CBB launches fintech platform to drive innovation in the region

  • Date: 23-Oct-2020
  • Source: Saudi Gazette
  • Sector:Technology
  • Country:Bahrain
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CBB launches fintech platform to drive innovation in the region

MANAMA — The Central Bank of Bahrain (CBB), in cooperation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank of Bahrain (NBB) and Bahrain Islamic Bank (BisB), announced Tuesday the launch of FinHub 973, the first comprehensive digital fintech lab in the region, regulated by the Central Bank of Bahrain.The new platform will aim to create a collaborative ecosystem in the fintech sector by establishing a gateway for investment opportunities in the region, while fostering innovation and supporting integration between financial institutions and fintech startups.FinHub 973 will be powered by