Bahrain

5 Fintech Initiatives To Follow In Bahrain

From a digital currency project, to a fintech innovation challenge, here’s what’s transpired for fintech in Bahrain during the year so far. Bahrain’s focus on the fintech sector is putting the country on the map as a hub for fintech

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ZurichPro Expands Digital Capabilities With 360F

Zurich International Life announced that it has expanded ZurichPro’s digital capabilities in partnership with Singapore-headquartered automated advisory fintech 360F.The move will especially service in-force policies, reviewing their sustainability with re-illustration functionalities. 360F’s modern pricing engine, built for the initial launch

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Bahrain Named World’s Most Financially Attractive City for 3rd Consecutive Year

Bahrain has topped the globally recognised AIRINC Global 150 Cities Index financial attractiveness ranking for the third straight year, which saw impressive rankings for MENA capitals, with seven leading MENA cities in the top 16 places. Aside from the capital

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NEC Payments Taps Netcetera’s 3DS 2.0 Solution for Enhanced Security

Bahrain-based payment services provider NEC Payments has selected Netcetera for its 3DS 2.0 solution, the latest in payment security protocols. NEC Payments is a rapidly growing digital banking and payment technology company that offers cloud-native banking-as-a-service in the Middle East.

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NEC Payments Joins Mastercard Fintech Express Programme as Global Partner

Mastercard has announced that NEC Payments, a payment services provider licensed and regulated by the Central Bank of Bahrain, is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. The programme

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Bahrain’s Central Bank Analyses Banks’ Readiness for Open Banking

The Central Bank of Bahrain (CBB) published its commentary on the progress made by retail banks in Bahrain on implementation of the necessary infrastructure for compliance with Bahrain Open Banking Framework (Bahrain OBF). This was done following a grace period

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Bahrain’s Central Bank to Pilot Digital Currency for Real Time Cross Border Payments

The Central Bank of Bahrain (CBB) is collaborating with J.P. Morgan and Bank ABC to introduce real time cross border payment solution in a digital currency settlement pilot scheme. Bank ABC along with J.P. Morgan will pilot the transferring of

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Open Banking Platform Tarabut Gateway Bags $13 Million in Seed Funding

Bahrain-based open banking platform Tarabut Gateway has secured $13 million during a seed funding round. The announcement follows Tarabut Gateway’s recent expansion into the UAE in October 2020. Tarabut Gateway, which has offices in Abu Dhabi, Dubai, London and Manama,

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Bahrain Islamic Bank Announces Winner for BisB Innovation Challenge

Bahrain Islamic Bank (BisB) announced that Verofax, a Malaysian-based asset digitisation and traceability services provider, as the winner of its ‘BisB Innovation Challenge’. The bank had collaborated with the FinHub 973, Central Bank of Bahrain’s digital lab for this fintech

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Bahraini Crypto Startup Rain Financial’s $6 Million Funding Round Joined by Coinbase

Rain Financial Inc, a licensed cryptocurrency platform and custodian, announced that it had raised $6 million during a Series A funding round. The round was led by Middle East Venture Partners (MEVP), a venture capital firm in the Middle East,

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