Benefit Launches Fintech Internship Program ‘Masar’ to Upskill and Empower Bahraini Youth

Manama, Bahrain:- BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transaction services, announces the launch of its annual FinTech Internship Program “Masar” in its first edition, in collaboration with the Supreme Council for Women (SCW), to strengthen and upskilling Bahrain’s female youth to participate in the Kingdom’s thriving FinTech sector and generate future solutions. The in-person internship experience will allow Bahraini university students and graduates to learn from industry experts, acquire fundamental skills and practical knowledge, and learn to collaborate to develop innovative FinTech solutions, through their introduction to the fintech ecosystem

On this occasion, Hala Al-Ansari, Secretary General of the Supreme Council of Women, praised the program, which is organized in collaboration with BENEFIT Company, as an important tool to increase the participation of Bahraini women in financial technology. in the kingdom. The program seeks to bridge the gaps between education and the labor market to create promising opportunities and improve the opportunities of the future generation, especially with the economy moving towards digital transformation through the expansion of digital technology and financial technology.

Mr. Abdulwahed AlJanahi, CEO of BENEFIT, commented on the initiative, “We invite exceptional students and graduates with relevant study experience and passion for the financial services industry and financial technology to participate in our unparalleled internship program and create a positive societal impact through their foundational learning. With a strategic focus on supporting students, graduates, the business community and future fintech entrepreneurs, we will successfully dominate and positively impact the fast-developing and increasingly significant fintech-driven market sectors across the Kingdom, while empowering women in the FinTech space.”

He added, “We want Bahrain’s youth to be adaptable, innovative and disruptive in an ever-changing world. Programs like these will promote just that by creating pathways for those who want to push the boundaries and help advance their communities. »

The FinTech Internship Program ‘Masar’ starts with an in-depth orientation program, which will include workshops that will highlight BENEFIT’s ecosystem and diverse services, and insight into important topics such as AML Financial Crime, Information & Cybersecurity, Financial Literacy and more. Furthermore, the program will provide opportunities for candidates to work in various departments at BENEFIT, with work training that will be divided into three tracks, including data services, payment services and business support.

The bespoke program will conclude with a final project where students are challenged to submit their most unique concept to win a trophy for ‘Best Innovative Idea in FinTech’. The pitched innovative idea must streamline existing processes, simplify and lower operating costs, generate a new line of income for the company and add value to society

All interested candidates are welcome to apply on BENEFIT’s website at benefit.bh/maser/. Candidates must be fluent in both Arabic and English and will be screened to ensure they meet the eligibility requirements.

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About BENEFIT

BENEFIT was established in 1997 and is licensed by the Central Bank of Bahrain (CBB) as a support provider to the Kingdom’s financial industry. BENEFIT is owned by banks in Bahrain, regulated by the Central Bank of Bahrain (CBB), to provide innovative payment functions, information management solutions and business process outsourcing services across various sectors in the Kingdom of Bahrain and the region.

BENEFIT’s range of services – supported by GCCNet in countries in the region – includes the operation of Automated Teller Machines (ATM), Point of Sale (POS), GCCNet, The GCCNet Dispute Management System, Credit Reference Bureau (CRB), Telecom Bill Payment ( Tele BP ), Direct Debit (DD), Payment Gateway (PG), Bahrain Check Truncation System (BCTS), Amex Cards withdrawal, eCheque, EFTs, national eWallet and national eKYC platform for the financial sectors.

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