NEWS
Kuwait based Gulf University for Science and Technology joins SAP University Alliances
The Gulf University for Science and Technology , GUST has become the newest member of SAP University Alliances , thereby expanding its curricular to include hands-on technology training that will greatly enhance students ’ career prospects after graduation .
With more than 3,000 members globally , the SAP University Alliances programme provides universities with access to advanced technology solutions , training materials and support .
Membership enables academia to educate the next generation to work in an experience economy and to prepare them for the SAP ecosystem . The programme also creates opportunities for the students to engage and build industry partnerships at SAP events .
Recent initiatives introduced to expand SAP University Alliances ’ membership benefits include educational trips to SAP Headquarters in Germany , and new learning platforms such as Business Builders . Developed by Canadian business school , HEC Montréal , in close collaboration with SAP , Business Builders enables students to compete and engage in scenarios to evaluate sustainable business practices at companies based on the Corporate Sustainability Assessment , CSA Methodology .
Sundus Bushahri , Managing Director of SAP Kuwait , said , “ SAP is focused on supporting Kuwait ’ s ambitious digitalisation , sustainability and skills-development agenda , while also helping companies to leverage the enormous potential of cloud computing and Business AI .”
The SAP University Alliances programme supports all of these objectives , serving as a perfect example of how academia and the public and private sectors can work together to develop a highly skilled sustainable workforce .
GUST students will benefit from practical experience and participate in co-innovation projects and industry networking opportunities . They will therefore graduate with all the necessary skills to succeed in a digital economy while also advancing the sustainability and AI agendas of their future employers .
BENEFIT partners with Zphin , Atyaf to launch insurance marketplace in Bahrain
BENEFIT , Bahrain ’ s innovator and provider in fintech and electronic financial transaction services , has officially signed a strategic partnership with Zphin , the technology arm of PB Fintech . This is to develop a groundbreaking online platform for consumer lending , car insurance , credit cards , and travel insurance . This initiative marks the launch of Bahrain ’ s first-ever consumer lending and insurance marketplace , leveraging open banking infrastructure to create an advanced open finance ecosystem .
This transformative marketplace , integrated into the BenefitPay super app , will empower credit providers of all types to reach the entire bankable population while extending financial services to the unbanked and underbanked . Customers will have increased access to credit with new-age underwriting methods , breaking away from traditional credit evaluation processes . Additionally , this marketplace will enhance the lending market with greater transparency and competitive edge , driving better financial inclusion and empowering consumers with one-stop access to financial products , including embedded insurance options .
Yousif Alnefaie , Deputy Chief Executive of BENEFIT , commented on the partnership , saying , “ We are proud to have joined forces with Zphin and Atyaf eSolutions to launch this cutting-edge platform , which will redefine the way financial products are accessed and utilised in Bahrain . This partnership is a significant leap forward in our journey to enhance the digital ecosystem and deliver seamless , consumerfocused financial solutions .”
He added , “ By integrating lending and insurance services into the BenefitPay app , we are not only offering greater convenience but also empowering individuals to make smarter , more informed financial decisions . This initiative aligns with Bahrain ’ s vision for a more digitally advanced economy and underscores our commitment to the way in financial innovation .”
By leveraging Zphin ’ s technological expertise and Atyaf eSolutions ’ local market knowledge , the platform will provide Bahraini consumers with personalised , pre-qualified financial options , making it easier for users to make informed decisions quickly and confidently .
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