Press Release

How did Bahrain become a fintech hub? [podcast]

Image courtesy of Economic Development Board of Bahrain Bahrain’s government has made vital steps to encourage entrepreneurship to stimulate its economy. In doing so, it has created a startup-friendly environment, with easy access to funding, long-term visas and a regulatory environment that is responsive to startup needs. One area where it seems to be excelling is in financial technology (fintech) with the establishment of the Bahrain Fintech Bay in 2018. The government-backed incubator, accelerator and sandbox has been issuing pioneering licences for fintech, making it one of the most attractive hubs for fintech startup in the Middle East and North Africa (Mena). In this podcast we speak w

BENEFIT FinTech Award Open Banking Hackathon

Under the patronage of Central Bank of Bahrain and in strategic partnership with the BENEFIT company and the Global Shapers Manama, Bahrain FinTech Bay kicked off the second BENEFIT FinTech Award Hackathon on the 21st of February 2020 — and continued the following day, the 22nd of February 2020 — under the theme of “Open Banking”. The weekend brought together a mix of university students and professionals from different educational backgrounds to build a working prototype — centered on the theme — which could form the basis of a credible business. On the first day, the participants were initially introduced to the coaches and were briefed on the structure of the event. This was followed by

MENA Financial Inclusion Report 2020

We are excited to announce the launch of the MENA Financial Inclusion Report 2020. The report provides valuable insight on the current state of financial inclusion in various countries across the MENA region; and highlights the necessary steps that need to be adopted to promote further inclusivity. Click here to download the report 2020.

Detroit FinTech Bay Accelerator

Are you startup in the MortgageTech field? Detroit FinTech Bay and Flagstar Bank invites you to join the Flagstar MortgageTech Accelerator Program. Click here to apply now.

Bahrain FinTech Bay and Trust Re Announce International Partnership

February 10th, 2020 (Manama, Bahrain) Trust International Insurance and Reinsurance Company B.S.C. (Trust Re), the largest reinsurer in the Middle East has become an international partner of Bahrain FinTech Bay, the leading FinTech Hub in the region. Click here to learn more.

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