The Dubai Financial Services Authority (DFSA), the independent regulator for the Dubai International Financial Centre (DIFC), has launched DFSA Connect, a next-generation digital platform designed to streamline application processes for authorisations and regulatory approvals. Unveiled at GITEX, the new system aims to make setting up and scaling a business within the DIFC a faster, simpler, and more efficient experience for financial services firms.
Meeting Rising Demand with Digital Efficiency
The launch of DFSA Connect comes as the regulator experiences a significant increase in demand. During the first three quarters of 2025, the DFSA recorded an 18% rise in applications for authorisation. The new platform is engineered to manage this growing volume more effectively, with the DFSA projecting a 33% efficiency gain. This enhancement is expected to translate directly into faster turnaround times for applicants seeking the necessary authorisations and approvals to operate within the DIFC.
A Step-Change in Regulatory Technology
DFSA Connect leverages smart automation and streamlined workflows to reduce manual steps and procedural delays, marking a significant move towards a more applicant-friendly digital system. This aligns with the DFSA’s commitment to enabling innovation while upholding its high regulatory standards. The platform is designed to ensure new firms can meet compliance requirements more seamlessly.
“DFSA Connect represents a step-change in how we support innovation and growth in the DIFC,” said Juma Thani Alhameli, Chief Operating Officer of the DFSA. “By deploying cutting-edge digital capabilities and preparing for advanced AI integration, we can respond faster, operate smarter, and deliver tailored solutions that meet the evolving needs of individuals and businesses alike.”
Paving the Way for AI Integration
Beyond its immediate capabilities, DFSA Connect is built to accommodate future technological advancements. The platform’s architecture will pave the way for the integration of artificial intelligence (AI) to further personalize the applicant experience. Future enhancements aim to create tailored services and interactions, ensuring the DFSA continues to modernise its regulatory approach and solidify the DIFC’s position as a competitive global financial hub.
About The Dubai Financial Services Authority (DFSA)
The Dubai Financial Services Authority (DFSA) is the independent regulator of financial services conducted in and from the Dubai International Financial Centre (DIFC). The DFSA’s regulatory mandate covers a wide range of financial services, including asset management, banking, securities trading, and fintech. It also supervises international exchanges like Nasdaq Dubai and enforces anti-money laundering and counter-terrorism financing requirements within the DIFC.
Source: Zawya
