Press Release

Bahrain FinTech Bay launches Bahrain FinTech Talent Report

Manama, 31 October 2018: Bahrain FinTech Bay is pleased to announce the launch of the Bahrain FinTech Talent Report. The Bahrain FinTech Talent Report reviews the talent landscape in Bahrain and 13 other countries to further understand the domestic demand for the development of a workforce that can service the FinTech industry. The report focuses on the perceptions of both the incoming and the existing workforce that embodies students, employees, and employers. Khalid Saad, CEO of Bahrain FinTech Bay, said: “Since the launch of Bahrain FinTech Bay at the end of February 2018, we have continuously strived to build alongside our partners the key building blocks that are necessary to help creat

Bahrain Polytechnic signs MoU with Bahrain FinTech Bay

Bahrain Polytechnic signed a memorandum of understanding with Bahrain FinTech Bay at their offices in Bahrain Bay. The Polytechnic students will have the opportunity to develop their skills and improve their employment prospects in connection with the industry. BFB will offer the Polytechnic students internship opportunities, work placements, cooperative projects, on the job training, and part time and summer jobs. Additionally, BFB will provide the Polytechnic with guest speakers to share their knowledge and expertise with students and staff. This ensures that Polytechnic students will earn the necessary experience of working in a real company during their studies. On this occasion, Dr. Jef

Global Islamic & Sustainable FinTech Center (GISFC) launched at Bahrain FinTech Bay

Manama: Bahrain FinTech Bay (BFB) announces today the launch of the Global Islamic & Sustainable FinTech Center (GISFC) with local, regional and international members. GISFC, builds on BFB’s diverse network of partnerships locally, regionally and internationally, and aims to help accelerate the use of FinTech to drive the next phase of growth in Islamic finance, whilst also focusing on sustainable, social and responsible innovation. The launch of the GISFC reaffirms Bahrain’s distinguished position as the global leader in Islamic finance and banking. GISFC’s launch partners include the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the Islamic Corporation f

Alcazar Capital & FinTech Consortium Announce A Strategic Partnership And Launch of US$100 Milli

• Alcazar Capital commits to anchor fund with 10% of total capital • Fund to target Fintech investments in North America, Europe, Asia and the GCC 15 October, 2018: Alcazar Capital Limited (“ACL”) and Fintech Consortium’s investment arm, InQvest Partners (“IQP”), are pleased to announce their strategic partnership and the launch of a US$100 Million global fintech fund. Alcazar has also committed to anchor the fund with 10% of total capital. Alcazar Capital Limited is an investment firm based in the Dubai International Financial Centre with a proven track record of value creation and execution in portfolio assets exceeding US$1 billion. It has managed investments in a range of industries inc

Fintech bolsters Bahrain’s bid to revive finance hub status

Bahrain rose to prominence as a financial centre during Lebanon’s civil war more than 30 years ago, usurping Beirut as regional hub by positioning itself as a global offshore banking centre with easy access to Saudi Arabia. But Dubai wrested this position from the kingdom a decade ago. “Dubai stole the services sector away from Bahrain,” in the words of one banker. Despite the global financial crisis hitting both centres hard, the pro-democracy protests in 2011 dealt a further blow to Bahrain’s credentials. Bahrain’s banks’ aggregated balance sheet of $188bn, or five times gross domestic product, compares with $200bn, or nine times GDP in 2011, and about $270bn, or 17 times GDP, in 2008. Reg

Detroit FinTech Bay Announces Autobooks as Innovation Partner

Detroit, Mich., October 4, 2018 -- Autobooks has officially joined Detroit FinTech Bay as an innovation partner, marking a pairing that puts support from both brands squarely behind fintech startups in the region. Autobooks, itself a Detroit-founded fintech startup, is in growth stage and has successfully completed two rounds of funding in two years. “Autobooks works hard to make business banking simple by partnering with financial institutions to offer innovative business banking experiences,” said Steve Roberts, cofounder of Autobooks. “This approach allows us to focus on the needs of small business owners and entrepreneurs. Our partnership with Detroit FinTech Bay allows us to give back

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