Dubai International Financial Centre (DIFC) has contracted with Accenture to set up and operate a fintech accelerator for regional and international startups. Accenture won the gig with the Middle East financial hub owing to its past experience in running its own accelerator programmes in London, New York and Hong Kong. DIFC says it expects the facility to morph into a global fintech innovation hub linking the US, European and Middle East, African and South Asian markets. The global fintech sector has attracted more than $50 billion in investment since 2010, but currently the Middle East and North Africa only attract around 1 percent of that investment. Read more: finextra.com
