Bahrain Development Bank unleashes $100m VC fund
Will provide support to Middle East start-ups.
Will provide support to Middle East start-ups.
Bahrain’s Electronic Network For Financial Transactions seeks unity.
First bank in the Middle East to deploy its core tech in Oracle cloud.
KFHB has implemented a new online banking system, Ethix-Net, supplied by International Turnkey Systems (ITS).
Welcomes three new faces – investment service Wahed, BitArabia and online Bitcoin exchange Belfrics.
The Bahrain Economic Development Board (EDB) and FinTech Consortium (FTC) have launched Bahrain FinTech Bay (BFB), the “largest dedicated fintech hub in the Middle East and Africa”. The new hub aims to further the development and acceleration of firms as well as the interaction between investors, entrepreneurs, government bodies and financial institutions. BFB, with an […]
Bahrain-based BMB Investment Bank has opted to modernise its treasury operations with the TCS Bancs system from TCS Financial Solutions.
Anything UAE can do, we can do better. No you can’t, yes we can. The UAE has got some competition as the Central Bank of Bahrain (CBB) has welcomed the first members to its new regulatory sandbox – mobile banking firm Now Money and finserv provider Tramonex. As reported in June, CBB announced new regulations […]
In its recent survey of the Islamic finance industry, S&P estimated that the sector’s total assets have now reached just over $2 trillion. Given that the modern version of Islamic finance is only decades old, this represents exceptional growth over a comparatively short period of time.
The Central Bank of Bahrain (CBB) has announced new regulations to create a regulatory sandbox for fintech start-ups and firms to test and experiment their banking ideas and solutions. The framework provides a “virtual space” and it is open to existing CBB licensees and other local and foreign firms. The testing duration is nine months, […]
Bahrain-based Eazy Financial Services will launch the region’s “first” biometric payment network powered by NCR. Consumers will be able to register their fingerprint through any bank linked to Eazy’s network and then use that at any device (ATM or POS) to start a transaction rather than using a card. In the first phase, NCR will […]
The kingdom of Bahrain is looking to Singapore’s success as it tries to boost its fintech fortunes with a new ecosystem and regulatory framework. The Bahrain Economic Development Board (BEDB), Singapore Fintech Consortium (SFC) and Dubai-based asset management firm Trucial Investment Partners have teamed up for the development plans. Khalid Al Rumaihi, BEDB’s chief executive, […]
Bank of Khartoum (BOK) has opened its first international branch, underpinned by Path Solutions’ iMAL core banking system. The branch is located in Bahrain. Path Solutions is a long-standing tech supplier to the Sudanese bank, but says that iMAL “was chosen over competitors’ systems” for the BOK International project. BOK International focuses on products and […]
The Bahrain Bourse has replaced its trading platform with a new one provided by Nasdaq OMX, as part of a new drive to become a trading hub in the Persian Gulf region. The Bahrain Bourse was established in 2010 to replace the country’s previous stock market, the Bahrain Stock Exchange. Although the market was already […]
The Bahrain Bourse is to replace its trading platform with a new one provided by Nasdaq OMX, as the Bourse aims to become a trading hub in the Persian Gulf region.