🌟 Team #Haifin is over the moon to share some incredible news from #Davos! We’ve been selected by the World Economic Forum, in partnership with the Ministry of Finance, UAE and the Abu Dhabi Department of Economic Development, for their first-ever #TradeTech #Regulatory #Sandbox. This initiative is designed to drive #regulatory #innovation in cross-border digital trade. 🏆 haifin, an e& enterprise company, "will focus on digitizing bank guarantees using blockchain and root hash technology to enhance efficiency and transparency in trade finance". After a rigorous selection process, we’re honored to stand among other pioneering companies in the inaugural cohort of the Sandbox. Exciting time ! e&, e& enterprise ADGM (Abu Dhabi Global Market) Central Bank of The UAE Dubai Financial Services Authority (DFSA) Ministry of Cabinet Affairs's RegLab UAE Banks Federation Al Masraf ADIB - Abu Dhabi Islamic Bank Abu Dhabi Commercial Bank Commercial Bank International Commercial Bank of Dubai Dubai Islamic Bank First Abu Dhabi Bank (FAB) Habib Bank AG Zurich Invest Bank Mashreq Corporate & Investment Banking Group National Bank of Fujairah RAKBANK Sharjah Islamic Bank United Arab Bank Beehive Fintech CredibleX DP World Finneva #Innovation #AI #Cybersecurity #EventCountdown #Foresight #EmergingTrends #Innovation #Quantum #Fintechnews #UAETradeConnect #Digitisation #Interoperability #Artificialintelligence #Machinelearning #Blockchaintechnology #Globaltrade #Hyperledger #Cocreation #Powerofnetwork #Innovation #supplychainfinance #TradeFinance #FinancialInnovation #Collaboration #Partnership #InnovationInFinance #StrategicCollaboration #FinanceIndustry #FinancialLeadership #FCI #ITFA #ICC #BAFT #GTR #ISO #UAEbanks #UAE *haifin is an ISO/IEC 27001 : 2022 certified company
🌍💡 Announcing the First Cohort of the TradeTech Regulatory Sandbox! We are excited to share that the World Economic Forum, in partnership with the Ministry Of Economy, UAE (MoE) and Abu Dhabi Department of Economic Development (ADDED), is launching its first TradeTech Regulatory Sandbox to drive regulatory innovation in cross-border digital trade! After a rigorous selection process, we are thrilled to introduce the eight pioneering companies that have been selected for the first cohort of the Sandbox. These companies will work closely with regulators in the UAE to test and refine solutions that address key challenges in global trade finance: 🏆 Credore™️ (India): Digitalizing trade documentation & enabling trade finance using MLETR guidelines. 🏆 Enigio (Sweden): Facilitating digital trade transactions, including Letters of Credit & Guarantees, with MLETR compliance. 🏆 Jetstream (Ghana): Improving credit decisioning for UAE-Africa trade through digitized Bills of Lading & financial records. 🏆 IOTA (Germany): Tokenizing KYC & digital identity processes for trade finance using DLT. 🏆 Empeiria (UAE): Developing a blockchain-based Self-Sovereign Identity solution for verifiable data & decentralized credential management. 🏆 Medad Holding LLC Holdings (UAE): Building a stablecoin for seamless cross-border payments, addressing currency challenges in key regions. 🏆 haifin, an e& enterprise company (UAE): Digitizing bank guarantees using blockchain & root hash technology for enhanced efficiency. 🏆 VOY Finance (Estonia): Connecting DeFi liquidity with digital lending & settlement for tokenized net-zero trade, with a focus on SME inclusion. 💡 Tech Enabler: The Sandbox will be powered by NayaOne, which will provide the digital sandbox environment, enabling seamless testing and regulatory experimentation. Thanks to our regulatory partners: 📌 ADGM (Abu Dhabi Global Market) 📌 Central Bank of the United Arab Emirates (CBUAE) 📌 Dubai Financial Services Authority (DFSA) 📌 Ministry of Cabinet Affairs's RegLab This first cohort marks a significant step toward enhancing digital trade infrastructure through real-world regulatory collaboration. Looking forward to seeing these companies shape the future of sustainable, inclusive, and efficient global trade! The solutions tested by these companies will be presented during a plenary session at the TradeTech Forum in Abu Dhabi on April 8 – pre-registration is open now! https://lnkd.in/eq9qn3FQ #TradeFinance #RegulatorySandbox #TradeInnovation #TradeTech #WEF25 #UAE #WEF Nitin Sharma Tim Stekkinger Mario Canales Jimena Sotelo Alexandre Marchand Sean Doherty