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Media In – Abu Dhabi
The first event of the second edition of the Abu Dhabi Financial Technology Summit (FITEC Abu Dhabi 2018), organized by the Abu Dhabi Global Market, was held under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice President of the Executive Council of Abu Dhabi. His Highness Sheikh Hazza Bin Zayed Al Nahyan highlighted the importance of the Abu Dhabi Financial Technology Summit (Fintec Abu Dhabi 2018) for its second edition, which was dedicated to emerging financial technology companies in the presence of 300 participants from emerging companies, university students, banking institutions, business accelerators, investors and those interested in financial technology. “Abu Dhabi 2018 is looking at innovation in the provision of financial services to enhance Abu Dhabi’s role as a global platform for converging experiences, converging ideas and devising solutions to the challenges facing this vital sector that interests a large segment of the world,” he said. . Richard Teng, Chief Executive Officer, Financial Services Regulatory Authority, said: “This event aims at supporting and assisting emerging financial technology companies with the tools and strategic knowledge that will enable them to deal with the practical requirements of doing business. The market has joined the advisory board of the Financial Technology Association of the Middle East and North Africa (MENA), a non-profit entity that was recently launched to meet the aspirations and needs of the region’s financial technology community, including emerging-market members, financial institutions, experts, technology specialists and technology companies. He also announced that the Middle East and North Africa Financial Technology Association will be launched to help bring the financial technology community together and to be an integrated, non-profit entity led by the financial technology stakeholders to meet the needs and aspirations of the financial technology community. Communicate with financial technology associations in 16 countries to join the association. He emphasized the significant impact of financial technology in the financial sector and the growing role it plays in providing many opportunities for start-ups, institutions and government bodies. “According to the MENA Middle East and North Africa Finance Report, Investments of about $ 560 million were channeled to more than 260 emerging companies in the region in 2017.
