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Abu Dhabi, UAEFriday 14 December 2018

Business Extra podcast: Brave new world of financial technology takes root in the UAE

Cutting-edge tech is fast becoming a significant growth area in the country’s economic mix

A woman pictured against the a display reading 'Abu Dhabi' at a booth during the Fintech Festival in Singapore. Wallace Woon / EPA
A woman pictured against the a display reading 'Abu Dhabi' at a booth during the Fintech Festival in Singapore. Wallace Woon / EPA

Host Chris Nelson talks to Craig Moore, the founder and chief executive of the UAE peer-to-peer lending platform beehive.ae, about the rise and rapid evolution of financial technology in this region.

While well established in the US and UK, fintech, as it is called, has only really taken off here in the past two or three years.

With the Government keen to push the growth of a knowledge-based economy and encourage the growth of the small and medium-sized business sector, how does fintech fit in with the UAE’s development plans?

Read more:

UK remains a hot fintech hub despite Brexit woes

Bahrain banks launch R&D firm to drive growth of Islamic fintech

Dubai and Australia team up with fintech initiative