DFCC Bank moves forward by implementing the non-face to face onboarding process based on the guidelines issued by central bank and accessing the database of department of registration of persons to verify customer national identity card information. The process was implemented in May 2021 and many customers since have been onboarded. This initiative was timely […]

NGDATA has announced it has joined IBM’s growing ecosystem of more than 100 Global Systems Integrators, Independent Software Vendors (ISVs), SaaS providers, and FinTechs supporting the IBM Cloud for Financial Services. The IBM Cloud for Financial Services Framework is designed to address risk in the digital supply chain through a common set of security controls […]

Vivid has partnered with Yapily to offer its customers a free top-up feature via Open Banking. Vivid will make it easier and more convenient for customers to transfer money from almost any bank account to their Vivid pocket. Customers will not need to enter their details manually every time they wish to transfer money from now on […]

Codebase Technologies (CBT), a global API banking solutions provider, has been selected by Kuwait Finance House Bahrain (KFHB), a pioneer in the global Shari’a banking space, to expand the bank’s digital market leadership with a streamlined regulatory reporting platform to enhance transparency and automate backend compliance operations. As banking and financial technologies have evolved in parallel with […]

Mastercard  has completed its acquisition of Ekata, a leading provider of identity verification services that help businesses make more informed decisions during online account opening, payments and a variety of other digital interactions. Ekata’s identity verification data, machine learning technology and global experience will add to Mastercard’s fraud prevention and digital identity programs. The combined […]

SEON has announced its partnership with IDVerifact. Recognising the increasing surge in fraud and digital identity theft, IDVerifact sought to strengthen its capabilities by partnering with SEON to extend its comprehensive suite of solutions. As part of the agreement, IDVerifact will integrate SEON’s cloud-based machine learning platform, Intelligence Tool, into the IDVerifact platform to provide […]

The National University of Computer and Emerging Sciences (NUCES-FAST) and National Institutional Facilitation Technologies (NiFT) signed an Agreement for promotion of digital financial services in Pakistan and a Memorandum of Understanding (MoU) to collaborate on digitization projects for capacity building of human resource. The signing ceremony was attended by Mr. Haider Wahab, Chief Executive Officer, […]

FinTech scale-up AccessPay has partnered with  Open Banking infrastructure provider Yapily to launch a new Treasury solution for corporates. The integration enables AccessPay users to connect and aggregate their entire corporate banking estate at the click of a button. This decreases the time-to-value for corporates from months to minutes. The ability to join together data from […]

Trip.com has signed a long-term technology agreement to accelerate Trip.com’s flight search to power recovery and global expansion, through Amadeus Custom Search Solutions. Trip.com will adopt the  Amadeus Custom Search solution, powered by Amadeus cloud technology, as part of its own boutique shopping engine to fuel these ambitions and deliver an exceptional customer experience. By […]

Mastercard signed a partnership agreement with the Central Bank of Iraq (CBI) to digitize the country’s payment ecosystem. The partnership first aims to build a payment ecosystem, starting with the education sector, and expanding into other sectors. This will not only reduce the use of cash, promote the use of digital payments, and increase government […]