null Bahrain central bank announces launch of eKYC as part of digital transformation strategy
Bahrain central bank announces launch of eKYC as part of digital transformation strategy
3 Feb 2021 | Wednesday Source: Salaam Gateway
Following the announcement of the national digital identity and the electronic Know-Your-Customer (eKYC) platform in April 2019, the Central Bank of Bahrain (CBB) has announced the successful launch of eKYC by financial institutions in the Kingdom as part of its initiatives for digital transformation in the sector.
The national eKYC platform, which was the first of its kind in the region targeting retail banks, financial services providers and money exchange networks, is operated by BENEFIT in collaboration with the Information and eGovernment Authority (IGA) and under the supervision of the CBB.