FinTech innovations in focus at BAB forum

Bahrain Association of Banks (BAB) Annual Forum kicked off with participation from more than 500 senior representatives from among Bahrain’s banking industry, regulators and executives of monetary funds from Bahrain and internationally. Held under the patronage of the Central Bank of Bahrain at the Gulf Hotel, high-level speakers and panellists addressed: “FinTech: Opportunities & Challenges,” arising from the rapid development of FinTech and its impact on Bahraini banks and the future of the industry.

BAB’s Chairman, Adnan Ahmed Yousif, opened the Forum, welcoming guests and setting the stage for the day’s discussions. He shared his thoughts on the revolution FinTech is creating in the delivery of traditional financial services and the reshaping of the financial landscape with customers demanding greater inclusiveness, ease, speed and affordability. Rasheed Al Maraj, Governor of the Central Bank of Bahrain, took the stage next for an interview with CNB Anchor Nuha Al Ali.

The Governor highlighted key developments relating to FinTech and the development of Bahrain’s financial sector as well as Bahrain’s growing position as a regional FinTech hub. Following was a keynote address by Meliksah Utku, General Manager and CEO of Albaraka Turk on “The Digital Revolution,” what it means for banks and its significance for the industry. Interactive panel sessions went on to delve deeper into key issues for the industry and BAB’s 52 members