BAB launches ‘Digital Transformation’ award

Rasheed Al Maraj with BAB leadership The Bahrain Association of Banks (BAB) has launched the ‘Digital Transformation in the Banking Sector’ award to mark the International Day of Banks. At an open gathering hosted by BAB, Rasheed Al Maraj, the Governor of the Central Bank of Bahrain, alongside various leaders from Bahrain’s banking and financial sector, took part. The award has been designed for all banks and financial institutions, which aims to incentivise the adoption of digital transformation within the banking sector, spotlighting noteworthy initiatives that embrace optimal practices, policies, and strategies. Growth opportunities "We are delighted that the International Day of Banks serves as an opportunity to engage with leaders of financial and banking institutions. It allows for discussions on visions and perspectives concerning the continued enhancement of the financial governance sector in Bahrain, and encourages the adoption and localisation of the best international experiences and practices within the banking industry. This includes exploring growth opportunities and staying abreast of recent trends related to environmental, social, and governance practices, open banking, financial technology, and other pertinent areas," said Al Maraj. Al Maraj acknowledged the endeavour by BAB as part of the Financial Services Sector Development Strategy 2022-2026. He […]

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