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FinTech Focus: Catch latest developments of the week

By Gloria Mathias

April 05, 2024

  • ACI Worldwide
  • AFS. Arab Financial Services
  • Currencycloud
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Fintech News, Fintech Solutions, Fintech India, Fintech APAC, Currencycloud,  Paysend, PhonePe, Mashreq, NeoPay, worldline, Lidio, ACI Worldwide, AFS. Arab  Financial Services, FinTechs continue to play a pivotal role in transforming and reshaping the traditional contours of the financial industry. As technology becomes increasingly intertwined with financial services, FinTech innovations are not merely incremental but rather revolutionary, paving the way for enhanced efficiency, accessibility, and novel business models.

This week’s FinTech Focus brings forth a curated selection of the most significant developments that underscore the dynamic nature of this sector.

Let’s look at the top 5 announcements made by the FinTech bigwigs this week:

Arab Financial Services is thrilled to announce a strategic partnership between AFS and ACI Worldwide, collaboratively driving digital payments, and modernization for banks, fintechs and merchants across the region!

By joining forces with ACI Worldwide, a global leader in mission-critical, real-time payments software, we aim to provide our valued merchants with more seamless and secure customer journeys while driving retail banking modernization for our banking and FinTech customers.

Infosys Finacle is thrilled to announce that Zand, UAE’s first digital-only bank has subscribed to Infosys Finacle’s Corporate Banking Suite to deliver new-age experiences.

Leveraging Finacle’s cloud-native solutions on Microsoft Azure, the bank is expected to strengthen its commitment towards delivering customer-centric, future-ready banking experiences, underpinned by cutting-edge technologies like AI and predictive analytics.

Mashreq partners with NPCI International Payments Ltd. to enhance financial connectivity between the UAE and India.
Now, Indian customers travelling to the UAE, as well as NRIs with Indian bank accounts can pay using PhonePe at NEO PAY payment terminals across the UAE.

Paysend and Currencycloud have announced a major partnership expansion that will take their cross-border money movement capabilities to the next level.

With the new partnership, Paysend’s FX and treasury capabilities will be enhanced, making Currencycloud a key partner for Paysend across the US, EMEA, and Asia-Pacific.

The expanded partnership also means that Paysend customers can now enjoy multicurrency wallets, allowing them to hold up to 34 currencies all in one app. In addition, Paysend customers will have access to payments via the Swift network, further adding to their extensive global coverage.

Worldline is thrilled to announce our solution with Lidio has been authorised by the Central Bank of the Republic of Türkiye. Worldline is the first global online payment service provider to obtain such registration in Türkiye.

Its joint solution helps global online businesses access the promising Turkish market. It streamlines the process of accepting Turkish payments, optimizing time, costs, and payment performance while ensuring compliance with local regulations.

ALSO READ: IBSi FinTech Journal March 2024 Edition 

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