Trends
Banking
Visa launches new network to speed up cross-border B2B payments
Payment technology major Visa has commercially launched its non-card-based payment network, Visa B2B Connect, which allows seamless bank-to-bank cross-border business transactions.
Visa B2B Connect network will enable financial institutions to quickly and safely process high-value corporate cross-border payments across the...
Company Statements
Vision 2030 enables Saudi Arabia’s public sector to drive digital Transformation
Riyadh to host Government DX Summit on 5-6 November 2019.
Digital transformation (DX) will remain a prime objective for the public sector with the entrants of new technologies steering away legacy systems providing value potentials, ease, convenience and improved methods...
Banking
UAE and Saudi Arabia set out how they plan to use shared digital currency
The Central Bank of the United Arab Emirates and the Saudi Arabian Monetary Authority (SAMA) have clarified some aspects of their joint plan to launch a common digital currency.
It's planned that the project, known as Aber, will be used...
Cards & Payments
Forcht Bank taps Fiserv to upgrade credit card portfolio
US Kentucky-based community lender Forcht Bank has partnered with Fiserv to upgrade its credit card portfolio.
Under the arrangement, the lender leveraged Fiserv’s Card Risk Office, uChoose Rewards and MyCardCreation card solutions. Overall, the solutions reduce fraud risks, increase customer...
Cards & Payments
Simplex to enable credit card payments for crypto purchases on Netcoins
Netcoins, a cryptocurrency exchange based in Canada, has collaborated with payment processing company Simplex to support the purchase of cryptocurrencies with credit cards.
The new offering can be availed by both new and existing Netcoins customers, with immediate effect. Customers...
Banking
Oradian and Cantilan partner for the Philippines first regulated bank to drive financial inclusion via cloud technology
Fast-growth Software-as-a-Service (SaaS) company Oradian has announced the launch of its software with Cantilan Bank (CANBNK), making it the Philippines’ first regulated financial institution ever to leverage cloud-based technology.
The partnership will enable Cantilan Bank to provide digital financial services...
Asset Management
Aberdeen Standard Investments bolsters Asia property presence
Aberdeen Standard Investments has bolstered its Asian real estate capabilities with the acquisition of $900m Asia real estate investment management firm Orion Partners.
The transaction adds to Aberdeen Standard's already strong £44bn global real estate franchise with the management of...
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