Day two of Money20/20 Middle East in Riyadh brought together global leaders in fintech, banking, and financial services to discuss the future of money and finance in the region. 

Tuum, a next-generation core banking platform provider, today announced a strategic partnership with Abwab.ai, a leading AI-driven financial services enabler, to deliver a seamless, end-to-end digital lending solution for Small and Medium Enterprises (SMEs) across the Gulf Cooperation Council (GCC).

Payall Payment Systems, Inc. announced today it can now support live transactions on the Federal Reserve’s instant payment rail, the FedNow Service. Payall joins a lineup of service providers facilitating transaction activity for financial institutions on the service. 

Through the FedNow Service, Payall is positioned to offer financial institution customers access to instant payments, helping them remain competitive and offer best-in-class service for their customers. 

Adyen, the global financial technology platform for leading businesses, is supporting LVMH, the world leader in luxury goods, in a major international initiative: the unification of payment systems across all of its Maisons.

Adyen’s solutions are live in nearly 50 of the group’s Maisons around the world, spanning fashion and leather goods, exceptional hospitality, watches and jewelry, beauty, and department stores.

Thredd, the leading next-generation global payments processor, announced today the expansion of their partnership with Reap, a global fintech company that offers stablecoin-enabled card programs, white-label stablecoin card issuance, and

Pennies, the UK's leading micro-donation charity, has successfully launched its innovative solution on Castles Technology hardware, a leader in Android payment acceptance. This collaboration enables customers to easily add a small donation to their purchases in-store, seamlessly combining convenience with charitable giving.

Ant International has been appointed as one of the inaugural Foreign Institution Partners (FIPs) of China’s Cross-Border Interconnection Payment Gateway (CPG), established under the guidance of the People’s Bank of China and the Payment & Clearing Association of China (PCAC).

Ant International and Alipay are the largest player in the CPG scheme with the largest number of card network and wallet partners, the broadest use cases and largest business volume. 

Global digital transformation company GFT Technologies today announced its work to launch a generative AI powered credit risk assistant in the U.S. to inform and scale lending decisions for private capital firms and banks. The new tool automatically pieces together vast amounts of financial data to create credit reports, reducing timelines from hours and even days to mere minutes while ensuring compliance.

Compass Plus Technologies, a global provider of retail banking and payments software, today announced the launch of FraudAxis, its next-generation fraud management platform designed to help financial institutions detect, prevent, and predict fraud in real time across all payment channels.

Tuum, the leading next-generation core banking provider, today announced it has been selected by Bank CenterCredit (BCC), Kazakhstan’s third-largest bank, to power its new Banking as a Service (BaaS) proposition. This landmark partnership establishes a strategic model for incumbent banks globally to innovate at speed, compete with digital challengers, and unlock new revenue streams through embedded finance.