April 28, 2021
The Central Bank of Bahrain (CBB) announced the launch of a series of nation-wide fintech innovation challenges, the Bahrain Supernova. The challenges will be hosted on FinHub 973, CBB’s Digital Lab, which is powered by Fintech Galaxy’s FinX22 Open API platform.
The challenges will be aimed at furthering the development of the fintech industry in the Kingdom of Bahrain within CBB’s digital strategy to boost collaboration and integration between financial institutions and startups utilizing open API’s.
Yasmeen Al Sharaf, Head of Fintech & Innovation Unit at the Central Bank of Bahrain
Commenting on the launch of the challenge, Yasmeen Al Sharaf, Head of Fintech & Innovation Unit at the Central Bank of Bahrain, said “We are pleased to announce the commencement of Bahrain Supernova on our digital lab, FinHub 973. The COVID-19 pandemic has rapidly accelerated the introduction of technological changes and advancements in every aspect of our lives. And with the increase in technological adoption comes the need to develop financial services in line with customer needs as the work environment is changing.”
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