Bahrain Fintech Bay (BFB) has announced a newly appointed Board of Directors, with BENEFIT CEO Abdulwahed Aljanahi as Chairman of the Board. Following the acquisition of BFB by BENEFIT in a landmark partnership agreement in September 2023, the strategic leadership transition brings together experienced industry veterans and demonstrates the firm commitment of both companies to contribute to the advancement of Bahrain’s fintech landscape. This will pave the way for the development of Bahrain’s fintech landscape. We will future-proof the financial services sector by ushering in a new era of innovation.
The following members have been appointed to the newly formed BFB Board of Directors: Mr. Yousif Al Nefaie (Deputy Chief Operating Officer of BENEFIT and Vice Chairman of the Board of Directors of BFB), Mr. Nezar Malouf (Assistant General Manager, Marketing & Communications Department, Benefit), Mr. Hessa Hussain (Assistant General Manager, Benefit, Ltd.) Bahrain Credit Inquiry Bureau, Leila Al Kasab – BENEFIT Chief Financial Officer, Rashad Faraj – Executive Director, Special Projects, Bahrain Economic Development Authority, Dalal Buheji – Executive Director, Business Development (Financial Services), Bahrain Economic Development Authority.
Designed to leverage BFB’s extensive network of fintech companies and comprehensive suite of services, including accelerator programs, corporate innovation advisory, talent development and education programs, the partnership aligns with BENEFIT’s regional growth strategy and global The aim is to promote research and development activities at the level. BENEFIT has a reputation for pioneering electronic financial transaction services and setting new standards for digital payments in the region, with award-winning initiatives such as the Benefit Pay application. This is consistent with government-led national efforts to foster -Drive innovation in the financial sector and strengthen Bahrain’s position as the region’s leading fintech hub.
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About Bahrain Fintech Bay (BFB):
Bahrain Fintech Bay (BFB) is the Kingdom of Bahrain’s leading fintech ecosystem, fostering innovation, collaboration and entrepreneurship in the financial technology sector. BFB provides a platform for fintech startups, financial institutions, government agencies, and other stakeholders to connect, collaborate, and drive transformation in the financial services industry.
About benefits:
BENEFIT Company (BENEFIT) was established to enable Bahrain’s financial sector to build strong and lasting connections with customers from a wide geographical base. Furthermore, in all interactions with member banks and other stakeholders, BENEFIT helps guide these connections towards improving the value index. As the primary conduit for all electronic financial transactions throughout Bahrain, Benefit’s success is based on a skilled workforce, cutting-edge technology, focused strategic planning and efforts, and a commitment to providing the latest financial services to Bahrain residents. It was made possible through a combination of determination. .