Bahrain Commercial Facilities Company (BCFC) and Beyon Connect have signed a Memorandum of Understanding (MoU), to onboard the innovative digital identity and digital postbox solutions delivered by Beyon Connect, making it the first Bahraini financial institution to do so.
BCFC provides short, medium and long-term loans in addition to its other subsidiaries that provide auto, insurance, and real estate products & services, and is committed to offer cutting-edge, highly secure, and simplified digital experiences to its valued customers.
Under the MoU, Beyon Connect will deliver its innovative digital postbox solution, OneBox, which will enable secure communication and documentation transmission and storage between BCFC and its customers in one safe and trusted digital space. Customers will have access to the new digital services around the clock, which will reduce the need to visit the branches in person.
It will also deliver OneID, a new platform to register a unique digital identity, to enable secure interactions with BCFC digital services. OneID will be made available as a mobile application for both iOS and Android. It allows the onboarding of BCFC customers through a simple and secure e-KYC process supporting passport and national ID cards with facial recognition and liveness check.
“We are proud to sign with BCFC to deliver OneID and OneBox, our highly secure digital ID and communication platform built on transparency, privacy, and trust. We recognize the need for innovative digital solutions that help organizations address the communications challenges they face due to the evolving digital economy and the solutions offered by Beyon Connect have been developed with current and future requirements in mind.”
BCFC CEO Mr. Abdulla Bukhowa said that “We see the adoption of OneID and OneBox as a key enabler in BCFC’s digital finance and insurance vision, providing our customers with the assurance that we are early adopters of the Central Bank of Bahrain’s ongoing initiatives in driving safe and compliant financial digital transformation within the Kingdom.”
Beyon Connect paves the way for a secure, modern, digitally connected, and trusted MENA region by introducing OneID and OneBox to the Bahrain market. Beyon Connect, in collaboration with its pioneering partners, will build the foundation for a data-driven, sustainable, and paperless future.