October 22, 2023 @ 1:28 pm By Omar Faridi  |  

The 2023 AFP Real-time Payments Survey, conducted by the Association for Financial Professionals (AFP), found that corporates plan “to drastically increase their use of real-time payments in the next five years to benefit from lower transaction costs, improved transparency into the payment process, increased efficiency,… Read More

 Tagged cash flow, digital transactins, fintech adoption, fintech trends, instant payments, payments, real-time payments, research, survey, The Clearing House, virtual payments

October 22, 2023 @ 12:22 pm By Omar Faridi  |  

Citi and Navan, a modern travel and expense management solution, announced the launch of a new, jointly branded travel and expense system designed for Citi Commercial Bank (CCB) cardholders. The strategic agreement, which “combines Navan’s all-in-one solution and Citi’s leading commercial card solutions, leverages the… Read More

 Tagged ariel cohen, citi, citi commercial bank, expense management, gonca latif-schmitt, travel, traveling

October 22, 2023 @ 12:12 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) signed a cooperation agreement with the Monetary Authority of Singapore (MAS) in Riyadh, in the field of Fintech and innovation. The agreement was signed by Ayman Al-Sayari, Governor of SAMA, and Dr. Vivian Balakrishnan, the Minister for Foreign Affairs of… Read More

 Tagged central bank, fintech adoption, fintech trends, innovation, mas, mena, mena region, monetary authority of singapore, reserve banks, riyadh, saudi arabia, singapore

October 22, 2023 @ 11:11 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global firm focused n mission-critical, real-time payment solutions,  announced that Nymcard, a card issuer in the MENA region, has enhanced its fraud platform with ACI Fraud Management in order “to better protect its customers from the growing threat of financial… Read More

 Tagged aci worldwide, fraud management, mena, mena region, nymcard, omar onsi

October 22, 2023 @ 10:30 am By Omar Faridi  |  

Wealth Dynamix announces that they have partnered with REGDATA in order to create the fully tokenized Client Lifecycle Management (CLM) solution in the cloud.” You can now safeguard your most critical data in CLMi using the REGDATA Protection Suite (RPS). This data protection and privacy… Read More

 Tagged client lifecycle management, clm, cloud, regdata, tokenization, wealth dynamix

October 22, 2023 @ 9:47 am By Omar Faridi  |  

Finzly, a provider of payments infrastructure for financial institutions, announced that it has closed a Series A funding round of $10M with TZP Growth Equity. The funding from the investment round will be used to accelerate Finzly’s expansion “as it continues to meet the growing… Read More

 Tagged financial institutions, fintech adoption, fintech trends, funding round, infrastructure, investment round, payments

October 22, 2023 @ 5:07 am By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired ON Service GROUP, a provider of business process services, specialized in insurance operations. Terms of the transaction were “not disclosed.” Acquiring ON Service GROUP enhances Accenture’s capabilities “in insurance operations, expanding the range of services available to clients in Germany… Read More

 Tagged accenture, acquisition, austria, europe, germany, insurance, switzerland

October 21, 2023 @ 1:31 pm By Michael Wong  |  

PayPal Holdings, Inc. announced its investment in the Southeast Asia Women’s Economic Empowerment Fund (SWEEF) by Sweef Capital and Quona Opportunity Fund. This collaboration aims to propel women’s participation in global economics and finance. This strategic move is a part of PayPal’s pledge to support… Read More

 Tagged asia, financing, investment, payments, paypal, southeast asia, women empowerment

October 21, 2023 @ 10:12 am By Omar Faridi  |  

Global Invoice Finance provider Accelerated Payments has announced a strategic partnership with UK funding platform Funding Friends in order “to facilitate the accessibility of working capital solutions for UK SMEs and mid to large corporate businesses.” Having previously worked alongside Accelerated Payments Head of UK,… Read More

 Tagged accelerated payments, europe, invoice finance, payments, small businesses, smbs, sme's, uk, united kingdom, working capital

October 20, 2023 @ 11:06 pm By Omar Faridi  |  

Token.io, the account-to-account (A2A) payment infrastructure provider has announced the expansion of its direct open banking connectivity network to Sweden, Norway, Denmark and Finland, where it now “offers Account Information Services (AIS) and Payment Initiation Services (PIS) services.” This unlocks new opportunities “for Payment Service… Read More

 Tagged account-to-account payments, Business Expansion, denmark, digital payments, europe, finland, infrastructure, norway, open banking, payment initiation services, payments, paysafe, sweden, todd clyde, token.io