FinTech is a rich display of the finance technology that is perfectly curated to suit the requirements and technicalities of financial companies.
Fintech funding surged throughout 2016 thanks in large part to tremendous funding rounds by Chinese fintechs, along with expanding interest in new fintech areas such as insurtechs (more on those later). And yet, the geography of fintech funding has changed in the last year, specifically the rise of China and the move of European investments out of London.
About the visitors who came to source FinTech at GITEX Technology Week 2016:
Visitors came from 110 countries to source FinTech products
18,725 of visitors are buyers of fintech
12,920 have a budget in excess of $100,000
4,134 buyers are attending GITEX Tech Week to purchase FInTech products at the event
Companies that attended GITEX Technology Week to source fintech products included:
Al Futtaim Technologies LLC, Al Tayer Group LLC, DP World, Dubai Municipality, Emirates Airlines, Emirates Investment Authority, Etihad Airways Group, Government Of Sharjah, Hewlett Packard Enterprise, Jumeirah Group, Ministry of Finance, Municipality Of Abu Dhabi City, National Bank Of Abu Dhabi, Sabic, Saudi Aramco, Starwood Hotels & Resorts, UNESCO, Union National Bank and many more!!