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Banks create first fintech consortium

Bahrain Business
Wed, 06 Dec 2017
By Avinash Saxena


MANAMA: Three leading Bahrain-based financial institutions have come together to create the world’s first fintech consortium to develop Sharia-compliant banking solutions. Called Algo Bahrain, the consortium includes industry majors such as Al Baraka Banking Group (ABG), Kuwait Finance House-Bahrain (KFH-B) and Bahrain Development Bank (BDB) as founding members.

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