Bank ABC, along with subsidiaries ila and Arab Financial Services, has entered a founding partnership with Bahrain Fintech Bay.
In Brief:
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The two have expressed a commitment to develop Bahrain’s FinTech ecosystem.
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Bank ABC Group representatives will join BFB’s advisory board.
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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.
