BAB Pioneers Next-Level Partnership with UAE Banks Federation to Revolutionize Digital Services Landscape

BAB Pioneers Next-Level Partnership with UAE Banks Federation to Revolutionize Digital Services Landscape

The Bahrain Association of Banks (BAB) and the UAE Banks Federation recently held a meeting to discuss strengthening their collaboration in the realm of digital services and other financial systems. The objective was to enhance BAB’s role in implementing strategic initiatives and developing digital products that support Bahrain’s digital transformation process and align with the government’s efforts to bolster the country’s banking and financial sector.

The meeting was conducted by the Digitalization Committee of BAB, led by Dr. Yousif Almas, who serves as the Head of the Committee and Group Chief Innovation Officer at Bank ABC. The committee engaged with the Digital Banking Services Committee of the UAE Banks Federation to explore opportunities for joint cooperation, knowledge exchange, and coordination plans between the two entities. The discussion also encompassed the advancement of banking infrastructure in both countries, along with potential collaboration in the areas of digital identity in banking as well as open banking.