Manama, Bahrain – Bahrain Fintech Bay is delighted to announce their strategic partnership with Tamkeen and the Economic Development Board Bahrain for the upcoming RegFact conference. Bahrain Fintech Bay will be hosting RegFact held on February 25th, 2019 from 8:00am – 4:00pm in The Diplomat Radisson Blu under the patronage of the Central Bank of Bahrain.

The event will be held with Tamkeen and EDB’s support as strategic partners aiming at creating a platform to discuss areas of the regulatory landscape in the region, and provide technologically advanced solutions to the ever increasing demands of compliance within the financial industry. RegFact is dedicated exclusively to the regulation and compliance ecosystem targeted at regulators, senior executives responsible for risk, compliance, financial institutions, technology vendors, and industry thought leaders and consultants

Commenting on the partnership, Khalid Saad CEO Bahrain Fintech Bay said, “We are excited to host our RegTech event, RegFact here in Bahrain. RegTech is changing the way firms and regulators interact, address and comply with regulations and is now a major theme of FinTech. As the FinTech ecosystem here in Bahrain and the wider region develops, RegTech will grow in prominence. We are proud of our partnership with the Bahrain Economic Development Board and Tamkeen to deliver RegFact."

Dr Ebrahim Mohammed Janahi, the Chief Executive of the Labour Fund “Tamkeen”, stressed the importance of focusing on the role of regulation transformation as part of sustainability.

“One of the most important elements that foster economic growth is the regulatory framework in which activities are able to take place. We are keen to partner up with the EDB and Bahrain Fintech Bay in delivering RegFact; this comes in line with our vision to develop and support Bahrain’s ecosystem by delivering the benchmarkable insight of the leaders of RegTech innovation.”

RegFact will bring leaders leading the way in RegTech innovation and adoption to discuss the Bahrain Regulatory Landscape, regulation transformation, adoption and implementation within the region, and much more. The event will include a set of programmes which build on RegTech including interactive panels, speakers, country case studies, and an in-depth executive business training track. The one day event will provide financial services players insightful perspectives, and highlight the significance on the processes relating to regulatory compliance in a collaborative, open and transparent manner.

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About Bahrain FinTech Bay (“BFB”)

The Bahrain FinTech Bay (“BFB”) is the leading FinTech Hub in Middle East, located in the Arcapita Building, Bahrain. Bahrain FinTech Bay provides a physical hub to incubate insightful, scalable and impactful FinTech initiatives through innovation labs, acceleration programs, curated activities, educational opportunities and collaborative platforms. Bahrain FinTech Bay partners with governmental bodies, financial institutions, corporates, consultancy firms, universities, associations, media agencies, venture capital and FinTech start-ups to bring the full spectrum of financial market participants and stakeholders together. We believe in partnership and collaboration to drive forward Middle east’s FinTech ecosystem. For more information on Bahrain FinTech Bay visit http://bahrainfintechbay.com/

Tamkeen

Tamkeen is a public authority established in August 2006, tasked with supporting Bahrain’s private sector and positioning it as the key driver of economic growth and development. Tamkeen is one of the cornerstones of Bahrain’s national reform initiatives and Bahrain’s Economic Vision 2030. Tamkeen has two primary objectives - firstly, foster the development and growth of enterprises, and second provide support to enhance the productivity and training of the national workforce. To achieve these objectives -Tamkeen’s 2018-2020 strategy focuses on Diversifying offerings, Accelerate delivery and Sustaining Impact. A number of innovative programs are provided to Bahraini individuals and businesses across all economic sectors which includes training, financing, grants, advisory, entrepreneurship support and others. These programs help develop the capabilities of Bahraini individuals and enterprises in the Kingdom; it also integrates new critical concepts for a vibrant sustainable private sector. With over 330 different initiatives, Tamkeen served more than 170,000 Bahraini individuals and businesses to date.

Economic Development Board Bahrain (EDB)

The Bahrain Economic Development Board (EDB) is a dynamic public agency with overall responsibility for attracting inward investment into Bahrain and supporting initiatives that help enhance the investment climate in the country.The role of the EDB is to work with the government and both current and prospective investors, in order to ensure that Bahrain’s investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment. The EDB focuses on several economic sectors that capitalise on Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, professional services, manufacturing, ICT, logistics and transport. The financial services sector is particularly strong in Bahrain and the EDB works to support the continued growth of the banking industry and key sub-sectors, including Islamic finance, wealth management, asset management, insurance and re-insurance.

For media inquiries, contact:

Fatema Ebrahim

Andra Public Relations & Corporate Communications

Fatema@andrapr.com

(973) 39740002

© Press Release 2019

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