ADGM’s ‘FinTech global tour’ garners strong industry support

Abu Dhabi / Emirates Business

Abu Dhabi Global Market (ADGM), the award-winning International Financial Centre in Abu Dhabi, is set to visit Shenzhen (China’s tech megacity) on August 5 and Beijing (China’s capital silicon valley) on August 7 as part of its FinTech global tour to recruit innovative FinTech start-ups to showcase their solutions at Measa’s (Middle East, Africa and South Asia) leading FinTech Abu Dhabi Festival 2019 (FinTech Abu Dhabi).
Strategically located along the Belt and Road corridor, Abu Dhabi, as the capital of the United Arab Emirates (UAE), is a natural link between the fast growing economies of China and the Measa regions. ADGM is committed to enhancing the cross-border connectivity and collaboration opportunities between the economies of China and the UAE, particularly in the area of FinTech.
As part of the FinTech Abu Dhabi global tour, the Shenzhen and Beijing roadshows include pitching sessions, networking with the local Chinese FinTech ecosystem — including startups, venture capital firms and investors, financial institutions, technology companies and government officials — to discuss ways that ADGM can support their business activities and plans. This leg of the tour in China has added significance given that one of the key themes of FinTech Abu Dhabi this year is to highlight ADGM as the Belt and Road FinTech Hub, where there will be a dedicated “Belt and Road segment” for Chinese institutions, start-ups and investors to connect with the FInTech, investment and financial community in the Measa region.
The FinTech Abu Dhabi global tour, which commenced in July, will run through to September 2019 in various cities across the world, with the objective of setting up an inclusive platform for more global participants to be part of ADGM’s FinTech ecosystem. Through the tour, ADGM will recruit the top 50 FinTech startups and talent (FinTech 50) to help solve the challenges
affecting Abu Dhabi and region.
Richard Teng, CEO, Financial Services Regulatory Authority of ADGM, said, “We are excited to have our FinTech Abu Dhabi roadshow in Shenzhen and Beijing, meeting emerging innovators and startups across the globe and connecting them to FinTech Abu Dhabi and gro-wth opportunities in the Middle East. Our roadshows are well-timed in view of our recent new partnerships with key Chinese institutions on multiple sectors including technology, FinTech, financial services and energy.”
“As part of our commitment to Belt-and-Road initiative, ADGM has been working closely with major economic hubs in China, and assisting Chinese companies including those in the FinTech space to expand in new markets. We look forward to meeting the Chinese FinTech ecosystem and welcoming them to FinTech Abu Dhabi and explore new business opportunities in Abu Dhabi and the wider Middle East region.”