Home UAE Abu Dhabi Abu Dhabi Global Market signs fintech agreement with Israel Securities Authority The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent by Varun Godinho November 19, 2020 The Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) has signed a fintech cooperation agreement with the Israel Securities Authority (ISA) on Wednesday, November 18. The agreement provides a framework for information sharing, and for facilitating the movement of startups, and transfer of knowledge and talent between the two jurisdictions. With this new partnership, the ADGM FSRA and the ISA will promote economic growth in financial services through the adoption of new technology and by strengthening their respective fintech sectors. The agreement will facilitate the exchange of information on trends, services and products, as well as encourage collaborative development of fintech initiatives between the ADGM FSRA and the ISA. Both jurisdictions will also engage in accelerator programmes and the development of technologies including digital payments and blockchain, which are fundamental elements to the growth of the fintech sector. Also, startups operating within the fintech space within the two jurisdictions will have a common point of contact when they seek to access information or work on collaborations. “Following the signature of the historic Abraham Accords, we are excited to enter this fintech Cooperation Agreement with the ISA,” said Richard Teng, CEO of the ADGM FSRA. “From our close discussions with the Israel Securities Authority, in particular during the FinTech Abu Dhabi Festival, it is clear that both authorities value the importance of collaboration and mutual support.” Tags Abu Dhabi Global Market Financial Services Regulatory Authority Economy finance Fintech Israel Israel Securities Authority News UAE 0 Comments Share Tweet Share Share You might also like Video: Dubai Customs seize over 663kgs of drugs including crystal meth, heroin, opium and cannabis GCC Covid-19 update: UAE reports 1,297 cases, 4 deaths Dubai’s Emirates processes 1.7 million refund requests; returns $1.7bn to customers What can the UAE and Bahrain do to attract Israeli travellers?