Bahrain FinTech Bay (BFB) has announced it will soon establish three “sister platforms” in the United States and Singapore. This is indeed HUGE considering that the new platforms will focus specifically on creating new opportunities by enabling international cooperation among businesses operating in the FinTech sector.
In a recent conversation with Arabian Business, BFB CEO Khalid Saad revealed that the three new platforms will go live in Detroit, Silicon Valley, and Singapore.
The first of these platforms — Silicon Valley FinTech Bay — will be inaugurated in late March or early April.
“We’re building international bridges to connect the ecosystems, to expose them [international markets] to what’s going on here, and expose [those in Bahrain] to what’s going on outside,” Saad said.
He added: “For us, this is key: to get exposed and create a global platform with linkages going both ways.”
On top of this new initiative, Saad added, efforts are also on to raise a “global FinTech fund” dedicated to linking FinTech firms from all across the world to Bahrain FinTech Bay.
Saad then explained that these are only parts of BFB’s larger objective of teaming up with partners from other countries to help the FinTech sector worldwide tap in on unexplored opportunities.
“Helping out different regional jurisdictions and institutions to move along their fintech journeys is of the utmost importance to us,” the BFB CEO added.