DataVisor, a global leader in AI-powered fraud and risk management, has announced the launch of its latest offering: a state-of-the-art anti-money laundering (AML) solution equipped with advanced technology and comprehensive functionalities driven by sophisticated machine learning and AI. In response to escalating regulatory compliance demands and the evolving landscape of financial crime tactics, this essential...
ACI Worldwide, a global leader in mission-critical, real-time payments software, has announced a transformative 10-year strategic partnership with Arab Financial Services (AFS), the leading digital payments solutions provider and fintech enabler in the Middle East and Africa region. This landmark collaboration aims to spearhead digital payments modernization initiatives for banks, fintechs, and merchants across the...
Swift, a global leader in financial messaging services, has announced its selection to develop a groundbreaking service aimed at reducing the risk of misdirected payments and strengthening defences against payment fraud in Australia. This initiative, spearheaded by Australian Payments Plus (AP+), aims to instil greater confidence among Australians when sending money by implementing a robust...
MeaWallet, a leading digital payments enabler specializing in card tokenization, has unveiled its groundbreaking Mea Card Gateway, marking a significant leap forward in secure payment processing solutions. This innovative platform serves as a crucial link between MeaWallet customers, payment processors, and service providers, ensuring the secure transmission of sensitive payment card data. Designed to address...
OneVest, an esteemed wealth management technology company, proudly announces a strategic collaboration with TrueNorth, a renowned professional services organization specializing in advising, implementing, and engineering digital solutions for the financial services sector. This partnership marks a significant milestone in advancing next-generation wealth management technology solutions for banks and financial institutions across North America. As a...
Country Builders Bank, Inc. (CBB), a distinguished rural bank catering to a diverse clientele across various regions in the Philippines, has announced a pivotal collaboration with Kiya.ai, a leading fintech firm headquartered in India, aimed at advancing its banking infrastructure. In a bid to embrace digital transformation and enhance operational efficiency, CBB has partnered with...
Financial Software & Systems Pvt Ltd (FSS), a leading provider of global payment technology solutions, announced the launch of BLAZE at the Simply Payments conference held in Dubai on March 7th, 2024. BLAZE is a cloud-native microservices-based platform designed to address the evolving needs of the Middle Eastern payments landscape. The Simply Payments conference, themed...
The Saudi Central Bank (SAMA) licensed “Network International Arabia” to provide payment services through points-of-sale (POS), and “Barraq” to offer e-wallet services. With the addition of these two companies, there are now 27 licensed companies offering payment services in Saudi Arabia. This decision reflects SAMA’s endeavor to support the payments sector, increase efficiency of financial...
CoorB, a company specializing in information technology and digital financial services, has announced its official entry into three significant markets in the Middle East and Africa: the Kingdom of Saudi Arabia, the Arab Republic of Egypt, and the United Arab Emirates. With a commitment to overcoming legacy system limitations and modernizing financial institutions’ infrastructure, CoorB...
Mashreq, a leading financial institution in the MENA region, has inked a Memorandum of Understanding (MoU) with UAE-based fintech firm, Fils, to develop a pioneering corporate carbon offsetting offering. The collaboration aims to empower corporate and institutional clients to seamlessly integrate carbon offsetting directly from their Mashreq corporate accounts. Fils, an enterprise-grade digital platform, provides...