MANAMA, March 23 -- FinTech will radically improve the financial health of the people of the Gulf through access to next-generation banking services, says Simon Galpin, Managing Director of Bahrain Economic Development Board. He was speaking at Finnovex ME 2019, a one-day conference on financial innovation and excellence, held in Dubai.
"FinTech holds the strongest potential to impact the ME economy with the potential of open banking to transform the services available to consumers in the short to medium-term. We're also laying the foundations for the development of cryptocurrency in the Middle East. That's another technology that has the potential to take off and progress far beyond what we've seen to date," he added.
"As technology cont...