Wednesday, Nov 25, 2020
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UAE, Abu Dhabi to jointly host Fintech Abu Dhabi initiative in November

UAE Fintech Abu Dhabi
Fintech Abu Dhabi is a leading initiative created to support startups, innovation, research and collaboration in the industry across the region

The Central Bank of the UAE and Abu Dhabi Global Market are collaborating to jointly host Fintech Abu Dhabi. The event will be held on from 24th – 26th November 2020, media reports said.

Fintech Abu Dhabi is a leading initiative created to further develop and transform the region’s fintech ecosystem. Governor of the Central Bank of the UAE Abdulhamid Saeed, told the media, “We are pleased to collaborate with ADGM to co-host FinTech Abu Dhabi 2020. ADGM’s goals are in line with the Central Bank of the UAE efforts solidifying our position as the regulatory body responsible for promoting the healthy development of the financial services sector and market behaviour.”

Fintech Abu Dhabi was launched in 2017 to support startups, innovations and financial services in Abu Dhabi and rest of the Middle East region. The event also showcases Abu Dhabi and the UAE’s efforts in establishing themselves as the MENA hub and partner for fintech innovation, research, talent development and collaboration.

The Governor further said, “Through the establishment of the CBUAE FinTech Office, we aim to create an enabling and tech-friendly environment to facilitate financial technology innovations in the UAE, while continuing to enhance the concept of financial innovation. We look forward to working with ADGM and other strategic partners to achieve our common goals of advancing technological innovation and raising the level of customer experience and financial inclusion in the UAE.”

It is reported that the central bank has also developed a fintech strategy and roadmap comprising five pillars to enhance the industry in the coming years.

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