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Banking & Finance

South African FinTech specialist e4 acquired by consortium led by Infinite Partners

South African FinTech specialist, e4, announced its acquisition by a consortium of private equity investors, led by an independent private equity fund manager, Infinite Partners. The transaction will see e4 obtain the necessary capital for advancing to the next stage of its expansion. e4 is a forward-thinking technology company that provides custom, innovative solutions and […]

J.P. Morgan Payments selects Network International as strategic partner

Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a partnership with J.P. Morgan Payments to strengthen the bank’s acquiring offering. J.P. Morgan Payments operates in over 160 countries and over 120 currencies and is one of the leading merchant acquirers globally by volume of transactions. […]

LogRhythm partners with eFinance to strengthen Egypt’s digital payment security ecosystem 

LogRhythm has partnered with eFinance, a subsidiary of eFinance Investment Group to rapidly detect and mitigate threats in Egypt’s digital payment security ecosystem with LogRhythm SIEM, LogRhythm’s security information and event management (SIEM) solution. LogRhythm has partnered with eFinance to secure operations across the entire Egyptian payment network and establish its reputation as a trusted […]

Global payment platform, secures acquiring license from UAE Central Bank, the global payments service provider, has been granted a Retail Payment Services license from the Central Bank of the United Arab Emirates. This makes the first global payments provider to be granted an acquiring license in the country, further cementing its position as a vendor across MENA. Securing an acquiring license allows […]

OMA Emirates Group to provide SoftPOS to UnionPay for Middle East and Pakistan

OMA Emirates Group, provider of payment systems and solutions, announced collaboration with UnionPay International to develop SoftPOS, a Point of Sale, solution in the Middle East and Pakistan that will increase the acceptance of touch points significantly across these regions. The innovative SoftPOS solution will be very cost-effective and secure and transform NFC-enabled, Near Field […]

Allied Engineering Group partners with Microsoft, Crayon to deploy SWIFT to the cloud

Allied Engineering Group, AEG, the largest SWIFT service bureau globally, announced collaboration with Microsoft and Crayon to bring tailored and compliant solutions to financial service institutions, FSIs that are migrating their SWIFT infrastructure to the cloud. Through this partnership, AEG will publish its 10 SWIFT-related proprietary solutions on the Azure Marketplace, extending them as a […]

Data in motion can assist fraud detection, anti money laundering

Fraud is, regrettably, on the rise. UAE authorities seized $691 million in assets and confiscated assets worth $596 million in the 12 months to the end of July 2022 as part of a renewed push in anti-money-laundering, AML and countering the financing of terrorism, CFT. This is a phenomenal leap forward from the five-year period […]

Kroll enhances data insights and forensics practice with the addition of senior leaders in Europe, Asia Pacific and Latin America

Kroll, one of the leading independent providers of global risk and financial advisory solutions, has announced the expansion of its Data Insights and Forensics Practice. It has announced the appointment of Haydn Jones, who joins as Managing Director and Global Lead of Blockchain and Crypto solutions in London; Torsten Duwenhorst, who joins the firm as […]

e& money, Mastercard enter partnership to transform digital payments for UAE consumers

e& money, the Fintech arm and financial super-app of e& life, announced its partnership with Mastercard to transform and evolve the way customers make payments via an exclusive prepaid card – enabling payments anywhere in the world and offering the flexibility and convenience of using virtual and physical cards. The e& money card significantly enhances […]

Mastercard brings Google Pay to Kuwait in partnership with Google

According to Mastercard’s New Payments Index 2022, 64% of MENA consumers, compared to 61% globally increased their use of at least one digital payment method in the last year, including digital cards, SMS payments, digital money transfer apps, and instant payment services. Mastercard has made a worldwide pledge to bring 1 billion people and 50 […]

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