The Abu Dhabi Global Financial Services Regulatory Authority (ADSM) today announced the publication of the regulatory framework for digital investment managers, known as automated consultants, within the Abu Dhabi Global Market.
Digital investment managers provide their services with tools and technologies based on algorithms that enable them to interact with technology-savvy customers, as well as deliver cost-effective, scalable services to customers. Digital investment managers can play a critical role in enhancing financial inclusion and offering a wide range of options to investors in the Middle East and Africa. As part of its efforts to support the sector, the Financial Services Regulatory Authority has prepared a guidance manual to clarify the ways in which its regulatory framework applies to these companies and the role of automated advisors in improving the efficiency of these services in the Abu Dhabi Global Market.
"Automated consultants are a financial technology based on artificial intelligence tools and data analytics and have great potential to improve investment decision making in the Middle East and Africa," said Richard Teng, Chief Executive Officer, Financial Services Regulatory Authority, Abu Dhabi Global Market. Facilitate the work of digital investment companies within the Abu Dhabi Global Market and provide investors with access to a wider range of investment tools to help them achieve their financial goals We look forward to receiving more companies working in the field of Warren robot, which seeks to establish a presence in Abu Dhabi global market and supporting investors, providing innovative solutions. "