Abu Dhabi Global Market Participates in Singapore Fintech Festival 2016

ADGM FSRA 17/11/2016

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is in Singapore for the Singapore FinTech Festival from 14 to 18 November 2016. The ADGM team, comprising Mr Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority (FSRA) and senior management from the Capital Markets, Human Resources and Strategy & Business Affairs departments, are in Singapore to attend the FinTech Festival activities and relevant business meetings.  ADGM is also hosting an ADGM pavilion at the FinTech Exhibition from 16-17 November, alongside dedicated country pavilions such as Japan and India. 

ADGM’s participation at the Singapore FinTech Festival comes on the heels of the launch of the ADGM FinTech Regulatory Laboratory (RegLab) on 2 November 2016.  The ADGM RegLab is the first of its kind regulatory regime in the MENA region that provides a controlled environment for innovative FinTech solutions to be developed and tested. It is part of ADGM’s commitment to develop Abu Dhabi as the FinTech hub in the region. Global FinTech participants and investors are able to meet with the ADGM FinTech team to learn more about the ADGM Reglab opportunities and how it can support FinTech innovation.

The Singapore FinTech Festival is designed to bring together the global FinTech community to exchange knowledge and discover the latest and newest in FinTech innovation. The FinTech exhibition will see over 10,000 attendees from start-ups, venture capitalists, central banking, asset management, risk management, regulatory compliance and many others from over 45 countries. Attendees at the exhibition will be able to have a better understanding of Abu Dhabi, the capital of the United Arab Emirates and one of the world’s leading financial and business hubs at the ADGM pavilion.

Mr Richard Teng, Chief Executive Officer, FSRA of ADGM said, “ADGM is excited to participate in the Singapore FinTech Festival and happy to be able to play a part in supporting the global FinTech ecosystem through this event.  Since the launch of our Reglab and framework, we have received positive feedback and support from Abu Dhabi entities and global FinTech players.  This event provides an opportunity for ADGM to raise greater awareness of Abu Dhabi’s financial services forte and economy. At the same time, we can reach out to FinTech participants who are interested in the ADGM regulatory framework and its FinTech environment.  We look forward to meeting and exploring new opportunities with the relevant industry stakeholders and FinTech players to enhance the FinTech ecosystem in Abu Dhabi.”

As the newest international financial centre, ADGM has been achieving international tractions and establishing itself as an innovative, trusted and well-regulated jurisdiction serving the evolving needs of the local and global industry.  For more details of ADGM and its FinTech regulatory framework, please visit ADGM website.