Temenos has teamed up with Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi to collaborate and strengthen the FinTech ecosystem in Abu Dhabi.
Temenos will support the ADGM FinTech Innovation Centre, a physical hub where fintech communities can come together to foster collaboration and innovation in financial services.
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A key aspect of the collaboration will see Temenos provide a sandbox service to the start-ups residing at the Innovation Centre. This sandbox, a non-production cloud-based version of Temenos core banking system, will enable start-ups to integrate their solutions with banking data and functionality as well as to test them for scalability and robustness.
Jean-Paul Mergeai, Temenos Managing Director for Middle East & Africa said “We are excited to be working with the ADGM on its Innovation Centre. We passionately believe in supporting the communities around us, in promoting innovation and in fintech.
“The Temenos MarketPlace is founded on the notion that bringing together banks and fintechs is a win-win situation and we hope that by working with ADGM we can foster the fintech scene in UAE as well as offer a route to market to the most successful start-ups.”
Richard Teng, CEO of ADGM’s Financial Services Regulatory Authority added, “We are thrilled to partner with Temenos in the development of the FinTech ecosystem for the region. This will enable our RegLab and FinTech firms to collaborate with banks to test and develop innovation in a wide spectrum of financial services that would benefit UAE and the region.”
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