A new collaboration has been signed between the Israel Advanced Technology Industries (IATI), and the Bahrain Fintech Hub to develop joint initiatives and support the fintech sector in both countries and the region.
Announcing the collaboration earlier this week in Two Aviv, the two organizations said that the collaboration will strengthen the drive the intention of both companies to expand their operations.
Commenting on the development, Karin Meyer Rubinstein, CEO and President of IATI, Rubinstein said the deal is “an important step for Israeli fintech companies” and “a great opportunity for the Israeli industry to develop new connections and collaborations that were not possible until now.”
“Bahrain Fintech Bay is one of the leading fintech organizations in the Middle East and I am confident that we will be able to create quality and innovative collaborations between the two countries,”
“This exciting step towards cross-border cooperation with the Israeli fintech industry will pave the way for future partnerships and strengthen the ecosystem in both countries,” said Sater.
“Bader Sater, CEO of Bahrain Fintech Bay, said that the country has made “tremendous progress in the adoption and promotion of innovative technologies and we look forward to this partnership to enable further growth of the fintech industry in Bahrain and create new opportunities for the fintech industry”. We are delighted to introduce our partners in Bahrain and IATI.”