FinTech Abu Dhabi 2018 Accelerates Innovation Of Digital Economy

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 17th Sep, 2018) Abu Dhabi Global Market, ADGM, today successfully launched its second edition of FinTech Abu Dhabi Summit, held under the patronage of H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, at the Fairmont Bab Al Bahr, Abu Dhabi.

The two-day event, was well-attended by about 1,000 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.

Riyad Al-Mubarak Al-Mubarak, Chairman of the Department of Finance and Member of the Executive Council; Saif Mohammed Al Hajri, Chairman of Economic Development Department and Executive board Member; and Rashid bin Lahej Al Mansouri, Abu Dhabi; Saif Saeed Ghabash, Under-Secretary of the Department of Culture and Tourism - Abu Dhabi; and team of senior Abu Dhabi officials were hosted and brought around by 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.

At the summit's inaugral speech, Al Sayegh, Chairman of ADGM, announced several significant and trail-blazing initiatives, including 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.