OneConnect launches in the Abu Dhabi Global Market

OneConnect launches in the Abu Dhabi Global Market

OneConnect Financial Technology Co., Ltd (OneConnect), a leading Technology-as-a-Service provider for financial institutions, today announced the official launch of its regional operations in Abu Dhabi Global Market (ADGM), the leading international financial centre of the capital of the UAE. OneConnect’s addition to the ADGM family will further support the development of the fintech ecosystem and accelerate the digital transformation of financial services in the UAE and the region.

Notably, ADGM and OneConnect worked together on the creation of the ADGM Digital Lab which was launched in April 2021 as a marketplace and industry sandbox to encourage the development of fintech solutions under the guidance and supervision of the Financial Services Regulatory Authority (FSRA). The digital platform comprises a product and API marketplace where fintech firms looking to do business in the MENA region can showcase their solutions, along with sandbox elements such as synthetic data and no-code orchestration tools for product experimentation. More recently, ADGM started a project with OneConnect to develop a financing platform for small and medium enterprises (SMEs) to improve