Central Bank of Bahrain is urged to proceed with technology project

Adel Al A’ali, board member and head of the insurance and banks sector committee of the Bahrain Chamber of Commerce and Industry, recently urged the Central Bank of Bahrain to adopt a financial technology solutions project initiated by Ebtikar Association and the Bahrain-Norway Joint Business Council.

Al A’ali said the project has the potential to help meet the needs of banks and financial institutions.

“The project is a platform for the development of financial technology solutions, and the primary beneficiary of the platform will be banks and financial institutions," Al A’ali said. "It will serve to spur entrepreneurship in financial technology in Bahrain and the MENA region, and will be launched jointly by two of UK centers, namely Level 39 and Fintech Circle Innovate, alongside Oslo Tech from Norway.”