PayTabs Egypt, a leading payment solutions provider in the MENA region, has teamed up with Azimut Egypt, a multinational investment management firm, to enable online top-ups for trading and investment accounts on the “azinvest” platform. The partnership, approved by the Central Bank of Egypt (CBE), allows users to fund their accounts digitally using debit and prepaid cards. The collaboration marks a significant step in modernizing Egypt’s investment ecosystem. By integrating seamless online payment methods, customers can now manage their investments with ease, eliminating the need for physical visits to branches or traditional documentation. Karim Eyada, General Manager of PayTabs Egypt,…
Author: Editorial Team
Commercial Bank International (CBI), one of the UAE’s leading banks, has partnered with Areeba, a global payments technology provider, to enhance fintech payment solutions in the region. This milestone makes CBI the first UAE bank to integrate Areeba’s cutting-edge card and payment solutions, empowering fintech startups with scalable, secure payment infrastructure to thrive in a competitive market. The collaboration will leverage Areeba’s advanced platform to streamline the development and management of digital payment products. With the UAE hosting 46% of fintech startups in the MENA region and fintech sector assets expected to reach $5.7 billion by 2029, this bank-fintech partnership…
TruStone Financial Credit Union has transformed its member service experience with the implementation of “Ruth,” an AI-powered chatbot built on Eltropy’s Unified Communications platform. Named after the credit union’s first bookkeeper, Ruth now independently manages 46% of all member conversations, reducing contact centre call volume by 20%. Before deploying Ruth, TruStone faced the challenge of managing approximately 5,500 weekly conversations, which often led to backlogs of up to 1,000 messages on Monday mornings. “We were running at about 5,500 conversations a week. We’d get caught up on Saturday and then come into a thousand more Monday morning,” said Jill Schaffler,…
10x Banking, a leader in cloud-native core banking platforms, has announced a strategic partnership with Alloy, a prominent identity and fraud prevention platform. Together, they are delivering a next-generation solution for customer onboarding, perpetual KYC (Know Your Customer) and KYB (Know Your Business) monitoring, and credit decisioning for financial institutions across the globe. This groundbreaking collaboration integrates 10x’s pioneering meta-core banking platform with Alloy’s advanced identity risk management tools, enabling financial institutions to enhance operational agility and efficiency. A Powerful Alliance for Cloud-Native Transformation 10x Banking powers major financial institutions like Chase UK and Westpac, providing banks with a seamless…
Alviere, a leader in Embedded Finance solutions, has unveiled its latest offering: a cash-to-cash cross-border remittance service. This innovative feature empowers enterprise clients to let their customers send cash from the United States to over 100 countries worldwide, where recipients can collect their funds in cash. The service is particularly impactful for regions like Mexico, Colombia, and other Latin American countries, where many recipients rely heavily on cash due to limited access to banking facilities. In addition to cash, Alviere’s platform supports bank transfers, card payments, and digital wallets, giving users a variety of remittance options. Meeting the Needs of…
In a strategic move to enhance account primacy, MANTL, a leading provider of account origination solutions, has named Pinwheel, a cutting-edge fintech company, its preferred partner for Direct Deposit Switching. By integrating Pinwheel’s PreMatch technology, MANTL will empower banks and credit unions to capture more deposits, minimize churn, and strengthen customer loyalty. With modern consumers managing multiple financial accounts, winning account primacy—becoming the primary financial institution—is more competitive than ever. Simplifying direct deposit switching is critical for banks and credit unions to secure a larger share of consumers’ financial activities. Traditionally, the switching process requires customers to manually enter payroll…
Moss, a frontrunner in B2B spend management solutions, has partnered with Airwallex, a global leader in payments and financial technology, to embed advanced global bank transfer capabilities and expand its operational scope. This strategic collaboration aligns with Moss’s vision of driving international growth and providing businesses with streamlined payment solutions. To enhance its Bill Pay product, Moss sought broader payment coverage and support for multiple currencies. Through Airwallex’s robust financial infrastructure, Moss introduced ‘Pay with Moss’, a feature that allows businesses to initiate global bank transfers directly from Moss’s platform. This addition simplifies procure-to-pay and employee reimbursement workflows, delivering an…
Solutions by Text (SBT), the premier platform for compliant messaging and payment solutions in consumer finance, has appointed industry experts Rahul Gupta and Flint Lane to its board of directors. These seasoned leaders, formerly of Fiserv and Billtrust, bring extensive knowledge and strategic expertise in the payments industry. “As SBT continues its rapid growth, the addition of Rahul and Flint’s exceptional industry acumen is pivotal for our next phase,” said David Baxter, CEO of Solutions by Text. “Their deep payments expertise will greatly benefit our mission to transform how businesses engage with their customers on billing matters.” Rahul Gupta’s Proven…
Payhawk, a leading global spend management platform, has partnered with J.P. Morgan Payments, a global leader in payment solutions, to enhance its payment services for enterprise customers in the UK. This strategic collaboration reinforces Payhawk’s position as an innovative financial institution and showcases both companies’ commitment to advancing payment technology. As a licensed Electronic Money Institution (EMI) in the UK, Payhawk gains greater control over its payment infrastructure and improved access to payment networks. This partnership will enable Payhawk to enhance its payment offerings, providing superior service and flexibility to its customers. Through J.P. Morgan Payments’ API, Payhawk will gain…
Girlguiding, in collaboration with HSBC UK, has introduced a new ‘Money Skills – I’m Money Confident’ badge and activities aimed at teaching financial literacy to over 300,000 girls aged 4-18 across the UK. This initiative includes practical resources tailored for each age group, empowering girls to confidently manage their finances. The programme will also provide training for Girlguiding’s 80,000 volunteers, equipping them with transferable money management skills beneficial for running Girlguiding units and personal use. Research Highlights Girls’ Lower Financial Confidence HSBC UK’s recent study found that 36% of girls aged 5-17 feel unskilled in money management compared to 33%…