Bahrain Clear Launches Skiplino Queue Management System

Wednesday, May 27, 2020
In line with Bahrain Clear’s efforts to adopt the latest financial technology in order to enhance its services, Bahrain Clear announces the launch of a cloud-based queue management system, Skiplino, allowing investors to pre-book online appointments via smart phones.
By utilizing this service, investors will be able to digitally pre-book appointments at a specific time and date, hence, providing convenience and reducing the queuing time. The solution considers the investor’s current location and associated travel time, as well as any anticipated traffic delays and adjusts the appointment time accordingly to minimize the investors waiting time.  This service is available through Skiplino app on both iOS and Android devices.
On this occasion, the Senior Director of Operations at Bahrain Clear Mr. Abdulla Jaffar Abdin commented stating: “The launch of the Skiplino service is part of Bahrain Clear’s efforts towards digital transformation as it provides an alternative channel for serving investors, therefore enhancing efficiency and increasing the accessibility of Bahrain Clear’s services to investors.  The new service is part of Bahrain Clear’s digital transformation strategy and embracement of FinTech to maintain an edge in innovation through enhancing investors’ experience.”
The CEO of Skiplino Mr. Zaman AH. Zaman also commented on this collaboration, “We are pleased to partner with Bahrain Clear, and support their digital transformation efforts to create more resilient and responsible digital solutions for their clients.  We look forward to working with them towards this goal.”
He added “Our partnership with Bahrain Clear reflects our commitment and promise to constantly find new ways to bring value to clients, and the community in Bahrain. Amidst these challenging times, this partnership also promotes safety while still allowing corporations to have access to services and go through a seamless experience that is catered to their needs, especially in these crucial times.”

It is worth noting that Bahrain Clear is a fully owned subsidiary of Bahrain Bourse with a disclosed capital of 5 million Bahraini Dinars, and a paid-up capital of 1 million Bahraini Dinars. Bahrain Clear is licensed by the Central Bank of Bahrain as a ‘Clearing House and Central Depository’ offering post-trade services to investors. Bahrain Clear’s service offering includes related services of securities transactions depository, clearing, settlement, central registry and registration.