Abu Dhabi Securities Exchange Opens Involvement at FinTech by Participating at the Investment Forum

Press release
Published October 21st, 2019 - 08:05 GMT
The Exchange to play a leading role as Fintech Platinum Partner
The Exchange to play a leading role as Fintech Platinum Partner
Highlights
Abu Dhabi Securities Exchange (ADX) opened its involvement at FinTech Abu Dhabi 2019 by participating as a panellist at FinTech Investment Forum.

Abu Dhabi Securities Exchange (ADX) opened its involvement at FinTech Abu Dhabi 2019 by participating as a panellist at FinTech Investment Forum. Held under the Patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council, the two-day event will run from the 21st to 23rd October at the Abu Dhabi National Exhibition Centre (ADNEC).

As FinTech Platinum Partner, ADX will play a leading role this year as an active participant at a variety of sessions, as well as hosting a large booth showcasing its recently unveiled new digital platforms. H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, will deliver a keynote speech at the opening session of the event on Tuesday.  ADX will also participate in two panel discussions, the first of which will be held on Monday under the title ‘Global Investment’ and the second will be held on Tuesday under the title ‘Employing Global Financial Technology Locally’.

Commenting on this participation, H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX said “Our appearance at FinTech Abu Dhabi aims to deepen public awareness about ADX and highlight the extensive range of e-services and e-products for our stakeholders to demonstrate our value to them.”

His Excellency continued: “FinTech has been described by the World Economic Forum as a tool that makes investment more accessible and our partnership with this event is focused upon broadening our appeal to current and potential customers, achieved through ADX’s Digital Transformation Program. Our active participation at Fintech Abu Dhabi will showcase the way the Exchange’s products and services are deepening transparency while increasing return on investment and making it easier for investors to do business in Abu Dhabi.”

ADX’s new digital platforms and e-services products will serve to enhance transparency and ease of doing business by removing barriers and costs. These initiatives are part of the Exchange’s customer-centric focus, providing an enhanced digital experience to investors and boosting its performance as a leading global exchange empowering the UAE economy. 

ADX’s implementation of its tailored digital acceleration strategy is interlinked with the Abu Dhabi government’s digital transformation strategy. ADX interacts with various global financial institutions to share experiences and review the market evolution, its products, and the various services it provides to investors around the world.

ADX’s Digital Transformation Program provides the Exchange with the opportunity to expand its e-products and e-services scope. Three of ADX’s flagship digital products will be on display at FinTech - ADX Digital Wallet powered by Payit, Arqam artificial intelligence platform and Sahmi digital platform. All of these digital solutions make essential contributions towards advancing ADX’s status as one of the most advanced and smart digital exchange in the MENA region.

The outstanding participation of ADX in the current edition of FinTech Abu Dhabi 2019 comes as it is the MENA’s leading Fintech event which brings together 5,000 influencers and innovators, who are pioneering the new wave of innovation across financial services. ADX decided to actively participate to this year’s edition that is one of the best platforms for the Exchange to reach core stakeholders.

Background Information

Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on 15th of November 2000 by Local Law No. (3) of 2000, the provisions of which vests the Market with a legal entity of autonomous status, independent finance and management, and gives ADX the necessary supervisory and executive powers to exercise its functions.

Moreover, ADX has the authority to establish centers and branches outside the Emirate of Abu Dhabi, and so far it has done so in Al Ain, Zayed City, Fujairah, Ras Al Khaimah and Sharjah.

ADX's board of directors is comprised of seven members nominated by Amiri Decree. The members of the board hold office for a term of three years. The first board of directors was constituted by Amiri Decree No. (8) of 2000.

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