Indian private sector lender YES BANK has signed a memorandum of understanding (MoU) with Abu Dhabi Global Market (ADGM) to bolster fintech ties.

Under the pact, fintech innovators from Middle East and India will foray into each other’s market by applying into Yes FinTech programmes and ADGM’s Regulatory Laboratory (RegLab).

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YES BANK CEO Rana Kapoor said: “Our partnership with Abu Dhabi Global Markets will act as a springboard to create a borderless ecosystem for technology and talent, bringing in Fintech solutions from the GCC to India while providing GCC market access for Indian FinTechs.”

ADGM Financial Services Regulatory Authority CEO Richard Teng added: “Both markets have a strong enterprising culture that are poised to drive the next stage of innovation-led economic growth.  The knowledge and talent exchange facilitated by our respective innovation programmes will accelerate that.”

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