By Zhang Chao
Abu Dhabi, UAE: the Abu Dhabi Global Market (ADGM), an award-winning International Financial Centre in Abu Dhabi, on Monday launched its second edition of the FinTech Abu Dhabi Summit under the patronage of His Highness Sheikh Hazza Bin Zayed Al Nahyan, according to the website of Abu Dhabi Investment Authority.
H.E Ahmed Al Sayegh, Minister of State and Chairman of ADGM
The two-day event was attended by over 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 delve deeply 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 the ADGM, announced several 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 the Maqta Gateway and more.
H.E. Riyad Al-Mubarak Al-Mubarak, Chairman of the Department of Finance, and a team of senior Abu Dhabi officials were hosted and guided around by H.E. Ahmed Al Sayegh, Chairman of ADGM to meet with ADGM RegLab Firms including HalalaH from Saudi Arabia and Securrency from the USA. They were given a brief orientation of the RegLab firms 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.
