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Abu Dhabi continues fintech agenda in 2018
This article is part of the CW Middle East issue of April-June 2018
The emirate of Abu Dhabi is continuing to push its bold financial technology (fintech) agenda in 2018, with Abu Dhabi Global Marketplace (ADGM) at the heart of the strategy. Abu Dhabi’s approach to the regulation of initial coin offerings (ICOs), often used to finance startups, is evidence of its desire to attract fintech developers. In 2017 there were regular announcements of new initiatives to foster the growth of new and innovative financial technologies. This year looks set to be no different. For example, ADGM will launch the Innovation Centre – a physical hub where fintech communities can come together to foster an ecosystem for local innovation. The centre will house a co-working space for fintech startups to meet with financial institutions, investors and potential partners. It will also be home to participants of the Regulatory Laboratory (RegLab) – ADGM’s regulatory sandbox that allows companies to live-test innovative fintech products in collaboration with Abu Dhabi’s Financial Services Regulatory Authority (FSRA). ...
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Features in this issue
The UAE is investing in becoming a global pioneer in the use of artificial intelligence technology in various sectors of its economy
Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector
Dubai’s RTA has enlisted Here Technologies to build a high-definition map of the city to support its goals around self-driving cars