Time for FinTech in the Middle East
The UAE’s FinTech sector is poised to enter 2020 with robust deals as more investors and startups explore investment opportunities.
The UAE is home to one third of FinTech startups in the Middle East and North Africa (Mena), the largest community in the region and the number of FinTech companies in the region are expected to reach 1,845 by 2022, indicating an impressive of 230 per cent from 559 in 2015.
The Middle East and North Africa (MENA) startup ecosystem is growing quickly, with $517 million being invested in 354 deals in 2019 thus far, indicating an increase of 30 per cent compared to the same period of 2018 in investments.
The average deal size is at an all-time high of $2.5 million when excluding Souq and Careem. The UAE continued to account for the largest share of total funding, 62 per cent in 2019 year to date.
This one day FinTech Innovation Masterclass is designed to empower aspiring entrepreneurs with the updated industry knowledge and skills to place them on a pathway towards creating a game-changing solution.
Delivered by the top FinTech industry mentors, instructors and practitioners, this program is an exclusive opportunity to get access to the best practices, insights and guidance into ensuring success of the FinTech venture.
Get equipped with the practical toolkit to leverage in launching your FinTech solution or taking it to the stage.
Practical FinTech Innovation program is designed and delivered in collaboration with FinTech and Emerging Technologies Lab and Fourth Industrial Revolution Center at Future Innovation Labs
Module 1: The Future of Financial Services
- Market Size
- Explanation of Fintech Sub-Sectors
- Who are the players? Ecosystem explained
- What type of collaborations exist?
- Tech Giants
- The FinTech Power Shift
Fintech and Financial Inclusion
- Emerging Markets and Social Impact
- The Unbanked
- Digital Exclusion
- Mobile Money Services
- Emerging Markets Opportunities – Case Study: Africa
APIs and Open Banking
- Importance of Open APIs
- Platform Businesses Explained
- The Role of Tech Giants
- Importance of Ecosystem Development
- Case Studies
FinTech Case Studies
Module 2: Data and Artificial Intelligence
- Big Data
- Machine Learning: Supervised Machine Learning and Unsupervised Machine Learning
- Artificial Intelligence
Module 3: Blockchain, Cryptocurrencies and Digital Money
- Introduction to Cryptocurrencies and digital money
- Bitcoins, Ethereum
- Blockchain, Innovation management and Disruptive technology
- Smart Contracts
- Cryptography and Digital Signatures
- Applications of the Digital Ledger Technology
- Cyber Security, Data protection and Regulation
Module 4: Innovation Lab and Capstone Project
- Innovation Models & Methodologies
- Innovation Labs / Incubators / Accelerators
- Design Thinking ideation session (powered by Design Thinking Lab at Future Innovation Labs)
- FinTech solution development
Chairperson, FinTech & Emerging Tech Committee
@Future Innovation Labs
Victoria has over 12 years of progressive experience delivering value-adding consulting and training programs to fuel global growth, competitive advantage, innovation and transformative change for the Fortune 500 organizations.
In her previous role at Citibank, Victoria provided insight leadership to contribute to building a customer-centric organization.
Her professional accomplishments have been recognized with many corporate awards. She is the frequent speaker at international conferences and regularly contributes to industry publications.
As a mentor to innovative and ambitious startups around the world, Victoria provided guidance to founders helping them translate business idea into an investment-ready enterprise which has helped successfully raise seed capital in excess of USD 1 million.
Victoria holds an MBA from the University of Massachusetts Amherst and BBA from the American University in Dubai.
Future Innovation Labs: Inspiring Human-Centered Innovation in the Fourth Industrial Revolution era
Future Innovation Labs are committed to empowering innovation at Fortune 500 organizations and government entities helping clients achieve sustainable growth.
The mission of the Fourth Industrial Revolution Center at Future Innovation Labs is to help the Middle East region realize the full potential of game-changing impacts of emerging technologies.
Future Innovation Labs foster development and adoption of cutting-edge technologies, products and solutions.
AI and Machine Learning Labs at Future Innovation Labs accelerate AI-infused transformation of businesses and government entities.
Design Sprints developed by Design Thinking Lab experts at Future Innovation Labs help clients answer strategic questions, define marketing strategies, design new products and develop new features through design, rapid prototyping, and testing ideas with target customers.
Insight Middle East and Africa is the platform to empower the region to embrace 21st century technologies in order to unlock the economic and social potential of the Fourth Industrial Revolution.
In the era of unprecedented opportunities created by the Fourth Industrial Revolution, Insight Middle East and Africa aspires to advance emerging technologies and to amplify their positive impact for the benefit of the region.
Insight Middle East and Africa envisions the region at the forefront of digital innovation globally. To ignite innovation, inspire progress and empower technology-driven transformation of the region, Insight Middle East and Africa champions best practices, educates next generation of technology leaders and convenes action-focused communities of stakeholders.
Insight Middle East and Africa engages governments, academia, think tanks, society, business organizations, start-ups and experts to jointly work together to accelerate innovation.