FinTech & Innovation

About 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.

Apply for the Regulatory Sandbox

Global Financial Innovation Network (GFIN)

About Global Financial Innovation Network (GFIN)

The Global Financial Innovation Network (GFIN) was formerly launched in January 2019 [link to GFIN news story] by an international group of financial regulators and related organisations, including the Financial Conduct Authority (FCA). This built on the FCA’s early 2018 proposal to create a global sandbox.

The GFIN is a network of 28 organisations committed to supporting financial innovation in the interests of consumers.

The GFIN seeks to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas. This includes a pilot for firms wishing to test innovative products, services or business models across more than one jurisdiction.

It also aims to create a new framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.

 

Confirming the GFIN’s functions

The GFIN was proposed in a consultation paper in August 2018 [link to https://www.fca.org.uk/publication/consultation/gfin-consultation-document.pdf]. The GFIN received 99 responses from 26 jurisdictions in response to the consultation paper. The response from industry and other international regulators was overwhelmingly positive in favour of establishing the GFIN to facilitate a new practical method of regulatory collaboration on innovation and creating an environment for cross-border testing.

Following this consultation, the GFIN has finalised terms of reference for governance and membership of the group [link to ToR doc] and confirmed 3 primary functions:

  • To act as a network of regulators to collaborate and share experience of innovation in respective markets, including emerging technologies and business models, and to provide accessible regulatory contact information for firms.
  • To provide a forum for joint RegTech work and collaborative knowledge sharing/lessons learned.
  • To provide firms with an environment in which to trial cross-border solutions.

 

Since the end of the consultation, the GFIN has discussed further development of our core functions and next steps of the network. Alongside discussions on the sharing of experience, regulators involved agreed to launch a pilot phase of cross-border testing (for firms) and to formalise the membership and governance structure for regulators and international organisations interested in joining the Network.

Following the consultation feedback, the GFIN has:

  • Opened a 1 month application period for a pilot phase of cross-border testing. Interested firms are asked to submit applications to relevant participating regulators by 28 February 2019.
  • As part of the finalised terms of reference for governance and membership, expanding from the founding 12 members, the group now includes 28 organisations. Financial regulators and related organisations with a commitment to supporting innovation in the interest of consumers are invited to join.

 

Cross-border testing applications – pilot phase for firms

Consultation feedback indicated widespread support for creating an environment that allowed firms to simultaneously trial and scale new technologies in multiple jurisdictions, gaining real-time insight into how a product or service might operate in the market.

To support the development of cross border testing we have opened a 1 month application window for firms interested in joining a pilot cohort for cross-border testing.

Firms wishing to participate in this pilot phase must meet the application requirements of all the jurisdictions in which they would like to test. For example, a firm wishing to test in the UK, Australia and Hong Kong must independently meet the eligibility criteria, and/or other relevant standards, of the regulators in those jurisdictions.

Interested firms should note whether a particular regulator is the relevant authority for the proposed activity before applying to test in their jurisdiction.

Each regulator will decide whether a proposed test meets its individual screening criteria, areas of interest, and ability to support the activity. Each regulator will also make sure that appropriate safeguards for their jurisdiction are in place. Regulators are only responsible for tests in their jurisdictions and should consider the associated risks. We believe this is important to maintain high standards of consumer protection and market integrity in regulators’ respective jurisdictions.

Pilot tests will run for a 6-month period, unless regulators agree to extend them. We expect the pilots will run from Q2 2019.

This pilot is as much a trial for GFIN members as it will be for firms. We are looking for firms who can be flexible and agile in their participation, and can provide GFIN regulators with feedback on their experience. Firms will benefit from the opportunity to test and compete in the regulated space, and their tests will help inform the future work of the network. Over time, trials could inform regulatory authorities about potential areas of regulatory convergence, although we stress this is a longer-term opportunity.

 

Firms interested in applying to GFIN cross-border testing should review the list of regulators currently able to support the pilot test (see list below) and submit an application to each jurisdiction in which they would like to test before the 28 February 2019 deadline.

Regulatory Sandbox Framework

RS-A Introduction

RS-A.1

Purpose

RS-A.1.1

The Regulatory Sandbox Framework sets out the Central Bank of Bahrain’s (‘CBB’s) approach to authorizing Regulatory Sandbox participants in the Kingdom of Bahrain.

RS-A.1.2

The Regulatory Sandbox is a virtual space for both CBB-licensed financial institutions and other firms to test their technology-based innovative solutions relevant to FinTech or the financial sector in general.

RS-A.1.3

The duration of the Sandbox is up to 9 months with a maximum extension of three months.

RS-A.1.4

The Intellectual Property (IP) rights of the technology/service developed by the Applicant before or during the Sandbox period belong to the Applicant. Also, Applicants must not violate other people’s/firms’ IP rights.

RS-A.1.5

The Regulatory Sandbox must not be used as a means to avoid the legal
and regulatory requirements already in place

RS-A.1.6

The CBB reserves the right to publish relevant summary information about successful Applicants on its website or any other public information channel.

RS-A.2

Framework History

RS-A.2.1

This Framework was first issued in May 2017. It was subsequently amended in
August 2017 according to circular EDBS/KH/C/40/2017 dated 28th August 2017
to allow both existing solutions that have already been technically tested in a lab environment, as well as ideas yet to be developed to be tested in the Regulatory
Sandbox.

RS-A.2.2

The Framework was amended and reformatted in August 2018.

RS-A.3

Scope of Application

RS-A.3.1

The Sandbox application process is open to both existing CBB licensees (financial
institutions with FinTech initiatives) and other companies (local + foreign). The latter may include financial sector companies as well as technology and telecom companies intending to test an innovative product or service, professional service firms which partner with or service financial institutions, or any other type of applicant working within the financial services industry deemed acceptable by the CBB.

RS-A.3.2

It is prohibited to use the term ‘licensed’ in the course of their Regulatory Sandbox testing period, or otherwise hold themselves out to be a licensee in Bahrain, unless they hold the appropriate license from the CBB. The correct term to be used is “Authorised Regulatory Sandbox Participant”.

RS-B Eligibility Criteria

RS-B.1

Eligibility Criteria

RS-B.1.1

The Regulatory Sandbox eligibility criteria includes the following:
(a) Innovation: The solution must be truly innovative or significantly different from existing offerings, or offer a new use for existing technologies, as evidenced by market research, and a comparison of the key features of the Applicant’s technology or operating methodology against competitors.
(b) Customer benefit: The solution must offer identifiable direct or indirect benefits to customers (e.g. customer research showing improved security, customer experience, efficiency, quality of product, lower prices, a combination of any of the above, etc.) These must be supported with quantifiable estimations or demonstrations where possible.
(c) Technical Testing for existing Solutions: In case of existing solutions, results of the technical testing must be made available to the CBB. Alternatively, an independent external validation from a reputed third party of the technical soundness of the solution must be obtained.
(d) Readiness for regulatory testing: The Applicant must show welldeveloped regulatory testing plans and sufficient safeguards to protect volunteer customers. Key risks of the solution and how they can be mitigated must be separately highlighted.

RS-B.1.2

The Applicant must demonstrate eligibility to the satisfaction of the CBB by showing clear evidence as outlined above or in any other applicable way acceptable to the CBB.

RS-B.1.3

The Regulatory Sandbox may not be suitable in such cases as where the Applicant has no intention to deploy the solution in Bahrain on a broader scale after successfully exiting the Sandbox.

RS-1 Application and Approval Process

RS-1.1

Filing Requirements

RS-1.1.1

Applicants wishing to enter into the CBB’s Regulatory Sandbox must apply to the CBB through the Regulatory Sandbox online application platform accessed via the CBB’s official website. The application must be supported by a cover letter signed by an authorised signatory of the applicant marked for the attention of the Director, Licensing Directorate.

RS-1.1.2

An Applicant may appoint a representative – such as a law firm or professional consultancy – to prepare and submit the application. However, the Applicant retains full responsibility for the accuracy and completeness of the application, must certify the application form accordingly

RS-1.1.3

The CBB also expects to be able to liaise directly with the applicant during the authorisation process, when seeking clarification of any issues.

RS-1.1.4

In cases where more than one FinTech firm are jointly involved in an innovative project they may apply jointly for the Sandbox or with one firm taking the lead.

RS-1.1.5

An application for the Regulatory Sandbox must include the following filing requirements:

(a) A brief description of the Applicant organization, including its financial standing, technical and business domain expertise;
(b) A brief description of the financial service to be experimented on in the Sandbox;
(c) A description of how the Applicant has met the Eligibility Criteria described in Paragraph RS-B.1.1 with supporting evidence;
(d) A disclosure of the boundary conditions for the Sandbox such as start and end dates, target volunteer customer types, volunteer customer limits, transaction thresholds, cash holding limits, and so on;
(e) An assessment of the Applicant’s readiness for testing which shall include volunteer customer safeguards and testing plans as described in Subparagraph RS-B.1.1 (D). Test scenarios must include a quantification of the maximum potential direct and indirect losses and impact of the experiment;
(f) A description of the volunteer customer communications plan, which must include risk disclosures and material information about the company and the Sandbox;
(g) A description of the targets and key performance indicators, which will be used to determine the success of the experiment;
(h) A description of information and cyber security and other relevant measures taken by the Applicant to ensure maintaining safety of the solution;
(i) A description of any third party outsourcing arrangement including the due diligence conducted by the Applicant on the third party to ensure information and cyber security; and
(j) An assessment of the exit plan, scale-up and deployment strategy, along with an assessment of the timeline and gaps if any in meeting any heightened legal and regulatory requirements after exiting the Sandbox.

RS-1.1.6

All documentation provided to the CBB as part of an application for the Regulatory Sandbox must be in either Arabic or English language. Any documentation in a language other than English or Arabic must be accompanied by a certified English or Arabic translation thereof. The certification must include the words “original sighted” together with a date and signature of the concerned authorised official (along with corporate stamp where applicable). The certifier’s contact details must be clearly available (e.g. business card) with the certification.

RS-1.2

Application Fee

RS-1.2.1

Applicants seeking entry to the Regulatory Sandbox must pay to the CBB a non-refundable application fee of BD 100, which shall be paid in the manner specified by the CBB at the time of submitting their formal application through the Regulatory Sandbox online application platform.

RS-1.2.2

Applicants must pay the required application fee on the following bank details:

Beneficiary Name: Central Bank of Bahrain
Bank Name: National Bank of Bahrain, Head Office
Account No.: 00150003234
Swift Code: NBOBBHBM
IBAN: BH62NBOB00000150003234

RS-1.3

CBB Approval Process

RS-1.3.1

As part of the application process, the CBB shall provide a formal decision on a Regulatory Sandbox application within 15 calendar days after all required documentation have been submitted in a form acceptable to the CBB. Applicants are encouraged to approach the CBB to discuss their application at an early stage, so that any specific questions can be dealt with prior to the finalisation of the application.

RS-1.3.2

The CBB shall review the application and duly advise the applicant in writing when it has:
(a) Granted the application without conditions;
(b) Granted the application subject to conditions specified by the CBB; or
(c) Refused the application, stating the grounds on which the application has been refused and the process for appealing against that decision.

RS-1.3.4

The CBB may consider relaxing certain legal and regulatory requirements while maintaining others. Depending on the case of the Applicant, the CBB will determine which requirements will be relaxed and to what extent.

RS-1.3.5

The CBB reserves the right to accept two or more Applicants offering the same/similar service or solution.

RS-2 Standards and Obligations

RS-2.1

General Obligations

RS-2.1.1

An authorised Regulatory Sandbox participant must adhere to the relevant CBB regulations on confidentiality of customer information, Know Your Customer (KYC), Anti Money Laundering (AML) and Countering Financing of Terrorism (CFT) at all times.

RS-2.1.2

For purposes of paragraph RS-2.1.1, any volunteer customer data used for regulatory testing must not be used for any other purpose during or after the Sandbox period.

RS-2.2

Ongoing Obligations

RS-2.2.1

Escrow Account Requirements

RS-2.2.1 An authorised Regulatory Sandbox participant must entrust a CBBlicensed retail bank with any handling of volunteer customers’ moneys through an escrow account arrangement. The authorised Regulatory Sandbox participant must provide a confirmation from the licensed retail bank that an escrow account has been opened for the purpose of handling client moneys and/or assets.

RS-2.3

Reporting Requirements

RS-2.3.1

An authorised Regulatory Sandbox participant must submit a monthly progress report to the CBB at the end of every calendar month, signed by the senior management and to be emailed to [email protected] .
Such periodic reports must include at a minimum the following information:

  • Progress on the defined Key Performance Indicators (“KPIs”)
  • Key milestones achieved relative to the defined KPIs;
  • An updated risk register including trigger events, treatment and possibility of any risks materialising;
  • Detailed log of operational or technical incidents (if any) and steps taken to address the same; and
  • Details on any audits conducted (and, where applicable, submission of signed audit reports).

RS-2.3.2

The CBB reserves the right to request the authorised Regulatory Sandbox participant to provide more information as and when required.

RS-2.3.3

An authorised Regulatory Sandbox participant must submit a detailed final report prepared by a reputed third party, who must be preapproved by the CBB, within one month of completion of the Regulatory Sandbox testing period.

RS-2.3.4

The authorised Regulatory Sandbox participant must, in cooperation with the appointed independent third party, define the scope of the detailed report and obtain the CBB’s prior approval on it. To the extent possible, the reporting format must be kept simple and concise, and must cover, at a minimum, the following:

  • A comprehensive evaluation of all aspects relating to Regulatory Sandbox test, including key findings and results
  • An assessment on whether defined KPIs were met or not
  • Key risks identified and key steps taken to address and mitigate such risks
  • Detailed log of operational or technical incidents (if any) and steps taken to address them
  • Feedback from Volunteer Customer, including complaints (if any)
  • Details on any audits conducted

RS-2.4

Notification Requirements

RS-2.4.1

Where the authorised Regulatory Sandbox participant intends to apply for an extension for the testing period of up to three months, the CBB must be notified at least 14 days prior to the expiry of the 9-months Sandbox testing period. The authorised Regulatory Sandbox participant must demonstrate to the CBB that there is a valid reason for the extension.

RS-2.4.2

Any material changes to the information provided to the CBB in support of a Regulatory Sandbox application that occurs prior to authorisation must be reported to the CBB.

RS-2.4.3

During the Sandbox testing period, an authorised Regulatory Sandbox participant must notify the CBB as soon as practicable of any proposed change to the approved filing requirements. Such notification must provide details of the changes with reasons and supporting evidence. The proposed change is subject to CBB approval.

RS-2.4.4

The CBB shall assign a point of contact to each of the Applicants. Similarly, each Applicant must assign a contact person to coordinate with the CBB.

RS-2.5

Systems and Controls

RS-2.5.1

An authorised Regulatory Sandbox participant must maintain systems and controls that are, in the opinion of the CBB, adequate to address the risks of financial crime occurring in the course of the testing period.

RS-2.5.2

An authorised Regulatory Sandbox participant must maintain sufficient systems and procedures in respect of the handling of clients’ money and/or assets, including but not limited to the requirement of segregation of volunteer customers’ money and/or assets and the risk management and internal controls systems to address this requirement.

RS-3 Volunteer Customers

RS-3.1

Volunteer Customers

RS-3.1.1

An authorised Regulatory Sandbox participant must follow measures designed to provide appropriate levels of disclosure and risk mitigation to their volunteer customers as described in their filing requirements and as approved by the CBB.

RS-3.1.2

The testing of a product or service is limited in terms of the number of volunteer customers up to 100. The amounts and transaction limits are to be decided by the CBB on a case-by-case basis.

RS-3.1.3

The authorised Regulatory Sandbox participant’s staff may also participate as volunteer customers.

RS-3.1.4

An authorised Regulatory Sandbox participant must follow appropriate disclosure, protection and compensation requirements related to their customers. In case of any losses during the Sandbox period (including
investment losses as a result of technical, operational and procedural failures resulting from the authorised Regulatory Sandbox participant) to the volunteer customers where the authorised Regulatory Sandbox participant will compensate them and must demonstrate that they have the resources to do so.

RS-3.1.5

An authorised Regulatory Sandbox participant must communicate the key risks to the volunteer customers who agree to participate in the regulatory testing during the Sandbox period, and obtain confirmation from them that they fully understand and accept these risks.

RS-3.1.6

For purposes of paragraph RS-3.1.5, the communication should be clear and in writing, informing the volunteer customers of the objective of the testing and what is expected of them. It should also inform the volunteer customers of the compensation they should expect to receive in case they suffer a monetary loss (for no fault of their own) during the regulatory testing

RS-3.1.7

An authorised Regulatory Sandbox participant must provide to the CBB a finalized template of the volunteer customers’ agreement prior to engaging with such volunteer customers and testing the solution in the Regulatory Sandbox.

RS-3.1.8

Any cases of disputes between an authorised Regulatory Sandbox participant and their volunteer customers or other companies during the Sandbox testing period should be covered within the bilateral contract/understanding between the two parties.

RS-3.1.9

The CBB may receive the volunteer customers’ complaints about the authorised Regulatory Sandbox participant’s service/solution. The CBB reserves the right to decide on the appropriate redressal mechanism, however will not interfere in any legal action.

RS-3.1.10

An authorised Regulatory Sandbox participant must fulfil its existing obligations towards its volunteer customers and/or other parties in case of early termination of the Sandbox period by the CBB or by the Applicant itself.

RS-4 Interaction with Media

RS-4.1

Interaction with Media during the Regulatory Sandbox Testing Period

RS-4.1.1

Authorised Regulatory Sandbox participants must notify the CBB prior to the issuance of any media publication/report and must obtain the CBB’s prior written approval.

RS-4.1.2

Authorised Regulatory Sandbox participants must state their actual status as an “Approved Company Operating under the CBB’s Regulatory Sandbox” in any publication, reports and/or announcements they make and must refrain from making misleading announcements regarding their status e.g. must avoid words like licensed, regulated, registered etc.

RS-4.1.3

The CBB has the right to withdraw the approval extended to the Sandbox Applicant in case, amongst other reasons, the authorised Regulatory Sandbox participant was found in violation of the provisions indicated in this section with regard to the use of media.

RS-5 Terminating or Exiting the Regulatory Sandbox

RS-5.1

Termination of the Regulatory Sandbox Authorisation

RS-5.1.1

The CBB may ask a firm for an early exit from the Sandbox if it determines that the intended test outcome as per the filing requirement plan has not been and is unlikely to be achieved and the progress is unsatisfactory, or a critical flaw (i.e. a flaw that causes the risk to customers or the financial system to outweigh any benefits of the service, as determined by the CBB) has been discovered in its product/service that cannot be resolved during the Sandbox testing period.

RS-5.1.2

The CBB may also terminate the Sandbox trial upon discovery of any material breach of the conditions on which the Sandbox application was approved.

RS-5.1.3

If the CBB terminates the Sandbox testing period for an authorised Regulatory Sandbox participant before the expiry of the approved testing period, the authorised Regulatory Sandbox participant has a right to appeal to the CBB within 30 days of the termination if it is not satisfied with the decision. The CBB shall provide a response within 30 days of receiving the appeal in writing

RS-5.2

Exiting the Regulatory Sandbox

RS-5.2.1

The Applicant may choose to discontinue the Sandbox trial during the Sandbox testing period after giving a one month notice to the CBB.

RS-5.2.2

Upon successful completion of the Regulatory Sandbox testing period and exiting the Sandbox, the Applicant may apply for the relevant license as directed by the CBB.

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 copmany to view more details.

image description
Bitcove Bahrain

11 February 2019

Sandbox Ancillary Service Provider - Cryptocurrency Exchange

Millcove digital Solutions Ltd. Millcove Rosscarbery Co Cork 579214 Ireland
image description
Global Primex Limited

30 January 2019

Sandbox Ancillary Service Provider-Payment Solution

Level 10, Maeva Tower, Silicon Avenue Cybercity, Ebene Republic of Mauritius
image description
Chen En Limited

31 December 2018

Sandbox Ancillary Service Provider Cryptocurrency Trading Platform

Room 618, Building 16 Huamao Commercial Building, No. 89 Jianguo Road, Chaoyang District, Beijing China
image description
Stronghold Institutional Services Ltd

31 December 2018

Sandbox Ancillary Service Provider - Payment Platform

6 Hazeldean Road Addington Christchurch 8024 New Zealand
image description
Fuzhou Wangle NetworkTechnology Co. Ltd.

4 December 2018

Sandbox AncillaryService Provider- Cryptocurrency Exchange

Rm. 320, Building 3, Zone C Fuzhou Software Park 89 Software Avenue Tongpan Road, Gulou District Fuzhou, Fujion China
image description
Hubuc Solutions S.L.

25 November 2018

Sandbox AncillaryService Provider - Open Banking Solutions

Calle Prat de la Riba 11B 2-1, 08150 Parets Del Valles Spain
image description
Basket FZE

21 November 2018

Sandbox AncillaryService Provider - Cryptocurrency ATM

UAQ Free Trade Zone P.O. Box 7073 Umm Al Quwain United Arab Emirates
image description
Verify Bahrain S.P.C.

19 November 2018

Sandbox Ancillary Service Provider - Payment Service Provider

Suite 302, Bahrain Fintech Bay Arcapita Building, Bahrain Bay Kingdom of Bahrain
image description
Tree of Life

19 November 2018

Sandbox Asset Management Platform

Cyberblock Inc. Fukuzumi 1-5-10-22, Eito-ku Tokyo Japan
image description
Vogue Web Solution Limited

19 November 2018

Sandbox AncillaryService Provider-Payment Service Provider

Suite 32, 33 Nikky Africana Plaza 70C Allen Avenue, Ikeja Lagos Tel: +234 817 000 8003, +234 818 374 9988 Nigeria
image description
WorldRemit Ltd

8 November 2018

Sandbox AncillaryService Provider -Online Money Remittance

62 Buckingham Gate London SW1e 6AJ United Kingdom
image description
COCOA Invest A/S

5 November 2018

SandboxInvestment Advisor

Blegdamsvej 6, 2200 Copenhagen Denmark
image description
Sprinkle Xchange

17 October 2018

Sandbox StockExchange

Sprinkle Group S.A. 43 Avenue J.F.Kennedy L-1855 Luxembourg GD Luxembourg
image description
Hong Kong IapppayInformation Technology Co. Ltd

13 September 2018

Sandbox AncillaryService Provider- Exchange

Units A&B, 15F, Neich Tower 128 Gloucester Road Wanchai Hong Kong
image description
Pyypl Group Ltd.

10 September 2018

Sandbox AncillaryService Provider- Card Processing

One JLT Tower, Level 5, Office 62 Jumeirah Lake Towers P.o> Box 930333 Dubai UAE
image description
Moven Co. W.L.L.

16 August 2018

Sandbox AncillaryService Provider - Challenger Bank

Almoayed Technologies P.O. Box 60009 Manama Kingdom of Bahrain
image description
MenaPay

16 August 2018

Sandbox AncillaryService - Payment Service Provider

BV Teknologi is Gelistirme Danismanlik Ve Organizasyon Hizmetleri A.S. Boğaziçi Ventures Kat 16 Barbaros Mh. Begonya Sk No 3 Ataşehir - Istanbul - 34746 Turkey
image description
BitOasis Technologies Ltd FZE

12 July 2018

Sandbox AncillaryService Provider- Exchange

Dubai Silicon Oasis Authority Dubai United Arab Emirates
image description
Haseed

12 July 2018

SandboxInvestment Advisor

London Business School Regent's Park London NW1 4SA United Kingdom
image description
OneMena International Limited

12 July 2018

Sandbox AncillaryService Provider- Exchange

Flat/RM 505 5/F Beverly Commercial Centre 78-105 Chatham Road South Tsim Sha Tsui KL Email: [email protected] Hong Kong
image description
Payment InternationalEnterprise B.S.C. ( c )

26 June 2018

Sandbox Ancillary Service Provider- MobileMicrofinance

P.O. Box 3140 Manama Kingdom of Bahrain
image description
Arabianchain TechnologyFZCO

31 May 2018

Sandbox AncillaryService Provider- Exchange

Dubai UAE
image description
CapitaWorld Fintech W.L.L.

15 April 2018

Sandbox AncillaryService Provider- Loan Automation Platform

CapitaWorld Global Private Limited 302 3rd Floor, Shivalik 10 Ahmedabad 380015 Gujarat, India
image description
Nurture Middle East W.L.L.

22 March 2018

Sandbox AncillaryService Provider- Account Aggregation Platform

P.O. Box 60009 Manama Kingdom of Bahrain
image description
Wahed Inc.

27 December 2017

Sandbox Investment Advisor

45 Rockefeller Plaza, Suit 2000 New York USA
image description
Belfrics Bahrain

27 December 2017

Sandbox AncillaryService Provider- Exchange

Belfrics Malaysia Sdn Bhd B1-16-6, Soho Suites @KLCC Jalan Perak, Kuala Lumpur, Malaysia - 50450
image description
BitArabia Digital Assets

27 December 2017

Sandbox AncillaryService Provider- Exchange

Manama Kingdom of Bahrain
image description
Rain Financial

25 September 2017

Sandbox AncillaryService Provider- Money Changer

DLA Piper Middle East LLP P.O. 65137 Manama Kingdom of Bahrain
Back to top