Bahrain
Bank of ABC Becomes The First Bank in the Middle East to Employ Digital KYC Functionality
Jumio a nnounced a partnership with Bank ABC. The partnership enables Bank ABC’s new mobile-only bank to compliantly onboard new individual customers using Jumio’s biometric-based identity verification solution. Based in Bahrain, Bank ABC currently serves customers on five continents, covering
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Mastercard Partners with Bahrain FinTech Bay to Foster Fintech Innovation in the Kingdom
Mastercard announced a partnership with Bahrain FinTech Bay in their effort to support the development of Bahrain’s fintech industry. Through the partnership, Mastercard and Bahrain FinTech Bay will work together to offer Bahraini startups and SMEs with educative and commercial
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National Bank of Bahrain Embraces Open Banking
National Bank of Bahrain (NBB) announced that they have started enabling open banking services to its customers. This service enables account holders to share their account information and payment history externally with other banks and with licensed third parties. NBB’s
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Visa Partners with Bahrain Fintech Bay to further Develop Bahrain’s Fintech Ecosystem
Visa has partnered with Bahrain FinTech Bay to further support the development of the FinTech ecosystem in Bahrain. Bahrain FinTech Bay was established a year ago and it claims to have around 100 partners . The partnership will focus on
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This Regtech Now Taps Directly into Bahrain’s National ID Data to Offer Quicker eKYC
Fenergo, a recognised Dublin-based provider of digital Client Lifecycle Management (CLM) solutions for financial institutions, today announces that it’s working with Bahrain’s Electronic Network for Financial Transactions (BENEFIT) in designing and implementing a national Know Your Customer (KYC) utility incorporating
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Dissecting Fintech Opportunities in Middle East and Africa
Dubai’s special economic zone, the Dubai International Financial Centre (DIFC), has released a new report that explores the opportunities related to fintech in the Middle East and African (MEA) region. The report provides recommendations and guidance for fintech firms looking
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Bahrain’s Central Bank Attempts to Spur Insurtech with Draft Rules on Comparison Sites
The Central Bank of Bahrain (CBB) has just issued draft rules on insurance aggregators; intermediaries with an insurance broker’s license who operate a platform for users to compare insurance prices and facilitates the purchase of them. The idea is that
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Bahrain to Introduce Regulation for Robo-Advisors
The Central Bank of Bahrain has today issued the Directives on “Digital Financial Advice”, better known as robo-advisors to most. This was issued following an industry consultation process. Mr. Khalid Hamad, Executive Director of Banking Supervision,Central Bank of Bahrain said,
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Fintech in Bahrain: A Glimpse of its Regulatory Initiatives
In the Bahrain Fintech Regulations Report 2019 in parts, produced by the Central Bank of Bahrain, we can see that Bahrain’s track record isn’t too shabby when it comes to holistic regulations. Bahrain’s fintech regulations are under the sole purview
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UAE Leads the Digital Banking Scene in Middle East
A combination of changing consumer preferences, competition from fintech startups and changing regulations have been forcing banks around the world to develop their digital capabilities. In the Middle East and North Africa (MENA) region, banks are quickly rising to the
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