Privately held finance company Behrain FinTech Bay (BFB), on Monday, said it will collaborate with Family Office, a wealth management firm in Gulf Cooperation Council (GCC) to revolutionise wealth management in the region.
The company said this partnership will enable BFB to leverage its strong expertise in digital innovation to collaborate closely with Family Office to enhance its existing digital products. The company headquartered in Manama, Bahrain added that it will explore the development of innovative digital investment solutions aligned with market trends, utilizing Family Office’s state-of-the-art fintech lab as a collaborative hub.
“Bahrain FinTech Bay’s partnership with The Family Office marks a significant milestone towards elevating Bahrain’s position as a hub for fintech innovation in the region,” said Bader Sater, CEO of Bahrain FinTech Bay.
“Our combined strengths will lead to the creation of cutting-edge digital investment offerings that cater to the market’s evolving needs.” Sater added.
Manama-based Family Office is an investment company, which is regulated by Central Bank of Bahrain. The company personalizes asset allocation proposal and based on its LinkedIn description, it offers customized solutions in private equity, private debt, real estate and more.
Earlier this August, HP Spring Studio is a fintech venture firm, also partnered with BFB in order to establish Bahrain as a fintech hub and drive fintech growth.
