Bahrain FinTech Bay, the fintech ecosystem builder, has signed a memorandum of understanding with the Qatar Monetary Heart Authority, the worldwide enterprise and monetary centre, to reinforce fintech sector collaboration within the area.
The settlement establishes a complete framework for cooperation geared toward supporting the expansion and growth of startup networks and facilitating data alternate between Bahrain FinTech Bay and Qatar Monetary Heart Authority.
Bahrain FinTech Bay and Qatar Monetary Heart Authority are partnering to offer help to startups exploring enterprise alternatives inside one another’s territories.
Key facets of the settlement embody the availability of co-working house entry in Bahrain and Qatar for startups from BFB and QFCA throughout their enterprise journeys. This association will guarantee clean operations and networking alternatives for startups on the transfer.
Each organisations have additionally agreed to help startups with their enlargement plans into Bahrain and Qatar, by leveraging their in depth networks and native market insights. Each Bahrain FinTech Bay and Qatar Monetary Heart Authority plan to have interaction in collaborative analysis efforts in fintech and associated areas, fostering innovation and shared experience.
By sharing sources, data, and networks, Bahrain FinTech Bay and Qatar Monetary Heart Authority are supporting the expansion of startups, in addition to supporting broader financial growth within the area.
Bahrain FinTech Bay will welcome QFCA to its annual conferences for complete discussions and networking throughout the fintech panorama. In flip, QFCA will contribute speaker options and introductions for BFB’s future occasions. Each organisations will facilitate introductions between their core groups.
Organising digital periods to introduce one another’s fintech landscapes will probably be a precedence, selling cross-border understanding and alternatives. The memorandum of understanding additionally contains provisions for arranging visits to BFB and QFCA for delegations from Qatar and Bahrain, respectively, to strengthen ties and encourage direct engagement.
