How is Dubai using fintech to develop its smart city?

How is Dubai using fintech to develop its smart city?

We explore how the city of Dubai is going to leverage fintech in order to become a truly smart city and potentially the fintech capital of the world.. To understand the projections, we take a closer look at the city of Dubai, which closely leverages financial technology with smart city initiatives.. Smart Dubai is an institution championing smart city initiatives across the region in a bid to make Dubai "the happiest city on earth", a vision set out by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President & Prime Minister of the UAE.. 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 .. The Dubai Smart City Accelerator is powered by Startupbootcamp , a European company that supports early-stage tech companies and plays a supplementary role to supporting fintechs.. The DIFC is the region's largest financial ecosystem, comprising over 24,000 professionals across 2,200 companies.. The institution drives the future of finance, which will continuously play into the technological advancements that take Dubai closer to becoming a paperless, smart city.. The DIFC also recently announced