Fin Tech Focus

Open banking platform

January 15 - 21 , 2020

Gulf Weekly Naman Arora
By Naman Arora

Gulf Weekly Open banking platform

An Open Banking conference is set to be hosted by the Bahrain FinTech Bay (BFB) next month.

The OpenX 2020, which is being held under the patronage of the Central Bank of Bahrain (CBB), will take place at Four Seasons Hotel Bahrain Bay on February 27. It will host more than 25 speakers and aims to attract more than 300 delegates, covering pertinent topics such as regulations, monetisation of open banking, application programming interfaces (APIs) and data protection.

Khalid Saad, chief executive of BFB said: “As part of its continued efforts to develop world class and forward-looking FinTech regulations, Bahrain has become the first country in the Middle East to embrace open banking at a national level. Open banking is transforming the way financial institutions operate and interact with their customers. OpenX aims to be the platform that brings together different stakeholders to shed light on this new paradigm and explore collaborative opportunities.”

The platform aims to provide knowledge exchange, foster synergies among market players to find solutions, encourage, and promote a more open digital economy. It will bring together leaders and innovators from banks, FinTech and big tech companies to discuss the latest insights in open banking technologies and trends.

In addition, the platform will host networking sessions creating an environment to connect with peers and discuss crucial topics.

The agenda includes keynote speeches and various panels highlighting the emergence of a new regulatory banking landscape, the global perspective and adoption of open banking, open banking in practice, and more.

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