How are Open Banking Regulations Evolving in MENA?
The past few years have seen a spike in the global Open Banking agenda, where Bahrain has taken an initial leading role in nurturing related initiatives in MENA. However as Open Banking…
Open Banking and the Future of Banking in MENA
Ever since the COVID-19 hit, the MENA region witnessed a rise in online payments penetration to 76% as well as an increase in smart-phone penetration to an average of 133%. And, while these indicators…
Open Banking Powers MENA’s Sector Evolution
The launch of Open Banking services in Bahrain last December offers a glimpse into how financial institutions have evolved within the region. With banks increasingly being able to ‘talk’ to…
Data-Driven Innovation Will Break the Curse of the Oil Industry
The Gulf is nearing an inflection point. In the face of near-unprecedented economic change, countries across the Middle East are racing to diversify their hitherto hydrocarbon-dependent economies. Consequently, the climate…
Proven APIs Hold the Key to Open Banking Success in Bahrain
The spirit of co-opetition will make Bahrain’s banks the envy of the world Bahrain’s Open Banking compliance deadline of 30th June is rolling around quickly and its regulator, the Central…