NBB forges ahead with open banking in Bahrain

It is partnering with Bahrain-based fintech, Tarabut Gateway, the country’s first licensed open banking systems provider.

UAE, KSA, Kuwait to Enhance Bahrain Fiscal Stability

The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…

As of this week, NBB customers are able to access new digital services and aggregate all their accounts from any bank in Bahrain.

This will enable them to create a consolidated view of their finances from within NBB’s online and mobile banking apps.

The bank says the move reflects is commitment to transform and diversify its business through investment in digital infrastructure and services.

Yaser Alsharifi, chief strategy officer, comments:

“Allowing our customers to get a full view of their finances in one place is an important step in making banking more accessible and convenient… and an achievement towards our digital offering.”

The introduction of open banking to Bahrain’s banking sector was laid down in November 2018 when the Central Bank of Bahrain introduced regulations that mandated the adoption of open banking by all banks in the Kingdom by 30 June 2019.

Abdulla Almoayed, CEO at Tarabut Gateway, emphasises the speed of implementation at NBB.

“Banks in other markets, like the UK, have taken years to reach this point. NBB has achieved it in less than six months.”

Improving Organizational Performance with Fusion Leadership and Business Excellence in Bahrain

Global Experts in Leadership and Business Excellence will lead a powerful discussion focusing on improving organizational performance at…

Keywords: National Bank of Bahrain NBB
Category Business | 2019/05/18 latest update at 7:00 PM
Source : | Photocredit :

270 Views
Comments Add comment

NBB extends support to individuals

NBB acquires 78.8% stake in Bahrain Islamic...

NBB takes the lead as the first...

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.