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August 28, 2018

At the signing are, seated, Mr Mohammed, second from left, and AFS chief executive B Chandrasekhar, second from right, with other officials from both organisations

MANAMA: bWallet, a digital wallet and payment solution operated by AFS in partnership with Batelco, has announced a tie-up with insurance provider Solidarity Bahrain.

The agreement paves the way for cashless purchase of...

August 27, 2018

Why You Should Care

Offering unique benefits, this Persian Gulf country attracts a wave of tech startups, from food to fintech to fitness.

Indian tech entrepreneur Amjad Puliyali had worked for a decade in Dubai, but in 2016, he relocated to tiny Bahrain to launch an online grocery delivery startup called GetBaqala. With just 1.5 million people packed into a 295-square-mile country...

August 16, 2018

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Last week the Financial Conduct Authority (FCA), the principal regulator of the UK’s financial services sector announced a collaboration with 11 other global regulators and government entities called the Global Financial Innovation Network.

Christopher Woolard, the FCA Executive Director of Strategy and Competition commented, “The creation of the Global Financial Innov...

August 8, 2018

Bahrain is at the forefront of adopting FinTech, writes Hadyah M. Fathalla.

FinTech is undoubtedly transforming the financial sector. The benefits of FinTech are numerous: better access to finance, a better consumer experience, increasing transparency and enhanced security. The exchange of technological and business know-how is the backbone of global prosperity. However, integrati...

August 7, 2018

Eleven organizations from around the world, including the US Consumer Financial Protection Bureau, participate in the UK-led Global Financial Innovation Network.
 

The British Financial Conduct Authority (FCA) has launched a ‘global sandbox’ for financial technology industry (FinTech) in a bid to provide a platform for testing cross-border ideas in a light regulatory environment a...

August 2, 2018

Photo By: Pexels Photo

In July Kuwait Finance House invited Bahrain’s Ahli United Bank to begin a due diligence process for a potential merger of the two financial institutions, creating Kuwait’s biggest Islamic lender.

If the merger materializes, it could create both Kuwait and Bahrain’s biggest lender with $92 billion in assets, becoming the sixth biggest bank in the Gulf.

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