financial technology scene at the region level, superior to many countries, thanks to strong organizational support, especially in the areas of open financing, and the concerned authorities to enhance financial inclusion.
He explained that the rapid development in financial technology is not without challenges, the most prominent of which is the threats and risks associated with fraud, adding that the UAE has made remarkable progress in providing effective solutions to manage these risks in proportion to the significant increase in the size of digital transactions, whether in terms of payments or lending.

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