As publicised in the Dubai Financial Services Authority’s (DFSA) media release on 27 January 2022, the DFSA on the same day published its Decision Notice against Mr Arif Naqvi, Abraaj’s founder and former CEO, for his serious failings in respect of the Abraaj Group.

YES BANK announced that it has partnered with Microsoft to bring forth a next-generation mobile application (app) with a view to providing customers with a personalised banking experience. YES BANK will leverage Microsoft’s Azure platform to create the app which will offer customers - a host of services such as online payments, shopping, rewards, offers, as well as customized dashboards, in addition to traditional banking functions.

Swift today announces the appointment of Stephen Grainger as the Chief Executive for Americas & UK Region. Grainger was most recently Executive Vice President at Mastercard, leading the development and commercialisation of its global Cross-Border Services business, servicing banks, digital platforms, and non-bank financial institutions (NBFIs).

Intellect Design Arena Ltd, a cloud-native, future-ready multi-product FinTech company for the world’s leading financial and insurance clients, went live with its front office solution, RM Office Lite, at one of India’s largest private banks. The solution was earlier deployed at two of the bank’s international booking centres; this implementation is now live at one of India’s potentially major financial centres -  Gujarat International Finance Tec-City (GIFT City).

The global ID verification, compliance, and fraud prevention startup iDenfy, partnered with mano.bank, the Lithuanian-based specialized bank. iDenfy helps mano.bank swiftly onboard trusted customers with a smooth four-step ID verification process. 

Source: Forbes

With many innovations in the field continues to grow through the implementation of many areas of technology, such as chatbots, artificial intelligence, digital banking, blockchain, and augmented reality. Because of these changes, many businesses are able to supply services that are of high quality and affordable prices.

OKX, the world-leading cryptocurrency platform, has issued updates for the week beginning December 26, 2022.

hi - the Web3 Neo-Banking platform - and Unstoppable Domains, the leading provider of Web3 domains, today announced a strategic partnership to deliver comprehensive digital identities through Web3 domains with a .hi suffix.

CASHe, India’s leading credit-led, AI-driven financial wellness platform announced that it has launched GOLDe Rewards, an innovative and industry-first rewards program backed by digital gold for prospective borrowers as well as the millions of users on its platform. The GOLDe rewards program incentivises every user with GOLDe Rewards in the form of digital gold coins equivalent to 1% of every loan transaction, deposited in a gold jar made available to them on the CASHe app.

Enfuce, the Finnish cloud-native issuing and processing pioneer, has announced the launch of a pilot project with social enterprise Welcome.Place, Finnish mobile payments provider for employment benefits Epassi, and world leader in digital payments Visa to distri