Abu Dhabi Global Market, ADGM, today hosted its first Bootcamp Day, as part of the annual Fintech Abu Dhabi 2018. The event, was held under the patronage of H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council for the second consecutive year.

Some 300 participants attended the day-long Bootcamp, launched exclusively for FinTech start-ups, which saw university students, banking institutions, global accelerators, investors, and potential customers come together to network and absorb a variety of strategic topics, from ‘Legal 101 for Start-ups’ to ‘FinTech Investing.’ Bootcamp participants were also able to interact with ADGM Reglab Firms, and of which, 10 out of 26 firms are showcasing their cutting-edge solutions to re-imagine how firms trade cross-border, receive credit, and make payments in both conventional and Islamic finance. Their solutions seek to address the real needs of the SME sector and the economy. Under the support of ADGM Reglab, the start-ups are now live-testing their solutions with clients under regulatory supervision.

Richard Teng, Chief Executive Officer of ADGM's Financial Services Regulatory Authority, also announced that ADGM is on the board of advisers of the recently launched MENA FinTech Association, an industry-led not-for-profit organisation. MENA FinTech Association was established to champion the interest of the FinTech community and its members include start-ups, corporations, professionals and technology firms. The Association has also established links with global FinTech associations from more than 16 countries.

FinTech Abu Dhabi Bootcamp is the pre-cursor to the FinTech Abu Dhabi Summit, which takes place 17th September at the Fairmont Bab Al Bahr, Abu Dhabi.

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