Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is gearing up for its inaugural global FinTech Abu Dhabi event which will be taking place in just ten more days on 22 to 23 October 2017. The FinTech Abu Dhabi Summit is a two-day by-invitation-only event that encompasses a high-level regulators’ roundtable, a global Innovation Challenge Demo Day represented by an international fleet of mature FinTech firms, ADGM’s first batch of RegLab FinTech startups, and an exciting Summit featuring distinguished local, regional and international leaders from the global FinTech industry. FinTech Abu Dhabi Summit, under the patronage…

AAbu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announced that it had received 166 applications from over 39 countries for its inaugural FinTech Abu Dhabi Innovation Challenge. The impressive global participation was achieved in under two weeks of outreach activities coordinated by both ADGM and KPMG. All applicants have proposed game-changing innovations that address real-life business issues which affect the financial services industry in the Middle East, Africa and South Asia (MEASA) region. They have also included solutions that cover a range of concepts including Financial and Investment Management, Financial Inclusion, RegTech, Trade Finance, InsurTech and…

Fintech is gaining steam in Iran as the country’s central bank, financial institutions and government agencies are taking steps to make Tehran a regional hub for financial innovation. This comes as part of the Iran Vision 2025, which seeks to turn Iran into a developed country by 2025, as well as “the first economic, scientific and technological power of the region.” As part of the plan, the Central Bank of Iran (CBI) has proposed its 2025 Roadmap which aims for the development of a strong future for the banking system. The roadmap is set to define an appropriate role for fintech companies…

While places like the US, the UK and China have long been leaders in digital finance, new fintech companies are starting to pop up in unexpected locations such as Poland, Slovakia, as well as the Middle East, underscoring fintech’s global diversity. One of these places is Qatar, where Omar Mahmood, partner and head of financial services at KPMG in Qatar, said there’s been a significant push to promote the country as a regional fintech hub. “Qatar offers the right regulatory environment, extremely competitive operating costs, government support, funding support and a ready financial services sector to work with,”he said. he said. “We…