Bahrain’s TRA issues 1st license to execute trust, e-signature services to BENEFIT company

By Shilpa Annie Joseph, Official Reporter
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Bahrain’s Telecommunications Regulatory Authority (TRA) has issued the first license to execute e-signature and trust services to the region’s leading fintech and electronic financial transactions service firm BENEFIT, in support of the Kingdom’s digital transformation agenda.

Eng. Mohamed Alnoaimi, TRA’s Director of Cyber Security & Technical Affairs emphasized the authority’s commitment to evaluating all systems and processes regularly to ensure that they are contributing to meeting citizens’ requirements while respecting all stakeholders’ rights.

TRA also supports efforts that encourage the adoption of the most up-to-date advances and technology in order to improve service quality.

Mohamed Alnoaimi
Eng. Mohamed Alnoaimi
Cyber Security & Technical Affairs

“Through licensing trust and e-signature services, TRA seeks to keep pace with the latest technologies and developments to carry out its tasks and perform its duties to achieve the strategy of the digital transformation. The e-signature service is the latest initiative of TRA in this field. The increased use of “e-signature” will help to enhance the efficiency of administrative work and the level of performance of government and private services by the rapid technological trends.”

BENEFIT’s Assistant General Manager for Information Technology, Mr. Riyadh Al-Maraj said, “We are pleased that BENEFIT Company is the first entity in the Kingdom of Bahrain to obtain a license for trust services and e-signature, after passing the standards and specifications for providing the service according to the regulations issued by TRA.”

“BENEFIT has invested in establishing an advanced technical infrastructure according to the very best international practices to meet the requirements of this license, which we look forward to opening wide doors for many future applications,” Mr. Al-Maraj added.

Trust and e-signature services come within the package of services as per the legislation and laws of the Kingdom of Bahrain following the provisions of Articles (20) and (21) of the Electronic Communications and Transactions Law.

“E-signature services allow conducting and signing transactions electronically and remotely and promoting and adopting e-signatures as a safe and reliable method when conducting transactions and services electronically,” as per the reports.

Related: Bahrain’s BENEFIT to power up India’s RuPay at ATMs across the Kingdom