Abu Dhabi launches FinTech RegLab

Abu Dhabi Global Market (ADGM), the international Financial Centre in Abu Dhabi, has announced the launch of its Regulatory Laboratory (RegLab) with the implementation of its FinTech legislative framework.

ADGM have been pushing to make Abu Dhabi the FinTech hub of the MENA region. The RegLab is a regulatory regime for FinTech participants, designed to foster innovation within the UAE financial services market for both new market entrants and existing financial institutions.

The RegLab will allow participants to develop and test their FinTech proposition in a safe environment while not being burdened by certain regulations.

From today, the ADGM is open to applications from local and international FinTech participants and businesses to participate in the ADGM RegLab, with applications closing on 31 January 2017.

Richard Teng, CEO of ADGM, said: “We are very excited to launch the ADGM RegLab and it is encouraging that interests have been pouring in since we announced our plans. In these last eight months, we met with numerous FinTech stakeholders, local and global industry players, and global FinTech hubs to raise the profile of the FinTech community in Abu Dhabi.”

    Share Story:

Recent Stories

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.