Tue 12-09-2017 15:04 PM
ABU DHABI, 12th September, 2017 (WAM) -- Abu Dhabi Global Market, ADGM, the International Financial Centre in Abu Dhabi, and Let’s Talk Payments, LTP, have formed an alliance to enhance the FinTech ecosystem, and the growth and deployment of innovation in the Middle East and Africa, MEA, region, by opening the network and connectivity among the local, regional and international FinTech communities.
The LTP is one of the pioneers and largest players in FinTech innovation. With its MEDICI platform for collaborative innovation supported by deep independent research, the company has defined new frontiers for the FinTech ecosystem and over the last four years, it has been tracking 45+ FinTech segments.
Amit Goel, Co-Founder and Managing Director of LTP, said, "ADGM is spearheading some great initiatives to provide momentum to the growing FinTech ecosystem in the MEA region. Through our global FinTech innovation platform, MEDICI, we are very happy to have partnered with ADGM and hope to work with them closely. The MEDICI platform acts as the connective tissue between startups, financial institutions, investors and other relevant stakeholders globally. We are very excited to partner with local ecosystems in taking FinTech forward."
Through LTP’s network and deep research capabilities, FinTech innovators and partners on ADGM’s innovation platforms, including the ADGM Regulatory Laboratory, ADGM RegLab, will have access to a global support network of finance mentors, professionals, investors, financial and technological institutions. Through ADGM, the LTP network will gain strategic insights and entry to the developments and growth opportunities only available in Abu Dhabi, the whole UAE and wider emerging economies in the region.
Richard Teng, CEO, FSRA of ADGM said, "Building an inclusive and innovative FinTech ecosystem involves collaboration at every level and across every strategic value chain from startups, banking institutions, accelerators, investors and regulators, locally and internationally. As the FinTech Hub, ADGM creates the connectivity and environment for local and global Fintech stakeholders to exchange ideas and assist each other in realising their potentials in the Middle East and Africa. We look forward to joining forces with Let’s Talk Payments to roll out concrete initiatives to support the community and our FinTech ecosystem."