FINTECH ABU DHABI HOSTS FIRST DEDICATED BOOTCAMP DAY – OFFICIALLY FOR START-UPS
About 300 participants attended “Bootcamp Day for FinTech start-ups” as part of FinTech Abu Dhabi 2018
16th September 2018, Abu Dhabi, UAE: Abu Dhabi Global Market (ADGM), the award-winning International Financial Centre in Abu Dhabi, today hosted its first ever Bootcamp Day as part of annual Fintech Abu Dhabi 2018. The event, which is held under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council, for the second consecutive year.
About 300 participants attended the day-long Bootcamp, launched exclusively for FinTech start-ups, which saw university students, banking institutions, global accelerators, investors, potential customers come together to network and absorb a variety of strategic topics relevant to their growth journey, from ‘Legal 101 for Start-ups’ to ‘FinTech Investing.’
The Bootcamp participants were also able to interact with ADGM Reglab Firms, and of which, 10 out of 26 firms are showcasing their cutting-edge solutions to re-imagine how firms trade cross-border, receive credit, and make payments in both conventional and Islamic finance. Their solutions aim to address the real needs of the SME sector and the economy. Under the support of ADGM Reglab, the start-ups are now live-testing their solutions with clients under regulatory supervision.
Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, ADGM also announced that ADGM is on the board of advisers for the recently launched MENA FinTech Association, an industry-led not-for-profit organisation. MENA FinTech Association is established to champion the interest of the FinTech community and its members include start-ups, corporates, professionals and technology firms. The Association has also established bridges with global FinTech associations from more than 16 countries creating an international and inclusive ecosystem.
FinTech Abu Dhabi Bootcamp is the pre-cursor to the FinTech Abu Dhabi Summit, which takes place tomorrow (Monday 17th September) at the Fairmont Bab Al Bahr, Abu Dhabi.
For more details, visit www.fintechabudhabi.com.
About FinTech Abu Dhabi 2018
Bringing together global and local financial institutions, FinTech start-ups, investors, regulatory agencies and the business community to network, collaborate and exchange expertise and knowledge in FinTech developments in Abu Dhabi, the wider MENA region and internationally. For more details of the ADGM’s FinTech Abu Dhabi event, visit www.fintechabudhabi.com to register interest and follow us on @FinTechAD, #FinTechAD and #InnovationChallengeAD
About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global hub for business and finance and serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.
ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation. Comprising three independent authorities: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as IFC governs the Al Maryah Island which is a designated financial free zone. It enables registered financial institutions, companies and entities to operate, innovate and success within an international regulatory framework based on Common Law. Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for two consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*
* Source: The Global Investor Middle East and North Africa (MENA) Awards
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