News

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...

December 3, 2019

MANAMA, 16 hours, 52 minutes ago

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.

Open banking refers to the practice of sharing financial information electronically, securely, and only under conditions that customers approv...

May 16, 2019

National Bank of Bahrain (NBB) has today (May 15) become the first bank in the Mena region to adopt technologies that enable it to deliver new open banking services to its customers.

Open banking enables account holders to share their account information and payment history externally with other banks and with licensed third parties. This means that account holders can link mult...

April 3, 2019

National Bank of Bahrain (NBB) announced that it has selected Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, to provide its TCS BaNCS solution for core banking.

This is in line with the bank’s digital transformation and efforts to diversify its business lines, deliver superior customer experience, and leverage the p...

April 1, 2019

Public and private entities in Bahrain are going gone cashless utilizing the kingdom’s first e-money TAM Dinar, a product by Payment International Enterprise (PIE), currently used as an alternative to cash payments by government and commercial entities.

PIE’s innovative solution is used by the General Directorate of Traffic, Electricity and Water Authority, Bahrain Customs, Real...

March 24, 2019

Bahrain-based Gulf Business Machines (GBM) has partnered with Banfico from the UK to help financial institutions adopt open banking solutions in line with new regulations introduced by the Central Bank of Bahrain.

Within the framework of the partnership, GBM will provide technology components required for the solution, as well as manage the overall implementation by leveraging i...

January 22, 2019

The Central Bank of Bahrain (CBB) has issued for consultation draft directives on “Digital Financial Advice” (also known as Robo-advice), enabling its licensees to use technology to offer financial advice to their clients.  

The proposed directives cover the key requirements applicable to licensees who wish to use a digital financial advice tool as well as the prudential and...

December 3, 2018

Six international start-ups presented their business solutions at the first annual Demo Day of the accelerator programme the ACCELERATE ME conducted by American Express Middle East in partnership with Nest in Bahrain.

The Demo Day follows the eight week ACCELERATE ME programme, which aims at connecting the next generation of startups and newly established SMEs from around the wo...

October 24, 2018

Over 300 global blockchain innovators and professionals including a diverse group of regulators, entrepreneurs, investors and financial industry executives will participate in BlockOn 2018 - Redefining Finance, taking place next month, in Bahrain.

Bahrain FinTech Bay has announced the Bahrain Economic Development Board (EDB) as the ‘Strategic Partner’ for its global blockchain c...

October 11, 2018

The General Council for Islamic Banks and Financial Institutions (Cibafi), the global umbrella of Islamic financial institutions, and Ivey Business School are set to deliver their 4th joint Executive Programme in Bahrain.

The event with the theme on “Strategic Thinking, FinTech Innovation, Founder’s Mentality, and Leading Digitalization” will be held on November 13 and 14.

Foll...

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