The National Bank of Bahrain (NBB) launches the Digital Banking Challenge in strategic partnership with Bahrain FinTech Bay; one of MENA’s largest FinTech Hubs open for all Bahraini youth to develop new and creative solutions focused on NBB’s new digital banking app.
In line with Bahrain’s Vision 2030 objectives, the NBB Digital Challenge will contribute in upskilling Bahraini youth digital capabilities and enable them to explore various emerging tech trends.
The challenge will consist of an intensive bootcamp and selection process, followed by a 6-week Digital Incubation period. During the bootcamp, applicants will get the opportunity to understand NBB’s digital outlook through several technical and strategic sessions with their business teams.
This is in line with NBB’s three-year sustainability roadmap to educate, implement and move towards a more sustainable future. Programs such as these fall under several of NBB’s sustainability pillars which are community investment; to effectively enhance their community investments through leveraging their full resources and capabilities, economic growth; contribute to the society and Bahrain’s Economic Vision 2030, and responsible banking; to raise financial literacy and accessibility.
The incubation period comprises three tracks; the Startup Track, NBB Track, and Mentorship Track, where students will be able to develop their ideas further into early-stage startups. During the incubation period, students will have key one-on-one sessions delivered by NBB’s team from several departments including Strategy and Digital Banking, Digital Transformation, IT Team, Product Development, Marketing, Business Development, Sales and Customer Service, and Customer Relations.
Students will also be part of a peer-to-peer learning environment at Bahrain FinTech Bay with weekly mentorship sessions led by the FinTech Bay team to support students at different stages of development, gain hand-on experience in building a startup and coming up with a viable solution.
The program will conclude with a demo day event that will award the top three best ideas with prize money, Incubation at Bahrain FinTech Bay, and more.