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5th Edition of Global Takaful and Re-takaful forum has been rescheduled to 23rd November 2023 in Addis Ababa, Ethiopia. The objective of this conference is to create awareness about takaful and its significance for the risk management of human life and financial institutions through Shariah legitimate modes. Takaful is a very important pillar for the development Islamic finance industry. AlHuda CIBE is playing an active role for the growth of Takaful Industry in Asia, Africa and CIS region.
Nucleus365, the unified platform for payment processing and reconciliation, has launched Local Payouts. Local Payouts is the latest offering provided by the company, which continues to build momentum by offering an expanding, fully-integrated platform designed to champion payment transparency for its international merchants. Among the first companies to launch such a function in a consolidated way, Local Payouts is the next step to address the common misalignment between banking, payment processing, and technology stacks.
There have been huge levels of transformation in almost all industries when it comes to serving and monetising customers, yet UK banks and other financial services organisations have hardly changed their business models at all in the past decade. Unsurprisingly, the industry is now facing a growth challenge.
Star, the global technology consulting firm that connects strategy, design and engineering to help companies accelerate their growth and value, has launched a partner-agnostic middleware solution to help businesses fast-track the development of expense management, neo-bank, digital wallets, Buy Now Pay Later (BNPL), smart lending and other card-based services.
As banks continue to grapple with the account-based payments processing model amid seemingly interminable margin pressures, the wider commercial implications of software developer capacity limitations are coming into much sharper focus.
In response, banks are starting to think differently about the payments value chain and re-assess their approaches towards software development. Increasingly, this includes exploring the use of low code tools and platforms for payments processing.
Nexi,
Finastra, a global provider of financial software applications and marketplaces, exhibited at Sibos last week, where industry experts shared valuable insights about trends in financial services. In particular, the future of trade was discussed extensively, as the industry prepares to embrace a new era of truly digital trade.
Perenna, a new bank with a mission to structurally change the UK mortgage market, has secured a further $52 million equity investment that will see the business roll-out its long-term fixed-rate mortgage products. The latest funding round is another significant milestone in the business’ launch following the recent approval of its UK banking licence.
