In a significant development for SA’s financial sector ALNET Technologies has partnered with AllCloud to introduce a cutting-edge Loan Origination and Loan Management System – AllCloud’s Unified Lending Technology – is set to revolutionise the lending landscape in the country and potentially drive economic growth. ALNET Technologies specialises in innovative software solutions for the financial services industry and brings a […]

Amazon Payment Services, a regional vendor in digital payments operating across the Middle East and North Africa region, has been granted a Retail Payment Services license by the UAE Central Bank. Marking a significant milestone for the business, this license enables Amazon Payment Services to unlock an enhanced offering for its merchants across the country, […]

Snowflake, the Data Cloud company, is excited to announce its participation at GITEX 2023, the biggest regional tech exhibition taking place at the Dubai World Trade Centre in October 2023. This year, Snowflake’s team at GITEX will address how Snowflake’s platform powers the Data Cloud, supports organisations in securely using Generative AI and LLMs and […]

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 […]

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 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 […]

Checkout.com, the global payments service provider, has been granted a Retail Payment Services license from the Central Bank of the United Arab Emirates. This makes Checkout.com 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 Checkout.com […]

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, 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 […]

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 […]