ADGM Partners with Finastra for International Fintech Hackathon ‘Hack to the Future 4’

ADGM will offer participants access to its Digital Lab, which is a “neutral” and “secure” digital environment where Fintech products and services may be tested

The Abu Dhabi Global Market (ADGM), an international financial center, has teamed up with financial software firm Finastra for its global fintech hackathon Hack to the Future 4.

The hackathon, which kicked off on March 8, 2022 and will run throughout the month until April 10, is “designed to spur collaborative action in high-impact fintech segments.”

This year’s edition “focuses on three key themes – Environmental, Social and Governance (ESG), Embedded Finance and Decentralized Finance (DeFi) – with the goal of rewarding best in class solution ideas that tackle pressing challenges in finance today.”

ADGM is supporting participants in “building their solutions by providing access to the Digital Lab, a digital environment administered by the Financial Services Regulatory Authority (FSRA) for the development of fintech products.”

Participants will be able to leverage resources “such as synthetic data, APIs, system images and reference architectures to support their prototype.”

Wai Lum Kwok, Senior Executive Director – Authorization of the FSRA at ADGM, said:

“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 centre in a vibrant jurisdiction, this aligns with our strategic goal of nurturing innovation through progressive initiatives.

Kwok added:

“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.”

Wai Lum Kwok also mentioned:

“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.”

Chirine BenZaied, Head of Innovation at Finastra remarked:

“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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