Bahrain

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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University of Bahrain Turns Towards AWS for Its Cloud Migration

The University of Bahrain (UoB), the Kingdom’s largest public university with over 28,000 students, is going all-in on Amazon Web Services (AWS), provider of cloud computing services. The university is in the final phase of migrating its entire IT infrastructure

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SINNAD Launches Tokenised Mobile Payments for Bahrain Banks

SINNAD has teamed up with Compass Plus to enable its customer banks to offer secure and tokenised mobile payments through BenefitPay, the country’s national electronic wallet payment system. As part of the project, SINNAD certified its processing center, built on

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FinHub 973: Central Bank of Bahrain Launches a Digital Fintech Lab

The Central Bank of Bahrain has announced the launch of FinHub 973, a digital fintech lab in the region. The platform was launched in cooperation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank of Bahrain

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Flat6labs Bahrain Holds Their First Digital Demo Day for Its 4th Cycle

Flat6Labs Bahrain announced that it has successfully completed 4 Cycles since its launch in March 2018. Within its 2 years of operations, the accelerator has reached several milestones which include job creation, supporting startups & the local ecosystem, raising awareness

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Travelex Wins Tender For Multi-Year Contract At New Bahrain International Airport

Travelex, a Finablr company and market leading Foreign Exchange specialist, has extended its relationship with Bahrain International Airport (BIA) operating multiple outlets at the new Passenger Terminal Building. Travelex has signed a five-year contract with Bahrain Airport Company, successfully winning a tender

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Report Highlights Bahrain’s Progress Toward Becoming a Tech and Innovation Hub

Through careful planning and bold regulatory reforms, the Kingdom of Bahrain is poised to become a major hub for finance, technology, and innovation, according to a new report released by the Milken Institute. However, Bahrain needs to continue its efforts

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National Bank of Bahrain Offers Open Banking Solutions

National Bank of Bahrain (NBB) has set a significant benchmark in the region’s financial sector by becoming the first Bank in Bahrain and the Middle East and North Africa to launch Open Banking solutions. The Bank’s new ‘Aggregator’ service was

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