CFI Financial has gone live with eKey for Business in
Bahrain through an integration with Beyon Connect. The
company recently launched in the Kingdom and becomes “the first investment
platform” in Bahrain to use eKey for Business, also known as EKEY-B.
Bahrain’s First eKey Investment Onboarding
EKEY-B is the national biometric digital identity and
electronic know-your-customer platform for the private sector. It was developed
by Beyon Connect in cooperation with the Information & eGovernment
Authority. The platform forms part of Bahrain’s eKey 2.0 programme, which is
intended to extend “passwordless, and consent-based digital identity services”
from the public sector to private companies.
Yaseen Alsamerrai, CFI Country Chief Executive Officer in
Bahrain, said the company was “pleased to embrace eKey for business” and that
the integration supports a “fast, secure, and intuitive trading experience.”
Biometric onboarding meets Central Bank compliance
Through the integration, CFI Financial now provides a fully
digital onboarding process using 3D facial biometrics. The process removes
passwords, one-time passcodes, and manual document uploads. The companies said
the onboarding process is designed to be secure and simple for new clients,
relying on Bahrain’s national digital identity infrastructure.
CFI said the system supports compliance with the Central
Bank of Bahrain’s KYC requirements and aligns with the Personal Data Protection
Law. Christopher Hild, Chief Executive Officer of Beyon Connect, said the
adoption reflects “the growing momentum behind Bahrain’s digital identity
ecosystem.”
Beyon Connect delivers eKey for Business on behalf of the
Information & eGovernment Authority. The service remains a central element
of the eKey 2.0 framework, which applies across both public and private
sectors.
Q3 Trading Activity Shows Growth
Alongside its eKey rollout in Bahrain, CFI
Financial reported increased trading activity in the third quarter of 2025.
The group’s trading volume reached USD 1.55 trillion, up 3% from the previous
quarter and 54% higher than the same period last year, with September
accounting for USD 625 billion. Active clients rose 28% year-on-year, and
funded accounts increased 27% compared with 2024.
The group expanded operations in Bahrain and Colombia and
maintained brand visibility through ambassador programs. CFI also partnered
with Etihad Arena in Abu Dhabi as its Official Online Trading Partner.
This article was written by Tareq Sikder at www.financemagnates.com.
Source link
