YES Bank has entered into an MoU with Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi to further foster cross-border exchange between the fintech ecosystems of the UAE and India. The collaboration will enable fintech innovators from the Middle East region and India to apply into YES fintech programs and the ADGM’s Regulatory Laboratory (RegLab) and have the opportunity to expand into each other’s markets. Rana Kapoor, MD and CEO, YES Bank, said Abu Dhabi has emerged as a prominent regional financial hub and like India has prioritized financial technology as a key enabler of competitive advantage. The 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.
