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Social media app TikTok has introduced a data portability API in an effort to comply with EU’s Digital Markets Act.
compliance, regulation, Digital Markets Act (DMA), product upgrade
Oman-based Development Bank (DB) has selected Newgen Software to simplify its banking processes and provide enhanced experiences.
digital banking, digitalisation, partnership, SMEs, digital onboarding
Embedded finance startup Whillet has partnered with Visa to launch instant payment platform Carment for the US used car market, enabled by Visa Direct.
Visa, real-time payments, fintech, product launch, instant payments
Newgen, a global provider of low code digital transformation platform, has announced that Bangladesh-based BRAC Bank has successfully implemented Newgen's DMS.
customer experience, digitalisation, partnership, digital banking
Enterprise resource planning solution myCorazon ERP has partnered with Open Banking provider Nordigen to enable financial data import for improved accounting processes.
partnership, Open Banking, ERP
Account-to-account payments platform Vyne has partnered with global solutions provider for automotive dealer management Pinewood to deliver Open Banking payments.
partnership, Open Banking, account-to-account payment
Global popular social media platform Meta (Facebook) has announced it is shutting down its live shopping feature as of October 2022, to further focus on the platform’s Reels.
online shopping, livestream shopping, ecommerce, ecommerce platform, cross-border ecommerce, artificial intelligence, social commerce, platform
Social media platform owned by Meta (former Facebook), Instagram, has announced that its users can now purchase items directly from within the application.
ecommerce, ecommerce platform, merchant, merchants, online shopping, online payments, payment gateway, payments
US-based Thorn Financial Services, whose brands include DTR and Thorn, has announced a merger with Limelight Software, a vehicle dealership management software provider, to form Limelight Group.
merger, acquisition, fintech, SaaS
Alibaba, cloud, ecommerce, product launch, merchants, online shopping
France-based Imaweb has announced the launch of a digital invoicing solution in partnership with Esker, a player in AI-driven process automation solutions and cloud computing.
Imaweb, Esker, partnership, product launch, e-invoicing, digital invoicing, DMS, CRM, supply chain finance, Imaweb NextLane
US-based commercial vehicle dealer management system Procede Software has announced their partnership with payment automation solution provider Nvoicepay.
Procede Software, Nvoicepay, US, United States, dealer management solution, e-invoicing, ERP, OEM providers, Microsoft SQL, Excede
Imran Gulamhuseinwala, OBIE: In order to make Open Banking a success, we need to look beyond PSD2, which, despite being an amazing piece of legislation, it did not have a background of understanding of Open Banking potential when it was created
Imran Gulamhuseinwala, Open Banking Implementation Entity, OBIE, Open Banking, fintech, innovation, UK, PSD2, standardisation, CMA, consent, GDPR, security, authentication
Digital Matrix Systems (DMS), a risk management solution provider, has entered a strategic alliance with Payfone, a digital identity authentication company.
Digital Matrix Systems, Payfone, parrtnership, fraud prevention, risk management, authentication
FICO and Equifax have introduced the Data Decisions Cloud to address key needs across risk and fraud for financial institutions.
Equifax, FICO, risk management, AML, KYC
PointPredictive has partnered with Digital Matrix Systems to integrate its full suite of misrepresentation and fraud scoring solutions into the DMS platform.
DMS, PointPredictive, fraud, partnership, AI, identity fraud, lending fraud, income misrepresentation, risk, account opening
FICO has announced that it will migrate several core applications to Amazon Web Services (AWS), Amazon’s cloud-based services provider.
FICO, AWS, Amazon Web Services, cloud services, cloud computing, security
Encompass Corporation has teamed up with FactSet to offer global Know Your Customer (KYC) capabilities.
AML, KYC, partnership, EnCompass, FactSet, risk analytics, data management, Confirm
Easy Solutions, a fraud protection company, has been selected by a US-based financial institution, to provide fraud prevention services across its customer base.
US, Easy Solutions, financial institution, fraud protection, Detect Monitoring Service, online security
The Reynolds and Reynolds, a provider of automobile dealership software, and Global Payments, a provider of payment solutions, have partnered to offer point-of-sale electronic payment solutions for automotive dealerships, marketwatch.com reports.
Reynolds and Reynolds, Global Payments, automobile retailers, point-of-sale, electronic payment, dealership