By Joy Dumasia
August 19, 2022
- Digital Payments
With the ever-evolving digital landscape, it has become imperative for financial institutions to offer services that cater to the changing need of consumers and channels of interactions like social media can bridge that gap.
Here are 6 tweets from this week that Financial Technology enthusiasts should see:
Al-Ataa Islamic Bank selects ICS Banks Islamic platform from ICSFS
Recently, IBS Intelligence reported that Al-Ataa Islamic Bank for Investment and Finance has selected ICS BANKS Islamic Platform, a worldwide digital Shari’a compliant software solution, from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.
We’re excited to partner with @BankAlbilad to offer captains daily payout with lower fees #Careem #EverydayLifeMadeSimple
IBS Intelligence reported that Careem, a multi-service platform, joins forces with Bank Albilad to deliver daily earnings to Captains in Saudi Arabia with an over 80% reduction in transaction fees. Bank AlBilad’s fully automated payment solution was piloted with Captains from different regions of Saudi Arabia, enabling them to opt to receive same-day payouts.
We like his thinking 😅
P.S. Your kids & teens asked for more of the main Revolut app, so today we unveil Revolut <18. A fresh and clean new design of everything that made Junior great, with all the features you know and love (+ more!)
IBS Intelligence reported Revolut, the global financial super app with more than 20m customers worldwide, has rebranded its service for 6-17 year olds. ‘Revolut <18’ is an account for young people which is connected to their parent/guardian’s Revolut account, helping young people feel positive and empowered about money, and giving them a financial head-start in life.
Paysafe obtains registration as a Virtual Asset Services Provider in Italy with the Organismo Agenti e Mediatori (OAM).
IBS Intelligence had reported that Paysafe announced that it had obtained registration in Italy as a Virtual Asset Services Provider (VASP) with the ‘Organismo Agenti e Mediatori’ (OAM). OAM recently introduced the register in Italy as a requirement for all companies offering crypto trading, custody or other services in the country in light of the rapid growth of the virtual asset market.
PairSoft forms payment processing partnership with Finexio , a Payments-as-a-Service provider to “further solidify the high performance of AP and procurement teams using PairSoft’s comprehensive solutions” for its PairSoft Pay
Recently, IBS Intelligence reported that PairSoft, a provider of procure-to-pay solutions, announced its payment processing partnership with FinTech giant Finexio. PairSoft Pay and Finexio will further solidify the high performance of AP and procurement teams using PairSoft’s comprehensive solutions.
Digital banking tech provider Bankjoy signs up UMe Credit Union
IBS Intelligence reported UMe Credit Union, based in Burbank, California, with more than $300 million in assets, has partnered with digital banking provider, Bankjoy to provide its members with an online and mobile banking experience.