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 introduced participants to the world of Bitcoin and other cryptocurrencies, in addition to the underlying technologies and their application in the financial services industry.
The course, which was delivered by a leading learning and development organization in the UAE, KSA and the EMEA region, is aligned with the Bank’s strategy to digitally transform its operations in order to cater to the needs of a Global Islamic Digitized Economy (GIDE).
Commenting on the training, Ibdar CEO, Ayman Sejiny said: “The Bank, in its comprehensive transformation plan, is currently digitizing its Back-, Middle-, and Front-Office operations and processes, whilst building an expert in-house Digital Finance Team. The course is in line with our mission to equip our staff with the knowledge and skills they need to effectively support our transformation strategy.”
Director of Human Resources, Mrs. Sama Al Alawi, said: “I am pleased to announce the successful completion of the Bank’s first formal FinTech focused training course which provided participants with a thorough examination of various FinTech environments and the legal, technical, and business issues faced in today’s digitally transforming financial services world. This training underscores the Bank’s ongoing dedication to providing professional training and development courses that empower our employees to reach their full career potential whilst driving the Bank’s strategic success.”
The Bank recently announced its founding membership of Bahrain FinTech Bay in addition to its plans to develop its advisory capacity with regards to financial products for the digital economy with a strong emphasis on fully digitalized products for the Blockchain economy, Cryptonomics and their deployment in the public and private sector.
Sejiny concluded: “The strong support provided by the Government of Bahrain and the Central Bank of Bahrain, is supporting the Kingdom’s positioning as a regional and international FinTech hub and Ibdar Bank aims to support this mission by being the Kingdom’s top Islamic challenger bank focused on serving the Global Islamic Digital Economy (GIDE).”