Manama, Jan. 13 -- Bahrain FinTech Bay (BFB) and the FinTech Association of Israel -FinTech Aviv (FTA) have signed an agreement that outlines the intention of both parties to cooperate and collaborate on matters of mutual interest relating to the development of the fintech industry in the region.

The agreement follows the signing of the Abraham Accords Peace agreement between Bahrain and Israel in September 2020.

Bahrain FinTech Bay and FinTech Aviv will aim to strengthen and further develop the fintech ecosystem in the region. Both parties will collaborate on joint projects, community events and facilitate communication and introduction between fintechs and venture capital interested in expanding in both countries.

Since its establishme...