Bahrain FinTech Bay's Resident Rsquare Technologies wins RegTech Innovation Challenge

Rsquare Technologies, one of Bahrain FinTech Bay's incubated startup, has developed multiple solutions within the FinTech ecosystem in the Kingdom, has won the Central Bank of Bahrain’s ‘RegTech Innovation Challenge’ for their Account Blocking & Unblocking Automation Process.

Rsquare Technologies has created a solid journey within the Kingdom spanning 11 successful years since its inception. This journey reflects their initial promise to become one of the biggest IT development centers in the Kingdom of Bahrain. The award-winning Bahrain-based corporation is a resident of one of the MENA’s leading FinTech Hub, Bahrain FinTech Bay, a FinTech ecosystem builder serving 300+ public and governmental entities across various key sectors, such as insurance, banking, education, and more. To date, Rsquare Technologies has developed 19+ innovative IT FinTech Bahrain-made solutions such as E- Signature, EICR, Easy Reconciliation, Compuform, CIS, HRMS & Payroll tools.

EasyRecon, is one of RSquare’s intuitive and innovative software solution that has been running successfully in various financial institutions, to operate as an reconciliation engine that converts, loads, and reconciles automatically. The software also provides users with clear reasoning behind the reconciliations, reduces human errors, and saves time that is typically consumed by the long and tedious process.

Commenting on this occasion, Shanthini Raja, Founder, Chairperson & CEO of Rsquare Technologies “This has been such a rewarding journey for us, and we are honored to have gained the winning title for the CBB’s Supernova Challenge which reflects our team’s hard work and underlying vision for the ecosystem. For the past 11 years, we have been developing solutions for the future that goes towards strengthening the thriving industry within the Kingdom. I would like to thank the Central Bank of Bahrain and all the key partners for giving us this opportunity, and especially my team which has tirelessly put their genuine efforts to lead this front within the sector, especially during a challenging time.”

Source: Startup MGZN