Salt Edge has announced the launch of a new open banking solution on the European market – TPP Verification. The solution simplifies ASPSPs’ efforts in checking the third-party providers trying to access users’ account data. To keep customers’ accounts safe, ASPSPs are obliged by PSD2 to have a mechanism for TPPs to identify themselves before […]

Pakistan Telecommunication Company Limited (PTCL) signed a partnership agreement with NdcTech, an award-winning regional partner of Temenos, to offer Banking Services on Cloud for the first time in Pakistan. Nadeem Khan – Acting CEO and Group Chief Financial Officer at PTCL Group, Zarrar Hasham Khan – Chief Business Services Officer at PTCL, Saad Muzaffar Waraich […]

Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as the winner of the ‘BisB Innovation Challenge’, a Fintech Competition runs as part of the Bank’s partnership with ‘FinHub 973: CBB (Central Bank of Bahrain) Digital Lab’, the Kingdom’s open application programming interface (API) innovation platform. Verofax, a mature […]

Huawei announced its business results for the first three quarters of 2020. During this period, Huawei generated USD98.57 billion in revenue, an increase of 9.9% over the same period last year. The company’s net profit margin in this period was 8.0%. Throughout the first three quarters of 2020, Huawei’s business results basically met expectations. As […]

As e-commerce continues to accelerate owing to the COVID-19 pandemic, Mastercard is leading the way in fostering cybersecurity and combatting fraud in Saudi Arabia and across the Middle East and North Africa. With online shopping playing an integral role in the region’s economic recovery, ensuring transaction approval rates remain robust while countering fraud attempts has […]

Mastercard announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million if performance targets are met. The addition of […]

FIS, a global leader in merchant and financial services technology, announced Open Banking Hub, an innovative new payment solution for its Worldpay merchant clients and their consumers. Merchants who enable this digital bank account payment method in their online stores can allow their consumers to pay for purchases directly from their bank account, while also […]

Trusona, the pioneering leader in passwordless multi-factor authentication technology, today announced that Tandem Bank has selected and deployed Trusona to provide PSD2-compliant, passwordless strong customer authentication (SCA) that enhances the user experience while securing users and their financial data across all channels. Tandem Bank, a digital savings bank formed from Tandem Money’s acquisition of Harrod’s Bank […]