The Saudi central bank announced that it had completed studying the licensing applications for two local digital banks to conduct banking business in the Kingdom. Based on the powers granted to the central bank through Banking Control Law, the central bank will submit licensing requests to the higher authorities in accordance with the provisions of […]

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 […]

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 […]

Circle has announced that Signature Bank will become their leading financial institution to hold billions of dollars in reserve deposits related to USD Coin (USDC), the fastest growing digital dollar in the world. The two companies also committed to a long-term roadmap that will kick off with the integration of Circle into SignetTM, the Bank’s groundbreaking, blockchain-based, […]

DBS has added a new feature on DBS’ AI-powered financial and retirement planning tool NAV Planner, which will provide specific investment recommendations that are tailored to their investment profile. As customers increasingly take a self-directed approach to investing digitally only two in 10 retail customers took action to invest over the past 12 months. The […]

Santander International has selected Temenos SaaS, implemented by Syncordis, to power-up its core banking platform transformation. Syncordis will help Santander International to transform its banking, savings and mortgage products IT infrastructure from an on-premise solution to cloud-native Temenos SaaS. This will enable Santander International to benefit from the security, resilience and elastic scalability of the […]

Al-Rajhi Bank has announced the launch of it’s application providing Soft POS on mobile phones as part of its technical and digital leadership solutions. The new and innovative application provides a new and fast electronic payment mechanism that provides POS customers from all establishments to convert their phones to a means of accepting payment as […]

LendInvest has selected Credit Kudos to speed up its time-to-decision with a smoother customer journey, and to enhance affordability and credit risk assessments using Open Banking-enabled risk insights. Partnership between fintechs LendInvest and Credit Kudos will offer brokers and customers a seamless, more secure service, as well as enabling LendInvest to make more informed lending […]

Crosscard has selected RegTech provider Know Your Customer to digitize, centralize and streamline its corporate KYC and onboarding process. Crosscard is a leader in European digital issuing solutions and offers payment products that put a business in control of how, where and when they spend money within their business. Crosscard is a reliable partner and […]

Atlantic-Pacific Processing Systems and Global Oculus have partnered to provide businesses with a real-time digital currency acceptance, clearing and settlement solution. The companies will pilot merchant acceptance of leading digital currencies for consumer purchases using fast trade execution speeds equivalent to traditional credit card transaction processing timeframes. Banks, acquirers and independent sales organizations will be […]