Bahrain EDB & India to promote FinTechs

Financial technology, or FinTech, has been at the forefront of the digital strategy of many organisations and governments. It has a large potential to drive innovation and consequently the country’s corporations and economy. Recently, the Bahrain Economic Development Bank (EDB), the investment promotion arm of the Kingdom of Bahrain, and the Government of Maharashtra in India signed a memorandum of understanding (MoU) to provide a framework for co-operation between the two authorities to promote FinTech in their respective markets.

The MoU underlines the intent of both governments to strengthen the ties between Bahrain and India, and explore the synergies in financial technology between the two economies over the coming three years. ‘’With this collaboration, we stand at the frontier of a new future. We are going to work together to unlock a new generation of talent, creativity, and innovation and be prepared for a future in which technology will be a game changer”, stated Shri S.V.R Srinivas, the Principal Secretary of DIT.

Learn more about how the collaboration between Bahrain and Maharashtra will support FinTech here.