Business Chief Europe Magazine June 2023 | Page 21

5 MINUTES WITH ...

MENA

Fintech Association | DIFC Fintech Week

“ I believe that life is too short to not make a difference ”

The UAE is accelerating digital transformation in the financial services sector with the Financial Infrastructure Transformation Programme ( FIT programme ) launched by the Central Bank . The FIT programme includes nine initiatives such as the card domestic scheme , eKYC , Central Bank Digital Currency ( CBDC ), open finance , supervisory technology ( SupTech ), innovation hub , instant payments platform , financial cloud , and excellence & customer experience .
Meanwhile , Saudi Arabia has made significant strides in diversifying its economy , with a focus on developing sectors such as tourism , mining , and renewable energy . The Kingdom ' s Vision 2030 plan aims to transform the country into a hub for trade and investment , and has already attracted significant foreign investment .
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