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RegLab

World's second most active regulatory sandbox

The ADGM RegLab is a specially-tailored regulatory framework which provides a controlled environment for FinTech participants to develop and test innovative FinTech solutions. As the first RegLab in the region and the world’s second most active FinTech sandbox, the RegLab is designed to foster innovation within the UAE financial services market for both new market entrants and existing financial institutions.

By creating a regulated, safe environment RegLab has been designed to allow FinTech innovation to be tested without being subjected to the full suite of regulatory requirements that would otherwise apply to traditional financial services firms. The set-up will allow FinTech participants to explore and develop FinTech solutions in a risk appropriate and cost-effective environment.

The ADGM RegLab is for all participants active in the FinTech space, from start-ups to existing, regulated companies. To qualify, FinTech participants must be able to demonstrate an innovative technological solution that is at the stage of development ready for testing. The solution should also contribute to the development of the financial sector in UAE.

An ideal location

Abu Dhabi innovation agenda

Abu Dhabi is committed to promoting growth in technology innovation and encouraging competition within the FinTech sector. 

This greater regional representation in Emerging Markets Indices and growing government debt issuance, has led to international, regional and local investment/asset managers increasing their focus on the region.

Historically a centre of wealth, Abu Dhabi not only has one of the largest sovereign wealth funds in the world, but is also home to a large number of family offices who invest both locally and internationally in the full range of products and markets. 

Abu Dhabi boasts a world class infrastructure with significant investments in green sustainable energy and an extensive professional services infrastructure such as medical, consultancy, legal, architectural and housing.

Named as one the safest cities in the world, Abu Dhabi offers outstanding housing options, best in class international schools, sporting facilities, great cultural institutions and events with convenient international transportation links globally.

With a geographic location at the heart of the MENA region and the South/South Corridor, ADGM has strong ties to the Belt and Road Initiative and benefits from on-going links to South Asia and Africa.

Why apply to join the ADGM FinTech RegLab

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FinTech hub

ADGM is rated by independent reviewers as one of the best FinTech jurisdictions with a flourishing ecosystem and presence of numerous FinTech firms.
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Active RegLab

ADGM FinTech RegLab is the world's second most active FinTech regulatory sandbox in the world.
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Test and develop

RegLab participants have up to two years to test and develop their solution to a point where it can be commercially launched.
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Bespoke regulatory requirements

Regulatory requirements are specific to participant business model and risks as they progress through different stages of development or testing.
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No office requirement

ADGM's RegLab is virtual. Participants are not required to be based in Abu Dhabi or have an office space in ADGM.
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Low cost

The fee for participating in ADGM RegLab is low and cost effective.
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Full ecosystem support

Support and mentorship from ADGM FinTech and innovation partners including financial institutions, venture capital and angel investors, accelerators, technology firms, academic institutes and professional service providers.
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Scalability testing

Access to the core banking digital sandbox environment allows participants to integrate their solutions with banking data and functionality and to test them for scalability and robustness.

Other Fintech solutions

ADGM FinTech Digital Lab

The ADGM FinTech Digital Lab supports and enables the creation of APIs, System Virtual Machines, data and applications that connect legacy systems of Financial Institutions to FinTechs, more established technology providers and other relevant parties in a cost-effective and scalable manner, hosted securely on the cloud.

To promote industry adoption, interoperability, financial inclusion and convergence to higher standards, ADGM is developing tools and guidance on the standards and IT security requirements for open APIs and cloud adoption.

FinTech

Abu Dhabi has recently been recognised as the top FinTech hub in MENA region with ADGM actively championing the development of a sustainable and vibrant FinTech ecosystem, setting many 'firsts' for the MENA region, including the first FinTech Regulatory regime and the first FinTech RegLab which today is the world's second most active FinTech sandbox after London.

At ADGM we recognise the importance of technological innovation in the financial services industry. We can play a meaningful role in supporting innovation and growth in FinTech, while promoting systemic safety and consumer protection. As a centre of connectivity and located half-way between the European and Asian markets, Abu Dhabi is a crossroads of the world where ADGM's strategic partnerships with other regulators and the private sector underpin a vibrant FinTech ecosystem.

Global Financial Innovation Network

The Global Financial Innovation Network (GFIN) was formerly launched in January 2019 by an international group of financial regulators and related organisations, including the Financial Conduct Authority (FCA). This built on the FCA’s early 2018 proposal to create a global sandbox. The GFIN is a network of 29 organisations committed to supporting financial innovation in the interests of consumers.

The ADGM FinTech Digital Lab supports and enables the creation of APIs, System Virtual Machines, data and applications that connect legacy systems of Financial Institutions to FinTechs, more established technology providers and other relevant parties in a cost-effective and scalable manner, hosted securely on the cloud.

To promote industry adoption, interoperability, financial inclusion and convergence to higher standards, ADGM is developing tools and guidance on the standards and IT security requirements for open APIs and cloud adoption.

If you have questions or need any assistance, we're here to help.
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