Abu Dhabi Global Market Completes First Phase Of Blockchain KYC Project

Blockchain, News | December 6, 2018 By:

The Abu Dhabi Global Market (ADGM), the international financial center in the capital of the UAE, has completed the first phase of its blockchain know your customer (KYC) utility project.

The blockchain e-KYC project, launched in March 2018, was conducted by the Financial Services Regulatory Authority (FSRA) of ADGM in collaboration with a consortium of the UAE’s major financial institutions,

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FinTech Digital Sandbox Planned By Abu Dhabi Global Market

Blockchain, FinTech, News | September 19, 2018 By:

Abu Dhabi Global Market (ADGM) is planning to create a FinTech digital sandbox that will allow banks, regulators, FinTech and blockchain firms to develop and test products and solutions in a live but controlled and regulated environment.

The sandbox will be supported by regulatory standards developed by the Financial Services Regulatory Authority (FSRA) of ADGM.

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UAE Exchange Considering Ripple for Instant International Payments

Blockchain, FinTech | August 31, 2017 By:

UAE Exchange is in talks with blockchain firm Ripple for streamlining payments using blockchain technology.

UAE Exchange, one of the region’s earliest remittance operators with some 800 offices across 31 countries, is planning to introduce real-time cross-border payments. It believes that incorporating blockchain into its processes would help it cut the speed and cost of money transfers for its customers.

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