[ad_1]
Manama, Kingdom of Bahrain: The National Bank of Bahrain has signed an agreement to become StartUp Bahrain’s latest strategic partner. The National Bank of Bahrain (NBB) aims to strengthen and guide the financial sector to support the growth and development of the startup ecosystem, startups and stakeholders, in line with the #TeamBahrain vision.
The strategic partnership was announced and signed at NBB’s Manama headquarters. The announcement was made in the presence of representatives from the National Bank of Bahrain (NBB) and StartUp Bahrain stakeholders.
Commenting on the event, Arif Janahi, Head of Commercial and SME at NBB said: “As the National Bank of Bahrain, we recognize the importance of supporting measures that promote the growth and development of the entrepreneurial ecosystem in the Kingdom of Bahrain. Through our partnership with StartUp Bahrain, we look forward to entering the next wave of innovation and contributing to the development of the digital economy in the Kingdom of Bahrain. We are committed to supporting and empowering local talent to achieve their goals of becoming future business leaders, while helping them realize their full potential and thrive in today’s business environment.
Bader Kamal, representative of StartUp Bahrain, said of the partnership: “I believe actions speak louder than words and this partnership is a clear testament to the National Bank of Bahrain’s vision and drive to help develop and grow the startup ecosystem and the innovation it brings to Bahrain’s digital economy. We are delighted to see Bahrain’s largest financial We are proud that Bahrain’s digital economy has developed through the efforts of all public and private stakeholders. National Bank becomes one of our strategic partners in achieving this goal.
Pakiza Abdulrahman, Head of New Entrepreneurship at the Bahrain Economic Development Authority said: “With its pioneering approach to open banking, NBB shows how traditional financial institutions can work with and learn from innovative startups to adapt and thrive in the digital economy. But digital transformation is a two-way street. This collaboration with Startup Bahrain The new partnership will provide young challengers and disruptors the opportunity to learn from one of Bahrain’s most established financial institutions. Bahrain’s thriving world-class entrepreneurial ecosystem is built on collaborative, mutually beneficial partnerships. superior.
Founded in 2017, StartUp Bahrain is a national platform for innovative and scalable new startups that aims to help develop and grow the ecosystem in partnership with businesses, investors, accelerators, incubators, educational institutions and the Bahrain government. Its partnership with NBB will further advance the ecosystem’s goal of becoming one of the most prominent and dynamically developing ecosystems in the region.
In addition, NBB has taken the lead in becoming the first bank in the Middle East and North Africa to launch an open banking solution through the Bahrain startup “Tarabut Gateway” in compliance with regulatory requirements set by the Central Bank of Bahrain (CBB). The move underscores the long-term vision for customer transparency, efficiency and enhanced experience, demonstrating the bank’s strategic adoption of innovative solutions to solidify Bahrain’s leading position in the region’s digital economy.
If you are interested in learning more about StartUp Bahrain, who is part of the ecosystem, and how to get involved, please visit startupbahrain.com, follow @startupbahrain on social media, and contact us to find out how you can get involved.
-Finish-
Media inquiries
Bahrain Startups
Jenan Muharrik
Phone: +973 3972 2250
Email: jenan@startupbahrain.com
national bank of bahrain
Sheikha Sayadi
Phone: +973 17 592008
Senior Communications Manager
Email: shaikha.seyadi@traccs.net
Bahrain TRACCS
About the National Bank of Bahrain BSC
National Bank of Bahrain BSC (“NBB”) was established in 1957 as the first local bank in Bahrain and was established in accordance with the laws and regulations of the Kingdom of Bahrain. NBB has grown steadily to become the leading retail and commercial banking services provider in the Kingdom. With a major share of the domestic and commercial banking markets and the largest branch and ATM network, NBB plays a key role in Bahrain’s economy. NBB continues to diversify and develop capabilities to capture business opportunities in the Gulf region and international markets, with the Abu Dhabi and Riyadh branches leading the way in this initiative. NBB is publicly listed on the Bahrain Stock Exchange.
About Bahrain Startup
Startup Bahrain is the national entrepreneurship platform of the Kingdom of Bahrain. It consists of startups, corporates, investors, accelerators, incubators, space, educational institutions and the Bahrain government to develop and grow Bahrain’s startup ecosystem. The ecosystem is designed to support innovative and scalable startups across all industries and stages. Each pillar strives to make Bahrain a strong ecosystem for new startups from around the world and expansion on a regional and global scale.
Website: www.tartupbahrain.com
© Press Release 2020
[ad_2]
Source link