The partnership is meant to accelerate digital banking adoption in Middle East and North Africa (Mena) region and offer new opportunities for key players in the regional financial sector.
Backbase brings a portfolio of partners that includes National Bank of Bahrain, ila Bank, Banque Saudi Fransi, Kuwait International Bank, and Société Générale, while Bahrain FinTech Bay incubates financial technology initiatives through innovation labs, acceleration programmes, and curated activities.
A regional fintech hub, BBF said this partnership will provide financial organisations across the MENA region with the opportunity to leverage a solidified engagement banking offering and benefit from an all-encompassing fintech ecosystem that would boost their operations, performance, and reach, according to Zawya.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright