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Bahrain Gears Up For The Fintech Revolution Summit 2024

The summit in Manama will host 750+ thought leaders, entrepreneurs, and tech experts from around the world.

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bahrain gears up for the fintech revolution summit 2024

Bahrain’s premier fintech event, the Fintech Revolution Summit is scheduled to take place on the 14th and 15th of February 2024 in Manama, Bahrain — a leading MENA financial hub.

The summit will bring together 750+ fintech experts and thought leaders to discuss trends surrounding financial technology and investment opportunities. The dedicated event is also the best opportunity to learn more about Bahrain’s Vision 2030 goal of becoming a cashless society.

Also Read: A Guide To Digital Payment Methods In The Middle East

Fintech founders, central bank officials, policymakers, entrepreneurs, investors, and academics will come together at the event to learn, discuss, and network. In addition, banking technology, cybersecurity, e-payment, forex, and payment gateway providers will also be in attendance, showcasing a host of solutions for the future of finance.

For more information about the Fintech Revolution Summit, visit the official website.

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Viasat Satellite Messaging Tech Showcased In Saudi Arabia

The direct-to-device (D2D) demonstration highlighted the technology’s potential to revolutionize remote communication.

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viasat satellite messaging tech showcased in saudi arabia

Satellite communications firm Viasat announced yesterday that it had completed its first demonstration of direct-to-device (D2D) satellite connectivity technology in Saudi Arabia. The live broadcast took place during the “Connecting the World from the Skies” event in Riyadh, organized by Saudi Arabia’s Communications, Space & Technology Commission (CST) alongside the International Telecommunication Union (ITU).

Attendees witnessed successful satellite-based two-way messaging and SOS alerts sent using commercial Android smartphones and a combination of Viasat’s robust L-band satellite network and the Bullitt over-the-top messaging app. Signals were transmitted using the company’s L-band spacecraft positioned over the Indian Ocean, while the infrastructure for 3GPP NTN services was deployed by Viasat’s partner Skylo.

Sandeep Moorthy, Viasat’s Chief Technical Officer, emphasized the significance of the demonstration, explaining, “By expanding our direct-to-device innovation to the Kingdom of Saudi Arabia, we’re showcasing the potential for D2D services in the fast-growing Gulf and Asia-Pacific region. D2D could help reduce barriers to connectivity in regions where terrestrial services are spotty and unavailable to help transform industries and supply chains, enable new opportunities, and to become more efficient, sustainable and safer. We’d like to thank the CST for their support in carrying out this exciting demonstration”.

Also Read: Joby Begins Construction Of Dubai’s First Vertiport For Air Taxis

D2D technology allows devices like smartphones, vehicles, and industrial equipment to connect seamlessly to both satellite and terrestrial networks. Unlike traditional satellite setups, D2D eliminates the need for extra hardware, thanks to emerging global standards that are gaining traction among satellite operators, mobile network providers, and tech manufacturers.

What makes this approach particularly promising is that Viasat uses a licensed, dedicated satellite spectrum to deliver its D2D services. This avoids any interference with existing terrestrial networks, allowing smooth integration with mobile network operators in the future.

The demonstration clearly showed the potential of D2D technology to bridge connectivity gaps in remote regions while opening up opportunities for innovation, improved safety, sustainability, and efficiency.

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