Which Countries Are Ready For Open Banking, And Why?
Open Banking is now being adopted in various regions around the world – with more than 87% of countries that have already established some form of Open APIs in the…
‘KHCB’ Launches Its ‘Khaleeji 360’ Open Banking Services Platform
Khaleeji Commercial Bank (KHCB), one of the leading Islamic Banks in the Kingdom of Bahrain, has recently announced that it is fully set to provide its open banking service to clients…
BisB Mobile App Enables Customers to View Their Accounts From All Banks in Bahrain
As part of its efforts to simplify its customers' money matters and provide a seamless banking experience, Bahrain Islamic Bank (BisB) has upgraded its digital services by rolling out new…
Harnessing the Power of New Technologies – Why Banks Must Take Advantage of Open Banking
It’s easy to forget just how rapidly technology has progressed in the space of a single decade. Today, virtual assistants can schedule appointments, while smartwatches monitor our sleep patterns and…
Tarabut Gateway Launches Virtual Hub to Empower Youth and the Wider Community
The virtual platform will roll out 3 programs with a focus on educational awareness and community engagement. In terms of education, the hub will create e-programs; free online, simple and…
Tarabut Gateway Launches New Initiative to Help Bahrain Fight the Covid-19 Crisis
Tarabut Gateway, the FinTech platform that prides itself as the largest Open Banking services provider in MENA, is launching a new initiative called “TG Hub.” The company says it is…
Open Banking Regulations in Bahrain and Why They Matter
When it comes to open banking, it’s extremely important for all stakeholders in the financial ecosystem to be aware of the regulations that make this innovative financial services framework possible.…
How Can Banks Prepare For Open Banking?
Open Banking is a banking initiative that was developed to improve dynamic market competition, stimulate innovation, and give end-users better and more convenient services. Through the use of APIs (“Application…
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…
Why is Open Banking Important for Banks?
Let’s look at the current financial landscape The core components of the banking ecosystem have been shaken. They are challenged by new players who can leverage consumer data, advanced analytics,…
Let’s Be Open About Open Banking
According to PwC, 71% of SMEs and 64% of adults will be using Open Banking by 2022. But before we get into it- are you confused about what Open Banking is? Well,…
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…