The Information and Electronic Government Authority and Beyon Connect launched the service “Know your collective customer”

In the context of strengthening the process of national digital transformation and developing a reliable digital financial environment, the Information and E -Government Authority, in cooperation with Beyon Connect, announced the launch of the “Bulk Kyc Service” service, aimed at enabling the licensed financial institutions to verify large numbers of customers safely and reliable, through direct comparison with the base of the population registry base.

This strategic service allows licensed financial institutions to raise and verify huge numbers of customer records directly, compared to the central population registry in Bahrain. It also provides the ability to identify and update old records and “Know your customer” or uninterrupted on a large scale.

Where this service enriches the customers from the periodic update of their personal data, as this is done automatically through the direct linking with the authority, which makes the digital transformation an easy experience for all, and in a way that enhances the ability of the financial sector to meet the requirements of the Central Bank of Bahrain accurately and effectively, while reducing the risks associated with identity -related fraud. In a way that enhances the financial sector’s ability to meet the requirements of the Central Bank of Bahrain accurately and effectively, while reducing the risks associated with identity -related fraud.

With regard to citizens and residents who have not updated information for banking institutions, the Bulk Kyc service cancels the need to manually update their data, which contributes to simplifying the compliance process of bank requirements and makes digital transformation an easy experience for customers.

On this occasion, His Excellency Mr. Mohamed Ali Al -Qaid, CEO of the Information and Electronic Government Authority, stressed that the “Know your collective customer” service is among the digital initiatives launched by the authority in cooperation with the private sector aimed at achieving the directives of the rational leadership and the esteemed government in enhancing the reliable and advanced financial environment, adding that it represents a strategic commitment to the authority to support the national financial sector by launching innovative digital solutions that contribute to enhancing Confidence and keep pace with the highest regulatory requirements, stressing that it represents a qualitative step within the march of national digital transformation, and the authority is keen to harness the latest digital technologies to provide reliable and safe services, which enables financial institutions to enhance customer and partners’ confidence, support economic competitiveness, and enhance the sustainability of development in the Kingdom of Bahrain.

For his part, Sheikh Mohammed bin Khalifa Al Khalifa, CEO of Beyon for digital growth, stressed: “This initiative is not just an advanced technology, but rather contributes to enhancing the integrity of the financial system in Bahrain, as it allows the provision of institutions with a strong tool to get rid of old records, enhance confidence, and achieve compatibility with the regulatory and security requirements in the Kingdom.”

The authority pointed out that the “Know your Collective Client” service is part of its comprehensive system for digital verification and confidence enhancement, which falls within the application of the developed e-mail (Ekey 2.0) and the electronic developed electronic key (Ekey-B). These initiatives contribute to enhancing the position of the Kingdom of Bahrain as a leading global destination in the field of digital trust, the safe definition of identity, and the provision of innovative solutions in the financial sector, in order to support the national digital transformation and enhance a reliable and safe financial environment for institutions and clients alike.

The service also depends on the Zero Trust, which is supported by EKEY 2.0 technology, provides advanced levels of protection through mandatory biometric authentication, and adopting national encryption standards for data protection during storage and transportation. The institutions were able to fully control encryption switches, while ensuring transparency and accountability through continuous audits, in order to enhance customer and partners’ confidence.

The service is available for all licensed financial institutions covered by the electronic business key developed for business, as data can be raised and verified through a safe electronic portal, and the results are registered with full encryption and audit records, which accelerates compliance operations and improves data quality.

On the level of implementation, Beyon Connect, the national partner of the developed electronic key for business, will provide documents, technical guidelines and the necessary support for institutions wishing to implement the service, in preparation for the official launch in mid -October 2025, while emphasizing the readiness of all parties to ensure the success of this strategic national initiative.