News

August 16, 2020

In recognition of its commitment towards the growth and development of its employees, the National Bank of Bahrain (NBB) has been recognized internationally by Forbes in a case study drafted by Mark D. Nevins, a contributor at Forbes, and co-written by Mohamed Matar, General Manager at EMIC Training, where the bank’s efforts towards its human capital were commended and showcased...

August 6, 2020

Bank ABC used AWS to launch its mobile-only, cloud-first bank, ila Bank. The bank focuses on speed, simplicity, and delivering a seamless banking experience. Bank ABC runs the core banking platform for ila Bank and its payments service, among other systems, on AWS.

Sael Al Waary, Deputy Group CEO of Bank ABCWith AWS, we have the scalable environment that facilitates agility and th...

July 18, 2020

Regional fintech startups hold tremendous room for growth

Changing consumer needs and rapid technological development has given a massive impetus to financial technology (fintech), which has grown from strength to strength.

Since the first credit card launched with a magnetic strip in the 1960s, the intertwining of digital technology and finance to improve the offerings in the mark...

July 15, 2020

Manama, Bahrain, 15th July 2020: The National Bank of Bahrain (NBB) has celebrated a significant milestone in its transformation journey after being awarded ‘The Middle East’s Best Bank Transformation’ by the Euromoney Awards for Excellence 2020 – the global financial sector’s most esteemed accolades, which also honored it with the ‘Bahrain’s Best Bank’ honor for the second conse...

July 8, 2020

Gareth Lewis, Delio CEO

An angel network that is among the first to penetrate the $5 trillion Halal consumer market has teamed up with UK fintech Delio to digitise the Halal investment market for angel investors across the globe.

Despite the popularity of the Halal market, no angel network has ever streamlined the investment process in the industry before. Halal Angels Network was...

June 22, 2020

Narayanan Ganapathy, a financial analyst, angel investor, and the CEO at Angivest Ventures, recently noted that significantly more people are using smartphone apps and other types of software to make digital payments, because of the COVID-19 outbreak and resulting challenges.

Ganapathy, whose comments came during a recently held webinar, called “Fintech Trends – Yesterday, To...

June 16, 2020

Souqalmal.com’s latest analysis uncovers increasing price sensitivity among car owners in the country, who are trying to lower their car insurance costs by cutting back on insurance coverage

  • Back in October 2019, only 32% of all users on the Souqalmal platform bought Third Party Liability car insurance

  • The Covid-19 pandemic has definitely left people struggling with thei...

May 18, 2020

Dalal Buhejji, Director, Business Development - Financial Services, Bahrain EDB

The global narrative around COVID-19 is shifting. Across the world, business, government, media and public discourse is gradually refocusing from how to combat the virus towards how to reopen and rebuild economies – and what those economies will look like going forwards. As governments to varying degre...

May 10, 2020

David Parker, co-chief investment officer at the Bahrain Economic Development Board (an organization responsible for attracting inward investment into the Kingdom for key areas such as technology development and supporting the local financial and banking industry), recently confirmed that the country aims to position itself as the “startup capital” of the world.

Parker,...

April 14, 2020

The COVID-19 outbreak is a tragedy that will have widespread and long-lasting implications for humanity and our global economy. As COVID-19 continues to spread around the world, more and more enterprises will miss their financial targets because of supply chain disruptions and dampened customer demand. 

It’s clear that this pandemic will drastically impact most businesses for...

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