Bahrain Clear has signed an agreement with Beyon Connect to adopt the national digital identity authentication platform, eKey 2.0, as part of efforts to update and enhance its investor database. The move underscores Bahrain Clear's commitment to advancing digital transformation, strengthening operational readiness, and reinforcing robust data governance practices within Bahrain's capital markets infrastructure.
Under the agreement, Bahrain Clear has activated Bulk Know Your Customer Bulk KYC services through the eKey 2.0 platform. This initiative is designed to improve the accuracy, completeness, integrity, and regulatory compliance of investor records across the capital markets ecosystem.
By leveraging the enhanced eKey 2.0 system, Bahrain Clear aims to streamline identity verification processes, ensure higher-quality investor data, and support a more efficient, secure, and transparent post-trade environment. The collaboration reflects broader national efforts to digitize financial services and strengthen trust, governance, and efficiency across Bahrain's financial markets.
