The challenge
Are you a young innovator eager to help transform the future of digital banking?
Join us for the second edition of the NBB Digital Banking Challenge, held in strategic partnership with the National Bank of Bahrain and Bahrain FinTech Bay. This year, we're diving deep into the future of digital banking, empowering youth to drive innovation in digital banking.
The challenge will be divided into three phases:
PHASE 1
Oct 3 - Nov 7
Application period
You have the option to apply individually or as a team. If you apply individually, you will be grouped into teams before the bootcamp starts. Teams will be carefully curated based on participants' skillsets to foster collaborative solution development during the incubation period.
Nov 22 - 23
Bootcamp
Dec 1 - 5
Top teams selection
During the 2-day bootcamp, which will occur over a weekend, teams will engage with NBB's key teams through immersive sessions.
Following the bootcamp, teams will submit a short video pitching their proposed solutions. The NBB and BFB teams will select the teams that will move forward.
Objective: Develop innovative solutions that align with NBB’s sustainability pillars, driving the bank’s digital transformation journey forward.
PHASE 2
Dec 8 - Jan 16 | 6-week Incubation Period
Shortlisted teams will be guided to further develop their ideas and build a strong pitch deck to be presented at the Demo Day. This phase will consist of three tracks: the entrepreneurship track, the NBB track, and the mentorship track.
The entrepreneurship track: Sessions designed to educate and guide participants at the early stages of developing their business idea.
The NBB track: group sessions and one-on-one meetings with NBB mentors.
The mentorship track: Weekly one-on-one sessions and pitch practice with the BFB team.
PHASE 3
Jan 28 | Demo Day
The teams will deliver their final proposal pitches and showcase working product prototypes to NBB's panel of judges. The top three winning teams will receive prize money, internship opportunities at NBB and BFB, and a three-month incubation at Bahrain FinTech Bay.
Who can join
Occupation:
University student or graduate
Age:
18 - 24
Skillset:
Technical or non-technical skills
Nationality:
Bahraini or resident
Get the chance to win
Prize money
Internship opportunities at NBB and BFB
3-month incubation at Bahrain FinTech Bay
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Privacy PolicySafeguarding your privacy is important to us. Bahrain FinTech Bay is committed to maintaining your trust by protecting personal information that we collect and use. This Privacy Policy describes how Bahrain FinTech Bay collect, use, and disclose your personal information in connection with any website, application, or other service that refers to or links to the Policy (collectively, our “Services”). Please read the Policy carefully before you use our Services. You should not use our Services if you are not comfortable with what is stated below, and your continued use of Services constitutes consent to the Policy and the use and sharing of your information as provided herein.
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Personal Information We CollectWe collect various types of personal information in connection with the Services, namely: information you provide us directly; information we collect about your device(s) and your use of our Services, including through cookies, web beacons, and other internet technologies; and information we obtain from third-party sources. Personal Information You Provide Us Directly We collect various types of information and content that you provide us directly. In order to enroll as a member or to access some of our Services, you will be requested to provide us with your name, telephone number, email address, postal address, and where applicable company or organization name. We also collect other content and information that you provide us directly, including the content and information you may add to your member network or other community profile and photographs or other information or documentation you submit or provide us and the communications that you transmit through our networks. We collect billing and payment information you provide when you access some of our Services or purchase products and services. We also collect information that you provide us when you participate in our surveys, sweepstakes or events. If you do not provide us with the requested information, we may be unable to deliver you the Services in full. To the extent that you disclose to us any personal information of another individual, we assume that you have obtained such individual’s consent for the disclosure of such personal information as well as the processing of the same in accordance with the terms of this Policy. Information About Your Device(s) and Your Use of the Services We collect information about how you use our Services and, depending on the access permissions you have chosen for your device, other information, as specified below, from and about the computers, phones, and other devices where you install or access our Services. We use standard internet technologies, such as cookies and web beacons, to collect information about your computer or device and your online activity, as explained in more detail in the section on cookies. The information we collect in this respect is: your browser type and operating system; IP address and device identifiers; your browsing behavior on our Services, such as the amount of time spent viewing our online Services and the links you click within our online Services; websites you visit before or after our websites; whether you have opened or forwarded our e-mails or connected to offers or links that we send you; and your general or specific geographic location, such as through GPS, Bluetooth or WiFi signals to the extent permitted by the settings of your devices. If you use our internet connection, networks, telecommunications systems or information processing systems, your activity and any files or messages on those systems may also be monitored by Bahrain FinTech Bay at any time, in accordance with applicable law, for purposes of an investigation or to ensure compliance with company policies. We obtain information about you from your company or organization, including when they may create or supplement your profile for you in the member network. You can review and amend this profile at any time. Information From Third-Party Sources We also receive information about you from publicly and commercially available sources and other third parties as permitted by law. We may combine this information with other information we receive from or about you, where necessary to provide the Services you requested.
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Use of Personal InformationWe use the personal information that we collect as necessary and appropriate for the following purposes: To provide our products and services. We use your personal information to provide you with the products, services, and features that you or your company or organization have requested; to respond to inquiries we receive from you or your company or organization; to verify your identity; in connection with a transaction that you or your company or organization has initiated; to deliver notifications and other operational communications; and for troubleshooting. To improve our products and services and to analyze how users navigate and use our products and services and individual features. To manage the performance of our products and services. For audit and reporting purposes, to perform accounting and administrative tasks, and to enforce or manage legal claims. To deliver advertising and promotional communications, subject to any legally required consent, which we will seek at the appropriate time. For example, we may periodically contact you with offers and information about our products, services, features, and events; to send you newsletters or other information about topics that we believe may be of interest; to conduct online surveys; and to otherwise promote our products, services, features, and events. We also may deliver targeted advertisements to you, both on and off the Services. For security and to protect, enforce, or defend legal rights, privacy, safety or property, whether our own or that of our employees or agents or others, and to enforce compliance with Bahrain FinTech Bay policies and to comply with applicable law and government requests.
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Sharing of Personal InformationWe disclose your personal information in the following circumstances to the following parties: Our Community. Our Services include online and offline member communities, forums and networks that allow you to share and connect with others. We make this possible for Bahrain FinTech Bay members by creating a profile for new members that contains your name and the name of your company or other organization. This profile is created automatically and is accessible to other members of the forum or network, some of which include all Bahrain FinTech Bay members. You can supplement your profile by adding additional information about yourself and your company or organization and by posting content and comments and you may be able to share your profile with a broader audience. Service Providers. We rely on third-party service providers to perform a variety of services on our behalf. For example, we may rely on service providers to host data and platforms, fulfill our product and service requests and answer your questions, send e-mails on our behalf, process payment card or other transactions, and analyze data to improve our products and services. To do so, we may need to share your personal information with them for the purposes described under “Use of Personal Information”. Other Parties When Required by Law and as Necessary to Provide and Protect Our Services. In some instances, we and our service providers disclose your personal information to law firms, auditors, consultants, the police, courts, tribunals and other law enforcement agencies: To provide you with the services you or your company or organization request, such as a disclosure of your information to a landlord in connection with a lease agreement, or to auditors or consultants; To comply with the law or respond to legal process or a request for cooperation by a government entity or law enforcement (which may include lawful access requests by U.S. and other courts, law enforcement and governmental authorities); To detect, suppress, and prevent fraud or verify and enforce compliance with the policies governing our Services; or There permitted by law, to protect our rights, property, and safety or that of any of our respective affiliates, business partners, customers or employees and where otherwise required by law.
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Information SecurityWe have in place various procedures to safeguard your information. Although we take such steps to protect your information, no security program is foolproof and thus we cannot guarantee the absolute security of your personal or other information.
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Accessing, Reviewing, and Updating Your Personal Information"To the extent provided for under applicable law, you may have the right to access your personal information and to update or correct inaccuracies in your personal information. You may have rights to revoke consent you previously granted us with respect to processing personal information and to object to the use of your personal information for direct marketing or for other purposes that are not necessary in light of the nature of our legal relationship. Note that if you revoke your consent to such processing, we may be unable to provide you with certain aspects of the services. If you would like to exercise any of these rights, please send an e-mail to info@bahrainfintechbay.com
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Collection of Information From ChildrenThe Services are not directed to children under the age of 16 and we do not knowingly collect personal information from anyone under the age of 16. Where different age limitations apply, we comply with them.
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CCTVBahrain FinTech Bay’s buildings have CCTV installed to protect the safety of Bahrain FinTech Bay’s employees, members, and guests and their property, as well as to improve our products and services and to analyze how users navigate and use our spaces. Recordings may be accessed by Bahrain FinTech Bay and may be shared with competent authorities in accordance with applicable laws. The recordings are retained for a limited period of time, but may be kept longer for the investigation of an incident or when competent authorities request us to retain them longer.
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Changes to this Privacy Policy in the futurePrivacy laws and guidelines are part of a constantly changing environment. We will notify you of material changes by e-mail or by posting a message on the relevant Services.
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Questions or CommentsIf you have any questions or comments regarding our Policy, please contact us at: info@bahrainfintechbay.com
A glimpse into the 2021 Digital Banking Challenge