UK-based Finastra announced on Thursday it has joined the Bahrain FinTech Bay hub, which reportedly brings financial service players from various financial institutions, banks, and investors to fintech companies, developers, industry bodies and academics in order to drive innovation and create new growth opportunities.
Finastra reported that through the membership it will have access to key industry events and Bahrain FinTech Bay’s own events on blockchain, insurtech, and regtech, along with collaboration opportunities with other partners and industry players. Finastra also revealed it will become a resident of Bahrain FinTech Bay. Speaking about the new membership, Khalid Saad, CEO of Bahrain FinTech Bay, stated:
“With such a versatile community, it is crucial for us to have partners that share our vision of bringing all the actors together in one place to inspire innovation.”
Bahrain FinTech Bay was notably established earlier this year as part of a continued push in Bahrain to create the region’s leading startup ecosystem. The hub currently counts more than 50 partners, which includes banks, corporates, government bodies, universities, and fintechs.