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    Final Finance

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    basilbm10.channel
    This document discusses fintech trends in Dubai and the UAE. It begins with an introduction to key concepts like what fintech is and various segments of fintech such as payment as a service, banking as a service, and investment as a service. It then discusses the UAE fintech landscape and key trends in the country. Some trends highlighted are the expected growth of the UAE fintech market and the defi market. The document also discusses big data concepts like the three Vs of volume, velocity and variety and implications of big data analytics.

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    © All Rights Reserved
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    Final Finance

    Uploaded by

    basilbm10.channel
    45 views22 pages
    This document discusses fintech trends in Dubai and the UAE. It begins with an introduction to key concepts like what fintech is and various segments of fintech such as payment as a service, banking as a service, and investment as a service. It then discusses the UAE fintech landscape and key trends in the country. Some trends highlighted are the expected growth of the UAE fintech market and the defi market. The document also discusses big data concepts like the three Vs of volume, velocity and variety and implications of big data analytics.

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    FINAL FINANCE

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    This document discusses fintech trends in Dubai and the UAE. It begins with an introduction to key concepts like what fintech is and various segments of fintech such as payment as a service, banking as a service, and investment as a service. It then discusses the UAE fintech landscape and key trends in the country. Some trends highlighted are the expected growth of the UAE fintech market and the defi market. The document also discusses big data concepts like the three Vs of volume, velocity and variety and implications of big data analytics.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    45 views22 pages

    Final Finance

    Uploaded by

    basilbm10.channel
    This document discusses fintech trends in Dubai and the UAE. It begins with an introduction to key concepts like what fintech is and various segments of fintech such as payment as a service, banking as a service, and investment as a service. It then discusses the UAE fintech landscape and key trends in the country. Some trends highlighted are the expected growth of the UAE fintech market and the defi market. The document also discusses big data concepts like the three Vs of volume, velocity and variety and implications of big data analytics.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 22

    | Department

    Funktion, Fachbereich, Struktureinheit


    of Economics, oder Name
    IBS – International Finance and Accounting,
    Examiner Prof.Dr.Cornelia Scott

    Fintech in DUBAI&UAE

    By:Raajdeep Chakrabarty, Issa Hattar


    Basel Mehsen
    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    AGENDA
    1) Introduction
    i. What is Fintech?
    2) Segments of Fintech
    i. Paas
    ii. Baas
    iii. Iaas
    iv. Raas
    v. Waas
    vi. Cybersecurity & Blockchain
    vii. Cryptocurrency
    3) UAE fintech landscape
    4) Key Fintech Trends in UAE
    5) What is Bigdata ?
    i. The 6v’s of big data
    ii. Implications
    6) New Frontiers
    7) CONCLUSION

    9. Juli 2023 SEITE 2


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    What is Fintech ?

    • Fintech stands for financial technology, which combines finance and technology to
    revolutionize financial services.
    • It leverages digital advancements, data analytics, and automation to enhance and
    transform various aspects of the financial industry.
    • It aims to make financial services more accessible, efficient, transparent, and user-
    friendly.
    • Fintech disrupts traditional models, reduces costs, removes intermediaries, and
    empowers individuals and businesses.

    9. Juli 2023 SEITE 3


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    Payment as a service (Paas)

    9. Juli 2023 SEITE 4


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    Banking as a service ( Baas)


    I. The term “banking-as-a-service” refers to non-traditional businesses (often
    Fintechs) offering banking services and products digitally through third-
    party distributors
    II. It refers to creating a single platform to enable a quicker and easier access
    point for financial services
    III. Examples , we may. Have used this in many forms in our
    lives. Eg. Apple pay , google pay etc.

    9. Juli 2023 SEITE 5


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    Investment as a service (IAAS)

    I. Insurtech definition refers to technological innovations that


    aim to improve the insurance industry’s efficiency by reducing
    costs and streamlining processes
    II. INSURETECH COMPONENTS:
    I. TECH BASED
    II. SOLUTION BASED

    9. Juli 2023 SEITE 6


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    Technology Based components

    9. Juli 2023 SEITE 7


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    Solution based Components

    I. Data solutions

    II. Appetite solutions

    III. Quote solutions

    IV. Payment solutions

    9. Juli 2023 SEITE 8


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    REGTECH
    1.Regtech combines technology and data analytics to address complex regulatory
    challenges.
    2.It automates compliance processes, reducing manual effort and increasing
    efficiency.
    3.Regtech utilizes advanced technologies like AI, ML, and big data analytics to
    monitor and detect regulatory violations.
    4.It enhances risk management by providing real-time monitoring and proactive
    compliance measures.
    5.Regtech offers comprehensive reporting and audit trail capabilities, ensuring
    transparency and regulatory compliance.

    9. Juli 2023 SEITE 9


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    Wealth technology (Waas)


    1.Wealthtech combines technology and finance to modernize and enhance wealth
    management services.
    2.It utilizes automated investment platforms and robo-advisors to provide
    personalized investment advice and portfolio management.
    3.Wealthtech tools assist in financial planning, goal setting, and tracking progress
    towards financial objectives.
    4.It offers access to a wide range of investment options, including stocks, bonds,
    ETFs, and alternative investments.
    5.Wealthtech leverages data analytics and machine learning to provide data-driven
    insights for informed decision-making and optimization of investment strategies.

    9. Juli 2023 SEITE 10


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    Cybersecurity & Blockchain

    9. Juli 2023 SEITE 11


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    CRYPTOCURRENCY

    9. Juli 2023 SEITE 12


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    UAE FINTECH LANDSCAPE

    9. Juli 2023 SEITE 13


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    KEY Fintech Trends UAE

    I. Uae fintech market (2023-2028) – grow by annualCAGR of more than 10%


    II. Market for embedded finance to grow by 30.1% annualy till 2029
    III. The market for virtual cards expected to reach 60.6 billion by 2030 , CAGR
    20.7%
    IV. 75% of UAE survey respondents want contactless payment on transportation
    V. Defi market size is growing at CAGR 19.03% and will reach 205.45 mill by
    2027

    9. Juli 2023 SEITE 14


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    What is Big Data?


    1.Large and Complex Data: Big data refers to massive and diverse sets of data that are too large and
    complex to be processed using traditional methods.

    2.Three Vs: Big data is characterized by the three Vs - Volume (huge amounts of data), Velocity (high speed
    at which data is generated), and Variety (varied types and sources of data).

    3.Valuable Insights: The goal of analysing big data is to extract meaningful insights, patterns, and trends
    that can provide valuable information for decision-making and understanding complex phenomena.

    4.Advanced Technologies: Dealing with big data requires specialized technologies and tools, such as
    distributed computing, cloud storage, and data analytics platforms that utilize techniques like machine
    learning and artificial intelligence.

    9. Juli 2023 SEITE 15


    | Funktion, Fachbereich, Struktureinheit oder Name

    9. Juli 2023 SEITE 16


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    Implications Of Big Data analytics


    I. PROS:
    1. Finance professionals can leverage the resource of Big Data to help
    organizations anticipate or pre-empt risk and protect performance.
    2. Valuable customer analytics
    3. Big data financial models
    4. Real time investment insights
    II. CONS:
    1. Regulation
    2. Data privacy
    3. Data silos

    9. Juli 2023 SEITE 17


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, oder Name
    IBS – International Finance and Accounting

    What is Quantum computing ?

    9. Juli 2023 SEITE 18


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, IBS – oder Name
    International Finance and Accounting

    QUANTUM COMPUTING IN FINTECH


    • portfolio optimization.
    • credit risk analysis
    • improve fraud detection in the financial sector
    • can help financial institutions make better investment decisions and
    manage risk more effectively
    • EG. IBM

    9. Juli 2023 SEITE 19


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, IBS – oder Name
    International Finance and Accounting

    CONCLUSION

    9. Juli 2023 SEITE 20


    | Department
    Funktion, Fachbereich, Struktureinheit
    of Economics, IBS – oder Name
    International Finance and Accounting

    REFRENCES:
    • 4 types of Big Data Technologies (+ management tools). Coursera. (n.d.). https://www.coursera.org/articles/big-data-technologies#
    • Big Data in Finance. Corporate Finance Institute. (2023, July 7). https://corporatefinanceinstitute.com/resources/data-science/big-data-in-finance/
    • CB Insights. (2021, February 1). Quantum Computing vs. classical computing in one graphic. CB Insights Research.
    https://www.cbinsights.com/research/quantum-computing-classical-computing-comparison-infographic/
    • Choudhary, P. (2023a, February 20). The 6 key fintech segments. GlobalFinTechSeries. https://globalfintechseries.com/fintech/the-6-key-fintech-segments/
    • Choudhary, P. (2023b, February 20). The 6 key fintech segments. GlobalFinTechSeries. https://globalfintechseries.com/fintech/the-6-key-fintech-segments/
    • Fintech - United Arab Emirates: Statista market forecast. Statista. (n.d.). https://www.statista.com/outlook/dmo/fintech/united-arab-emirates#transaction-
    value
    • Frankenfield, J. (2022, November 5). Regtech: Definition, who uses it and why, and example companies. Investopedia.
    https://www.investopedia.com/terms/r/regtech.asp
    • Hayes, A. (2023, May 15). Blockchain facts: What is it, how it works, and how it can be used. Investopedia.
    https://www.investopedia.com/terms/b/blockchain.asp
    • Insurtech - meaning, components, applications, examples - wallstreetmojo. (n.d.). https://www.wallstreetmojo.com/insurtech/
    • Nair, D. (2023, April 18). Cash no longer king as UAE consumers switch to digital payments. The National.
    https://www.thenationalnews.com/business/money/2023/04/18/cash-no-longer-king-as-uae-consumers-switch-to-digital-payments/
    • Payit, P. A.- ,2023) .‫م‬June 26). UAE’s top fintech trends to look for in 2023. payit e-wallet. https://payit.ae/blog/uaes-top-fintech-trends-to-look-for-in-
    2023/#:~:text=A%20market%20research%20report%20called,to%20several%20major%20growth%20drivers.

    9. Juli 2023 SEITE 21


    | Funktion, Fachbereich, Struktureinheit oder Name

    9. Juli 2023 SEITE 22

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