FinHub 973 launches to boost fintech sector in Mena
- Date: 20-Oct-2020
- Source: Wamda
- Sector:Technology
- Country:Middle East
FinHub 973 launches to boost fintech sector in Mena
The Central Bank of Bahrain (CBB) launched today FinHub 973, the first of its kind virtual fintech platform in the region, in collaboration the Economic Development Board, Bank ABC, ila Bank, Benefit, National Bank of Bahrain and Bahrain Islamic Bank.
The platform is powered by FinX22, an open, cloud-based financial services platform developed by Fintech Galaxy, the digital crowdsourcing fintech company.
FinHub 973 provides a virtual environment that includes an open application programming interface (API) for banking services and paves the way for fintech companies to collaborate with new partners. It is set to create a collaborative environment for fintech in the Middle East and North Africa (Mena) and create a gateway to financial services markets in the region
The platform will encourage innovation opportunities in the sector, link regulators and financial institutions
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