BAB Stresses Support for Fintech Initiative and Commends HM the King’s Call for Arab Cooperation

BAB Stresses Support for Fintech Initiative and Commends HM the King’s Call for Arab Cooperation



The Bahrain Association of Banks (BAB) commended His Majesty King Hamad bin Isa Al Khalifa’s endeavor to advance and fortify Arab collaboration in Fintech and digital transformation, as expressed during His Majesty’s address at the Bahrain Summit. BAB emphasized that this initiative underscores Bahrain’s success in financial technology and its commitment to sharing this esteemed expertise across the Arab region, enabling all Arab nations to benefit from it, and solidifying Bahrain’s stature as a pivotal player in regional and global financial technology.Mr. Adnan Yousef, Chairman of the Association’s, stated, “BAB is dedicated to supporting this groundbreaking initiative, launched in the Kingdom of Bahrain and slated for a year-long endeavor, to further the Kingdom’s track record of achievements in financial technology. This effort aims to bolster Bahrain’s standing as a regional and global financial and banking hub, bolstered by a sophisticated legislative and regulatory framework that remains adaptable and responsive to a spectrum of challenges.”Mr. Adnan conveyed the Bahrain Association of Banks’ eagerness to collaborate closely with both local and Arab financial and banking institutions, fostering the exchange of experiences and bolstering national endeavors to disseminate Bahrain’s expertise in financial technology throughout the Arab region, promising unparalleled transformations in the Arab