Abu Dhabi Global Market regulator FSRA inks MoU with Flat6Labs for fintech.
A synergy has been announced in the United Arab Emirates (UAE) by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), with UAE-based Flat6Labs – a fintech Accelerator that supports entrepreneurship in the region.
Aimed at supporting the fintech eco-system in Abu Dhabi, the two parties signed a Memorandum of Understanding (MoU) last Wednesday on the basis of helping support the development of technology and innovation within the local ADGM financial services community and beyond.
We are glad to welcome Flat6Labs as one of our strategic partners in establishing the FinTech eco-system in the UAE
Supporting fintech in UAE
Commenting in an official statement regarding the deal, Richard Teng, CEO, Financial Services Regulatory Authority of ADGM, said: “We are glad to welcome Flat6Labs as one of our strategic partners in establishing the FinTech eco-system in the UAE. As an Abu-Dhabi based establishment, Flat6Labs is well recognised as a successful, committed and experienced technology accelerator in the region."
Mr. Teng added: “More importantly, Flat6Labs shares our desire in fostering a vibrant entrepreneurial environment to support the growth of FinTech in the region. We look forward to launching new initiatives with Flat6Labs in the near future.”
RegLab Proposal
The news follows after ADGM announced a proposal that seeks comments by June 13th on the creation of a regulatory laboratory (RegLab) which was described as the first of its kind across the Middle East and North Africa (MENA) region, according to an official statement from FSRA.
The proposed framework would provide firms with the ability to carry out their activities within a controlled and cost-effective environment, similar to a regulatory sandbox, in order to help foster innovation while keeping abreast of the regulatory needs that can arise from new fintech creations.
Accelerator collaboration
Victor Kiriakos, Managing Director (MD) of Flat6Labs in Abu-Dhabi, commented in the official statement: “We are glad to work closely with ADGM in order to create and grow the Fintech ecosystem in Abu Dhabi and the UAE. Part of our mission is to accelerate entrepreneurship in the MENA region and to successfully execute this mission, we require a collaborative mindset and we are very glad to have found in ADGM a partner that values collaboration.”
The news follows after a leading banking institution in UAE, Emirates NDB, announced a fintech synergy with Germany-based Open Bank Project, as reported by Finance Magnates in early March this year.
A synergy has been announced in the United Arab Emirates (UAE) by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), with UAE-based Flat6Labs – a fintech Accelerator that supports entrepreneurship in the region.
Aimed at supporting the fintech eco-system in Abu Dhabi, the two parties signed a Memorandum of Understanding (MoU) last Wednesday on the basis of helping support the development of technology and innovation within the local ADGM financial services community and beyond.
We are glad to welcome Flat6Labs as one of our strategic partners in establishing the FinTech eco-system in the UAE
Supporting fintech in UAE
Commenting in an official statement regarding the deal, Richard Teng, CEO, Financial Services Regulatory Authority of ADGM, said: “We are glad to welcome Flat6Labs as one of our strategic partners in establishing the FinTech eco-system in the UAE. As an Abu-Dhabi based establishment, Flat6Labs is well recognised as a successful, committed and experienced technology accelerator in the region."
Mr. Teng added: “More importantly, Flat6Labs shares our desire in fostering a vibrant entrepreneurial environment to support the growth of FinTech in the region. We look forward to launching new initiatives with Flat6Labs in the near future.”
RegLab Proposal
The news follows after ADGM announced a proposal that seeks comments by June 13th on the creation of a regulatory laboratory (RegLab) which was described as the first of its kind across the Middle East and North Africa (MENA) region, according to an official statement from FSRA.
The proposed framework would provide firms with the ability to carry out their activities within a controlled and cost-effective environment, similar to a regulatory sandbox, in order to help foster innovation while keeping abreast of the regulatory needs that can arise from new fintech creations.
Accelerator collaboration
Victor Kiriakos, Managing Director (MD) of Flat6Labs in Abu-Dhabi, commented in the official statement: “We are glad to work closely with ADGM in order to create and grow the Fintech ecosystem in Abu Dhabi and the UAE. Part of our mission is to accelerate entrepreneurship in the MENA region and to successfully execute this mission, we require a collaborative mindset and we are very glad to have found in ADGM a partner that values collaboration.”
The news follows after a leading banking institution in UAE, Emirates NDB, announced a fintech synergy with Germany-based Open Bank Project, as reported by Finance Magnates in early March this year.
Mastercard Teams Up with Fintech Startups to Accelerate Digital Payment Solutions
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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