ADGM Partners With Corporate Champions To Improve the Innovation Challenge at Fintech Abu Dhabi

ADGM Partners With Corporate Champions To Improve the Innovation Challenge at Fintech Abu Dhabi

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to launch the fifth edition of the Innovation Challenge. Hosted as part of Fintech Abu Dhabi, the MENA region’s largest Fintech festival, the Innovation Challenge is ADGM’s flagship initiative, held to develop innovative solutions to specific financial services challenges to enable a diverse, sustainable and competitive economy. Additionally, it has also announced that 90 of the world’s most innovative Fintech startups have been confirmed to join the festival. 

ADGM’s fifth edition of the Innovation Challenge

This year, ADGM is partnering with Corporate Champions from the financial, corporate and government sectors to develop specific challenge statements for the Innovation Challenge, wherein successful Fintech applicants will have the opportunity to work alongside these entities to develop innovative solutions to these issues. The Corporate Champions include Emirates NBD, Etihad Credit Insurance, First Abu Dhabi Bank, Pearl Data Direct, The Saudi British Bank and Standard Chartered Bank.

The ADGM Financial Services Regulatory Authority (FSRA) will also sponsor a challenge statement on Suptech, which refers to the use of innovative technology by regulatory agencies, to develop a solution that allows real time oversight of client capital and investments.

Applications will be assessed against the key criteria of how well the solution addresses the challenge, the maturity and scalability