Central Bank Of Bahrain Wins Prestigious FinTech Award

Central Bank Of Bahrain Wins Prestigious FinTech Award
The Most Innovative Fintech Regulator Of The Year was conferred by Fintech Galaxy, a digital crowdfunding platform, during FinX 2019, a Fintech event held on 2 October 2019 in Dubai, UAE.

The Central Bank of Bahrain (CBB) has won a key award for its initiatives in the area of Financial Technology (Fintech). The Most Innovative Fintech Regulator Of The Year was conferred by Fintech Galaxy, a digital crowdfunding platform, during FinX 2019, a Fintech event held on 2 October 2019 in Dubai, UAE.

The Award recognizes the regulation entity that is actively investing and improving their fintech startup seamless experience and was conferred on the CBB for its initiatives in introducing and developing both the regulatory framework and ecosystem needed to support the ambition of fintech startups and existing financial institutions.

READ  Bahrain: Six Fraud Financial Companies Detected

Recent initiatives by the CBB to foster innovation in the financial sector following the introduction of the Regulatory Sandbox in 2017 and setting up a dedicated Fintech and Innovation Unit, include issuing regulations for Open Banking, Crypto-asset Platform Operators, Digital Financial Advice (“robo-advisory”), Crowdfunding, Cloud Computing, and Insurance Aggregators.

Leave a Reply

avatar
  Subscribe  
Notify of