HSBC to join ADGM digital lab to develop new products for financial sector – The National

HSBC to join ADGM digital lab to develop new products for financial sector – The National

HSBC, Europe's largest lender, is joining The Abu Dhabi Global Market Digital Lab, a platform for financial institutions and FinTech firms to collaborate, test and develop solutions for the financial services sector.

New solutions will be developed in a controlled environment supervised by the ADGM's Financial Services Regulatory Authority, HSBC said in a statement on Tuesday.

“HSBC is developing and deploying some of the industry’s most advanced and innovative technology to make banking easier and more secure,” said Antoine Maurel, head of markets and securities services, CEEMEA (Central and Eastern Europe, Middle East and Africa) at HSBC.