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Verofax named winner of BisB Innovation Challenge
MANAMA, January 25, 2021 Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the BisB Innovation Challenge , a Fintech Competition run as part of the Bank s partnership with FinHub 973: CBB (Central Bank of Bahrain) Digital Lab , the kingdom s open application programming interface (API) innovation platform. Verofax, a mature and enterprise-ready service provider, was selected after rigorous screening to ensure a solution with the requisite level of feasibility and security to maintain the confidentiality and security of customers financial data. Verofax, founded by Wassim Merheby, and technology partner Turnkey Lender proposed a unique approach in emerging as the Fintech with potential to build the most promising Proof of Concept (PoC) for the sought solution. Verofax offered a PoC for a Credit Scoring solution, incorporating alternative and unstructured datase
Verofax is the Winner of Bahrain Islamic Bank s BisB Innovation Challenge
BAHRAIN, Jan 25, 2021 - (ACN Newswire) - Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the BisB Innovation Challenge , a Fintech Competition run as part of the Bank s partnership with FinHub 973: CBB (Central Bank of Bahrain) Digital Lab , the Kingdom s open application programming interface (API) innovation platform. Verofax, a mature and enterprise-ready service provider, was selected after rigorous screening to ensure a solution with the requisite level of feasibility and security to maintain the confidentiality and security of customers financial data.