Singapore and Dubai have recently strengthened their ties in fintech by forming a strategic cooperation. They are planning to enhance the efficiency of financial institutions by utilizing nascent technologies in the likes of Blockchain.
Within this collaboration, the two rapidly growing markets will focus on sharing related data on the financial sector and work on common innovative projects.
It’s worth mentioning that both Singapore and Dubai are the members of the Global Financial Innovation Network (GFIN).
Earlier, U.Today reported about Dubai’s plans to develop the first Blockchain-based government.