BENEFIT and Singapore-based technology company MonetaGo, in collaboration with Bahrain Fintech Bay (BFB), have begun implementing Bahrain’s National Digital Public Infrastructure (DPI) Initiative.
The project aims to create a digital ledger for all financed trade transactions and invoice submissions, providing an alternative data credit score to support trade finance and reduce risk in SME lending.
The collaboration brings together Bahrain’s fintech ecosystem and Singapore’s digital trust frameworks, with the goal of developing interoperable, cross-border digital public infrastructure connecting Asia and the Middle East.
The initiative is intended to strengthen financial and economic linkages and support secure, transparent trade finance.
Abdulwahed Al Janahi, Chief Executive of BENEFIT, said:
“By building technology that de-risks finance and increases liquidity, we are enabling a more transparent and resilient financial ecosystem, and positioning Bahrain as a regional leader in digital public infrastructure and innovation.”
Neil Shonhard, CEO of MonetaGo, said:
“This phase represents more than technological progress; it’s about establishing a trusted, interoperable framework that connects digital public infrastructure between Bahrain and Singapore, strengthening financial integrity and advancing secure, inclusive trade across regions.”
Featured image credit: BENEFIT
This article first appeared on Fintech News Middle East
