BENEFIT Launches 2025–2026 Strategy to Drive Fintech Innovation in Bahrain and Beyond TechAfrica News
The Finance & Insurance sector in Bahrain will see accelerated adoption of AI technologies across various functions. This will lead to increased competition among incumbents and the rise of new, AI-first Fintech companies, impacting market share and profitability for those slow to adapt.
Operational impact: Financial institutions need to upskill or hire AI/ML specialists to leverage the new opportunities. BENEFIT's push for Fintech innovation necessitates adapting internal systems to handle AI-driven processes and data, leading to operational changes.