Unleashing Economic Potential: The Soaring Growth of Cross-Border Payments in Africa – Synthesis

Posted on by kara | 40896 Views | 22 min read

By Arthi Narayanan, Lead Payments Consultant at Synthesis The pivotal role of digital accessibility for goods and services has become abundantly clear over the past few years. The global economy, now more than ever, relies on the seamless flow of transactions across borders. Whether it involves individuals, businesses, or financial institutions spanning different countries, the

Over 10 Innovative CBDC Card Services Launched in Six Months on OpenWay’s WAY4 System

Posted on by kara | 43460 Views | 8 min read

In just 6 months after Kazakhstan launched the digital tenge, its Central Bank Digital Currency, over 10 innovative CBDC card services have become available to the country’s population of 20 million. Altyn Bank, Eurasian Bank and Halyk Bank leveraged the Way4 digital payments software system to swiftly join this CBDC project and onboard 72% of

Accel-KKR Welcomes Tim Sherwin to Entersekt Board of Directors

Posted on by kara | 21559 Views | 8 min read

Accel-KKR, a technology-focused private equity firm, today announced the appointment of Tim Sherwin, former CEO and Co-founder of Cardinal Commerce, to portfolio company Entersekt’s board of directors. Entersekt, the financial authentication company, provides financial institutions around the world with digital banking fraud prevention and payment security solutions. As former CEO and Co-founder of Cardinal Commerce,

PayU GPO Lauded as Best Payment Solution at Absa Awards, Broadening Financial Inclusion and Innovation

Posted on by kara | 44409 Views | 9 min read

PayU GPO, a leading South African financial services and payment service provider, is proud to announce its Absa Award win in the category: Best Payment Solution. The prestigious award showcases PayU GPO’s market leading and comprehensive suite of payment solutions tailored for the South African market and beyond. The category celebrates the Fintech company that

International Supervisory Community Meets to Discuss Challenges Ahead for Global Bank Supervision and Regulation – BIS

Posted on by kara | 14321 Views | 13 min read

International Conference of Banking Supervisors endorses the revised Core principles for effective banking supervision. Basel Committee agrees to consult on guidelines for strengthening banks’ counterparty credit risk management. Agrees to publish an analytical report on the digitalisation of finance. Over 220 central bankers and banking supervisors representing more than 90 jurisdictions met on 24-25 April

IBM Report: Identity Comes Under Attack in Middle East and Africa, Straining Enterprises’ Recovery Time From Breaches

Posted on by kara | 12515 Views | 21 min read

IBM released the 2024 X-Force Threat Intelligence Index highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide. This global trend is also reflected in the Middle East and Africa region (MEA), with the use of valid local accounts and valid cloud accounts, making up the primary

Only a Quarter of Payment Issuers and Acquirers Have Made Significant Progress on Their Shift to the Cloud, New Research From HPS

Posted on by kara | 4600 Views | 11 min read

HPS, the leading global provider of payment solutions and services, has launched a new eBook, in partnership with OMDIA, on the unique opportunity presented by cloud-based payment platforms for financial institutions and merchants across the world. The eBook, Seamless Evolution: Transforming Financial Institutions with Cloud-Powered Digital-First Strategies for Enhanced Customer Experiences, canvasses the views of

Comviva Unveils Innovative Low-Code/No-Code Platform for Digital Payments and Banking

Posted on by kara | 14697 Views | 8 min read

Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its transformative Low-Code/No-Code Platform. Comviva’s Low-Code/No-Code composable platform is an extension of its existing mobiquity® platform and shall enable Financial Institutions, including Banks, FinTechs, and Digital Wallet providers to revolutionize the development landscape. The new platform will help Financial

Only a Quarter of Payment Issuers and Acquirers Have Made Significant Progress on Their Shift to the Cloud, New Research From HPS

Posted on by kara | 6031 Views | 11 min read

HPS, the leading global provider of payment solutions and services, has launched a new eBook, in partnership with OMDIA, on the unique opportunity presented by cloud-based payment platforms for financial institutions and merchants across the world. The eBook, Seamless Evolution: Transforming Financial Institutions with Cloud-Powered Digital-First Strategies for Enhanced Customer Experiences, canvasses the views of

Visa’s Growing Services Business Infused with New AI-Powered Products

Posted on by kara | 33741 Views | 14 min read

Visa, a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions