Bank ABC in Bahrain first Bank in MENA to Join R3 Consortium

Bank ABC, headquartered in Bahrain and previously known as the Arab Banking Corporation is not the first bank in MENA to join the 80 plus member R3 consortium. The ABC Bank will become one of the members to research and develop Blockchain based solutions in financial services.

Sael Al Waary​​ Deputy Group CEO of Bank ABC stated,  “We are privileged to be part of this prestigious consortium of international banks and financial institutions, which is spearheading a pivotal change in the industry,” DLT and Blockchain technology has added a new dimension to the evolving Fintech landscape and we are confident that this alliance will propel us further to achieve our strategic goals.”