






CHALLENGE
Money lost to fraud
Fraud prevention encompasses various challenges, including accurate identity verification, secure transactions, and mitigating the risk of financial losses. Traditional methods relying on manual and paper-based documentation are prone to forgery, tampering and human errors. Without adequate checks released funds can be lost to fraudsters.
SOLUTION
Real-time IBAN verification
By leveraging secure APIs, financial institutions can access real-time customer financial data directly from banks, facilitating enhanced identity and account verification. Through IBAN verification, providers can validate the accuracy and legitimacy of customer-provided account information, minimising the risk of fraud.
Events and Resources
POS Financing
Supporting Bahrain’s Vision 2030 to Empower SMEs and Drive Economic Growth by Addressing Financing Access Challenges for SMEs and Corporates Manama, ...
Business growth
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UAE
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Open Banking
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Saudi Arabia
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Open finance
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Banks
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Bahrain
Meeting open finance compliance requirements is a complex journey for banks, financial institutions and insurance providers, particularly in the GCC ...
Payments
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UAE
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Open Banking
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Saudi Arabia
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Bahrain
2025 marks a pivotal year for the financial landscape, with significant transformations reshaping the industry. Open banking, embedded finance, and ...