FinTech Hive, to be housed at the Dubai International Financial Centre (DIFC) in Dubai’s CBD, is set to launch this quarter.

Accenture runs fintech innovation labs in New York, London, and Hong Kong; and has been tasked with setting up and operating the accelerator.

Aimed at providing better financial services technology to the Middle Eastern, African, and South Asian regions, the FinTech Hive will offer a 12-week accelerator-programme.

Dubai, with its easy business, residency, and tax laws, is becoming more and more attractive to fintech start-ups looking for a new home – especially for those looking to move away from the UK after the Brexit vote.

Source: bankingtech.com