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Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to partner with PwC to launch the inaugural FinTech Abu Dhabi Summit in October 2017. The FinTech Abu Dhabi Summit, to be organised alongside with key Abu Dhabi institutions and industry partners, is part of ADGM’s FinTech initiatives and line-up of local and international activities which kicked off in November 2016 and to continue for the rest of 2017. The FinTech Abu Dhabi series of events is an extension of ADGM’s commitment to bring together local and global financial institutions, FinTech startups and participants, investors, regulatory agencies and the business community to network, collaborate and exchange expertise and knowledge in FinTech developments in Abu Dhabi, the wider MENA region and internationally.
It is ADGM’s ambition to support Abu Dhabi as the FinTech hub and nexus for the MENA and GCC region based on its strength as a financial centre, an internationally-recognised regulatory environment, conducive business climate, and availability of capital and talent management. ADGM recognised that a sustainable, vibrant innovation ecosystem is a shared responsibility among industry participants and stakeholders.
Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority of ADGM said, “We are pleased to collaborate with PwC to develop a forward-thinking and world-class summit that will define the vision of FinTech in the MENA region. Having successfully launched the Regulatory Laboratory in November last year, the FinTech Abu Dhabi Summit will be designed as a catalyst event that provides immersion and discussions that will challenge the stakeholders to think ahead of the ecosystem needed to support FinTech innovation. It will be an open platform that supports greater collaboration and valuable networking across ecosystem players and builders.
ADGM will continue to play its part as an international financial centre and regulator in fostering the right and conducive Fintech environment for innovators, financial institutions and companies to succeed together.”
Haskell Garfinkel, PwC Partner and FinTech Co-Lead said, “We are excited to collaborate with ADGM to highlight Abu Dhabi’s strengths as a regional FinTech Hub and develop the framework and commitments needed for FinTech innovation to thrive in the MENA and GCC region. The FinTech Abu Dhabi Summit will reinforce the benefits of ADGM’s regulatory framework, showcase its RegLab participants, and convene global and regional leaders across the innovation landscape to shape the vision of ADGM’s FinTech Future.”
Leveraging the global expertise and network of PwC and ADGM’s partners, the Summit will feature distinguished influencers, leaders and entrepreneurs from the GCC region, London, Asia, the United States of America and others. The Summit will cover key sectors and topics of FinTech, including payment services and market infrastructure, enabling financial inclusion, deposits, lending and capital raising, investment management, FinTech Regulations, advisor-client relationship, serving the un(der)banked and others, which are trending and most relevant to the region.
The Summit is part of the larger FinTech Abu Dhabi event which will feature other components including a Hackathon, Demo Day, and FinTech Awards presentation.
Interested participants are invited to visit www.fintechabudhabi.com to register for more details of the FinTech Abu Dhabi event, and follow us on @FinTechAD and #FinTechAD
About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21st October 2015.
In line with the Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.
ADGM’s three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on the Common Law.
Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths - private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.
Abu Dhabi Global Market is located on Al Maryah Island, a 114-hectare development that is home to world-class business and lifestyle facilities such as the Rosewood and Four Seasons Hotels and Residences, the first ever specialty Cleveland Clinic Hospital outside of USA, luxury retail at the Galleria Mall, and grade-A offices spaces to meet Abu Dhabi’s long-term development and economic needs. All these complement ADGM’s international financial centre position as a vibrant destination in the capital city in Abu Dhabi. For more details of ADGM, please visit www.adgm.com or follow us on Twitter: @adglobalmarket and Linked : ADGM
About PwC
At PwC, our purpose is to build trust in society and solve important problems. PwC is a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/US .
For further enquiries, please contact:
Joan Lew, Senior Manager, Communications
Email: joan.lew@adgm.com, Telephone: +971 2 333 8858
Online: www.adgm.com
© Press Release 2017
