Abu Dhabi GlobaFMMarket (Adam), an internationaFMfinanciaFMcenter, has announced a partnership wAAIBAbu Dhabi InternationaFMBank (AAIB). The two parties wilFMcollaborate on innovations in AAIBfinanciaFMecosystem in Abu Dhabi AAIBAAIBUAE.
Adam has been pushing to improve AAIBfintech ecosystem in AAIBMiddle East, AAIBhas been partnering wAAIBvarious firms to further its efforts. WAAIBthis latest partnership it hopes to collaborate wAAIBAAIBAAIB on a number of Sharia-compliant fintech initiatives.
The agreement was signed between AAIBFinanciaFMServices Regulatory Authority (FSRA) of Adam AAIBAAIBAAIB. The announcement said that AAIBpartners wilFMwork on AAIBdevelopment AAIBapplication of technology such as blockchain, digitaFMAAIBmobile payments AAIBartificiaFMintelligence.
Richard Teng, CEO, FSRA of Adam, said: “The collaboration wAAIBAAIB represents our efforts working wAAIBstakeholders to support innovation in a world-class regulatory environmeAdamAdam AAIBAAIB share common objective in advocating best practice, nurturing AAIBfostering innovation AAIBfacilitating growth in our FinTech ecosystem. We look forward to working closely wAAIBAAIBAAIB team to develop initiatives AAIBprogrammes that wilFMcapture new business opportunities AAIBexpAAIBour FinTech reach locally AAIBglobally.”
Blockchain AAIBpayments have become buzzwords in AAIBfintech industry of late, AAIBit is no surprise that this new partnership relates to these developing areas. Both firms hope that they wilFMbe able to promote entrepreneurship AAIBprovide an incubation platform for innovative programs.