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Bahrain launches largest fintech hub in MENA region

New treasury tech project for TCS in Bahrain

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 […]

BMB Investment Bank in treasury tech revamp with TCS Bancs

New treasury tech project for TCS in Bahrain

Bahrain-based BMB Investment Bank has opted to modernise its treasury operations with the TCS Bancs system from TCS Financial Solutions.

Bahrain’s fintech sandbox fires up with dynamic duo

Bahrain

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 […]

The rise of Islamic fintech, global opportunities for Bahrain

David Parker, Bahrain Economic Development Board

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.

Bahrain’s central bank creates sandbox for fintech start-ups

Bahrain

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, […]

NCR makes it nice and Eazy for Bahrain’s biometric payments

NCR

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 […]

Bahrain looks to Singapore for fintech fortune

Bahrain

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 International live on Path Solutions’ iMAL core system

Bahrain Bourse has installed the new Nasdaq OMX engine at Manama's Financial Harbour

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 […]

Bahrain Bourse goes live with Nasdaq OMX trading engine

Bahrain Bourse has installed the new Nasdaq OMX engine at Manama's Financial Harbour

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 […]

Bahrain Bourse to install Nasdaq OMX trading engine

Bahrain Bourse will install the new Nasdaq OMX engine at Manama's Financial Harbour

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.

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