Bahrain banks to set up dedicated R&D FinTech firm

December 6, 2017

 

As the Arabian Gulf state seeks to position itself as a leader in financial technology, KFH Bahrain, a unit of Kuwait Finance House, Islamic lender Al Baraka Banking Group and Bahrain Development Bank said they will set up Algo Bahrain, which is yet to be fully incorporated.

 

The announcement was made during a press conference on the sidelines of Bahrain’s World Islamic Banking Confere