Arab News, Monday, Sep 18, 2023 | Rabi Al-Awwal 3, 1445
Bahrain FinTech Bay, The Family Office partner to transform wealth management in GCC
Bahrain:
The wealth management landscape in the Gulf Cooperation Council region is set
for growth as financial technology hub Bahrain FinTech Bay partnered with
Manama-based The Family Office to build a digital ecosystem for investors.
According to a statement, BFB will collaborate
closely with the investment firm to enhance its digital products.
Additionally, BFB will develop digital investment
solutions using TFO’s fintech lab as a collaborative hub.
“Bahrain FinTech Bay’s partnership with The Family
Office marks a significant milestone toward elevating Bahrain’s position as a
hub for fintech innovation in the region,” said BFB CEO Bader Sater in a
statement.
“Our combined strengths will lead to the creation
of cutting-edge digital investment offerings that cater to the market’s evolving
needs,” Sater added.
TFO Founder and CEO Abdulmohsin Al-Omran said: “We
are delighted to partner with Bahrain FinTech Bay. Through this collaboration,
we will leverage BFB’s extensive resources and network to innovate and refine
our digital products, ensuring secure and robust solutions for our clients.”
BFB is known for incubating impactful fintech
initiatives through innovation labs, acceleration programs, curated activities
and educational opportunities.
Meanwhile, TFO’s digital investment platform
provides investors access to exclusive international private market
opportunities, tailored asset allocation proposals, and the ability to simulate
portfolio performance over a 10-year horizon.
In August, TFO expanded its investment solutions
to include thematic private equity funds, with accessibility for professional
investors starting from $50,000.
As part of its strategy to digitize and
democratize investments, multiple funds will be launched, allowing investors to
diversify their portfolios and optimize their return, a statement released at
the time revealed.
These newly launched funds are expected to provide
convenient private investment solutions with lower minimum investment amounts,
constructed alongside prominent international asset managers and rigorously
vetted to minimize risk and optimize returns.