Al Riyadh, Saudi Arabia – Mastercard has joined forces with the Bahrain Institute of Banking and Finance (BIBF), a renowned training and development organization, to drive financial inclusion in Bahrain and the wider region. Under the multi-faceted partnership, the BIBF will work with Mastercard Academy, a leading provider of world-class training solutions in the payments space, to design and deliver customized and scalable digital and physical learning courses.
The two parties will also explore opportunities to support relevant industry events by providing subject matter expert speakers and panelists with the aim of showcasing their thought leadership. In addition, Mastercard will leverage its resources, assets and partners to assist the BIBF in engaging Bahrain’s community with a focus on several target segments, such as students and entrepreneurs.
“In line with its dedication to excellence, the BIBF is keen to build synergies with leading organizations around the world to expand its learning offerings across all major business disciplines and strengthen its capabilities to develop human capital. Our latest collaboration with Mastercard will go a long way in helping us achieve our ambition of becoming the global partner of choice for professional education in the payments industry. We look forward to benefiting from the company’s rich know-how in this field,” said Dr. Ahmed AlShaikh, CEO, BIBF.
Since its inception in 1981, the BIBF has grown from training 450 applicants a year, primarily within the banking industry, to 20,000 participants from all sectors of the economy. The institute has qualified over 360,000 learners in the last four decades.
“At Mastercard, we are committed to contributing to the growth of Bahrain’s digital economy. With its decades-long legacy and a strong footprint across the local landscape and beyond, BIBF is our ideal partner in boosting financial inclusion in the country and the wider region. Through our collaboration, we seek to leverage our expertise and market knowledge to provide comprehensive financial education that will enhance financial inclusion and unlock greater prosperity for individuals and businesses,” said Driss Belemlih, Executive Vice President & Customer Delivery Lead, EEMEA, Mastercard.
The BIBF’s Acting Head of Banking & Finance, Bassam Kazerooni also stated, “The Financial industry is evolving at a rapid speed; demand for sustainable and socially responsible practices and business is rising on both an individual and an institutional level. As the training arm of the Central Bank of Bahrain, the BIBF is committed to developing human capital in Bahrain and the region, in the area of sustainable finance as an instrument to achieving the Kingdom’s vision to ensure the sustainability of the overall development process in many fields.”
With access to over 200 experts from across Mastercard’s global network, Mastercard Academy provides the company’s customers and partners with professional insights, skills and knowledge. Its faculty possesses unparalleled knowledge of the latest trends in the payments industry.
About Mastercard (NYSE: MA) www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
Bahrain Institute of Banking and Finance (BIBF) is the leading provider of education and training in the region, established in 1981 under the umbrella of the Central Bank of Bahrain. It plays a pivotal role in providing programmes and initiatives to develop human capital in the Kingdom of Bahrain, in addition to 64 countries worldwide, giving it a global footprint.
The BIBF is committed to excellence in the provision of education and training in all major business disciplines, and is an official partner to many institutions worldwide in providing thought leadership, assessment, and training in the following areas:
- Banking & Financial Services
- Islamic Banking
- Executive Development
- Accounting & Finance
- Academic Studies
- Leadership & Management
- Supply Chain Management
- Digital Transformation & Project Management
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