ADGM Admits 4th RegLab Cohort
Faizan Hashmi 27 days ago Sun 25th August 2019 | 07:45 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 25th Aug, 2019) Abu Dhabi Global Market, ADGM, has announced the admission of four new FinTech start-ups in its fourth Regulatory Laboratory, RegLab, cohort.
These four local and international firms, DAPI (UAE), PointCheckout (UAE), Jibrel Network (Switzerland) and Ekofolio (Luxembourg), were selected from a pool of 14 applications with market-ready solutions focusing on areas including sustainable finance and the API economy to be tested in Abu Dhabi and wider UAE market.
Commenting on the announcements, Richard Teng, CEO, Financial Services Regulatory Authority of ADGM, said, "We warmly welcome the latest batch of FinTech innovators into the RegLab. We are also happy to see home-grown innovators such as NOW Money and Pyypl graduating from RegLab and becoming successful locally and regionally. They offer innovative solutions to real world challenges."
"The RegLab has been an instrumental platform not just for FinTech start-ups to innovate, but also for us as regulators to adapt, re-invent and update our regulatory requirements," he added.