It is partnering with Bahrain-based fintech, Tarabut Gateway, the country’s first licensed open banking systems provider.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…
12 | the publication reaches you by | Bahrain NewsThis will enable them to create a consolidated view of their finances from within NBB’s online and mobile banking apps.
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.”
ONE of the largest jewellery retailers, Malabar Gold and Diamonds, has launched a special collection of diamond and…
20 | the publication reaches you by | Bahrain News
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
