Bahrain
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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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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