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ADGM launches new FinTech, innovation initiatives

Media IN ABU DHABI 26th-06-2019

Abu Dhabi Global Market, ADGM, has announced its upcoming launch of a new initiative, ‘FinTech 50’, and the third edition of the ‘Innovation Challenge’, as part of the FinTech Abu Dhabi Festival 2019.

The ADGM Innovation Challenge poses a set of FinTech problem statements that represent the various challenges that financial institutions, corporates, and consumers face in the UAE and the wider Middle East, Africa and South Asia, MEASA, region.

Applications to the Innovation Challenge are now open until 23rd September 2019.

Selected FinTech applicants will be invited to Abu Dhabi to showcase their solutions to potential business partners and delegates during FinTech Abu Dhabi, from 21st – 23rd October, 2019.

FinTech start-ups and scale-ups with innovative and market-ready solutions to these problem statements, and who want to expand into MEASA, are invited to apply to the Innovation Challenge and be part of the wider FinTech community.

The FinTech 50 will be given the opportunity and access to meet potential investors, partners and customers, and exhibition space at FinTech Abu Dhabi 2019.

Up to 12 finalists from the Fintech 50 will be selected by a global judging industry panel to demo their solutions on the main stage at FinTech Abu Dhabi 2019.

These finalists will have the opportunity to be matched with financial institutions and corporates in the UAE to develop Proofs-of-Concept that can be deployed in Abu Dhabi and the wider UAE.

Two of the finalists will be selected to represent the Middle East at the 2019 Singapore FinTech Festival’s Global FinTech Hackcelerator competition.

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