MANAMA, BAHRAIN – Bahrain FinTech Bay (BFB), Bahrain’s fintech ecosystem builder, has revealed its 2024 strategy aimed at propelling Bahrain’s fintech sector to new heights. Following its acquisition by the BENEFIT Company in September, the organization is set to further transform the fintech landscape in Bahrain and the broader region.
BFB will support the BENEFIT Company with its research and development initiatives which will include sector focused reports and in-focus pieces, acceleration programs and encouraging innovation in the Kingdom at large. BFB will also establish a world class Fintech Academy in collaboration with a renowned International Academic Institute that will offer exclusive courses and programs specializing in Artificial Intelligence (AI), Data Analytics, Entrepreneurship, and other trending topics. This partnership will ensure Bahrain remains at the forefront of fintech education and research. The Fintech Academy is set to cultivate a highly skilled workforce, fostering innovation, and nurturing a talent pool equipped to address the evolving demands of the fintech industry and position Bahrain as a talent hub in the region.
In 2024, BFB is expanding its fintech events. Bahrain, renowned for its progressive regulatory environment and distinction as an early issuer of licenses across a spectrum of sectors, including cryptocurrency platform exchanges and open banking, is further fortified by its outstanding business infrastructure. This combination positions the kingdom as an ideal destination for fintech innovation and investment. These events include hosting a dedicated crypto-focused event and an insurtech event. Furthermore, the upcoming second edition of the Fintech Forward Bahrain event, scheduled for October 2024, will play a pivotal role in attracting global players and solidifying Bahrain’s status as a global fintech hub.
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