FinTech & Innovation
As part of the Central Bank of Bahrain’s ongoing initiatives towards financial digital transformation in the Kingdom and developments in digital financial services, the CBB established a dedicated Fintech & Innovation Unit to ensure that best services are provided to individual and corporate customers in the financial services sector by encouraging an agile regulatory framework that fosters FinTech and innovation.
This follows the CBB’s other initiatives, which includes introducing a Regulatory Sandbox that will allow startups, FinTech firms and licensees to provide innovative banking and financial solutions, in addition to the issuance of Crowdfunding regulations for both conventional and Sharia-compliant services.
The CBB’s FinTech & Innovation Unit is also responsible for the approval process to participate in the Regulatory Sandbox, supervision of authorized Sandbox companies’ testing progress, monitoring technical and regulatory developments in the FinTech field, both regionally and internationally, to lead on strategic FinTech initiatives and to work closely with all stakeholders within the FinTech ecosystem in the Kingdom.
FinHub973: CBB Digital Lab
Global Financial Innovation Network (GFIN)
Regulatory Sandbox Framework
Regulatory Sandbox Register
The following list shows the current FinTech Regulatory Sandbox Approved Companies and the Authorization Date to join the sandbox. Please hover over the company to view more details.
21 February 2022
Crowdfunding Platform Operator4110 Al-Imam Muhammad Ibn Saud Rd – Khuzama District Unit No. 525 Riyadh 12572 - 8807 Kingdom Of Saudi Arabia
Twazn Digital Investment
25 January 2022
Digital Financial Advice
Drahim App Fintech LLC
16 January 2022
Open Banking Platform3634 Anas Bin Malik Al Malqa Dist. Riyadh 13524-6441 Kingdom of Saudi Arabia
Mawwelny Technologies Ltd
16 January 2022
Trading FinanceDD-15-134-007, Level 15, Wework Hub 71, Khatem Tower, ADGM Al Maryah Island, Abu Dhabi United Arab Emirates
10 January 2022
Cross-Border Payment Service ProviderN/A - Not Incorporated
21 December 2021
SME Financing PlatformHouse 1009, Road 1225 Block 312 Kingdom of Bahrain
12 September 2021
Smart Interactive ReceiptsOffice 21, Ajeyaad Seef, Building 2304, Road 2830 Seef 428, Kingdom of Bahrain
1 September 2021
Buy Now, Pay LaterOffice no 302, Building 551, Road 4612, Block 346, Manama – Water Bay, Kingdom of Bahrain
Fintech 1999 for Internet Solutions
26 July 2021
Aggregator of Financial Products InformationOffice 11, Building 548, Road 4415, Block 244 Arad, Kingdom of Bahrain
Ghazeer Information Tech. Company "Amyal Insurance"
8 July 2021
Auto Insurance Data Analytics Provider8872 ,Emaar Square Jeddah Saudi Arabia
8 July 2021
Investment Portfolio ManagementN/A - Not Incorporated
24 June 2021
Rewards and Paymentsin5 Design - EO12 Dubai Design District, Dubai United Arab Emirates
INABLR MIDDLE EAST W.L.L.
12 April 2021
Tokenization Services CompanyINABLR MIDDLE EAST W.L.L. DSO - IFZA Dubai Silicon Oasis Dubai, UAE
9 February 2021
Digital Contract Payment Network496 Aureole Walk New Market, Suffolk England, United Kingdom
31 January 2021
Loan Aggregator - AISPP.O.Box 10667 Jeddah 21443 Saudi Arabia
Raseed Invest Inc.
3 December 2020
Investment Platform981 Mission Street #15 San Francisco, CA 94103 United States of America
10 October 2019
Sandbox Ancillary Service ProviderOffice 2046 RESCOWORK02 Al Sila Tower, Abu Dhabi Global Market Square Abu Dhabi United Arab Emirates
23 July 2019
Sandbox Ancillary Service Provider - Micro-lending platformInteractive Solutions for Financing LLC King Hussein Business Park Building 7, Ground Floor P.O. Box 851222 Amman 11185 Jordan