Manama, Bahrain – February 16, 2025 – Bahrain FinTech Bay (BFB), the Kingdom’s leading fintech ecosystem enabler, has been awarded the prestigious Future Fit Seal at the World Government Summit 2025 in Dubai. This recognition underscores Bahrain’s commitment to financial innovation and its growing influence as a regional fintech powerhouse.
The award was presented by Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, in the presence of Her Excellency Ohood bint Khalfan Al Roumi, UAE Minister of State for Government Development and the Future, along with other distinguished government officials.
Launched by the UAE Government Development and the Future Office, the Future Fit Seal serves as a national symbol of forward-thinking excellence. Bahrain FinTech Bay’s achievement highlights its role in accelerating fintech initiatives, shaping Bahrain’s financial technology landscape, and reinforcing the Kingdom’s position as a hub for digital finance and blockchain innovation.
Bahrain has emerged as a regional leader in fintech, driven by progressive regulatory frameworks, including comprehensive crypto-asset regulations, open banking initiatives, and the Central Bank of Bahrain’s regulatory sandbox. The country’s fintech ecosystem thrives on collaboration between government entities, financial institutions, and the private sector, fostering a dynamic and business-friendly environment.
Leadership Insights
Abdulwahed AlJanahi, Chairman of Bahrain FinTech Bay, emphasized the power of collaboration in Bahrain’s fintech success:
“Our fintech ecosystem is built on strong partnerships between regulators, industry leaders, and innovators. This award is a testament to Bahrain’s ability to attract and nurture regional and global fintech players, reinforcing our role as a leading fintech hub.”
Bader Sater, CEO of Bahrain FinTech Bay, highlighted the strategic vision behind Bahrain’s fintech leadership:
“This recognition reflects Bahrain’s unwavering commitment to fintech excellence. At BFB, we have built an ecosystem that not only supports startups and financial institutions but also leverages regulatory innovation and cross-sector collaboration to drive growth. The Future Fit Seal reaffirms our mission to position Bahrain at the forefront of global fintech innovation.”
As a subsidiary of BENEFIT, Bahrain FinTech Bay continues to lead the MENA region in advancing digital finance, fostering entrepreneurship, and supporting fintech startups and investors. This latest accolade further cements Bahrain’s reputation as a key player in the evolution of the financial technology sector.
