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FinTech Abu Dhabi Partners with UAE Banks Federation

FinTech Abu DhabiFinTech Abu Dhabi has partnered with UAE Banks Federation (UBF) as the strategic industry partner of the festival. The festival is organized by Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi and backed by Unbound.

UBF is the industry association for the UAE banking sector, representing 52-member banks. Its aim is to make the UAE banking sector grow in a sustainable way that benefits, protects and enhances the interests of banks, consumers, society and the economy of the UAE.

“FinTech AD aims to bring together 5,000 influencers and innovators who are pioneering the new wave of innovation across financial services,” it said in a statement. Through the partnership with UBF, FinTech AD will provide UBF members a platform to accelerate and showcase their digital transformation agenda and initiatives.

“… UBF is an advocator of banking sector’s digital transformation for the benefit of the wider country, and we firmly believe that technological disruption underpinned by world-class platforms like FinTech Abu Dhabi will drive the UAE and the wider region through growth periods,” said H E AbdulAziz Al Ghurair, Chairman of UAE Banks Federation.

As part of FinTech AD, ADGM will host the ‘Innovation Challenge’ where startups will seek to solve “problem statements” which represent actual challenges that financial institutions, corporates and consumers currently face in the United Arab Emirates and the wider Middle East, Africa & South Asia region.

“…FinTech Abu Dhabi will be attracting an impressive calibre of innovative entrepreneurs and FinTech companies from around the world, and we expect this strategic partnership to have a very positive impact in positioning the UAE at the forefront of banking and FinTech innovation,” said Richard Teng, Chief Executive Officer of ADGM.

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