Master­card, BIBF part­ner to spur skill devel­op­ment in fi­nan­cial sec­tor

Kuwait Times - - BUSINESS -

Ded­i­cated to help­ing pro­fes­sion­als in the pay­ments in­dus­try to con­tin­u­ously en­hance their skill sets and stay up-to-date on in­dus­try trends, the Bahrain In­sti­tute of Bank­ing & Fi­nance BIBF’s Pay­ments Academy and Master­card have an­nounced a first-of-its-kind col­lab­o­ra­tion in Bahrain.

The BIBF is the train­ing arm of the Cen­tral Bank of Bahrain and the re­gion’s premier train­ing and devel­op­ment provider, rec­og­nized for the value, thought lead­er­ship and qual­ity of its pro­grams. As part of the col­lab­o­ra­tion with BIBF’s Pay­ments Academy, Master­card Academy Mid­dle East and Africa (MEA) will de­velop an en­gag­ing aca­demic and train­ing mod­ule de­signed to en­hance tech­ni­cal per­for­mance and lead­er­ship qual­i­ties for pro­fes­sion­als in the fi­nan­cial sec­tor. Speak­ing about the pro­gram, Raghav Prasad, Gen­eral Man­ager for Gulf Coun­tries, Master­card, said: “We are ex­cited to see our shared ef­forts in hon­ing in­tel­lec­tual and tech­ni­cal ca­pa­bil­i­ties in Bahrain im­prove cus­tomer sat­is­fac­tion and ef­fec­tive­ness of fi­nan­cial ser­vices. The col­lab­o­ra­tion will emerge as an im­por­tant com­po­nent in coun­tries look­ing to boost ed­u­ca­tion and build a knowl­edge-based econ­omy.”

The BIBF’s Head of Bank­ing and Ac­count­ing, Deen Jayah also stated, “The Academy is an ini­tia­tive taken by the BIBF to fill a gap that pre­vailed in the fi­nan­cial ser­vices to up­skill staff tal­ent within the pay­ments sec­tor. This ini­tia­tive would in­tro­duce lat­est in­dus­try-related train­ing cour­ses that will not only be used to train ex­ist­ing staff but bring new tal­ent from Bahrain and the GCC re­gion to the pay­ment sec­tor, giving them new ca­reer op­por­tu­ni­ties in the process.”

Since its in­cep­tion in 1981, the BIBF has been committed to pro­vid­ing qual­ity ed­u­ca­tion across ma­jor busi­ness dis­ci­plines, thereby play­ing a cru­cial role in hu­man cap­i­tal devel­op­ment in the coun­try. It cur­rently of­fers over 300 dif­fer­ent cour­ses to the fi­nan­cial and cor­po­rate mar­ket, and en­rolls close to 20,000 trainees an­nu­ally.

Master­card is proud to in­vest in skill devel­op­ment across Mid­dle East and Africa and cre­ate a grow­ing pool of qual­i­fied hu­man re­sources that will guide the fu­ture of the fi­nan­cial sec­tor in this part of the world. It is geared to­wards in­creas­ing thought lead­er­ship in a re­gion en­dowed with the en­er­gies and cre­ativ­ity of youth, and will con­tinue to har­ness their tal­ents to re­al­ize its vi­sion of a ‘World Be­yond Cash’.

(Left to right) Solveig Nick­los, BIBF Direc­tor and Raghav Prasad, GM for Gulf Coun­tries, Master­card.

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