Abu Dhabi Global Market (ADGM) has launched its second edition of Fintech Abu Dhabi Summit under the patronage of His Highness Sheikh Hazza Bin Zayed Al Nahyan. The two-day event was well-attended by over 1000 participants comprising senior government officials, local and global FinTech experts, financial leaders, investors, innovators and international regulators.
The Fintech Abu Dhabi Summit provides a platform for the Fintech community to deep-dive into trending topics and business issues that will shape the digital economy of the future. At the Fintech Abu Dhabi Summit, H.E Ahmed Al Sayegh, Chairman of ADGM, announced several significant and trail-blazing initiatives, such as:
- Launching the first ADGM digital sandbox to host the testing of new Fintech products.
- Being a member of the ASEAN Financial Innovation Network to foster cross-border investment opportunities between Abu Dhabi and Singapore.
- Working alongside Hong Kong and Singapore to build a blockchain-based trade financing platform for cross-border trade and collaborating with Maqta Gateway and more.
H.E. Riyad Al-Mubarak Al-Mubarak, Chairman of the Department of Finance, Member of the Executive Council, H.E. Saif Mohammed Al Hajri, Head of Economic Development, Executive Board Member and H.E. Rashid bin Lahej Al Mansouri, Abu Dhabi, H.E. Saif Saeed Ghabash, Undersecretary of the Department of Culture and Tourism – Abu Dhabi and team of senior Abu Dhabi officials were hosted and brought around by H.E. Ahmed Al Sayegh, Chairman of ADGM to meet with ADGM RegLab Firms including NowMoney and Pyppl from the UAE, HalalaH from Saudi Arabia, Securrency from the USA, to name a few.
They were given a brief orientation of the RegLab firms and a better understanding of their innovative solutions and product offerings that serve to transform the financial services industry in Abu Dhabi and beyond. Fintech Abu Dhabi is designed to further support the Abu Dhabi Government’s overall growth strategy and its initiatives to advance its core sectors including financial services, innovation, entrepreneurship and local human talent.