Bahrain FinTech Bay and The Israel Fintech Center sign MOU
Manama, The Gulf Observer: Bahrain FinTech Bay (BFB) has signed a Memorandum of Understanding with the The Israel Fintech Center (IFC) to collaborate on key projects that focus on the advancement of the region’s fintech industry.
The collaboration will help establish international partnerships. Both parties will play a constructive role in the Financial Innovation for Longevity Forum (FIAL Forum).
The MOU signing took place in Tel Aviv in the presence of Bahrain’s Industry Minister Zayed R. Alzayani, Commerce and Tourism Minister, Bahrain’s Ambassador to Israel, Khaled Yousef Al Jalahma, CEO of Bahrain FinTech Bay Bader Sater, and President of The Israel Fintech Center, Shmuel Ben-Tovim,
“Our cross-border collaboration will provide cutting-edge solutions to SMEs and streamline interactions between Bahraini and Israeli financial institutions,” Bader Sater said: said.
“We look forward to strengthening our synergies and exchanging best practices on regulation and the latest developments across numerous emerging technologies, including Open Banking, Blockchain, and payments, among others.”
