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