Trintech Acquires Financial Reconciliation Business from Fiserv

Posted on by Staff Reporter | 23706 Views | 10 min read

Trintech, a leading global provider of cloud-based financial close solutions for the Office of the CFO, today announced its acquisition of Frontier™ Reconciliation and Accurate™ Reconciliation from Fiserv, a leading global provider of fintech and payments solutions. Serving customers across multiple verticals including financial services, telecommunications, retail, insurance and utilities, the acquired reconciliation business will

Mastercard and SomBank Announce Partnership to Launch Debit Card in Somalia

Posted on by Staff Reporter | 78605 Views | 8 min read

Mastercard, a leading global technology company in the payments industry, recently announced its partnership with SomBank, one of the innovative financial institutions in Somalia. The purpose of the partnership is to promote the adoption of digital payment solutions in the country, bringing more Somalis into the digital fold. The partnership allows SomBank to issue and

Geopolitical Dynamics Reshaping the Cross-Border Payment Landscape

Posted on by Staff Reporter | 14911 Views | 16 min read

By Harsha Maloo, Head of Payments at Synthesis The evolving cross-border payment landscape is witnessing noteworthy developments beyond traditional systems. One notable trend is the plan by BRICS countries (Brazil, Russia, India, China, South Africa) to establish their own currency. For over a decade, the BRICS nations have been seeking to reduce their reliance on

Mastercard Introduces a Fast, Safe and Cost-Effective Solution for Businesses to Accept Virtual Card Payment

Posted on by Staff Reporter | 76614 Views | 9 min read

Today, Mastercard announces the launch of Mastercard Receivables Manager, a new, automated solution that streamlines the way businesses accept and process virtual card payments. The innovation complements Mastercard’s virtual card platform as the company provides choice in payments to players across the ecosystem and accelerates the digitization of B2B transactions across buyers and suppliers. In

Fintechs’ Role in Identity and Financial Security Beyond OPTs and Passwords

Posted on by Staff Reporter | 12668 Views | 17 min read

In the past year, identity theft has skyrocketed – a worldwide trend that has not gone unnoticed by the public. A report from earlier this year showed that consumers are looking for more security from their banks: 56% want more security measures for non-routine transactions, and 47% want more even for routine transactions. Clearly, it’s

Ecobank Wins Coveted Euromoney Award as Africa’s Best Bank for SMEs

Posted on by Staff Reporter | 56137 Views | 8 min read

Ecobank, the leading pan-African Banking Group, has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “This award reflects Ecobank’s absolute commitment to supporting African SMEs

FIS Wins Three XCelent Awards for Advanced Technology in Core Banking

Posted on by Staff Reporter | 9316 Views | 12 min read

A global leader in financial services technology, has announced it has been selected by the research and advisory firm Celent for three XCelent Awards in the “Advanced Technology”, “Customer Base” and “Breadth of Functionality” categories. Celent created the XCelent awards to help financial institutions better understand the vendor landscape and compare solution providers. Celent recognized

Swift Finds Security and Transparency Matter Most for Low-Value Cross-Border Payments

Posted on by Staff Reporter | 15499 Views | 12 min read

Swift has published the results of a global survey of 7,000 consumers and small businesses on attitudes to low-value cross-border payments, finding that security and transparency are the most important factors when sending money internationally. Security was named as the key driver in the selection of a payments provider by both consumers and SMEs, closely

Adyen Launches Tap to Pay on Android

Posted on by Staff Reporter | 21016 Views | 9 min read

Adyen, the global financial technology platform of choice for leading businesses, is expanding its in-person payment offering with Tap to Pay on Android. The software-based solution allows businesses to convert any compatible Android device, such as smartphones, tablets, kiosks, and handheld devices, into a payment terminal and accept contactless payments, removing checkout friction for businesses.

Central Banks Stay the Course as Inflation Fight Gets Tougher, BIS Says in Annual Economic Report

Posted on by Staff Reporter | 18856 Views | 14 min read

Central banks are determined to conquer inflation, even if the last mile to price stability may be the most challenging. There is a material risk of further financial stress as the financial system adjusts to the end of low-for-long interest rates. To safeguard stability and trust, monetary and fiscal policy must operate within a “region