Manama: Beyon Connect, a part of the Beyon Group, has entered into an agreement with Mubasher Capital, a leading investment brokerage firm in the region, to implement EKEY for Business (EKEY-B), Bahrain's national digital identity authentication and consent-based eKYC platform for the private sector.
According to Bahrain News Agency, the adoption of EKEY-B will allow Mubasher Capital to utilize eKey 2.0's biometric authentication and secure digital onboarding features. This move will help enhance compliance with regulatory requirements and provide a secure, biometric-based onboarding experience for clients.
The agreement was signed in the presence of Christopher Hild, CEO of Beyon Connect, and Ihab Rashad, General Manager of Mubasher Capital. This partnership highlights both organizations' commitment to advancing secure digital services within Bahrain's financial sector.
Mubasher Capital is a key player in regional and international capital markets, catering to a diverse range of investors, including individuals, institutions, and corporations. Through this collaboration with Beyon Connect, Mubasher joins other financial institutions in utilizing national digital identity infrastructure to improve efficiency and customer experience.
Christopher Hild, CEO of Beyon Connect, expressed satisfaction with the partnership, stating, "We are pleased to partner with Mubasher Capital as they adopt EKEY for Business. This collaboration reflects the increasing confidence of the financial sector in national digital identity as a foundation for secure, compliant, and frictionless customer engagement."
Ihab Rashad, General Manager of Mubasher Capital, added, "Adopting EKEY for Business represents an important step in strengthening our digital capabilities and compliance framework. This partnership with Beyon Connect enables us to offer our clients a more seamless and secure onboarding experience."
EKEY for Business (EKEY-B), provided by Beyon Connect, extends Bahrain's national digital identity platform eKey 2.0 to the private sector. It allows companies to perform eKYC and biometric authentication through a secure, consent-based model, enhancing compliance and reducing fraud risks.
The partnership with Mubasher Capital marks a significant milestone in expanding the adoption of national digital identity infrastructure across Bahrain's financial ecosystem, reinforcing the Kingdom's leadership in digital innovation.