Joint creative plat­form for fin­tech in­no­va­tor firms to de­velop and test new so­lu­tions

Network Middle East - - CONTENTS -

Maqta Gate­way, Abu Dhabi Global Mar­ket boost lo­cal Fin­tech in­no­va­tors

Maqta Gate­way, an Abu Dhabi Ports sub­sidiary, and Abu Dhabi Global Mar­ket will jointly set up a plat­form on which fin­tech in­no­va­tor firms can test and launch prod­ucts, ser­vices and busi­ness so­lu­tions within a reg­u­lated en­vi­ron­ment.

The two or­gan­i­sa­tions signed a MOU on the side­lines of the Fin­tech Abu Dhabi 2018, or­gan­ised by Abu Dhabi Global Mar­ket (ADGM).

Both en­ti­ties will ex­change ex­per­tise and part­ner for joint in­no­va­tion projects to de­velop and ap­ply tech­nolo­gies in dig­i­tal and mo­bile pay­ments, blockchain and dis­trib­uted ledgers, flex­i­ble plat­forms (API), among oth­ers. The part­ner­ship fur­ther en­tails es­tab­lish­ing knowl­edge trans­fer pro­grammes, fa­cil­i­tat­ing the sourc­ing of project part­ners or spon­sors and help­ing fin­tech en­trepreneurs on un­der­stand­ing com­mer­cial or reg­u­la­tory re­quire­ments re­lated to their busi­nesses.

Dr Noura Al Dha­heri, CEO of Maqta Gate­way, says the com­bin­ing of the re­spec­tive re­sources and ex­per­tise will al­low ADGM and Maqta Gate­way to bet­ter sup­port en­trepreneurs and in­no­va­tors. “Our part­ner­ship with ADGM’S Fi­nan­cial Ser­vices Reg­u­la­tory Author­ity (FSRA) al­lows us to sup­port and en­hance dig­i­tal com­mu­nity and in­no­va­tors,” she adds.

In­au­gu­rated in Oc­to­ber 2017, Maqta Gate­way set out to re-de­fine Abu Dhabi’s trade ser­vices, pro­cesses and in­for­ma­tion ex­change.

Joint projects will de­velop and ap­ply tech­nolo­gies in dig­i­tal and mo­bile pay­ments, blockchain, among oth­ers

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