Abu Dhabi Islamic Bank has seen a substantial rise in customer demand for its digital banking services in 2020. Even after the phased re-opening of the UAE economy, ADIB has continued to see strong uptake for digital services, with 75% of customers now enrolled through the bank’s digital channels. In total, 50% of new ADIB […]

Mastercard has signed a memorandum of understanding (MoU) with the Ethiopian Ministry of Innovation and Technology (MINT) to develop and implement strategic solutions and relevant policies to deliver a digitized economy in Ethiopia. The MoU is expected to help Ethiopia optimize existing technology, digital assets and services in driving its digital transformation agenda which will […]

City Bank has launched City Ekhoni Account, a mobile app for customers to open account instantly. This app will replace traditional method of account opening. City Bank has introduced E-KYC following the guidelines provided by Bangladesh Financial Intelligence Unit, BFIU. Opening  account is very simple. After installing  ‘City Ekhoni Account’ app, customers are asked to […]

Stripe has entered into an agreement to acquire Paystack, a technology company based in Lagos that makes it easy for organizations of all sizes to collect payments from around the world. Stripe and Paystack have been working closely together for some time. In 2018, Stripe led Paystack’s Series A financing round and has provided ongoing guidance as […]

Deutsche Bank has rolled out  ‘Deutsche BizBanking’, a new platform under which its business clients ranging from self-employed small businessperson to medium-sized businesses will be served under single platform. The products and services of its Deutsche Bank, Postbank and FYRST brands will be managed by a single unit called “Deutsche BizBanking.”The bank has strengthened the […]

Mastercard has announced partnership with Signzy to enable Signzy’s video-based KYC solution for its banking customers. With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure onboarding solution for end-users.  This would be 99% faster than the traditional paper-based KYC process. Backed by artificial intelligence (AI) and machine learning (ML) technologies, […]

Mastercard has launched Mastercard Track Card to Account Transfer, a new business-to-business payments solution in Asia Pacific, It will allow businesses to use commercial cards to pay Suppliers regardless of whether they accept card payments. TrackTM Card will help businesses manage cash flow, eliminate manual work and expand payment options as Suppliers can receive card […]

  Citibank India and Mastercard has collaborated to launch ‘IKEA Family Credit Card by Citi’. This card provides instant in-store card bookings, direct payments via Bharat QR, accelerated reward points and attractive EMIs. Furthermore, the card will also offer reward points on all purchases with instant reward redemption at IKEA.The accumulated points can be redeemed in part […]

Temenos has announced that FlowBank has selected Temenos Transact delivered as SaaS to power its new digital bank in Switzerland. The technology will enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors in Switzerland and internationally. By using SaaS, FlowBank will create a hyper-efficient cost model and reduce IT […]

Tata Consultancy Services has announced that Bahrain Development Bank has selected  TCS BaNCS™ Global Banking Platform for its core banking transformation. The bank selected the front-to-back digital offering, TCS BaNCS Global Banking Platform, enabled with APIs and cognitive tools such as AI and analytics. The platform will help BDB meet the unique needs of the small […]