News

April 30, 2018

BBK, Bahrain’s pioneer in retail and commercial banking, reported a net profit attributable to owners of BD 16.7 million for the first quarter of 2018 compared to BD 15.8 million for the similar period of the previous year, representing a 5.9% growth. The financial results were reviewed and approved by the Bank’s Board of Directors during the meeting held on Monday 30/4/2018....

April 29, 2018

Manama, Bahrain : Kuwait Finance House – Bahrain (KFH-Bahrain) has partnered up with Benefit, the leading provider of electronic financial transactions in the Kingdom, to offer its latest service ‘BenefitPay’. This launch is a strategic move that supports the Bank’s digitalization drive and efforts to provide its corporate and retail clients with electronic banking solutions that...

April 25, 2018

Dubbed meem, the digital retail banking services arm of GIB was initially launched in Saudi Arabia in 2015. 

The arrival of meem in the bank's home market comes just two months after the Bahraini Government and the region's Central Bank endorsed a new fintech hub in a 10,000 square metre space overlooking the waters of Bahrain Bay and the Arabian Gulf.

Central bank governor Ras...

April 22, 2018

FinTech Hive at DIFC, the first financial technology accelerator in the region established by the Dubai International Financial Centre (DIFC), today announced that its upcoming programme will expand its themes to include insurance, Islamic finance, and regulatory technology services.

The 2018 edition will build on the success of its inaugural accelerator programme, launched last y...

April 22, 2018

Signing up for life insurance is one of a number of basic financial products many UAE residents take for granted.

But for low-income, migrant workers, an insurance product or even a bank account can be completely out of reach. 

According to a new report from insurance technology start-up Democrance, low-income employees in the UAE view life insurance as a vital type of social prote...

April 20, 2018

Washington, D.C., 18 April2018: Fintech Consortium (“FinCon”) and Georgetown University’s McDonough School of Business have announced a strategic partnership to collaborate on numerous initiatives related to Fintech innovation and education.

Possible collaborations include the development of Fintech certificate and degree programs, joint innovation labs, joint research and publica...

April 19, 2018

SMEs account for 90 percent of Bahrain’s enterprises (Image via Wikepedia).

In 2017, Bahrain ranked second in the MENA in terms of Ease of Doing Business, and very good reasons have endorsed this ranking. The number of startups in the country has grown at a compound annual growth rate of almost 50 percent over the past three years, as per the data of the Bahrain Economic Board (ED...

April 18, 2018

Washington, D.C., 18 April2018: Fintech Consortium (“FinCon”) and Georgetown University’s McDonough School of Business have announced a strategic partnership to collaborate on numerous initiatives related to Fintech innovation and education.

Possible collaborations include the development of Fintech certificate and degree programs, joint innovation labs, joint research and publica...

April 16, 2018

VANCOUVER, April 16th, 2018 /CNW/ - Katipult Technology Corp. (TSXV:FUND and FRA: K10 ), an industry leading and award-winning fintech company, is pleased to announce it has started coverage of the United Arab Emirates (UAE) after adding two leading investment firms in the country as clients. 

Katipult has added two regulated firms from UAE to its client l...

April 16, 2018

Manama, Bahrain: Waqfe, the Bahrain based fintech solutions provider, has announced the launch of its revolutionary mobile banking service platform for banks, Digital Deposit Mobilization Solution. At the nexus of three innovative technologies including mobility, artificial intelligence and data, it will help banks acquire and retain customers, attract longer tenor deposits and g...

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