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The Central Bank of the UAE (CBUAE) announced on Wednesday the launch of the CBUAE FinTech Office during FinTech Abu Dhabi 2020. Image Credit: Ahmed Kutty/Gulf News Archives

Dubai: The UAE Central Bank is setting up a FinTech Office to put together a support framework for the latest in financial services.

“The UAE is no longer on the fringes of the global fintech revolution but moving toward the centre of it," said Abdulhamid M. Saeed Alahmadi, the Governor. "At the CBUAE, we have played a proactive role to build a mature fintech ecosystem in the country,”

The CBUAE FinTech Office will work with the industry and regulatory authorities to take on digital transformation whilst promoting a "culture of robust risk management".