Finovate

The Spirit of Innovation: #Fintech is Booming in #UAE

In this interview HE Younis Haji Al Khoori, Undersecretary of the UAE Ministry of Finance (MoF), talks about the country's innovation strategy and fintech environment. Through this strategy, MoF aspires to showcase its innovation projects like the Mohammed bin Rashid Innovation Fund, which grants access to affordable financing solutions. In addition, MoF offers its employees comprehensive skills-building and training programmes. 2017 has seen fintech enter the popular consciousness. The rise of Bitcoin, developments in mobile payment technology and the introduction of Blockchain have pushed the sector’s growth. The UAE can consolidate its leading position in the fintech sector by developing cutting edge business infrastructure and providing accessible funding through funds and incubators.

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