Dubai regulator DFSA hosts regulatory session on innovation in financial services

Dubai: The Dubai Financial Services Authority recently hosted a regulatory insights session - in association with the Union of Arab Securities Authorities – on furthering innovation in financial services.

“Innovation is no longer a concept of the future – it is a present-day imperative,” said Fadel Al Ali, Chairman of DFSA, which is the regulator for DIFC based entities.

The session offered an open dialogue on the ‘integration of financial technology, digital assets, artificial intelligence, and other emerging innovations into regulatory frameworks’.

“We believe that by fostering collaborative dialogue and sharing regulatory insights, we can build a dynamic, forward-looking financial ecosystem that balances innovation with strong regulatory safeguards,” said Al Ali.

The DFSA also provide an update on its cyber threat intelligence platform.

As the first regulator-led cyber threat intelligence platform in the Middle East, the platform has a ‘critical role in safeguarding and enhancing the cybersecurity landscape within the DIFC’.

“Businesses are encouraged to leverage and capitalise on the platform to strengthen their cyber defence with actionable intelligence,” said a statement.