BENEFIT Group Joins Global FinTech Leaders at Singapore FinTech Festival 2024
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, and its subsidiaries SINNAD, a pioneer provider of Card Processing and Payment Services in the MENA region, and Bahrain FinTech Bay are pleased to announce their participation in the Singapore FinTech Festival (SFF) 2024, held from November 6th – 8th 2024.
Now in its 9th edition, SFF 2024 served as a premier platform for the global FinTech community, bringing together central bankers, regulators, industry leaders, entrepreneurs, investors, innovators, and influencers to connect and collaborate on key issues shaping the future of financial services, public policy, and technology.
This year, the event highlighted the transformative potential of artificial intelligence (AI) and quantum computing in revolutionizing financial services and driving sustainable economic growth. With climate change presenting urgent global challenges, the festival also focused on FinTech’s critical role in advancing sustainable finance.
Abdulwahed AlJanahi, CEO of BENEFIT, commented: “Our participation at SFF 2024 is a testament to our commitment to pioneering FinTech solutions that enhance operational efficiency and drive sustainability in financial services. Key topics like AI and sustainable finance are pivotal in shaping the future of financial technology, and as active members of this global community, we value the opportunity to collaborate with industry leaders and innovators to define the next era of financial technology.”
“This aligns closely with Bahrain’s national vision to establish a diversified and resilient economy, and we are honored to work closely with partners like the Central Bank of Bahrain and the Economic Development Board to strengthen Bahrain's standing as a regional hub for innovation and financial services”, he added.
Mrs. Rana Almaeeli, Chief Executive of SINNAD stated: “SFF 2024 offers an invaluable opportunity to engage with global leaders in the industry, and to explore collaborations that can drive investment into Bahrain, ultimately contributing to the National Vision for a diversified and sustainable economy. SINNAD is committed to leading the financial services industry in the MENA region and providing an enhanced suite of cutting-edge financial services to elevate the businesses tailored to their needs.”
Bader Sater, CEO of Bahrain FinTech Bay, highlighted: “Our participation in the Singapore FinTech Festival as part of the Bahrain delegation underscores our unwavering commitment to attracting global fintech innovators to Bahrain. This engagement aligns with our long-term vision to cultivate a dynamic fintech ecosystem, fostering international collaborations that drive innovation and growth within the industry.”
BENEFIT’s participation, alongside its subsidiaries SINNAD and Bahrain FinTech Bay, showcases its commitment to embracing emerging technologies and driving innovation within the financial technology landscape. Through SFF 2024, BENEFIT and its subsidiaries reinforce their leadership in the sector, contributing to Bahrain’s reputation as a regional hub for FinTech innovation and collaborating with industry partners to shape the future of the financial ecosystem.