GFH backs FinTech Bay

Manama : GFH Financial Group (GFH) has announced its backing to Bahrain FinTech Bay (BFB) by establishing the Group as its Founding Partner.

The partnership reflects GFH’s strategy to strengthen the integration of FinTech in the region and to support the development of advanced technologies to benefit its customers and investors through the delivery of more efficient financial solutions.  

GFH said will work closely with BFB to improve the acceleration of FinTech development in the Middle East along-side other top-tier regional and global financial institutions and technology industry leaders. 

Similarly, the partnership supports the Kingdom’s efforts to drive BFB to be the leading regional FinTech hub building on the outstanding foundations and clear competitive advantages that Bahrain has to offer. 

Commenting, Hisham Alrayes, CEO of GFH said, “GFH will take an active role in fostering the growth of BFB by putting at the hub’s disposal our vast corporate experience and track
record.” 

He added: “We aim to provide new entrants and innovative business models at BFB with access to our sophisticated network of corporate partners and associates, advising them on how best to reach regional and international capital and markets.”

Khalid Saad, CEO of Bahrain FinTech Bay, added, “We look forward to working with them closely alongside our other partners to further develop Bahrain’s FinTech and innovation ecosystem.”