FinHub 973: Central Bank of Bahrain Launches a Digital Fintech Lab
- Date: 27-Oct-2020
- Source: Fintech News Middle East
- Sector:Financial Services
- Country:Bahrain
FinHub 973: Central Bank of Bahrain Launches a Digital Fintech Lab
The Central Bank of Bahrain has announced the launch of FinHub 973, a digital fintech lab in the region.
The platform was launched in cooperation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank of Bahrain (NBB) and Bahrain Islamic Bank (BisB).
Through an AI-powered global fintech marketplace, FinHub 973 aims to connect financial institutions in Bahrain and the region to fintech startups across the world.
Regulated by the Central Bank of Bahrain, the digital lab will also offer matchmaking and crowdsourcing capabilities, which will help contribute to the design of effective fintech solutions.
FinHub 973 will be powered by Fintech Galaxy's FinX22 platform, which is a cloud-based open innovation platform. The FinX22 platform will offer an open banking API sandbox that enables fintech startups to develop, test and deploy
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