The British University of Bahrain today signed a Memorandum of Agreement with the BENEFIT Company (BENEFIT), Bahrain’s leading provider of Financial Technology Services. The agreement will pave the way for wide ranging co-operation between the two organisations, including opportunities for student internships, joint research projects and opportunities for training and development.
The British University of Bahrain is Bahrain’s newest University and was developed in collaboration with the University of Salford, Manchester, one of the UK’s leading universities for teaching, research and industrial collaboration. All academic programmes offered at BUB are awarded by the University of Salford, offering students in Bahrain the opportunity to obtain a world-class British degree without leaving home.
BENEFIT’s Fintech Lab is part of the Company’s initiative to actively seek opportunities to advance the financial sector in Bahrain and contribute to positioning the Country as a Fintech hub in the region. Partnering with Academic institution comes as a main strategic activity of the Lab to achieve its objectives. On this occasion, BENEFIT’s Chief Executive Officer Abdulwahed AlJanahi acknowledged that “This MOU comes as part of the efforts aimed at heightening the importance of partnership between the industry and the academia in order to fostering R&D and capacity building especially in Fintech as part of our strategic direction”. “We have launched BENEFIT Fintech Lab as an innovation environment where new trending initiatives and ideas will be explored and tested. We believe researchers and students are key pillars for this programme” AlJanahi added.
Speaking of the agreement between BUB and BENEFIT, BUB’s Vice President, Professor Keith Sharp said: “we are absolutely delighted to be working with such an outstanding modern company as BENEFIT. A key feature of the British University of Bahrain is that we want our students to benefit from our close relationships with industry and this relationship will provide excellent opportunities for our students to gain real world experience as well as traditional academic knowledge. We hope the University will, in its turn, provide useful support to BENEFIT as they continue to lead the field of Financial Technology in Bahrain and more widely.”
For more information on the British University of Bahrain, please contact Mr Khurram Salman on 17130303 or 38030303, email [email protected]