Rage may not be a pretty thing - but ignoring your feelings could make things much worse
mental health2 hours ago
Abu Dhabi Global Market (ADGM) on Monday launched a new initiative called digital sandbox, bringing together financial institutions and FinTech innovators to join hands to experiment on products and solutions in a digital platform environment.
A statement issued on Monday explained that digital sandbox will provide a marketplace for open collaboration between financial institutions, Fintech firms, and regulators to facilitate testing and adoption of innovative digital financial products and services that can benefit the industry in the region.
It also allows financial institutions to source and procure Fintech solutions locally and globally, run tests digitally on the platform, and adopt and orchestrate the best ones that meet their business needs.
In this way, Fintech firms to offer their innovative solutions to international market players, and tap cross-border market access and opportunities to grow and scale their business. Participants in the UAE and regional markets to connect with other international markets and vice versa.
Richard Teng, CEO of ADGM's Financial Services Regulatory Authority, said the objective of the digital sandbox is to help financial institutions to build deep digital capabilities to tap market opportunities, and promote financial inclusion through innovative technologies to better cater to the underserved population in the Mena region. Meanwhile, ADGM and Department of Economic Development (DED) in Abu Dhabi on Monday signed a cooperation agreement to provide more integrated support for innovators and technology enterprises across various key industries.
The new partnership will serve to enhance the innovation and technology ecosystem in Abu Dhabi particularly and the UAE in general, encouraging the growth of small and medium enterprises.
The agreement was signed by Saif Mohamed Al Hajeri, Chairman of the DED, and Ahmed Al Sayegh, Chairman of ADGM, at the FinTech Abu Dhabi Summit 2018.
Al Hajeri said that innovation has become a focal point in Abu Dhabi's plans, programmes and initiatives due to its vital role in building a knowledge-based economy and transforming new and transformative ideas into economic value promoting economic growth and development locally and nationally. - waheedabbas@khaleejtimes.com
Rage may not be a pretty thing - but ignoring your feelings could make things much worse
mental health2 hours ago
Temperatures could dip to a low of 8ºC in mountainous regions
weather2 hours ago
Apparel ranks as the most popular item among online shoppers in the Emirates, with 58% of consumers purchasing clothes online
uae4 hours ago
Life-saving interventions may lead to ovarian dysfunction—casting a shadow of uncertainty over a survivor's ability to conceive biologically
health4 hours ago
Another report also revealed that a staggering 81 per cent of residents have at least one paid entertainment subscription
uae4 hours ago
The Dance of the Tarantula and other unsung charms are yours for the asking in Puglia, Italy
travel5 hours ago
The expat says one way to define money is 'fallacy'
women and money5 hours ago
From Eminem's raps to Salman Khan's performance, there are many musical things happening
entertainment5 hours ago