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Reserve Bank of Bahrain launches HyperLedger Fabric eKYC system

The system provides a nationwide electronic identity data source for economic establishments to firmly verify the identifications of their consumers, verify their info as well as share data digitally prior to supplying solutions as well as products. BENEFIT has also created the API for the platform, which permits for seamless integration with financial institutions core systems, mobile applications and electronic channels. We have done well in making it possible for the integration of this digital system into core banking systems as well as wise phone applications, and also we are pleased to announce that Bahrain Islamic Bank has efficiently incorporated this platform into its core financial services system, while « ila » Bank provides customer on-boarding in a autonomous as well as entirely electronic fashion with its mobile application, both based on eKYC API combination. […]