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Dubai, Japan sign agreement on financial tech
Last Updated: 2018-09-28 15:48 | Xinhua
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Financial service authorities of Dubai, United Arab Emirates (UAE) and Japan have signed an agreement about cooperation on financial technology (FinTech), said an official statement on Thursday.

The deal was inked between the Dubai Financial Services Authority (DFSA) which supervises the Middle East's biggest banking and insurance free zone Dubai International Financial Center (DIFC), and the Financial Services Agency of Japan, DFSA said in the statement.

The two sides will share information on developments in FinTech and ensure the efficient entry of financial innovators into the respective markets, DFSA said.

The DIFC, home to 635 regulated entities, set up a FinTech incubator, named FinTech Hive, in early 2017.

Earlier this month, FinTech Hive announced the commencement of the 2018 edition of its program, in partnership with global consultancy Accenture.

The second edition received a response of over 300 applications around the world, of which 22 were selected.

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