ADGM, MAS sign cooperation deal

The Abu Dhabi Global Market (ADGM) and the Monetary Authority of Singapore (MAS) on Wednesday signed a cooperation agreement to foster closer cooperation on developments and initiatives that nurture FinTech entrepreneurship and support innovation in financial services in both Singapore and Abu Dhabi.

This new partnership will develop robust FinTech ecosystems that support the needs of the financial industry and promote innovation in their respective markets. The agreement was signed by Richard Teng, CEO, FSRA of ADGM, and Sopnendu Mohanty, chief FinTech officer of MAS.