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Entersekt Joins ForgeRock Trust Network as Principal Technology Partner

By David Penn Posted on February 20, 2018

Mobile-first authentication and e-commerce enablement specialist Entersekt announced today that it has joined the ForgeRock Trust Network as a principal technology partner. ForgeRock provides identity and access management solutions to financial services, retail, healthcare, and communications companies as well as to educational institutions and governments including Belgium, Canada, New Zealand, and Norway. “Entersekt will bring Read more…

BBVA Partners with Azlo to Empower Workers in the Gig Economy

By David Penn Posted on February 19, 2018

In a bid to help the growing number of workers making a living via the so-called “Gig Economy,” BBVA has partnered with digital business account platform Azlo to make it easier for SMEs take advantage of both domestic and cross-border banking services. “Azlo’s goal is to level the playing field for the growing number of Read more…

Fintech News from the Middle East and North Africa (MENA)

By David Penn Posted on February 18, 2018

Designed by Freepik As Finovate prepares for its first conference in the Middle East, here’s a round up of recent fintech news and need-to-knows from the MENA region. Learn more about how to join us in Dubai in February for FinovateMiddleEast. Saudi Arabia’s central bank inks deal with Ripple to use distributed ledger technology to settle payments. Read more…

Mambu Teams Up with Softtek to Launch Banking Platform as a Service

By David Penn Posted on February 16, 2018

Just one month after signing a deal with fellow Finovate alum Kreditech that will support the Germany-based lender’s entry to the Indian market, Mambu is back in the headlines with a partnership with Mexican systems integrator Softtek. Via the agreement, Softtek will launch a banking platform as a service (BPaaS) solution that will give the Read more…

Bankjoy Brings New Online and Mobile Banking System to SafeAmerica Credit Union

By David Penn Posted on February 14, 2018

SafeAmerica Credit Union’s investment in its partnership with Bankjoy has begun paying big dividends. The 35,000+ member credit union unveiled its online and mobile banking platform last week, successfully enrolling 25% of its active users within the first day of the launch. Steven Page, VP of Marketing and Digital Banking for SafeAmerica CU said that Read more…

Payworks Completes $14.5 Million Series B Round

By Julie Muhn (@julieschicktanz) Posted on February 14, 2018

Point of sale (POS) technology company Payworks has reeled in its second round of funding. The Germany-based company closed a $14.5 million round from CommerzVentures and Visa, with contributions from existing investors Speedinvest and Finparx. Today’s financing brings Payworks’ total funding to $19 million. Explaining the firm’s reasoning behind the funding, Stefan Tirtey, Managing Partner of CommerzVentures Read more…

Clinc Tops $4.5 Million in Annual Revenue; Hires Helen Yu as Chief Growth Officer

By David Penn Posted on February 14, 2018

Conversational AI platform for banks Clinc topped off a year of “explosive growth” in 2017 by generating more than $4.5 million in annual revenue. The strong revenue numbers come as the Ann Arbor, Michigan-based, Finovate Best of Show winner announces the hiring of technology executive Helen Yu (pictured) as its Chief Growth Officer. Calling Yu’s talents “hard Read more…

UAE Exchange Partners with Ripple

By David Penn Posted on February 12, 2018

Is there anyone who still doubts that governments and financial institutions in the Middle East are committed to taking advantage of distributed ledger technology? If so, the announcement today that the UAE Exchange has joined Ripple’s RippleNet network is a reminder that when it comes to the blockchain: MENA means business. “Incorporating Ripple’s blockchain technology into Read more…

NetGuardians Inks Agreement with FirstOntario Credit Union

By David Penn Posted on February 12, 2018

NetGuardians announced today that FirstOntario Credit Union ($5 billion in assets) has deployed its anti-fraud technology, earning the Swiss fintech its first North American customer. NetGuardians’ solution was integrated into the credit union’s core banking platform – Temenos’ T24 – in just three months, and gives the province’s second largest credit union new tools when Read more…

The Spirit of Innovation: Fintech is Booming in UAE

By finovate Posted on February 9, 2018

As populations in the MENA (Middle East and North Africa) region grow at increasing rates, developing a financial infrastructure capable of serving those who live in the Middle East and North Africa – from the underbanked to the ultra high net worth individual – is a massive challenge. We speak to HE Younis Haji Al Read more…

NCR Overhauls Self Service Network for Oman’s BankDhofar; Expands ATM Access in India

By David Penn Posted on February 8, 2018

Two headlines from NCR Corporation reflect the breadth of the company’s work with financial institutions and underbanked populations around the world. First up is news that NCR has been selected by leading Oman bank, BankDhofar, to overhaul its current self-service banking network. The bank will also deploy NCR’s SelfServ 80 Series ATMs, upgrading BankDhofar’s current Read more…

TSYS Tech Backs J.P. Morgan’s Commercial Virtual Card Issuance

By Julie Muhn (@julieschicktanz) Posted on February 8, 2018

Global payments provider TSYS announced this week that J.P. Morgan will leverage the fintech’s Virtual Payment Precept (VPP) to broaden its virtual card solution. TSYS’ VPP is a commercial card solution that enables issuers to generate secure, virtual, single-use account information in real-time, offering a more flexible and faster card issuance program that gives more control over Read more…