BisB embarks on a strategic partnership with CBB to launch FinHub 973

BisB embarks on a strategic partnership with CBB to launch FinHub 973

Bahrain Islamic Bank (BisB) announced its strategic partnership with FinHub 973: CBB (Central Bank of Bahrain) Digital Lab, the Kingdom's latest open application programming interface (API) innovation platform which 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