Bahrain Clear, a
fully-owned subsidiary of Bahrain Bourse, has signed an agreement with Beyon
Connect to adopt the national digital identity authentication platform (eKey 2.0) to update its investor database,
reflecting its commitment to advancing
digital transformation, strengthening readiness and data governance.
As part of this collaboration, Bahrain Clear has utilized Bulk Know Your
Customer (Bulk KYC) services through the eKey 2.0 platform to update its investor
database. This initiative aims to enhance the accuracy, completeness, and
compliance of investor records across
the capital markets ecosystem.
The eKey 2.0 platform, developed by Beyon Connect and operated by the
Information & eGovernment Authority (iGA) enables secure, passwordless
identity verification, biometric authentication, and secure data validation for
regulated institutions in Bahrain.
Shaikh Khalifa bin Ebrahim Al-Khalifa, Chairman of Bahrain Clear, stated:
“This agreement with Beyon Connect supports our efforts to modernize investor
services and leverage technology and digitization, further strengthening the
capital markets infrastructure in Bahrain. By integrating Bulk KYC, we ensure
that our records remain up to date, compliant, and aligned with international best
practices. This collaboration reflects our commitment to enhancing operational
efficiency, improving investor experience, and driving digital transformation
across the capital markets ecosystem.”
Christopher Hild, CEO of Beyon Connect, added:
“We are pleased to collaborate with Bahrain Clear on this important milestone
in their digital journey. By adopting eKey 2.0 and implementing Bulk KYC
services, Bahrain Clear is leading by example in building a secure, scalable,
and future-ready capital market environment.”
The agreement also sets the stage for potential future collaboration around
other eKey 2.0 capabilities, including passwordless investor login, biometric
authentication onboarding, and delegated digital services, enabling a seamless,
secure experience across the broader financial ecosystem.