IMF & Dubai to Host FinTech Seminar at World Government Summit

The International Monetary Fund (IMF) is partnering with Dubai’s Ministry of Finance to co-host a fintech seminar during the 5th World Government Summit that will take place in Dubai between February 12-14, 2017.  Blockchain technology will be a key discussion point during this panel — a technology that Dubai’s government has given full support to through its 2020 plan to underline all of its documents and transactions with blockchain.

The panel on fintech will feature the IMF’s Christine Lagarde, as well as Luxembourg’s Minister of Finance Pierre Gramegna, and the United Arab Emirates’ Minister of State for Financial Affairs Obaid Humaid Al Tayer.

According to reports,

“The seminar will cover a number of important topics including virtual currencies, and the underlying distributed ledgers through blockchain technology. These topics have been at the center of recent debates about how digital innovation changes financial fields.”

The seminar will also cover oft-referred to topic within the fintech sector of balancing regulation and ensuring room for innovation.

According to Al Tayer;

“This seminar will discuss both the challenges and opportunities derived from Fintech services, and the importance for regulatory authorities to keep up with the technological changes. It is also important to find balance between risk treatment and the misuse of technology to avoid over regulation which may limit innovation.”

Peer-to-peer lending and crowdfunding will likely be topics that will pop up during the conversations, as well, due to their contributions to fintech innovation as well as ongoing development thanks to fintech evolutions.