FinTech Hive at DIFC will begin accepting applications for its 2018 programme starting 20 May, kicking off a competitive search for the top fintech and insurtech innovators in the region.
The FinTech Hive at DIFC was launched last year by the Dubai International Financial Centre (DIFC) in partnership with leading global professional services company Accenture. The 2018 edition of the accelerator programme expands its scope to include insurtech, as well as Islamic finance and regulatory technology (regtech) solutions.
The focus on insurtech comes amid rapid growth in the sector, with both the volume and value of deals jumping in 2017 and puts FinTech Hive at DIFC in a position to connect insurance firms with this new wave of innovation in the region.
New insurance partners of the 2018 programme include AIG, Takaful Emarat and Zurich Insurance Company Ltd., who will join new financial institution partners First Abu Dhabi Bank, Arab Bank, and Noor Bank, along with returning partners Abu Dhabi Islamic Bank, Citi, Emirates Islamic, Emirates NBD, HSBC, Mashreq, Standard Chartered, UAE Exchange and Visa.