Manama: Bahrain Fintech Bay will host the first “Fintech for Sustainability Hackathon” in the MENA Region in partnership with BENEFIT and The Manama Hub of the Global Shapers Community, with the objective of nurturing fintech talents to meet the evolving needs of the financial services sector. The month-long hackathon will start in February open to all university students in Bahrain.
The joint initiative will gather multidisciplinary students from local universities, to participate in the first Fintech for Sustainability in the MENA region, with the goal of promoting Bahrain’s ecosystem within the fintech industry by giving students the exposure and opportunities within the financial industry. In addition, it will be a platform that will encourage students to find opportunities within the fintech industry in Bahrain and beyond.
The program will be running for four weeks, where industry experts will provide educational sessions on the United Nation’s Sustainable Development Goals (SDGs), the financial technology “fintech” industry trends, and the opportunities for connecting the industry to sustainability in the context of Bahrain. Prizes will include internship opportunities for students which could lead to working opportunities. In addition, industry partners will also provide weekly mentorship and workshops for the participants to learn directly from industry experts who will be hosting workshops.
The Manama Hub will conduct a multi-day roadshow, visiting all universities across Bahrain to encourage passionate students to sign up for the Hackathon and showcase their innovations. 50 participants will have 6 hours to come up with innovative solutions under the Fintech theme for sustainability where 3 winners will be selected based on their final presentation. “Consistent with the World Economic Forum's mission of applying a multi-stakeholder approach to address issues of global impact, we are happy to collaborate with Benefit and Bahrain FinTech Bay on developing innovative solutions to tackle world problems by using financial technology as an enabler.” Stated Nada Darwish, Curator, Manama Hub of the Global Shapers Community
“We are excited to host the first Fintech for Sustainability Hackathon in Bahrain at Bahrain Fintech Bay. This joint effort between us, Benefit and the Manama Hub will create opportunities for students to gain industry insights, understand sustainability more and address real industry challenges. This will help promote more awareness and innovation in Bahrain's FinTech ecosystem" said Khalid Saad, CEO of Bahrain Fintech Bay.
-Ends-
Bahrain FinTech Bay
Bahrain FinTech Bay (“BFB”) is the leading FinTech Hub in Middle East, located conveniently in the Arcapita Building, Bahrain. Bahrain FinTech Bay provides a physical hub to incubate insightful, scalable and impactful FinTech initiatives through innovation labs, acceleration programmes, 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 startups to bring the full spectrum of financial market participants and stakeholders together. For more information on Bahrain FinTech Bay visit: http://www.bahrainfintechbay.com
BENEFIT
BENEFIT was established in 1997 and is licensed by the Central Bank of Bahrain (CBB) as an ancillary service provider to the Kingdom’s financial services industry. BENEFIT is owned by Banks in Bahrain, regulated by the Central Bank of Bahrain (CBB), and provides innovative e-Payment products to the Kingdom’s banks, retailers and consumers.
The Manama Hub of the Global Shapers Community
Founded by the World Economic Forum in 2011, the Global Shapers Community is a network of inspiring young people working together to address local, regional and global challenges. With more than 6,000 members, the Global Shapers Community spans 378 city-based Hubs in 163 countries and territories. The Manama Hub is the local chapter of the Global Shapers Community and is considered independent legally from the World Economic Forum and the wider Global Shapers Community.
BFor media inquiries, please contact:
Fatema Ebrahim
+97339740002
f.iebrahim@gmail.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
