STARTUP SUPPORT
PAYMENT SOLUTIONS
58 set out by His Highness Sheikh Mohammed Bin Rashid Al Maktoum , Vice-President & Prime Minister of the UAE . The initiative seeks to harness AI , data and blockchain in order to drive Dubai ’ s economy and achieve the ultimate goal of making it entirely paperless . Banks are notorious for paper waste and in order to digitally transform these services incumbents will either need to develop in-house solutions , or obtain assistance from fintechs . Government-owned bank , Emirates NBD , is driving this change by undertaking one of the largest digital transformations in the region . In addition to this , it also launched digital banks Liv and E-20 , which are driving fintech capital .
STARTUP SUPPORT
As a part of Dubai ’ s Smart City initiative , it will support startups in three components : Global Blockchain Challenge , the Dubai Smart City Accelerator and Dubai Future Accelerators . These will seek to nurture blockchain , AI , ML , IoT and connectivity in order to drive a smarter government , transportation and retail sectors . The Dubai Smart City Accelerator is powered by Startupbootcamp , a European
MARCH 2020