The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM) have announced the seven winners of the fourth annual FinTech Abu Dhabi Innovation Challenge, one of the flagship initiatives of the FinTech Abu Dhabi event. Following a five-month highly competitive selection process, seven firms including Uqudo (United Arab Emirates), Market IQ (Canada), Taiger (Singapore), modefinance (Italy), FutureFlow (UK), Elucidate (Germany) and Finverity (United Kingdom) were selected from a total of 189 applications. Their solutions demonstrate innovative ideas to address the pain points of the financial service sector and focus on initiatives to promote financing for small and medium enterprises (SMEs), the digitalisation of financial services, and RegTech solutions. The winning start-ups will be assigned to work with one of five corporate champions, including First Abu Dhabi Bank (FAB), Abu Dhabi ...read more...
SourceFintechnews Middle East