Abu Dhabi’s renowned international financial center and free zone, Abu Dhabi Global Market (ADGM), is collaborating with London-based financial software company Finastra for its global fintech hackathon ‘Hack to the Future 4.’
The ongoing hackathon is designed for collaborative innovation within influential fintech segments. This year’s edition focuses on three main themes, the Environment, Society, Governance (ESG), Embedded Finance, and Decentralized Finance (DeFi), with the aim of better rewarding class solution ideas that help to meet the challenges of today’s economy.
ADGM is supporting participants by giving access to the Digital Lab, a digital environment for the development of fintech products regulated by the Financial Services Regulatory Authority (FSRA), to build their solutions. Participants will be able to support their prototype by utilizing resources such as synthetic data, APIs, system images, and reference architectures.
Wai Lum Kwok Senior Executive Director FSRA Authorization ADGM
“Hack to the Future 4 is shining a spotlight on the youth, individuals, and firms looking to redefine the future of finance to be inclusive and sustainable. As an international financial center in a vibrant jurisdiction, this aligns with our strategic goal of nurturing innovation through progressive initiatives.”
“The Digital Lab allows startups, financial institutions, academia, and government entities to test and validate innovative solutions through its secure virtual environment – solving key innovation challenges including lengthy due diligence processes and access to financial sandbox infrastructure,” Mr. Lum Kwok added.
The Senior Executive Director further stated that “We are pleased to share the technical resources of our Digital Lab to provide participants with the necessary tools in developing their ideas, and ensuring they maximize the benefits of this important hackathon. We welcome all initiatives, such as Finastra’s Hack To The Future 4, that support the future of finance.”
Meanwhile, Mr. Chirine BenZaied, Head of Innovation at Finastra remarked that “With our hackathon, we want to ignite a world of financial sustainability, inclusion, and autonomy. We’re calling for fintechs, banks, students, and more to come forward with innovative ideas. The event is open to all. We believe everyone has a role to play in redefining the future of finance.”
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