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Abu Dhabi 25-08-2019
Four new financial technology startups have joined the fourth round of the Abu Dhabi Global Market Regulatory Laboratory initiative.
The four local and international companies included DAPI, Point Check Out in the UAE, Gabriel Network from Switzerland and Ecovolio from Luxembourg, selected from 14 applications from companies offering turnkey solutions. To enter the market in several areas including sustainable finance and the economy of automated interfaces, which will be tested in Abu Dhabi and the UAE market in general.
The Abu Dhabi Global Market announced the graduation of NowMoney and Pebble from the regulatory laboratory program and their success in implementing new solutions in the market.The two companies are among the startups established in the UAE, and one of the first companies to join the initiative of the regulatory market for the Abu Dhabi Global Market. .
Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, Abu Dhabi Global Market, said: “ The Abu Dhabi Global Market is seeking to support the growth of these companies and help them achieve success in their careers and aspirations. Adaptation, reformulation and updating of regulatory requirements.
