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 […]

  Travelex has partnered with advanced global payments platform Nium to extend digital remittance services to their users. Presently live live in Australia and Singapore, the digital remittance offering will be serviced by Nium’s global payment rails and real-time payment capabilities, enabling Travelex users to remit money to more than 50 markets across the world almost instantly.The service will be […]

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 […]

Stripe has announced its official launch in the United Arab Emirates. This launch represents Stripe’s first expansion into the Middle East. Stripe is also opening a new UAE office, in Dubai Internet City, which will be the company’s first office in the region. Businesses operating online in the UAE can use Stripe to accept online […]

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 […]

Garanti BBVA, BBVA’s Turkish unit, announced on Monday the launch of its new bank account aggregation service specifically for businesses, SMEs, and freelancers. According to Garanti, the services allow clients to view the amount debited and credited to their non-BBVA accounts. Garanti did explain that clients are required to enter the pertinent account details in Garanti […]

Pakistan’s digital transformation frontrunner, Zong 4G, has launched its most advanced and unrivaled 4G services in Kohlu, Balochistan. The initiative is in line with Zong’s tireless pursuit of connecting and empowering the marginalized in the remote areas of the country. The Kohlu district of Balochistan is home to over 200,000 people who have very little […]