Smart Fintech marks a new premiere in Romania, becoming the first third-party provider licensed on both open banking segments. After becoming the first authorized payment institution in Romania under the PSD2 European directive in April, the start-up also received earlier this month authorization as an account information service provider from the National Bank of Romania, […]

Bank of America has launched a new solution, which enables companies with frequent payments to consumers to provide their beneficiaries with the ability to choose how they want to be paid. Called Recipient Select, the solution addresses complexities that companies grapple with related to the growth of business-to-consumer payments, including the proliferation of consumer payment […]

Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has won the prestigious Retail Banker International (RBI) Asia Trailblazer Award 2021 for being the ‘Best Retail Bank in Pakistan’, along with an honorable mention of “Highly Commended” for its House Loan in the Best Loan Offering category. Organized in collaboration with Arena International, UK, Middle […]

Backbase has entered into a long-term collaboration with Raiffeisen Switzerland. As part of its 2025 strategy, Raiffeisen aims to consistently evolve from a product provider to a solution provider, which is the reason for its work with Backbase. The objective is to develop the digital interface between the bank and its customers while moving further […]

Finxact, the provider of the next-gen core banking platform to the US regional and super-regional banking sector hasannounced that Feedzai, the leading cloud-based financial risk management platform, has joined its Marketplace of best-in-class solutions. The collaboration will couple next-gen core capabilities and real-time core transaction data with the speed and scale of Feedzai’s financial risk […]

Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a Memorandum of Understanding (MoU) with Fecto Belarus Tractors Private Limited (FBTL), a pioneer in introducing Russian-based technology tractors in Pakistan since 1962. Under this collaboration, customers will be able to finance FBTL Tractors through MMBL’s range of agri-products. Ghazanfar Azzam, President and CEO […]

Pakistan’s largest Digital Bank, Mobilink Microfinance Bank Limited (MMBL) announced its financial results for the first half of the fiscal year ending June 30, 2021. The Bank reinforced its market standing as the leading Digital Bank by posting a 98% growth in total revenue with the Profit before Tax (PBT) growing by 14601% compared to […]

Pakistan’s premier financial institution, Bank Alfalah, has introduced a simple, secure, and innovative online payment gateway to facilitate the acceptance of online payment transactions for a variety of e-commerce needs. Alfa Payment Gateway’s offers key benefits like Instant Digital On-boarding No Set-up Cost or Annual Fee Lowest per Transaction Charges Multiple Payment Modes – All […]

Pentadata has announced a partnership with Finicity, a leading provider of open banking solutions. Finicity, acquired by Mastercard in 2020, is working closely with Pentadata to help developers create apps that deliver value-added services to merchants and consumers through payment card data. Consumers can now provide permission access to their data so they can make […]

The Asian Development Bank’s Trade and Supply Chain Finance Program (TSCFP) has signed an agreement with Dubai Islamic Bank Pakistan Limited  to support trade in Pakistan. ADB will provide guarantees to help DIBPL expand its trade finance business in Pakistan. TSCFP has been operating in the country since 2008. The addition of DIBPL increases TSCFP’s Pakistan partner banks to 13 […]