Leading Saudi fintech company, Geidea launches BETA testing for its new and innovative range of SME products that will be available in September of this year.

With nearly 70% market share, Geidea is the number one payment provider to banks in Saudi Arabia, and is now targeting the SME market.

The Verizon Business 2020 Data Breach Investigations Report (2020 DBIR) shows that financial gain remains the key driver for cybercrime with nearly nine in 10 (86 percent) breaches investigated financially-driven. The vast majority of breaches continue to be caused by external actors - 70 percent - with organized crime accounting for 55 percent of these. Credential theft and social attacks such as phishing and business email compromises cause the majority of breaches (over 67 percent), and specifically:

OpenWay, a top-ranked digital payments software provider, has launched a new solution: Way4 Social Cards. The solution digitalizes distribution of social benefits and eliminates common issues faced by social programs around the world.

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has published the findings of its fourth third-party risk survey. The report highlights the pressures that organizations face when managing risk associated with third party relationships, intensified by managing an average of almost 10,000 of these relationships across the world, and reveals the hidden dangers in supplier, distributor, and partner relationships.

British shoppers are returning a whopping £5.2 billion worth of goods purchased online each year, according to a new report released today from buy now, pay smarter solution Openpay. In fact, over one in ten (12 per cent) admit they have made purchases with returns in mind, intentionally buying more than they intend to keep.  

Mode Banking​, the London-based FinTech backed by the co-founder of Twitter Biz Stone, is rolling out new banking capabilities including individual sort code and account numbers for all its users, as part of its long  term commitment to delivering a truly digital banking app.

Financial IT: Can you tell us more about ITSCREDIT and your background?

Filipe Catalão (FC): Applying for credit from a bank is traditionally a complex, paper-based process involving countless trips to and from a bank branch to obtain information and deliver and sign dozens of documents. This process brings unnecessary stress and strain at a very busy time.

Tim Hardcastle CEO and founder of INSTANDA comments on the FCA measures implemented to help insurance customers in light of Covid-19

The measures implemented by the FCA this week are a hugely positive step for the insurance industry and regulators to co-ordinate support to the many families and small companies that even after extensive government support may still be struggling financially as a result of this pandemic.

ZagTrader has announced today the launch of its new program ZagStartUp to provide a boost to the startup ecosystem in the financial market sector. As part of this program, ZagTrader will provide qualified startups with a complete suite of IT services such as having access to all ZagTraders products and services for the financial markets, IT inf

Leading Saudi fintech company, Geidea launches BETA testing for its new and innovative range of SME products that will be available in September of this year.

With nearly 70% market share, Geidea is the number one payment provider to banks in Saudi Arabia, and is now targeting the SME market.

With these new products and its existing expertise, Geidea will deliver to any business type end-to-end payment solutions and store management technology previously only available to  large chains or global merchants.