Subscribe to Our Newsletter
Tuesday May 24, 2022
Bitcoin (BTC) $29,309.00   Ether (ETH) $1,976.76
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Vendor Technology

Bahrain’s KHCB adopts Token.io for its open banking services

Published by CryptoNinjas.net
04/02/2019
Bahrain’s KHCB adopts Token.io for its open banking services

Khaleeji Commercial Bank (KHCB), a leading Islamic bank in Bahrain, recently announced that it has partnered with Token.io as part of the bank’s preparations to provide open banking services to its clients in compliance with new regulatory requirements.

This step comes in line with KHCB’s strategy to embrace and partner with fintech companies in compliance with the instructions of the Central Bank of Bahrain (CBB) to enable new and enhanced services to be provided to its customers in Bahrain and the wider region.

Token.io is represented by Tarabut Gateway, a subsidiary of Almoayed Technologies licensed by the Central Bank of Bahrain (CBB).

By applying the system, the bank is setting the required foundation to develop its open banking services with high speed and efficiency. In an era of open banking, this platform will provide a developer-friendly environment enabling KHCB to work with the widest range of international fintechs, delivering to its client’s additional services through its banking platform, including account aggregation, personal financial management tools, and many others.

[perfectpullquote align=”full” bordertop=”false” cite=”Mr. Mahdi Abdulnabi Mohammed, Deputy General Manager – Support Services in KHCB” link=”” color=”” class=”” size=””]”Token.io is considered as one of the most advanced open banking systems available today and will ensure that we are immediately ready and able to integrate with licensed fintech companies to offer consolidated account information services under the open banking regulation. This allows us to provide the basic requirements to promptly launch these services and in a manner that acts in accordance with the rules and regulations of the CBB. Token’s system will assist us in providing the required safe infrastructure for the launch of open banking services, which will pave the way for many more services in the future, making the bank a preferred option for clients to seamlessly conduct their banking transactions.”[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”Todd Clyde, COO, Token.io” link=”” color=”” class=”” size=””]”In our partnership with KHCB, we are applying Token’s international open banking technology and experience to enhance the bank’s services to the benefit of its clients in Bahrain and the wider region. The open banking market in Bahrain is moving quickly and our partnership is helping KHCB establish an early mover position.”[/perfectpullquote]

16
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Token.io launches new spin-out company focused on digital money solutions

12/10/2019
Token.io launches new spin-out company focused on digital money solutions

Leading open banking platform provider, Token.io, today announced the formation of M10 Networks, a new spin-out company focused on developing digital money solutions. Token will continue to consolidate its leadership in open banking infrastructure,...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
Decred blockchain introduces new cross-chain, SPV-based wallet: GoDCR

Decred blockchain introduces new cross-chain, SPV-based wallet: GoDCR

05/23/2022
TRON network integrated with blockchain infrastructure provider Ankr

TRON network integrated with blockchain infrastructure provider Ankr

05/23/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version