FinTech boom

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has stressed that Bahrain’s provision of the necessary banking infrastructure has entitled it to be a permanent leader in financial technology in the region. While inaugurating the first biometric payment system in the region, HRH Premier said that the government has focused on making Bahrain a distinguished regional financial and banking hub, and has succeeded in that, noting that the challenge is how to maintain the Kingdom’s distinction in light of the fierce competition witnessed by the financial and business world.

“We are proud of our financial and banking institutions which are always keen to be the front-runners in adopting technological innovations in the banking services. Our pride increases when our citizens are at the helm of these firms, and their leadership contributes to achieving local, regional and international success, and reflects Bahrainis’ outstanding capabilities and creativity,” HRH the Premier said, calling for the need to continue adopting innovative solutions and the latest methods so that Bahrain always remains a leader.

The Prime Minister made the statements while receiving, at the Gudaibiya Palace yesterday, the Governor of the Central Bank of Bahrain (CBB), Rasheed Mohammed Al Maraj, along with several financial and banking leaders, in the presence of a number of officials.