MANAMA: Bahrain Fintech Bay yesterday announced its strategic partnership with Tamkeen and the Economic Development Board (EDB) for the upcoming RegFact conference.
Bahrain Fintech Bay is hosting RegFact on February 25 at the Diplomat Radisson Blu Hotel, Residence and Spa under the patronage of the Central Bank of Bahrain.
The event will be held with Tamkeen and EDB’s support as strategic partners and aims at creating a platform to discuss areas of the regulatory landscape in the region, and provide technologically advanced solutions to the ever-increasing demands of compliance within the financial industry.
RegFact is dedicated exclusively to the regulation and compliance ecosystem targeted at regulators, senior executives responsible for risk, compliance, financial institutions, technology vendors, and industry thought leaders and consultants.
RegFact will bring leaders leading the way in RegTech innovation and adoption to discuss the Bahrain regulatory landscape, regulation transformation, adoption and implementation within the region, and much more. It will include programmes, including interactive panels, speakers, country case studies, and an in-depth executive business training track.
The one day event will provide financial services players insightful perspectives, and highlight the significance of the processes relating to regulatory compliance in a collaborative, open and transparent manner.
Bahrain Fintech Bay chief executive Khalid Saad said, “We are excited to host RegTech in Bahrain. RegTech is changing the way firms and regulators interact, address and comply with regulations and is now a major theme of FinTech.
“As the FinTech ecosystem here in Bahrain and the wider region develops, RegTech will grow in prominence. We are proud of our partnership with the EDB and Tamkeen to deliver RegFact.”
Tamkeen CEO Dr Ebrahim Janahi stressed the importance of focusing on the role of regulation transformation as part of sustainability. “One of the most important elements that fosters economic growth is the regulatory framework in which activities are able to take place.
“We are keen to partner with the EDB and Bahrain Fintech Bay in delivering RegFact; this comes in line with our vision to develop and support Bahrain’s ecosystem by delivering the benchmarking insight of the leaders of RegTech innovation,” Dr Janahi added.
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