The partnership entails jointly launching a creative platform for FinTech innovator firms to develop and test new solutions
Maqta Gateway, an Abu Dhabi Ports subsidiary, and Abu Dhabi Global Market signed a Memorandum of Understanding (MoU) to collaborate on innovation projects, technologies and knowledge transfer. The signing took place on the side-lines of the FinTech Abu Dhabi 2018, one of the leading FinTech events in the MENA region which is organized by Abu Dhabi Global Market.
The agreement aims to spur economic growth, creative thinking and entrepreneurism through setting up a platform from which FinTech innovator firms can test and launch products, services and business solutions within a regulated environment.
Both entities will exchange expertise and partner for joint innovation projects to develop and apply technologies in the areas of 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 in relation to their business activities.