Bahrain and Kuwait Strengthen Partnership with Gulf Singapore Bank through Advanced Cross-Border Payment Solutions

Bank of Bahrain and Kuwait has announced the implementation of an automated and advanced cross-border payments solution, in collaboration with the Singapore-Galaxy Bank, to support both incoming and outgoing payments through a high-efficiency, scalable platform. The solution aims to improve processing speed, enhance efficiency, and provide greater transparency in transaction tracking via the SWIFT GPI service, while adhering to anti-money laundering standards and the bank’s operational policies. Additionally, the Singapore-Galaxy Bank will benefit from real-time reporting and monitoring capabilities through the banking services platform, enabling more effective and transparent operational oversight. This collaboration seeks to deliver innovative solutions to facilitate international payments, with a focus on improving efficiency and offering more transparent, scalable services for banking clients and financial institutions.

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