Abu Dhabi UAE: The award-winning international financial centre, Abu Dhabi Global Market (ADGM) is excited to announce the fourth annual FinTech Abu Dhabi Festival (FinTech Abu Dhabi) to be held from 24 – 26 November 2020. FinTech Abu Dhabi is MENA’s leading FinTech event which brings together various players and stakeholders to discuss ideas and launch initiatives within the FinTech ecosystem.

ADGM, in collaboration with Unbound, successfully held FinTech Abu Dhabi 2019 from 21 – 23 October 2019 with positive reviews received from the FinTech community.  It was the largest FinTech event in MENA, with more than 5000 participants from 74 countries, the founders or global C-suite from 13 FinTech unicorns, 132 speakers and 111 exhibitors.  Some of the key highlights include the Investor Forum, Innovation Challenge, FT50 Challenge, FinTech Abu Dhabi Awards, and Government FinTech Forum.  Excerpts of the event can be found here.

This year, FinTech Abu Dhabi 2020 is expected to be even bigger and more exciting, attracting more than 7,500 participants and influencers, 150 speakers, and 125 exhibitors.  In particular, it will once again feature the hugely successful and popular Innovation Challenge, where FinTech firms are given the opportunity to present innovative solutions to specific problem statements posed by financial institutions, corporations and government agencies (“Corporate Champions”). The aim of the Innovation Challenge is to address challenges in the region’s financial sector through collaboration with FinTech firms to develop innovative solutions to these problems.

As part of the recruitment process, ADGM and Unbound will conduct a global roadshow and host pitching competitions at 30 international cities to select the world’s top FinTechs, and bring them to Abu Dhabi.  This year’s Innovation Challenge will for the first time be hosted in the ADGM Digital Lab, a digital environment provided and supervised by ADGM. Participants can use the Digital Lab to seamlessly connect, experiment and develop innovative solutions creating new products and test prototypes swiftly.

ADGM will shortlist up to 10 finalists for the Innovation Challenge to showcase their market-ready solutions at FinTech Abu Dhabi 2020.  Finalists will be eligible to win a cash grant enabling them to work with their Corporate Champion to develop and complete their solutions. The winners will also be invited to be a part of the Hub71 community.

ADGM would like to invite Corporate Champions to register their interest in sponsoring problem statements and/or co-funding the PoC cash grants on a matched basis with ADGM for the Innovation Challenge.  If selected, the Corporate Champions will have the unique opportunity to select from world–class FinTech players to work on their specific challenges.  We welcome problem statements particularly pertinent to the transformative needs of the smart digital financial centre and digital economy of the future.  The solutions to these challenges would enable a seamless, inclusive, sustainable and business-friendly environment for digital transactions and financial services to flourish, such as the creation of digital marketplaces and infrastructures for SME / trade / green finance. 

For more information on the challenge and how to register as a Corporate Champion, please contact us at fintech.abudhabi@adgm.com.

 “Following the success of 2019 where we brought the largest FinTech event to this region, we are looking forward to an even grander agenda and line-up of activities this year.  As a global FinTech hub and ecosystem enabler, ADGM has established a robust plug-and-play platform for corporate innovators, start-ups, and investors to grow and succeed. In an effort to actively drive the development of entrepreneurship, the Innovation Challenge this year will go one step further to foster innovation by providing FinTech firms and our Corporate Champions a ready platform and cash awards to build PoCs and deploy solutions on the Digital Lab.  More details on FinTech Abu Dhabi 2020 will be announced in due course.  So watch this space.” said Mr Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority of ADGM.

-Ends-

About Abu Dhabi Global Market

Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global trade and business hub serving as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

ADGM’s strategy is anchored by Abu Dhabi’s key strengths panning over private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability and more. Comprising three independent authorities: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as an IFC governs the entire 114 hectares (1.14sqkm) of Al Maryah Island which is a designated financial free zone.

It enables registered financial and non-financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on common law. Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for four consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*

For more details on ADGM, please visit www.adgm.com or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

* Source: The Global Investor Middle East and North Africa (MENA) Awards

For further enquiries, please contact:
Rawand AlQadi
media@adgm.com
0561779653

About Unbound

Founded by Daniel Seal in the UK in 2013, Unbound has grown rapidly into a powerful, trusted brand with a globally respected voice on innovation. Unbound bridges the gap, enabling a fusion of grassroots entrepreneurs, established corporate business, dynamic brands, governments and trade agencies to inspire communities and fuel a digital future. It encourages innovation by showcasing pioneering ideas and empowering entrepreneurship, creating digital ecosystems around the world. Majority owned by the Singapore Government’s Investment Company, Temasek’s wholly owned subsidiary, SingEx, Unbound, has created award-winning innovation festivals around the world.  Unbound festivals welcome the finest minds in tech to hear from future-focussed speakers, and take part in immersive brand experiences, pitch sessions and startup battles.

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.