Manama: Beyon Connect, part of the Beyon Group, has announced the successful integration of Rain, a leading regional cryptocurrency exchange, into the revamped eKey 2.0 ecosystem. eKey is Bahrain's Digital Authentication of National Identity platform developed by Beyon Connect in partnership with the Information and eGovernment Authority (iGA).
According to Bahrain News Agency, a signing ceremony was held at Beyon Headquarters in Hamala, Bahrain, attended by Beyon Connect Chairman Shaikh Mohamed bin Khalifa Al Khalifa and Rain Chairman Talal Al Zain. The partnership was signed by Beyon Connect CEO Richard Budel and Rain General Manager Geoff Stecyk.
The integration of eKey 2.0 allows new customers to verify their identity, complete electronic Know Your Customer (eKYC) procedures, and make their first trade within minutes, creating one of the fastest digital onboarding experiences available in Bahrain.
Through the integration, customers can authenticate and securely verify their identity using the revamped eKey 2.0. Following successful verification, key application details, including the customer's full name and National ID number, are automatically prefilled, helping to streamline and accelerate the process. Once approved, customers can use BenefitPay to complete their first trade in under two minutes.
By leveraging Bahrain's Digital Authentication of National Identity platform and its eKYC solution, Rain helps overcome many of the challenges associated with traditional digital onboarding processes, including manually entering identity document details and waiting for verification codes. This provides a faster and more secure onboarding experience, strengthens customer trust, and supports Bahrain's broader digital transformation agenda.
Richard Budel, Chief Executive Officer of Beyon Connect, emphasized the significance of Rain's adoption of the revamped eKey 2.0, highlighting its role in enabling organizations to deliver faster and more secure digital experiences. He expressed pride in supporting Rain in simplifying customer onboarding and contributing to a connected, secure, and innovative digital ecosystem in Bahrain.
Geoff Stecyk, General Manager at Rain, noted the benefits for customers, stating that integrating the revamped eKey 2.0 into their sign-up process aligns with their goals. It provides customers in Bahrain with a faster and more secure way to get started, allowing a new customer to begin trading within two minutes of downloading the Rain app using eKey 2.0 and BenefitPay's purchase service.