Benefit participates in Credit Conference ‘Empowering Vision, Enabling Decision’ in Kuwait

TDT | Manama

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service operating the Bahrain Credit Reference Bureau, took part in the Credit Conference organized by the Kuwait Credit Information Network Company (CINET) at the Sheikh Jaber Al Ahmad Cultural Centre in Kuwait.

The conference was held under the theme “Empowering Vision, Enabling Decision” with the participation of members of the Arab Committee on Credit Information under the Arab Monetary Fund. The event brought together representatives from Arab central banks, chief executives of regional credit bureaus, and senior leaders from the finance, technology, telecommunications, and real estate sectors.

Benefit’s participation reflected its prominent position as one of the region’s foremost FinTech institutions in the development of credit information systems. It also highlighted the distinguished standing of the Bahrain Credit Reference Bureau, which is operated by Benefit and recognized for its role in supporting the credit ecosystem and advancing the financial sector at regional and international levels, as Benefit continues to introduce innovative digital solutions that enhance transparency and assist institutions in making well-informed decisions.

During the conference, Mrs. Latifa AlMutawa Assistant General Manager -Bahrain Credit Reference Bureau, delivered a presentation titled “Instant Credit Approval: Speed, Simplicity and Smarter Lending through Digital Credit Solutions”. Her presentation explored the role of instant credit solutions in accelerating financial decision-making processes, elevating customer experience, reducing risk, and strengthening the competitiveness of financial and banking institutions through the adoption of data-driven and analytically advanced models.

In a related session, Mr. Mohammed Audeh, Data Scientist Officer at the Bahrain Credit Reference Bureau, presented Benefit’s experience in adopting cloud-based solutions within the credit information and FinTech sector. His discussion addressed the strategic advantages of cloud technologies, including improved operational efficiency and enhanced cybersecurity levels, enabling institutions to grow, expand and adapt to rapid market developments.

Leading the Bahraini delegate, Ms. Hessa Hussain, Deputy Chief Executive, Bahrain Credit Reference Bureau & Data Service comment: “We are truly honored to participate in this distinguished conference, which provided an invaluable platform to share Bahrain’s experience and Benefit’s journey in digital credit innovation. Benefit’s participation in the Credit Conference reflects our ongoing commitment to advancing digital credit solutions and supporting the financial sector’s growth in Bahrain and the region. By leveraging innovative technologies and data-driven approaches, we continue to empower institutions to make faster, more accurate lending decisions, ultimately enhancing customer experience and sector efficiency.”

Commenting on Benefit’s participation, Mrs. Latifa AlMutawa stated: “We are pleased to take part in the Credit Conference, which provided an important platform to showcase Bahrain’s successful experience in instant credit approval and to highlight Benefit’s role in developing digital solutions that rely on credit information to enhance the speed and accuracy of lending decisions. The conference also offered valuable opportunities to exchange expertise and discuss mechanisms to improve customer experience through automation and instant verification, contributing to a more efficient financial sector capable of delivering faster and more secure services.”