Bahrain
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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A National eKYC Utility will be Created in Bahrain
Fenergo, a provider of digital Client Lifecycle Management (CLM) solutions for financial institutions, announces that it will be working with Bahrain’s Electronic Network for Financial Transactions (BENEFIT) in designing and implementing the world’s first national Know Your Customer (KYC) utility
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Bahrain and UAE Leads Middle East’s Fintech Scene, Study Finds
In the Middle East, Bahrain and the United Arab Emirates (UAE) have emerged as fintech leaders, thanks to the supportive ecosystems these have managed to develop for fintech development. At the same time, their leadership positions are not guaranteed going
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Flat6Labs Bahrain Holds Third Startup Demo Day
Flat6Labs Bahrain hosted its Third Demo Day at The Ritz Carlton Bahrain, where 6 startups from its third cycle showcased their businesses in front of an audience consisting of VIPs, investors, high-net worth individuals, ecosystem partners and other prominent officials.
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Bahrain Issues Final Rules on Insurance Aggregators
The Central Bank of Bahrain issued the final rules on “insurance aggregators”. Mr. Abdul Rahman Al Baker, Executive Director of Financial Institutions Supervision, said, “The introduction of insurance aggregator rules is a first step for the CBB towards “Insuretech”, a
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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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