Bahrain Islamic Bank joins to launch CBB Digital Lab “FinHub 973“

Bahrain Islamic Bank joins to launch CBB Digital Lab “FinHub 973“

 The platform will enable the testing and development of fintech solutions in order to deliver superior customer-centric digital capabilities. FinHub 973, powered by the Dubai-based Fintech Galaxy's crowdsourcing and open API platform FinX22, will be fully supervised by the CBB, enabling the kingdom's regulator to effectively monitor and proactively manage risks and set any potential controls associated with new and disruptive technologies in a safe and secure sandbox environment. The CBB Digital Lab, which will be a collaborative effort, between the CBB and several strategic partners, including the Bahrain Economic Development Board (EDB), Bank ABC, Benefit, BisB, ila Bank, and the National Bank of Bahrain; was inaugurated on October 20, 2020 in an exclusive virtual event. Chief Executive Officer of BisB, Hassan Jarrar, said: “We are delighted to be partnering up with the