Banking

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...

Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD. Airwallex’s Series C fundraising was led by DST Global, which has previously backed internet giants Facebook, Airbnb and...

Bank of America Merchant Services, a leader in payments, eCommerce and security solutions, announces that it has been chosen by Sezzle to be their digital card processor for the rapidly growing fintech company and its clients. Sezzle will use Bank...

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...

Regions Bank has selected IBM’s artificial intelligence (AI) technology to help improve customer service and assist bankers in everyday work. Regions Bank is using Watson in its contact centres to help both customers and employees. The company’s Banker Assist uses...

KBC Bank Ireland has renewed its agreement with payments provider TSYS for processing of its credit and debit cards. Under the extended deal, TSYS will continue to provide the processing services. Additionally, TSYS will also offer support for the bank’s...

The two-day event covered over 20 fintech experts explore on the latest trends, developments and emerging technologies in the banking sector in the region. The agenda focussed on a wide range of topics from the importance of investing in fintech...