Manama, Jan. 16 (BNA): The Bahrain Institute of Banking and Finance (BIBF), the leading provider of training and development in the region, recently received a delegation from Singapore’s Grow Digital Bank at its headquarters in Bahrain Bay, with the aim of exploring areas of mutual cooperation in digital transformation and banking and financial services. .
During the visit, the delegation was briefed on the Institute’s role in developing professional cadres in the banking and financial sector. They also learned about the academic degrees and training programs offered by the Institute in the field of business and technology, especially in banking, finance, sustainable development, digital transformation and financial technology.
The Director of the BIBF Institute, Dr. Ahmed Abdel Hamid Al-Sheikh, welcomed the delegation and expressed his happiness at receiving the Singaporean Grow Digital Bank, which opens the door for further cooperation between the two countries. He also indicated that the two parties will exchange distinguished financial technical expertise, which will lead to strengthening the Kingdom’s pioneering position as a leading center for digital transformation in the banking industry and contribute to achieving Bahrain’s economic vision 2030.
Moreover, Dr. Al-Sheikh explained that cooperation and exchange of experiences with leading global financial technology institutions is in line with the Kingdom’s initiatives to promote innovation in the financial sector and consolidate its position as a financial center, in addition to contributing to the expansion of financial opportunities. Institutions and financial technology companies in Bahrain and Singapore.
On the other hand, the Singaporean delegation thanked the Bahrain Institute for Banking and Financial Studies for the warm welcome, and praised its efforts in developing qualified cadres in the field of financial technology. They also praised the excellent investment and technological environment of the Kingdom of Bahrain, which attracts the world’s largest financial and technological companies.
It is noteworthy that the financial technology sector is going through many changes that create more job opportunities in the local and regional markets. The Kingdom of Bahrain has also launched many initiatives to achieve the best growth rates in a wide range of economic sectors, especially financial technology, through encouraging laws, strong infrastructure, and highly skilled national cadres.
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