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May 2, 2018

Manama: - National Bank of Bahrain (NBB) today announced strong financial results for the first quarter of 2018 reporting an 33.9% rise in Net Profit to BD 19.74 million (US$ 52.50 million) compared to BD 14.74 million (US$ 39.20 million) for the corresponding period of 2017.  Strengthened performance during the quarter was supported by higher net interest income linked to growth...

April 30, 2018

BBK, Bahrain’s pioneer in retail and commercial banking, reported a net profit attributable to owners of BD 16.7 million for the first quarter of 2018 compared to BD 15.8 million for the similar period of the previous year, representing a 5.9% growth. The financial results were reviewed and approved by the Bank’s Board of Directors during the meeting held on Monday 30/4/2018....

April 29, 2018

Manama, Bahrain : Kuwait Finance House – Bahrain (KFH-Bahrain) has partnered up with Benefit, the leading provider of electronic financial transactions in the Kingdom, to offer its latest service ‘BenefitPay’. This launch is a strategic move that supports the Bank’s digitalization drive and efforts to provide its corporate and retail clients with electronic banking solutions that...

April 18, 2018

Washington, D.C., 18 April2018: Fintech Consortium (“FinCon”) and Georgetown University’s McDonough School of Business have announced a strategic partnership to collaborate on numerous initiatives related to Fintech innovation and education.

Possible collaborations include the development of Fintech certificate and degree programs, joint innovation labs, joint research and publica...

April 16, 2018

Manama, Bahrain: Waqfe, the Bahrain based fintech solutions provider, has announced the launch of its revolutionary mobile banking service platform for banks, Digital Deposit Mobilization Solution. At the nexus of three innovative technologies including mobility, artificial intelligence and data, it will help banks acquire and retain customers, attract longer tenor deposits and g...

April 16, 2018

Manama, Bahrain: Top tier wholesale Islamic Investment bank, Ibdar Bank, has announced that 22 employees have successfully completed a week-long intensive FinTech in-house training program held recently at the Bank’s Manama Headquarters.

The concentrated “Understanding FinTech” program was designed to immerses employees into the emerging world of financial technology. It introduce...

February 26, 2018

MANAMA - Bahrain is home to the largest dedicated fintech hub in the Middle East and Africa, it has emerged.

Launched yesterday, the Bahrain FinTech Bay (BFB) is a 10,000 sqft facility and includes a variety of shared infrastructure, such as co-working spaces for up to 30 start-ups or 60 individuals.

Singapore-based fintech incubator Fintech Consortium (FTC), through its subsidiary...

February 25, 2018

Manama: Bahrain Islamic Bank (BisB) announced its partnership with Bahrain FinTech Bay (BFB), reiterating its commitment to making Bahrain a regional fintech hub and leading Islamic financial centre.

BFB aims to develop and accelerate financial technology in the region by tying up with investors, the private sector, government bodies and financial institutions to create a pla...

February 14, 2018

Manama: Bahrain FinTech Bay (“BFB”) and the Fintech Consortium (“FTC”) have announced today a partnership with Sigma Ratings (“Sigma”), a U.S. based Fintech startup developing artificial intelligence (“AI”) driven non-credit risk rating services.

Sigma Ratings, first launched at MIT in 2017, provides new insight on non-credit risk vulnerabilities, with a focus on governance a...

February 5, 2018

An end-to-end real estate transaction platform where residential properties can be bought and sold online will soon be launched in Bahrain, it has emerged.

This follows the signing of an agreement involving the Bahrain FinTech Bay (BFB), the Fintech Consortium (FTC) and OffrBox, a New York City based Fintech start-up.

Featured as one of New York City’s Top 50 Start-ups to Watch in...

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