February 3, 2017

By Admin

Dubai Undertakes a Focus on Fintech By Allowing Crowdfunding Platforms

This week, Forbes contributor Dominic Dudley profiled a piece on the Dubai International Financial Centre (DIFC) and their preparations to license loan-based crowdfunding platforms for the first time. Meanwhile, the Dubai Financial Services Authority (DFSA) reportedly began a consultation process on its proposed framework for the peer-to-peer lending sector on January 31st, the first in a promised series of initiatives covering the fintech industry at large. According to Dudley, the DFSA says it has already had discussions with firms who want to run loan-based crowdfunding activities from the DIFC, the pre-eminent hub for financial services in the Middle East. Read more.