Bahrain plans to set up new fintech unit

Bahrain plans to set up new fintech unit

The Central Bank of Bahrain (CBB) has announced plans to set up a dedicated Fintech unit to ensure that best services are provided to individual and corporate customers in the financial sector. The move comes as part of the CBB’s ongoing initiatives towards financial digital transformation in the kingdom and developments in digital financial services, said a statement from the kingdom’s central bank. The announcement was made following the CBB’s board meeting on Sunday, it stated. This follows the CBB’s recent initiatives, which include a Regulatory Sandbox that will allow startups and fintech firms to provide innovative banking solutions, […]