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Why the UK risks losing its fintech crown to Bahrain Does the slow pace of UK fintech regulation mean we’re falling behind new challenger hubs like Bahrain? 8 January 2021 • 6:00am The UK established a banking system in the late seventeenth century. In the Middle East, and in particular the gulf island nation of Bahrain, the banking sector was established in 1961. Fast forward to the late twentieth century and progress looks surprisingly equal. When it comes to Open banking, which is transforming the global banking for a post-Covid-19 world, Bahrain has arguably forged ahead. What has c...
FlexxPay, Bahrain Al Salam Bank sign co-operation deal MANAMA, December 12, 2020 FlexxPay, a social impact technology company with offices in Europe and the GCC, and Bahrain-based Al Salam Bank have signed a co-operation agreement in bid to offer innovative employee benefit solutions to businesses and government entities in the kingdom. The sharia compliant solution will give employees and pensioners access to a portion of their earned income whenever they want. Salaries, commissions, pensions, end of service benefits – all of these will be accessible to anyone at any point o...