– Participating UAE institutions will work with startups to co-develop prototype FinTech solutions in response to specific business needs
– KPMG LG intends to set up its innovation platform — KPMG Digital Village — in ADGM, the first such presence outside Singapore
– 2018 FinTech Abu Dhabi Summit will be held on 17 September at Fairmont Bab Al Bahr, Abu Dhabi
27 May 2018, Abu Dhabi, UAE/Singapore: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and KPMG Lower Gulf Limited “KPMG LG” are pleased to launch the second edition of FinTech Abu Dhabi Innovation Challenge (the Challenge) and push ahead with efforts to drive innovation in the financial services industry.
The inaugural Innovation Challenge organized last year generated strong interest among regional financial institutions about the potential benefits of collaborating with FinTech startups. As a result, this year’s challenge will primarily focus on generating real case studies in the adoption of FinTech solutions by major UAE institutions, including government entities and regulators. The final demo day will be held in conjunction with the annual FinTech Abu Dhabi Summit (FinTech AD), taking place on 17 September 2018 at Fairmont Bab Al Bahr, Abu Dhabi.
Simultaneously, KPMG LG will also extend the operations of its Digital Village in the region, and will operate from ADGM’s Innovation Centre. Initially established in Singapore, the KPMG Digital Village is a symbiotic ecosystem dedicated to matching, fostering and forging innovation ventures between companies and start-ups. The platform intends to help start-ups as they look to grow to the next stage and equip corporate clients with one of the latest innovation technology.