Bahrain FinTech Bay and Pnyx Hill signed a Memorandum of Understanding (MoU) at the Fintech Forward event.
Pnxy Hill is a trusted business solutions provider in Abu Dhabi Global Markets (ADGM).
The duo is set to drive collaboration in fintech innovation, governance, and compliance across the Middle East.
Suzy Al Zeerah, COO of Bahrain FinTech Bay, and Andreas Kourouklaris, CEO of Pnyx Hill, signed the MoU.
This partnership aims to leverage combined expertise to support fintech growth in the region, aligning with Bahrain’s digital transformation and sustainability goals.
It also represents a key step in aligning with Bahrain’s wider digital transformation and sustainability agendas.
Commenting on the collaboration between both parties, Kourouklaris said, “We are excited to partner with Bahrain FinTech Bay to deliver the support that growing FinTech companies need to navigate today’s complex regulatory and business landscapes.
“Together, we will unlock opportunities for innovative solutions, provide strategic guidance, and enable FinTech firms in Bahrain to scale sustainably and compliantly, further strengthening the Kingdom’s thriving ecosystem.”
Al Zeerah, on the other hand, highlighted the importance of the agreement. Her words, “This MoU with Pnyx Hill marks another significant step in our commitment to creating an environment where fintechs can thrive in Bahrain.
“By leveraging Pnyx Hill’s expertise in compliance and governance, we are enhancing the support we offer to our portfolio companies and expanding the ecosystem that continues to attract global fintechs to Bahrain. ”
