ADGM & PWC COLLABORATE ON FINTECH ABU DHABI SUMMIT

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to partner with PwC to launch the inaugural FinTech Abu Dhabi Summitin October 2017. The FinTech Abu Dhabi Summit, to be organised alongside with key Abu Dhabi institutions and industry partners, is part of ADGM’s FinTech initiatives and line-up of local and international activities which kicked off in November 2016 and to continue for the rest of 2017.  The FinTech Abu Dhabi series of events is an extension of ADGM’s commitment to bring together local and global financial institutions, FinTech start-ups and participants, investors, regulatory agencies and the business community to network, collaborate and exchange expertise and knowledge in FinTech developments in Abu Dhabi, the wider MENA region and internationally.

It is ADGM’s ambition to support Abu Dhabi as the FinTech hub and nexus for the MENA and GCC region based on its strength as a financial centre, an internationally-recognised regulatory environment, conducive business climate, and availability of capital and talent management. ADGM recognised that a sustainable, vibrant innovation ecosystem is a shared responsibility among industry participants and stakeholders.
 
Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority of ADGM said, “We are pleased to collaborate with PwC to develop a forward-thinking and world-class summit that will define the vision of FinTech in the MENA region.  Having successfully launched the Regulatory Laboratory in November last year, the FinTech Abu Dhabi Summit will be designed as a catalyst event that provides immersion and discussions that will challenge the stakeholders to think ahead of the ecosystem needed to support FinTech innovation. It will be an open platform that supports greater collaboration and valuable networking across ecosystem players and builders.
 
ADGM will continue to play its part as an international financial centre and regulator in fostering the right and conducive Fintech environment for innovators, financial institutions and companies to succeed together.”

Haskell Garfinkel, PwC Partner and FinTech Co-Lead said, “We are excited to collaborate with ADGM to highlight Abu Dhabi’s strengths as a regional FinTech Hub and develop the framework and commitments needed for FinTech innovation to thrive in the MENA and GCC region. The FinTech Abu Dhabi Summit will reinforce the benefits of ADGM’s regulatory framework, showcase its RegLab participants, and convene global and regional leaders across the innovation landscape to shape the vision of ADGM’s FinTech Future.”

Leveraging the global expertise and network of PwC and ADGM’s partners, the Summit will feature distinguished influencers, leaders and entrepreneurs from the GCC region, London, Asia, the United States of America and others.  The Summit will cover key sectors and topics of FinTech, including payment services and market infrastructure, enabling financial inclusion, deposits, lending and capital raising,  investment management, FinTech Regulations, advisor-client relationship, serving the un(der)banked and others, which are trending and most relevant to the region.   
 
The Summit is part of the larger FinTech Abu Dhabi event which will feature other components including a Hackathon, Demo Day, and FinTech Awards presentation.  
 
Interested participants are invited to visit www.fintechabudhabi.com to register for more details of the FinTech Abu Dhabi event.

ADGM TO ORGANISE INAUGURAL FINTECH ABU DHABI EVENT IN 2017

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, today announced its plans to host and organise an inaugural FinTech event in Abu Dhabi in early 2017. This ADGM FinTech initiative is to create a platform for financial institutions, FinTech start-ups and participants, investors, regulatory agencies and the business community to network, collaborate and exchange expertise and knowledge in FinTech developments in Abu Dhabi, the wider MENA region and internationally.

The FinTech Abu Dhabi event will comprise key components including a Summit, Hackathon, Demo Day, and FinTech Awards presentation.  ADGM will be partnering key industry leaders and FinTech experts to create and develop the FinTech Abu Dhabi event for next year. 

ADGM announced its ambition to be the FinTech hub in the MENA region in March 2016. In November this year, ADGM launched the first Regulatory Laboratory (“RegLab”) in the MENA region to offer a controlled environment for FinTech players to develop and test their innovative solutions without being subject to full authorisation requirements.  These solutions will further contribute to the development of the financial services sector in Abu Dhabi and the UAE. ADGM will also provide appropriate regulatory support and guidance to help FinTech participants understand and apply the relevant regulatory requirements.

His Excellency Ahmed Al Sayegh, Chairman of ADGM, said: “Strategically located in the East-West corridor of trade and finance space, Abu Dhabi and the greater UAE has been experiencing significant transformation and opportunities that innovation and FinTech has brought from all parts of the world.  Creating a vibrant innovation ecosystem is a shared responsibility. ADGM will continue to collaborate with like-minded partners and authorities to enhance financial services and offerings in our region.  As an international financial centre, ADGM is committed to provide an efficient platform for local and global businesses to access the appropriate financing and services to support their strategic developments and growth today and well into the future.”

Interested participants are invited to visit www.fintechabudhabi.com to register for more details of the FinTech Abu Dhabi event.