CBB announces Fintech Unit

CBB announces Fintech Unit

Manama, Oct. 22 (BNA): As part of the Central Bank of Bahrain’s (CBB) ongoing initiatives towards financial digital transformation in the Kingdom and developments in digital financial services, the CBB announced the establishment of a dedicated Fintech Unit to ensure the best services are provided to individual and corporate customers in the financial sector. The announcement was made following the CBB’s Board meeting on Sunday after the board approved the recommendation to establish the Unit for this purpose. This follows the CBB’s recent initiatives, which include a Regulatory Sandbox that will allow startups and fintech firms to provide innovative […]