Bahrain Bourse (BHB) has officially endorsed the launch of Bahrain FinTech Bay (BFB) by signing a Memorandum of Understanding with the leading FinTech hub in the Middle East.
The MoU was signed by Shaikh Khalifa Bin Ebrahim Al Khalifa, Chief Executive of Bahrain Bourse and the Chairperson of Bahrain FinTech Bay, Maissan Jalal Almaskati.
Now an official partner of BFB, Bahrain Bourse will extend all necessary assistance for the implementation of the developmental plans targeted at the Kingdom’s rapidly growing FinTech ecosystem. Both Bahrain Bourse and the BFB will also collaborate to explore cutting-edge financial technologies that could potentially fuel the growth of local and regional capital markets.
Additionally, Bahrain Bourse will also facilitate a unique platform for entrepreneurs and FinTech startups in Bahrain where they can network with top officials representing capital markets, especially through the new Bahrain Investment Market.
“We are pleased to partner with Bahrain FinTech Bay to support the development of a FinTech ecosystem in the Kingdom of Bahrain. With this partnership, we aim to facilitate FinTech startups’ access to the capital market to go in line with our initiatives within the Bahrain Investment Market in supporting growth companies,” Shaikh Khalifa bin Ebrahim Al-Khalifa said while underlining the significance of the new partnership between BHB and the BFB.
Maissan Jalal Al Maskati, Chairman of FinTech Consortium Bahrain, added to that by saying: “This collaboration between a FinTech hub and a local capital market is a regional first and significantly enhances the offering for FinTech in Bahrain. We are excited about this partnership with Bahrain Bourse and look forward to working together to further develop the local ecosystem.”
FinTech Bay will open today!