Magazine article Global Finance

Abu Dhabi and Singapore Test Cross-Border Sandbox

Magazine article Global Finance

Abu Dhabi and Singapore Test Cross-Border Sandbox

Article excerpt

The Abu Dhabi Global Market (ADGM) and Singapore-based ASEAN Financial Innovation Network (AFIN) have set up the first common regulatory sandbox to enhance international collaboration around fintech and push for positive cross-border synergies.

The new sandbox is a cloud-based digital space where entrepreneurs, start-ups, banks and other financial bodies can experiment with new technologies, test ideas and share data in a secure and regulated environment.

The Anglo-Gulf Trade Bank-an ADGM-registered lender-tested the sandbox during the Singapore Fintech Festival in November. …

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