Bank ABC, along with subsidiaries ila and Arab Financial Services, has entered a founding partnership with Bahrain Fintech Bay.
The two have expressed a commitment to develop Bahrain’s FinTech ecosystem.
Bank ABC Group representatives will join BFB’s advisory board.
The partnership will build on ABC’s commitment to lead the MENA FinTech revolution.
What does this mean?
Bank ABC aims to boost FinTech adoption through supporting local efforts – it will help attract FinTechs and entrepreneurs to establish a footing in Bahrain through its latest commitment. The bank has cited that the region has a growing youth population, with more than half of residents under 25, and that blue collar segments are currently underserved by FinTech solutions.