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Being a country that is in the limelight of being innovative it can utilize this new technology that seeks to improve and automate the delivery and use of financial services. This can be utilized to help companies, business owners and consumers to better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. This covers the automation of the financial sector, including advances in financial literacy, advice, and education, as well as streamlining of wealth management, lending and borrowing, retail banking, fundraising, money transfers/payments, investment management and more.
Fintech is one of the fastest-growing areas for venture capitalists. Expanding the investment in this field open a lot of opportunities and helps organizations to seek employees from Dubai, even if they don't have facilities in U.A.E.
Dubai is one of the first countries to use technology but not manufacture it.
But I know it is on its way to manufacturing technology. This allows it to be used by the technology and its exporters. 2030
Today Dubai is biggest cuntry for any one seeking a job
Dubai is a beautiful city and caters for numerous job opportunities. It has developed a long way in the last decade.
In my opinion, Dubai should definitely invest more on financial technology since business are pacing up to new generation of managing industries and the resources they have should take advantage and make most out of it, because in the long run it would give them more convinient methods in the delivery of financial serives.
Globally, technology is rapidly transforming the financial sector. One of the many financial services industries impacted by FinTech is commercial real estate (CRE). With an ever-growing population, commercial real estate is becoming increasingly important as every office property, shopping mall and skyscraper owes its existence to CRE lender capital. Much like tech companies have disrupted consumer lending, technology is slowly transforming the CRE market.
Yes, This will allow Dubai to become a Fintech hub for the Middle Dast and Africa Region, Time Zone compatibity allow for support around the region
From Research i gather that, Any New Techonology can lead to one of Diametrically- opposed social outcome, Thus Dubai investing in fintech can help balance the distribution og global wealth and it can help in deepen Dubai Economic Growth.
