Latest news with #AbdulwahedAlJanahi
Daily Tribune
10-07-2025
- Business
- Daily Tribune
BENEFIT Sharpens Bahrain's Fintech Edge with AI
TDT| Manama Bahrain's national payments leader BENEFIT has unveiled a bold AI-driven roadmap for 2025-2026, signalling a strategic push to reinforce the Kingdom's fintech leadership with cutting-edge payment services and SME-first innovations. Announced during the Central Bank of Bahrain's 'FS Horizons: Doubling Down on Digital' event, the new strategy prioritises secure, efficient, and inclusive financial infrastructure while integrating artificial intelligence, data monetisation, and cross-border interoperability. AI and SME focus Among the key pillars of the plan are partnerships with artificial intelligence firms to enhance payment systems, customised tools for small and medium-sized enterprises, and expansion of real-time international payment capabilities through regional collaborations. BENEFIT also aims to drive regional competitiveness by enhancing its data monetisation strategy and delivering seamless customer experiences that adapt to evolving financial behaviour. Regional ambitions The strategy includes a strong international component, with the company preparing to launch its services in select overseas markets. This move is expected to position Bahrain as an exporter of fintech infrastructure and innovation. During the announcement, Ms. Shafaq Al Kooheji, Assistant General Manager of Payment Services at BENEFIT, said the roadmap builds on Bahrain's strong digital base. She highlighted a major milestone from 2024, with instant payment usage reaching 23 transactions per person per month. Future outlook Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, said the new strategy reflects the company's commitment to advancing Bahrain's digital financial landscape while fostering a cashless economy and nurturing fintech talent. He emphasised the importance of an integrated ecosystem tailored to both individual and institutional needs. The roadmap's rollout is expected to bolster Bahrain's fintech credentials and inspire further digital transformation across the region.
Biz Bahrain
10-07-2025
- Business
- Biz Bahrain
BENEFIT Unveils Visionary Roadmap to Advance Digital Payments
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, unveiled its strategic roadmap for 2025-2026, introducing a range of exclusive and high-impact offerings. These include new payment services and features aimed at enhancing user experience, tailored payment solutions designed specifically for SMEs, as well as the facilitation of cross-border instant payment interoperability via strategic collaborations with regional and neighboring countries. BENEFIT's strategy aims to accelerate corporate growth by developing partnerships with artificial intelligence firms and enhancing data monetization. The strategy also outlines plans for international expansion, with BENEFIT poised to offer its services in select global markets to reinforce its role as a key enabler of digital transformation across the financial services landscape. Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, commented, 'We are pleased to unveil BENEFIT's strategic roadmap for 2025 and 2026, which reflects the company's leading role in advancing the digital financial landscape in Bahrain and across the region. This strategy is driven by our commitment to delivering secure and efficient payment solutions, expanding a network of high-impact partnerships, enhancing financial services infrastructure, promoting a cashless economy, and supporting the development of emerging talent in the fintech sector. These efforts form part of a broader vision to build an integrated ecosystem of innovative solutions tailored to the evolving needs of individuals and institutions alike.' The strategy was announced by Ms. Shafaq Al Kooheji, Assistant General Manager of Payment Services-BENEFIT Company, during her participation at FS Horizons: Doubling Down on Digital event, hosted by the Central Bank of Bahrain in partnership with the Bahrain Economic Development Board. During the session, Ms. Al Kooheji outlined BENEFIT's strategy, highlighting advancements it brings to the digital payments' ecosystem, and also presented key milestones achieved by the company, notably the increase in instant payment activity, which reached 23 transactions per individual per month in 2024.
Zawya
09-07-2025
- Business
- Zawya
BENEFIT unveils visionary roadmap to advance digital payments
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, unveiled its strategic roadmap for 2025-2026, introducing a range of exclusive and high-impact offerings. These include new payment services and features aimed at enhancing user experience, tailored payment solutions designed specifically for SMEs, as well as the facilitation of cross-border instant payment interoperability via strategic collaborations with regional and neighboring countries. BENEFIT's strategy aims to accelerate corporate growth by developing partnerships with artificial intelligence firms and enhancing data monetization. The strategy also outlines plans for international expansion, with BENEFIT poised to offer its services in select global markets to reinforce its role as a key enabler of digital transformation across the financial services landscape. Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, commented, 'We are pleased to unveil BENEFIT's strategic roadmap for 2025 and 2026, which reflects the company's leading role in advancing the digital financial landscape in Bahrain and across the region. This strategy is driven by our commitment to delivering secure and efficient payment solutions, expanding a network of high-impact partnerships, enhancing financial services infrastructure, promoting a cashless economy, and supporting the development of emerging talent in the fintech sector. These efforts form part of a broader vision to build an integrated ecosystem of innovative solutions tailored to the evolving needs of individuals and institutions alike.' The strategy was announced by Ms. Shafaq Al Kooheji, Assistant General Manager of Payment Services-BENEFIT Company, during her participation at FS Horizons: Doubling Down on Digital event, hosted by the Central Bank of Bahrain in partnership with the Bahrain Economic Development Board. During the session, Ms. Al Kooheji outlined BENEFIT's strategy, highlighting advancements it brings to the digital payments' ecosystem, and also presented key milestones achieved by the company, notably the increase in instant payment activity, which reached 23 transactions per individual per month in 2024. Aisha Buhiji Administrator, PR & Corporate Communication ayshab@ The Benefit Company B.S.C (C) P.O Box 2546, Seef District, Kingdom of Bahrain
Biz Bahrain
25-04-2025
- Business
- Biz Bahrain
BENEFIT Showcases Cutting-Edge Digital Financial Solutions at 'Innovation in Social Housing' Summit
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, participated in the 'Innovation in Social Housing Sector' Summit, held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. Under the theme 'Towards Innovative and Sustainable Housing Solutions,' the event was held at Exhibition World Bahrain, serving as a platform to explore transformative and sustainable approaches to social housing. During the conference, BENEFIT underscored its leading role in advancing integrated digital financial solutions tailored to the needs of the housing and real estate sectors. The company showcased exemplary case studies stemming from its strategic partnerships with both public and private sector entities, illustrating its financial services as key enablers of financial innovation, streamlining home financing processes, enabling secure and efficient digital payment channels, and simplifying lending procedures for citizens and residents across the Kingdom. As part of the exhibition held alongside the summit, BENEFIT engaged directly with visitors at its dedicated stand, providing information and guidance on its credit bureau services. Attendees were offered on-the-spot access to their personal credit reports through the Bahrain Credit Bureau, a BENEFIT-operated service that has been embedded within the housing application requirements to enhance the efficiency and timeline of the evaluation process. BENEFIT emphasized that its collaborative efforts with the Ministry of Housing and Urban Planning and the Eskan Bank to fetch applicants' credit report data have significantly simplified procedures for the Ministry's housing programs. This integration ensures faster, more efficient delivery of support to eligible beneficiaries. In addition, BENEFIT leveraged this participation to raise awareness about its flagship app, BenefitPay, and the comprehensive range of services it offers. A particular highlight was the Fawateer feature, which enables users to seamlessly view and pay bills electronically. Mr. Abdulwahed AlJanahi, Chief Executive at BENEFIT commented, 'We are proud to contribute to this important national initiative, which reflects our continued dedication to empowering individuals through forward-thinking financial solutions that align with the objectives of social housing programmes. Our focus remains on delivering secure, accessible, and practical digital tools that streamline financial processes and enrich the overall experience of programme beneficiaries.' Mr. AlJanahi affirmed that the remarkable turnout at BENEFIT's stand reflects the growing public interest in innovative digital financial solutions and expressed appreciation for the opportunity to participate in such a significant event, which serves as a valuable platform to engage with citizens and key stakeholders within the housing sector. This participation reinforces BENEFIT's pivotal role in supporting Bahrain's national digital transformation agenda by advancing secure, integrated payment ecosystems that contribute to a cashless society and enhance the quality of life for all.
Zawya
24-04-2025
- Business
- Zawya
BENEFIT showcases cutting-edge digital financial solutions at 'Innovation in Social Housing' summit
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, participated in the 'Innovation in Social Housing Sector' Summit, held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. Under the theme 'Towards Innovative and Sustainable Housing Solutions,' the event was held at Exhibition World Bahrain, serving as a platform to explore transformative and sustainable approaches to social housing. During the conference, BENEFIT underscored its leading role in advancing integrated digital financial solutions tailored to the needs of the housing and real estate sectors. The company showcased exemplary case studies stemming from its strategic partnerships with both public and private sector entities, illustrating its financial services as key enablers of financial innovation, streamlining home financing processes, enabling secure and efficient digital payment channels, and simplifying lending procedures for citizens and residents across the Kingdom. As part of the exhibition held alongside the summit, BENEFIT engaged directly with visitors at its dedicated stand, providing information and guidance on its credit bureau services. Attendees were offered on-the-spot access to their personal credit reports through the Bahrain Credit Bureau, a BENEFIT-operated service that has been embedded within the housing application requirements to enhance the efficiency and timeline of the evaluation process. BENEFIT emphasized that its collaborative efforts with the Ministry of Housing and Urban Planning and the Eskan Bank to fetch applicants' credit report data have significantly simplified procedures for the Ministry's housing programs. This integration ensures faster, more efficient delivery of support to eligible beneficiaries. In addition, BENEFIT leveraged this participation to raise awareness about its flagship app, BenefitPay, and the comprehensive range of services it offers. A particular highlight was the Fawateer feature, which enables users to seamlessly view and pay bills electronically. Mr. Abdulwahed AlJanahi, Chief Executive at BENEFIT commented, 'We are proud to contribute to this important national initiative, which reflects our continued dedication to empowering individuals through forward-thinking financial solutions that align with the objectives of social housing programmes. Our focus remains on delivering secure, accessible, and practical digital tools that streamline financial processes and enrich the overall experience of programme beneficiaries.' Mr. AlJanahi affirmed that the remarkable turnout at BENEFIT's stand reflects the growing public interest in innovative digital financial solutions and expressed appreciation for the opportunity to participate in such a significant event, which serves as a valuable platform to engage with citizens and key stakeholders within the housing sector. This participation reinforces BENEFIT's pivotal role in supporting Bahrain's national digital transformation agenda by advancing secure, integrated payment ecosystems that contribute to a cashless society and enhance the quality of life for all.
