www.bahrainthismonth.com business bites April 2021 41 The youth arm of Rotary International, Rotaract Bahrain, and Elysian Water has announced their partnership in launching the nationwide initiative - ‘MAKE A DIFFERENCE’. Through the initiative, Rotaract Bahrain will use recycling proceeds to purchase wheelchairs for The Bahrain Parents Foundation for the Disabled and are further exploring upcycling opportunities with partners to convert this plastic into clothes and other reusable material. President of Rotaract Bahrain, Sanket Kothari, said: “We are excited about this initiative as we believe that collaborating with small and large companies to recycle large quantities of plastic in the Kingdom of Bahrain will enable each person to positively contribute towards the community.” The association has now aligned and partnered with Elysian Water, whose headquarters are based in Bahrain and Saudi Arabia, and have been avidly searching for an entity to recycle their plastic. This initiative is designed to collaborate with companies in Bahrain and the region to prevent the disposal of recyclable plastics. PARTNERING FOR THE GREATER GOOD The Bahrain Association of Banks (BAB) held a remote meeting with several representatives of financial and banking institutions, during which it discussed implementations within the national campaign to raise awareness of fraud prevention. The campaign will be launched shortly by BAB in cooperation with the General Directorate of Anti-corruption and Economic and Electronic Security at the Ministry of Interior, the Telecommunications Regulatory Authority (TRA), the Central Bank of Bahrain, and members of the Association from financial and banking institutions. Aspects of financial fraud which will be focused on include impersonation of a bank employee, requests to update bank data and personal information over the phone, announcements of debts payment, and granting of financing for projects issued by non-regulated entities and individuals who are unauthorised to engage in banking activities. In addition, the campaign will target shopping through suspicious websites, and SMS and electronic messages claiming to win in-kind or cash prizes. Attendees discussed the drafting of campaign assets including videos, posters, messages, press releases, street banners and more which shall be published through social media, TV, radio and more. Kuwait Finance House - Bahrain (KFH-Bahrain) was awarded the J.P. Morgan ‘Quality Recognition Award’ and ‘Elite Quality Recognition Award’ 2020, for the Bank’s performance in individual and financial institutions money transfers. The StraightThrough Processing (STP) award recognises leading financial institutions that have successfully adopted technologically-advanced e-services, in line with J.P. Morgan’s standards for operational excellence. The award comes following a number of initiatives implemented by KFH- Bahrain to ensure high-quality performance in adopting STP, in compliance with J.P. Morgan’s standards. The J.P. Morgan Award consists of two groups, each designated by a SWIFT message type (MT); the ‘Quality Recognition Award’ and the ‘Elite Quality Recognition Award’, which is granted to institutions adopting the highest levels of performance and efficiency practices. FRAUD PREVENTION AWARENESS ELITE RECOGNITION
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