Irish Regtech Startup DX Compliance Expands Footprint to the UAEby Fintechnews Middle East 13. April 2021
Irish regtech startup DX Compliance has launched its operations in the Middle East from its new base in Abu Dhabi, UAE. DX Compliance’s operations have now expanded into five international markets.
Working with banks and fintech companies, DX Compliance builds AI-enabled anti-financial crime and compliance software solutions to effectively identify and manage regulatory and financial risks.
DX Compliance has recently appointed financial compliance and fintech expert, Razi Ardakani, as their Head of Growth. He will lead the company’s expansion across the Middle East and drive global expansion strategies.
The move to the region has been supported by Enterprise Ireland, the Irish government’s trade and innovation agency. Their involvement has contributed to the successful expansion of DX Compliance into the Middle East market. This includes the Dubai International Financial Center’s (DIFC) FinTech Hive as well as Abu Dhabi Global Market’s (ADGM) Hub71.
While the DIFC FinTech Hive specifically focuses on startups active in the FinTech space, Hub71 is a sector agnostic global tech ecosystem backed by Mubadala and supported by a number of other investment vehicles in the UAE.
Simon Dix, CEO & Founder of DX Compliance said,
“After successfully launching in the UAE and securing a place in the two biggest start-up accelerator hubs in the UAE, we are looking to expand our offer into the wider MENA region.
This move will create several R&D jobs in Ireland where DX puts a high focus in hiring young talent.”
Featured image: DX Compliance team