Bootcamp Day held for FinTech start-ups

Muscat: Abu Dhabi Global Market (ADGM), the award-winning International Financial Centre in Abu Dhabi, on Sunday, hosted its first ever Bootcamp Day as part of the annual Fintech Abu Dhabi 2018. The event was held under the patronage of Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council, for the second consecutive year.
Around 300 participants attended the day-long Bootcamp, launched exclusively for FinTech start-ups, which saw university students, banking institutions, global accelerators, investors and potential customers come together to network and absorb a variety of strategic topics relevant to their growth journey, from "Legal 101 for Start-ups" to "FinTech Investing".
The Bootcamp participants were also able to interact with ADGM Reglab Firms, of which 10 out of 26 firms are showcasing their cutting-edge solutions to re-imagine how firms trade cross-border, receive credit, and make payments in both conventional and Islamic finance. Their solutions aim to address the real needs of the small and medium enterprise (SME) sector and the economy. Under the support of ADGM Reglab, the start-ups are now live-testing their solutions with clients under regulatory supervision.
Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, ADGM, also announced that ADGM is on the board of advisers for the recently launched Middle East and North Africa (Mena) FinTech Association, an industry-led not-for-profit organisation.
The Mena FinTech Association has been established to champion the interests of the FinTech community, and its members include start-ups, corporates, professionals and technology firms. The association has also established bridges with global FinTech associations from more than 16 countries, creating an international and inclusive ecosystem.
FinTech Abu Dhabi Bootcamp is the pre-cursor to the FinTech Abu Dhabi Summit, which will take place on Monday until September 17, 2018, in Abu Dhabi.