Global Banking Monitor (Page 53)

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Al Rajhi Bank Recognised with Best Payment Innovation Award

Al Rajhi Bank Recognised with Best Payment Innovation Award

Al Rajhi Bank's Neoleap subsidiary grew from 4,000 to over 44,000 POS terminals in a single year, launching a data aggregation vertical - earning our Best Payment Innovation Award.…

Shawbrook Selects Thought Machine's Vault Core to Scale Commercial SME Lending

Shawbrook Selects Thought Machine's Vault Core to Scale Commercial SME Lending

UK specialist bank Shawbrook has selected Thought Machine's Vault Core as its core banking platform to scale its commercial SME lending operations.…

Standard Chartered Launches Digital Asset Custody Service in the UAE

Digital Banking

Standard Chartered Launches Digital Asset Custody Service in the UAE

Standard Chartered has launched a digital asset custody service in the UAE after receiving a licence from the Dubai Financial Services Authority, offering...…

Payments & Fintech

PayPal Launches "PayPal Everywhere," Entering In-Store Payments with Debit Card and Apple Wallet Integration

PayPal has launched PayPal Everywhere, an omnichannel initiative that integrates its debit card with Apple Wallet to enable in-store contactless payments at...…

BNPL Giant Tabby Acquires Saudi Digital Wallet Tweeq in First-Ever Acquisition

Payments & Fintech

BNPL Giant Tabby Acquires Saudi Digital Wallet Tweeq in First-Ever Acquisition

Tabby, the Gulf's leading buy-now-pay-later platform valued at $1.5 billion, has announced its first acquisition, purchasing Saudi-based digital wallet...…

SAMA and Samsung to Launch Samsung Pay in Saudi Arabia

Payments & Fintech

SAMA and Samsung to Launch Samsung Pay in Saudi Arabia

The Saudi Central Bank (SAMA) has announced an agreement to enable the launch of Samsung Pay in Saudi Arabia during the fourth quarter of 2024, expanding...…

Tamara Secures SAMA Preliminary Approval for Consumer Finance Licence, Expanding BNPL Scope

Tamara Secures SAMA Preliminary Approval for Consumer Finance Licence, Expanding BNPL Scope

Saudi fintech Tamara has received preliminary approval from the Saudi Central Bank (SAMA) for a consumer finance licence, a regulatory milestone that...…

Bahrain's Open Banking Framework Enters Force, Mandating Compliance for All Licensed Banks

Bahrain's Open Banking Framework Enters Force, Mandating Compliance for All Licensed Banks

The Central Bank of Bahrain's Open Banking Framework has entered into force, requiring all licensed banks and finance companies in the kingdom to comply...…

Bahrain's Open Banking Framework Enters Force, Mandating Compliance for All Licensees

Bahrain's Open Banking Framework Enters Force, Mandating Compliance for All Licensees

The Central Bank of Bahrain (CBB) has confirmed that all licensed financial…

Riyad Bank Awarded Best AI Implementation for Center of Intelligence

Riyad Bank Awarded Best AI Implementation for Center of Intelligence

Riyad Bank launched the Center of Intelligence (COI), the first specialised AI centre in Saudi banking - earning our Best AI Implementation Award.…

Mastercard Selects India for Global Launch of Payment Passkey Service

Payments & Fintech

Mastercard Selects India for Global Launch of Payment Passkey Service

Mastercard has selected India as the launch market for its Payment Passkey Service, a biometric authentication system that replaces passwords and one-time...…

BankDhofar Selects Entrust for Digital Card Capabilities

Payments & Fintech

BankDhofar Selects Entrust for Digital Card Capabilities

BankDhofar has partnered with Entrust to deploy digital card issuance and Tap to Pay capabilities, enhancing its Dhofar-Pay mobile payment solution in Oman.…