Arab Financial Services lands $50m investment
Last year, AFS agreed to power ila Bank’s prepaid Bahraini-denominated card offering.
Bahrain
Singapore Gulf Bank strengthens C-Suite ahead of launch
SGB is gearing up to launch in November 2024.
BCFC launches lending app in Bahrain powered by Codebase Technologies and Atyaf eSolutions
The companies first announced their partnership in August 2022.
Bahrain’s Flooss taps Tarabut for open banking-powered lending
Flooss is adopting Tarabut’s Income Verification product, enabling direct access to customers’ income information.
Bahrain’s Bank ABC taps JP Morgan for blockchain-based cross-border payment service
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
ila Bank taps Arab Financial Services for prepaid card offering
The Bahraini denominated card can be used to pay for transactions in both an in-store and online setting.
Tarabut Gateway names Tariq Sanad as new CFO
Tarabut Gateway says Sanad excels “particularly in scaling growth start-ups post-Series A”.
Mastercard and Bankiom to launch virtual prepaid cards across the GCC
With the partnership, Mastercard aims to drive digitalisation in the GCC payments landscape.
Singapore’s Whampoa Group selects Bahrain as HQ for new digital bank
Launching end of 2023, the new digital bank aims to support the adoption of digital assets worldwide.
Tarabut Gateway lands $32m in Series A funding
With the new funding, the Dubai-based firm plans to expand its footprint in Saudi Arabia.
Bank ABC taps Temenos and NdcTech for core banking overhaul
Temenos’ core banking tech will also be used to power Bank ABC’s ila Bank, a digital mobile-only challenger.
Rain partners Tarabut Gateway for open banking API
Rain will make use of Tarabut’s open banking payment solutions to facilitate on and off-ramp transactions for users.
Bahrain fintech Sinnad appoints Rana Almaeeli as CEO
Almaeeli has held several senior roles at Sinnad, most recently as general manager for more than 11 years.
Fintech Galaxy lands TPP licence from Central Bank of Bahrain
The licence allows the firm to integrate its FINX platform with multiple bank APIs.
BCFC selects Codebase Technologies & Atyaf eSolutions for digital upgrade
BCFC hopes to enhance the infrastructure of its mobile and web customer channels.
Crypto platform Rain rakes in $100m in Series B funding
Rain’s $110m Series B funding round was co-led by Paradigm and Kleiner Perkins.
Batelco and i2c to launch Bahrain’s first open banking super app, Beyon Money
Beyon Money has recently secured a “first of its kind” open banking licence.
Bahrain’s Bank ABC taps Fenergo for client management solution
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
Al Baraka waves goodbye to IT boss Albalooshi after 12 years
Ahmed Albalooshi leaves the Bahraini bank after more than a decade leading its IT operations.
Video: pick of the week – Bahrain to pilot digital currency; Facebook shifts crypto venture to US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Bahrain’s central bank to pilot digital dollar with JP Morgan and Bank ABC
Bank ABC’s deputy group CEO calls this a “landmark pilot”.
National Bank of Bahrain signs Infosys Finacle for transaction banking
The new deal is part of the bank’s ongoing digital transformation.
Muniy chooses HooYu for KYC and raises £200,000
The fintech says it will allow merchants to pay a lower transaction processing cost.
Fintech Dapi takes on MENA’s scattered open banking landscape
“The region is super scattered,” says co-founder, Mohammed Aziz, regarding open banking regulations.
GFH buys 70% stake in MENA payments fintech Marshal
Marshal has a 85% market share across the United Arab Emirates (UAE).
Challenger banks in the Middle East
Featuring challenger banks in the UAE, Bahrain, Saudi Arabia and Israel.
Bank ABC launches digital challenger ila Bank in Bahrain
Less than two years ago Bank ABC promised to “transform banking”.
National Bank of Pakistan turns to Autosoft for Bahrain operation
Autobanker Premium, the latest version of the supplier’s core banking system, will be at the heart of the project.
NBB forges ahead with open banking in Bahrain
Tarabut Gateway will provide the infrastructure.
Visa signs up to support fintech innovation in Bahrain
Partnership will focus on innovation, education and payments trends.
Top fintech stories this week – 10 May 2019
Deutsche Bank picks Red Hat, Orange acquires Secure Link, and much more!
Fenergo supports Bahrain’s blockchain-based KYC
It will support retail and corporate banking, with other sectors in the future.
TCS wins core replacement at National Bank of Bahrain
NBB is replacing an extremely old core system, TC4, which was developed by an Indian company, CMC Limited.
The customer is at the heart of the Middle Eastern fintech revolution
Bahrain is quickly becoming a place for regional and international fintech firms to invest and succeed.
TCS Bancs core system shows Solidarity in Bahrain
Insurance firm plans digital revamp.
Almoayed and Moven go for digital banking advance
Duo team up for fintech ambitions in MENA region.
Bahrain Credit goes omnichannel with Clayfin
Tech firm Computer World will take these services to the Microsoft Azure cloud.
Ahli United Bank signs up for retail payments with AFS
Utilising Android as PoS.
Bahrain to raise $100m for fintech ventures
Will be complementary to an already-existing $100m fund of funds.
Ithmaar Bank and Eazy Financial Services team for biometric payment network
Bahrain-based Ithmaar Bank and Eazy Financial Services to launch the region’s first biometric payment network.
