News

July 31, 2019

-- Under embargo until July 31 2019 at 10AM Bahrain time --

Middle East’s First Licensed Crypto Exchange ‘Rain’ is Live

●  Rain is live today for crypto traders at ​www.rain.bh

●  Rain is the first cryptocurrency exchange in the Middle East to obtain a full regulatory

license

●  Rain has also announced today that it has closed a seed round of $2.5MM

Bahrain-based cryptocurrency exchang...

July 14, 2019

This is in line with Al Baraka's strategy that aims at fostering innovation in the era of Open Banking

Manama: Heralding a new era in Open Banking with the Al Baraka Global API marketplace, Al Baraka Islamic Bank (ABIB) has become the first bank in Bahrain to invite FinTechs from all over the world to test their solutions through this unique platform. This is in line with Al Barak...

July 11, 2019

National Bank of Bahrain announced it has joined the National eKYC (Know Your Customer) platform mandated by the Central Bank of Bahrain and operated by The Benefit Company. NBB was the first bank in the Kingdom to join the platform, which will be used by all financial institutions to simplify and ease client onboarding and KYC maintenance requirements electronically.

In line with...

July 3, 2019

Partnership announced to test impact of artificial intelligence on streamlining and transforming service delivery for governments

Khalid Al Rumaihi, chief executive of the EDB.

Bahrain has announced it will partner with the UK government to pilot new guidelines for the procurement of artificial intelligence in the public sector.

The announcement was made by the World Economic Forum...

July 2, 2019

Source: Pexels 

US blockchain-identity verification company ShoCard, and one of the major ATM providers in Saudi Arabia, Alhamrani Universal, have teamed up to create blockchain-based authentication methods to improve security when using cash machines.

The idea behind this collaboration is to provide Alhamrani customers with the opportunity to verify their identity through bio...

July 2, 2019

55 high potential candidates graduated from the region’s first Professional Development Certificate Program in FinTech delivered and certified by Georgetown University’s McDonough School of Business. Successful candidates enrolled in the 3-month online Program received their certificates of completion in a final graduation ceremony. The certificate program also included working p...

July 1, 2019

To achieve participation of all stakeholders in this path breaking initiative, it is important for the businesses to participate with banks

 Ithmaar Bank CEO Ahmed Abdul Rahim

MANAMA, BAHRAIN: Ithmaar Bank, a Bahrain-based Islamic retail bank announced today (ed note: 010719) that it is fully compliant to meet the Kingdom’s open banking standards.

To achieve participation of all sta...

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