The BENEFIT Company
Nezar Maroof possesses extensive experience in leadership and innovation within the technology and finance sectors. Currently serving as a Board Member at Bahrain FinTech Bay since September 2023, Nezar has also held the position of Assistant General Manager for Marketing & Innovation at The BENEFIT Company since October 2017. Previous board memberships include SINNAD and the Bahrain Tender Board. Nezar's career in governmental roles includes serving as Director of Strategy, BPR, Innovation & PMO at the Information & eGovernment Authority and various directorial positions in information technology at the Ministry of Foreign Affairs and the Ministry of Cabinet Affairs. Nezar holds a Master of Science in Computer and Information Systems Security/Information Assurance from The George Washington University and a Bachelor's degree in Computer Science from King Saud University.
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The BENEFIT Company
The BENEFIT Company was formed to enable the financial sector in Bahrain to forge strong and lasting connections with their customers from across a wide geographical base. And help steer these connections towards enriching the value quotient in all their interactions with member banks and other stakeholders. As the key conduit for all electronic financial transactions throughout Bahrain, BENEFIT’s success has been made possible through a combination of skilled workforce, cutting edge technology, focused strategic planning and initiatives, and determination to provide the most modern financial service for those residing in Bahrain. BENEFIT was established in November 1997 by 17 commercial banks as the National ATM and Point of Sale switch of Bahrain. It was initially licensed by the Central Bank of Bahrain (CBB) to be ‘the provider of ancillary services for the financial sector,’ and soon expanded to cover markets outside Bahrain. BENEFIT’s range of services include operating of Automated Teller Machines (ATM), Point of Sale (POS), GCCNet supported by the GCC countries within the region connecting all ATMs and POS in the gulf, the GCCNet Dispute Management System, Credit Reference Bureau (CRB) for corporate and individuals customers, Telecom Bill Payment (Tele BP), Direct Debit (DD), Payment Gateway (PG), Internet Banking (IB), Bahrain Cheque Truncation System (BCTS) and Amex Cards withdrawal. In addition to varieties of outsourcing services offerings to local and region markets related to bank’s ATM processing, bank’s POS processing and Cards issuing and management through BENEFIT’s subsidiary “ SINNAD”. BENEFIT is administered by a Board of Directors who represents the shareholders. The company’s paid-up capital is to the value of BD 3.1 million (US$ 8.2 million approx.)