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Dubai Islamic Bank (DIB) has increased its stake in Türkiye’s TOM Group, a financial services conglomerate, from 20% to 25%.
banks, Islamic banking, financial services, growth markets, acquisition
UAE-based Commercial Bank International (CBI) has partnered with payment infrastructure provider areeba to offer card and payment solutions for fintechs.
partnership, banks, financial services, payments
The Paypers took a deep dive into the most relevant partnerships revealed during Q2 2024 within the banking and fintech sector, underlining an inclination for Open Banking, Embedded Finance, and digitalisation. In addition, considering the current environment, where illicit activities have risen substantially and bad actors developed their technological capabilities, companies focused their work on fraud and financial crime prevention, forging collaborations that could mitigate risks.
partnership, online banking, banking, digital banking, embedded finance, Open Banking, Open Finance, fraud prevention, The Paypers Quarterly Analysis series, cryptocurrency, sustainability , SMEs
Quicklly and Visa have partnered to launch a cross-border remittance solution to India with real-time capabilities.
partnership, real-time payments, instant payments, cross-border payments, Visa
Abu Dhabi Islamic Bank (ADIB) and Visa have announced Visa Installments Solution (VIS) is officially live for ADIB covered cardholders in the UAE.
instalment payments, Visa, payments , partnership, Islamic banking, merchants
Building onto our previous reporting related to the partnerships that took place in Q3 2023 within the payments and commerce space, this analysis focuses on the banking and fintech industry.
banking, fintech, fraud prevention, financial crime, Open Banking, Open Finance, crypto, web3, The Paypers Quarterly Analysis series
Mastercard has entered a partnership with Tokyo-based NEC Corporation to expand in-store biometric payments in Asia Pacific.
partnership, biometric authentication, biometrics, payments , checkout optimisation
Mastercard has collaborated with Dubai Islamic Bank in order to introduce cross-border payment services through digital channels across multiple countries globally.
partnership, cross-border payments, cross-border ecommerce, payments , online payments, digital payments, mobile payments, ecommerce
Dubai Islamic Bank has announced the launch of its DIB `alt` product, a digital umbrella brand that holds all of the bank’s digital offerings and capabilities.
product launch, online banking, digital banking, mobile banking, banking, digitalisation
Emirates Islamic bank has launched a fintech accelerator campaign in collaboration with Plug and Play Abu Dhabi.
fintech, banking, product upgrade, partnership, trade finance, financial inclusion, online banking, mobile banking
Abu Dhabi Islamic Bank (ADIB) has launched tokenized, contactless payment methods through the options clasp and ring ‘ADIB PAY’, in partnership with Visa and Tappy Technologies.
mobile payments, Visa, contactless payments, digital payments, virtual card
Dubai Islamic Bank (DIB) has launched of Rabbit, its new digital banking app in the UAE.
fintech, SaaS, cloud, BaaS, startup, financial services, digital banking, digitalisation
The Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program (TSCFP) has signed an agreement with Dubai Islamic Bank Pakistan Limited (DIBPL) to support trade in Pakistan.
trade finance, supply chain finance, transactions , lending
UBL, a Pakistan-based digital bank, has signed an agreement with Temenos and National Data Consultant (NdcTech) to provide and implement a digital banking solution.
partnership, digital banking, Temenos, online banking
Dubai Economy and Dubai International Financial Centre (DIFC) Authority have signed an agreement to expand the UAE KYC (Know Your Customer) Blockchain Consortium.
eKYC, digital onboarding, banks, distributed ledger technology
product launch, banks, API, digital banking
Moody, KYC, blockchain, credit positive, US, United Arab Emirates, financial institutions, banks, data theft
The Department of Economic Development in Dubai has established a blockchain consortium with six UAE banks, whereby investors be able to open bank accounts instantly.
Dubai Economy, United Arab Emirates, KYC, blockchain, banking, investment, KYC (Know Your Customer) Blockchain Consortium, bank consortium, Emirates NBD, Emirates Islamic, HSBC, Rakbank, Abu Dhabi Commercial Bank, Commercial Bank of Dubai.
Etisalat Digital has announced a new nationwide blockchain trade finance platform called UAE Trade Connect (UTC).
First Abu Dhabi Bank, Etisalat, trade finance, blockchain, invoice, finance, fraud