Abu Dhabi Global Market Announces 1st FinTech Innovation Centre And Accelerator Partnership With World’s Largest Startup Accelerator At The Inaugural FinTech Abu Dhabi Summit

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to announce two major initiatives – the launch of the ADGM FinTech Innovation Centre and its global partnership with world’s largest startup accelerator Plug and Play – at its inaugural FinTech Abu Dhabi Summit. These two FinTech initiatives aim to support greater financial innovation, cultivate FinTech talents, foster closer industry collaboration and facilitate more cross-border investment opportunities to bolster the development and growth of financial services in Abu Dhabi and the region. FinTech Abu Dhabi Summit, which is under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council, successfully today with participation from 500 global FinTech leaders, innovators, financial regulators, decision-makers and industry trend-setters.

ADGM FinTech Innovation Centre by first half of 2018

ADGM will launch the Innovation Centre — a physical hub whereFinTech communities can come together to foster an interactive, collaborative and vibrant ecosystem for innovation to take root in Abu Dhabi and the region.  It will include a co-working space for FinTech startups to meet with financial institutions, investors and potential partners, as well as state-of-the-art facilities for networking and events.  At its core, the Innovation Centre will feature a startup acceleration programme (see below) to attract and nurture FinTech entrepreneurs and companies from all over the world to develop and deploy innovative solutions in the region.  The Centre will also be home to participants of the Regulatory Laboratory (RegLab) — ADGM’s regulatory sandbox that allow companies to live-test innovative Fintech products in collaboration with the regulator.  ADGM FinTech Innovation Centre welcomes startups focusing on Artificial Intelligence, Blockchain, DLTs, Biometrics, E-Payments, RegTech and more that shape and transform financial services in the years to come.