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Sat 24 Aug 2019 10:28 AM

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How Abu Dhabi aims to find world's best FinTech talent

FinTechAD Tour adds more cities to tour of global financial hubs to identify the most exciting FinTech start-ups

How Abu Dhabi aims to find world's best FinTech talent

FinTech Abu Dhabi, the FinTech festival hosted by Abu Dhabi Global Market (ADGM), has announced that it will be reaching even more cities ahead of the main event in the UAE capital in October.

The FinTechAD Tour, which is co-organised by the ADGM and Unbound, is visiting global financial hubs to identify the most exciting FinTech start-ups and talent in the world, a statement said.

New tour dates have been added to the global itinerary including Frankfurt (September 9), Milan (September 10), Luxembourg (September 12), Amman (September 15), Cairo (September 16), Riyadh (September 17) and Casablanca (September 19).

The winners of each leg of the FinTechAD Tour will form part of the FinTech 50 which includes pitching their solutions to an international audience of financial institutions, regulators, corporates and media at ADGM's flagship event on October 21-23.

FinTech 50 firms can also enter the FinTechAD Innovation Challenge where FinTech firms are selected to solve real industry issues and problem statements affecting Abu Dhabi and the region.

Selected winners of the FinTechAD Innovation Challenge will also benefit from the opportunity to relocate their business to Abu Dhabi and qualify for various entrepreneur support programmes, funding schemes, and collaborative projects with corporate champions to scale and deploy their solutions out of Hub71 – the tech hub in ADGM.

Winners of the completed FinTechAD Tour stages to date, who have secured their places at the FinTech Abu Dhabi Festival include the UK's StepLadder, a digital savings tool, Rwanda's Akokanya, an online ticketing platform, Singapore's Deepscope, an AI and machine learning tool that analyses the stock market, and Azerbaijan's Cryptoyote, an AI-powered platform for cryptocurrency traders.

Ultimately, the tour will visit 18 cities across Asia, Europe, the Middle East and North Africa.

Wai Lum Kwok, senior executive director (Capital Markets), Financial Services Regulatory Authority of ADGM, said: "ADGM is excited that FinTech AD Tour has been gaining strong traction and support globally and in the various cities. The calibre of participating FinTech companies and entrepreneurs has been very impressive and it reveals how advanced and innovating the respective FinTech communities in each city that we have toured.

"ADGM is committed to do what it takes to nurture emerging tech and FinTech enterprises to thrive and grow locally in Abu Dhabi and globally. We look forward to meeting up with more FinTechs in the new cities soon."

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