Central Bank of UAE to play a proactive role in promoting fintech
Government FinTech Forum hosted at FinTech Abu Dhabi Festival
Abu Dhabi: The Central Bank of UAE hosted the Government FinTech Forum in Abu Dhabi at the FinTech Abu Dhabi Festival 2020.
“Despite the changes the global economy has undergone, the UAE is committed to strengthening its position as a global financial centre and creating opportunities in the fintech sector,” said Abdulhamid M. Saeed Alahmadi, Governor. “It is encouraging to now witness the emergence of start-ups in the UAE, further reinforcing the nation’s position as the epicentre of the global fintech revolution.”
Despite the changes the global economy has undergone, the UAE is committed to strengthening its position as a global financial centre and creating opportunities in the fintech sector
The governor said CBUAE aims to play a proactive role in building an ideal environment that allows for further advancements in fintech field.
“As an International Financial Centre and regulator in Abu Dhabi, ADGM will continue to work closely with the UAE Central Bank to proactively stimulate and foster innovation that offer positive outcomes for the financial sector, as well as, safeguard the stability and integrity of our economy,” said Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of Abu Dhabi Global Market.
ADGM will continue to work closely with the UAE Central Bank to proactively stimulate innovation that offers positive outcomes for the financial sector
Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, delivered a keynote speech on the UAE’s digital transformation. The UAE banking sector’s digitalisation agenda was also discussed by Abdul Aziz Al Ghurair, Chairman of the UAE Banks Federation.