Tagged: financial services

July 12, 2023 @ 5:31 am By Omar Faridi  |  

Tarabut Gateway, MENA’s open banking platform, announces the appointment of Tariq Sanad as its new Chief Financial Officer (CFO). Tariq, a Bahraini national, is “one of MENA’s renowned start-up veterans, boasting over 20 years of experience in the finance field.” During this time, he has… Read More

July 11, 2023 @ 12:20 pm By Omar Faridi  |  

NovoPayment, a mission-critical financial and payments infrastructure provider, released Orchestra 2.0, an advanced cloud-based middleware orchestration layer of its BaaS platform. Orchestra is designed “to help financial institutions quickly modernize their infrastructure in a more secure, scalable, and cost-effective way.” The solution enhancements “include more… Read More

July 11, 2023 @ 10:38 am By Omar Faridi  |  

Penny Finance, the online financial mentorship platform for women, announces the launch of automated account integration with PLAID, allowing for improved money insights and more accurate financial reporting for members. Penny’s new feature “enables women to link their bank accounts for an even better and… Read More

July 11, 2023 @ 9:32 am By Omar Faridi  |  

Balance, the B2B payment platform for businesses, announced the launch of its surcharge solution. This capability enables suppliers “to implement a surcharge fee for credit card transactions, providing flexible payment options to buyers while preserving healthy profit margins.” In the B2C world, consumers may “be… Read More

July 11, 2023 @ 9:29 am By Omar Faridi  |  

Digital payment platform Silverbird has announced several partnerships to accelerate further financial inclusion for SMEs trading internationally. Driven by the mission to expand the freedom of trade previously limited by traditional banking, Silverbird says that it “provides small businesses with multi-currency accounts that allow them… Read More

July 11, 2023 @ 8:17 am By Omar Faridi  |  

FOO, a B2B fintech solutions provider headquartered in the UAE, has partnered with the Bahrain-based payment services provider and card processor, Infinios Financial Services B.S.C (C). By combining their technology and expertise, the two companies “will deliver an out-of-the-box Digital First Card Issuance Platform.” The… Read More

July 11, 2023 @ 8:10 am By Omar Faridi  |  

GoCardless, the bank payment company, has appointed Franck Cohen as the Chair of its Board of Directors to accelerate its path to profitability. The industry veteran and entrepreneur reportedly “brings a wealth of experience in the technology and software space, including stints as the EMEA… Read More

July 11, 2023 @ 5:14 am By Omar Faridi  |  

NYMBUS, a provider of banking technology solutions, today announced the appointment of notable financial services advisor Glenn Kim to its Board of Directors. Mr. Kim is reportedly “a senior executive with over 35 years of experience as a capital markets investment banker, fund manager, financial… Read More

July 11, 2023 @ 12:55 am By Omar Faridi  |  

Inversis, a Banca March 100%-owned subsidiary specializing in providing global solutions for institutional clients in the financial asset distribution business, has reached an agreement with BME, a SIX company, for the complete acquisition of Openfinance. This firm reportedly “offers technological tools for the provision of… Read More

July 10, 2023 @ 11:53 pm By Omar Faridi  |  

UBS (NYSE:UBS) announced that it and Numarics are planning to enter into a strategic partnership to specifically digitize and expand financial and administration solutions for small and medium-sized companies in Switzerland. Administrative tasks mean “a lot of time for SMEs today and are often a… Read More

July 10, 2023 @ 10:50 pm By Omar Faridi  |  

Australian-born payments company Airwallex has appointed Luke Latham as General Manager for its Australia and New Zealand business. Latham joins Airwallex following senior roles “with Amazon, Amazon Web Services, Groupon and most recently as Chief Operating Officer for MILKRUN.” Airwallex CEO and Co-founder Jack Zhang… Read More

July 10, 2023 @ 10:43 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that BanCoppel, part of Grupo Coppel, one of the largest organizations in Mexico, which includes brands such as Afore Coppel and Tiendas Coppel, has selected Temenos in order “to continue its technological transformation, driving modern banking services.” BanCoppel was reportedly the… Read More

July 10, 2023 @ 10:25 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) is reportedly working on a new regulatory framework that should be more “developmental” and conducive for financial technology or Fintech firms. This, according to a deputy governor of the reserve bank (as first reported by Reuters this past Friday)…. Read More

July 10, 2023 @ 7:01 pm By Omar Faridi  |  

PhonePe announced the launch of its Point-of-sale (POS) device that enables merchants to accept payments via Debit Cards, Credit Cards and UPI, providing them with a simple and seamless settlement experience. The device comes preloaded “with the PhonePe POS App and supports transactions through tap/swipe/dip and… Read More

July 10, 2023 @ 6:59 pm By Omar Faridi  |  

Maybank entered into a strategic partnership with Cambridge International Financial Advisory (IFA) in order “to establish the collaboration and to explore new opportunities in the field of Islamic Finance.” The ceremony took place at Menara Maybank, Kuala Lumpur “with over 150 attendees consisting of industry… Read More

July 10, 2023 @ 3:32 pm By Omar Faridi  |  

SumUp, the financial partner for over 4 million businesses worldwide, has selected Form3, the cloud-native account-to-account payments platform, in order “to provide direct access into the UK Faster Payments Scheme (FPS) and Bacs Scheme to further enhance its business account offering for UK customers.” SumUp… Read More

July 10, 2023 @ 3:30 pm By Omar Faridi  |  

A survey from Betterment, the largest independent digital financial advisor in the US, finds that despite market instability, retail investors are “optimistic about their financial futures.” The research report, which tracks data from 1,200 retail investors across four generations (Gen Z, Millennials, Gen X, and… Read More

July 10, 2023 @ 10:54 am By Omar Faridi  |  

Global fintech SumUp has announced the appointment of Anna Kuriakose as Chief Product Officer. She joined SumUp in mid-June 2023 and will be “based in London.” Anna was formerly at Meta, “where she was the product director for Messenger on Windows and Mac and web-based… Read More

July 10, 2023 @ 8:33 am By Omar Faridi  |  

Digital wallets are a rapidly growing technology, seeing particular growth in popularity in the years since the COVID-19 pandemic, according to an update from Juniper Research. As noted in a report from Juniper Research, they are also “important in the fields of financial inclusion, and… Read More

July 9, 2023 @ 1:02 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) announces the issuance of the Implementing Regulations for the Law of Payments and Payment Services “to support the objective of enhancing soundness and efficiency of the payment systems infrastructure in Saudi Arabia.” The relevant regulatory and supervisory frameworks enable SAMA… Read More