Abu Dhabi Global Market & UAE Exchange join forces

Partnership enables knowledge transfer, joint FinTech development

Staff Report
16:17 August 12, 2017

Abu Dhabi

UAE Exchange has partnered with Abu Dhabi Global Market (ADGM to support, develop and promote the FinTech ecosystem in Abu Dhabi and the UAE.

The Memorandum of Understanding was signed by Promoth Manghat, Chief Executive Officer of UAE Exchange Group, and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority (FSRA) of ADGM.

The partnership will see UAE Exchange collaborate with FinTech participants under ADGM’s Regulatory Laboratory (RegLab) to develop and deploy promising FinTech solutions in the remittance, foreign exchange and payments space.