Article: ADGM rolls out framework to regulate open banking platforms

Money, Open Governance

ADGM rolls out framework to regulate open banking platforms

The Financial Services Regulatory Authority of Abu Dhabi Global Market introduced a new regulatory framework to supervise financial technology companies providing third-party services to customers, the financial free zone said.

Third-party providers (TPPs) are companies that act as intermediaries between customers and financial institutions to help users manage their data more effectively when performing financial transactions, ADGM said in a statement on Thursday.

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Article: Urban Company, partner create open-source ESOP framework for startups

Free, Libre, Open Software, Open Source

Urban Company, partner create open-source ESOP framework for startups

Urban Company, India and the UAE’s largest tech-enabled home services marketplace, has open-sourced a specially crafted ESOP (employee stock ownership plan) policy for startups in collaboration with MyStartupEquity, a platform of venture capital firm LetsVenture.

Urban Company, which is backed by Accel Partners, Ratan Tata, and Flipkart CEO Kalyan Krishnamurthy, said the framework is available free. With ESOP implementation generally being a tedious process, the framework aims to guide startups and other on structuring terms and conditions.

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