Fenergo: Partners with BENEFIT


Fenergo: Partners with BENEFIT to Create National eKYC Utility in Bahrain

  • Designing and implementing the world’s first national Know Your Customer (KYC) utility that incorporates blockchain technology
  • The utility platform support sectors including retail and corporate banking, asset management as well as insurance and telecommunications in the future
  • Fenergo deployed the first phase of the eKYC project in just four weeks
  • Financial institutions that subscribe to BENEFIT can instantly complete KYC and Anti-Money Laundering (AML) compliance procedures when onboarding new individual
  • Corporate customers through the Fenergo-powered eKYC hub and rules engine utilising blockchain
  • The centralisation of customer data removes the need for duplicate requests for information, enabling financial institutions to onboard new customers