Wednesday 11, October 2017 by William Mullally

ADGM and Yes Bank collaborate on fintech

Mr. Rana Kapoor, Chief Executive Officer, YES BANK, said, “Abu Dhabi has emerged as a prominent regional financial hub and like India has prioritised financial technology (Fintech) as a key enabler of competitive advantage. Our partnership with Abu Dhabi Global Markets will act as a springboard to create a borderless ecosystem for technology and talent, bringing in Fintech solutions from the GCC to India while providing GCC market access for Indian FinTechs. India can also benchmark the Regulatory Lab set up by ADGM, in its efforts to further scale up the Indian Fintech ecosystem.”

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and YES BANK have signed an MOU to further foster cross-border exchange between the FinTech ecosystems of the UAE and India.  The collaboration will enable FinTech innovators from the Middle East region and India to apply into YES FinTech programmes and the ADGM’s Regulatory Laboratory (RegLab)* and have the opportunity to expand into each other’s markets.

Mr. Rana Kapoor, Chief Executive Officer, YES BANK, said, “Abu Dhabi has emerged as a prominent regional financial hub and like India has prioritised financial technology (Fintech) as a key enabler of competitive advantage. Our partnership with Abu Dhabi Global Markets will act as a springboard to create a borderless ecosystem for technology and talent, bringing in Fintech solutions from the GCC to India while providing GCC market access for Indian FinTechs. India can also benchmark the Regulatory Lab set up by ADGM, in its efforts to further scale up the Indian Fintech ecosystem.”

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