News

March 30, 2019

The goal of the hackathon is to create awareness on how to leverage financial technologies to accelerate progress on the SDGs

Press Release

The first “BENEFIT Fintech Hackathon for Sustainability” in the MENA Region hosted by Bahrain Fintech Bay in partnership with The Manama Hub of the Global Shapers Community officially kicked off with 50 participants. Strategic Partners include...

March 28, 2019

Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom, has recently announced that it has partnered with Token.io, an Open Banking solution provider represented by “Tarabut Gateway” subsidiary of Almoayed Technologies and licensed by the Central Bank of Bahrain (CBB).

This come as part of the bank’s preparations to provide open banking services to its cl...

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...

March 17, 2019

The report also found that the average cost of living in Bahrain is $51,252 a year.

The cost of setting up a business in Bahrain is up to 35 percent cheaper compared to the rest of the Gulf region, according to a KPMG report.

The report said Bahrain leads on a wide range of metrics including commercial rents up to four times lower, and staff costs that can be up to 60 percent below...

March 14, 2019

What if we told you that you can automate complex tasks that involve understanding, judgment, and cognitive skills? What if you can leave the tedious tasks that are taking up too much time in order to focus on the creativity and innovative aspect of your job?

That idea has become a reality with TAIGER, a market leader and pioneer of Knowledge Work Automation. TAIGER’s main purpose...

March 13, 2019

Technology today continues to evolve at lightning quick speed and, on a global level, is disrupting every aspect of the banking experience. Indeed, despite a common perception of the finance and banking sector as being one of the more traditional industries, it is undergoing a period of exponential change, driven by technological transformation and advancement.

This is impacting e...

March 12, 2019

It’s finally here! The first edition of Startup Weekend Bahrain 2018 has officially been launched. The report covers Startup Weekend Bahrain over the years, as well as a profile of this year’s event, and participants in detail; amongst them the regional winners that went to the global finals of Techstars Startup Weekend.

Startup Weekend is the world’s largest community of passiona...

March 11, 2019

No PIN numbers, no signatures, and no payment limits

Image: Natwest

British bank NatWest is trialling the use of a new NFC payment card with a built-in fingerprint scanner. The trial, which will include 200 customers when it begins in mid-April, will allow its participants to make NFC payments (called “contactless” in the UK) without needing to input a PIN or offer a signature. The...

March 4, 2019

The bank has doubled its staff numbers in Riyadh and is recruiting people to its Abu Dhabi branch

In the UAE, National Bank of Bahrain is also working to recruit new personnel and “select new clients were NBB can add value”.

National Bank of Bahrain is bulking up staff numbers in its Abu Dhabi and Riyadh branches to capitalise on strong business ties between Bahrain, Saudi Arabia a...

March 3, 2019

Kuwait Finance House's robotic assistant will handle customer loan applications and will autonomously create credit reports for applicants

The technology will reduce workload for Kuwait Finance House staff members, freeing up time for more sales-generating activity.

Kuwait Finance House (KFH) has implemented robotic process automation systems to support customer loan applications.

T...

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