A tale of 44 cities | Manama S e l f e v a u l a t i o n o f tH h eu hb u bi in nd i sc High Rankixa t ko e yr s a r e a Manamas Best workspace and accelerators Hub features Top FinTech companies Hub profile Technologies Paytabs, PIE & NEC. M o s c Big investors o Data analytics IswG State institutions, some private entrepreneurs and financial services that are keen o Cloud computing tav ne br on innovation. un Mobile lm CH9 e Gn l o b a Rukun l F APIs it Cn es n t r Manamaeu Tenmou Success stories 5p 8p Banking-as-a-service o Paytabs is a company that aims to revolutionise online payments by providing r t simple and trusted Payment Processing Solutions for Merchants or Individuals. Innovation areas Mex The future Bahrain is a long standing financial center in the region and the first ico City Compliance We anticipate a great deal of collaborative activity with the existing financial innovator in Islamic Finance. While Bahrain’s FinTech ecosystem is still Back-office operations services industry and the Central Bank on embracing new FinTech players, work in early stages of development, the collaboration between public and In Wholesale banking n INDEX SCOREo on adopting new regulation, setting up the regulatory sandbox and introducing private stakeholders in developing FinTech makes Bahrain stand out in va Robo advisors t a new FinTech accelerator in Bahrain that would host new local and international Johannesburgni o Islamic Finance the global stage. Bahrain has ambitions to be a testbed for startups oitac n market entrants. Bahrain is also looking to host a series of FinTech events to looking to expand across the GCC and are connecting with other vonn178utlu further raise awareness, e.g., the AFS FinTech Forum in March. international hubs to learn from best practice. Specific areas ofI labxed7erChallenges olGnI5 interest for Bahrain include Islamic Finance, crowdfunding,Low Rank36uBD Risk averse culture payment services and RegTech.enisnio Small size of market ssg Limited exit opportunities tise Reper gulao ex tionty t imi rox P Hub representativeFormers Economic Development eign sto custo Board of BahrainartupsProximity t Head of Financial Services & FinTech David Parker 51