ABU DHABI GLOBAL MARKET SIGNS MOU WITH NYU ABU DHABI TO ADVANCE FINTECH PLAN
10 Jun

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and New York University Abu Dhabi (NYUAD) signed the Memorandum of Understanding (MoU) on 6th June 2016 to develop the Financial Technology (“FinTech”) eco-system in Abu Dhabi. This MoU follows closely on the recent announcement of ADGM’s proposed Regulatory Laboratory (RegLab), a tailored framework that allows firms deploying innovative technology in the financial services sector (“FinTech participants”) to conduct their activities in a controlled and cost-effective environment. The proposed RegLab is also the first of such initiative in the Middle East and North Africa (MENA) region.
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