Indian tech industry body Nasscom has partnered with the Dubai International Financial Centre (DIFC) to foster cross-border collaborations in fintech, artificial intelligence (AI), and innovation. The two organizations signed a Memorandum of Understanding (MoU) on Thursday, aiming to create synergies between India’s burgeoning tech ecosystem and Dubai’s dynamic financial hub.
The MoU will facilitate the exchange of sectoral insights and development strategies, enabling Nasscom’s 3,000-plus member companies to access DIFC’s innovation ecosystem. This partnership is set to unlock opportunities for global collaboration through activities such as webinars, roadshows, roundtables, and workshops.
“Through this collaboration, Nasscom member companies gain access to Dubai’s dynamic fintech ecosystem, opening up opportunities to engage with innovative organisations and network with industry leaders at the forefront of cutting-edge advancements,” said Rajesh Nambiar, President, Nasscom.
Arif Amiri, CEO of DIFC Authority, emphasized DIFC’s commitment to fostering innovation, saying, “We aim to attract and engage Indian technology companies in our AI, fintech, and innovation community, fostering groundbreaking advancements that benefit the wider financial services industry,”
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India, home to over 10,000 fintech entities, ranks as the third-largest fintech hub globally, according to the Ministry of Finance. DIFC, a leading financial hub in the MEASA region, serves as a gateway to 77 countries and hosts 6,150 active registered companies.
The MoU marks a significant step in bridging India’s tech prowess with Dubai’s innovation-driven financial ecosystem, paving the way for groundbreaking developments in the global fintech space.
