BisB seeks to make Bahrain FinTech centre

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 platform to fuel the industry’s growth.

The partnership between BisB and BFB is in line with the bank’s strategy to implement digital transformation and maximise the use of advanced technology to deliver the best services to its customers.

“We are honoured to work with the Economic Development Board towards the vision of strengthening Bahrain’s position as a financial hub in the region,” said BisB chief executive Hassan Amin Jarrar.

“With the strong support provided by the government and the Central Bank of Bahrain, we are confident that Bahrain FinTech Bay will further strengthen the kingdom’s financial position.”

BFB will be the first dedicated fintech hub and corporate incubator in the Middle East and Africa region.