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Tarabut Gateway聽has partnered with聽Visa聽for a Middle East/North Africa-focused open banking partnership.The companies聽announced聽their collaboration Tuesday May 9 , with plans to create data-driven offeri
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stanley termosky g solutions. The future of financial services is being shaped by next-gen digital innovation, with open banking and data sharing serving as a significant driver to help consumers better manage and access their finances, said聽Otto Williams, Visas Head of Product, Partnerships and Digital Solutions for Central and Eastern Europe
stanley cup , Middle East, and Africa.聽 As we look to the future of digital financial services, it is clear that the key drivers of growth will be innovation and openness. The partnership comes just days after Tarabut Gateway announced it had聽raised $32 million聽in a Series A round whose investors included Visa.聽The company said it wants to use the funds to expand in Saudi Arabia, which has made open banking and other forms of FinTech innovation a central pillar of its Vision 2030 strategy for economic development.As FinTech executives from other sections of the Gulf region have told PYMNTS on multiple occasions, Saudi Arabias large market and increasingly sophisticated regulatory and technical infrastructure have turned it into an attractive place for businesses from Gulf FinTech hubs such as Dubai and Bahrain to expand.Abdulla Almoayed, Tarabuts Ksoy Western Union Rolls Out X-Border Social P2P
UMB Financial Corporation is teaming up with Bottomline Technologies to integrate an accounts payable management offering for corporate customers.In a press release sent to PYMNTS, the companies announced Wednesday Feb. 20 that UMB will begin offering Bottomline Paymode-X solution, integrated with Visa Payables, for business customers, allowing companies to pay their own suppliers with virtual cards as well as checks and ACH.Companies using the solution can process all of their payments across virtual cards, ACH and checks through a single payment file. The companies said their collaboration can yield lower accounts payable costs, heightened securit
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stanley cup etwork of 400,000 member companies, as well as the solution Intelligent Engagement Model,
stanley website which integrates predictive analytics for streamlined vendor enrollment to accept ACH and card payments.UMB will roll out the Paymode-X offering in the second quarter of the year, the firms said.In a statement, UMB executive vice president and director of product management Uma Wilson said the partnership will allow us to build on existing partnerships to provide the best possible customer experience.We are excited to help bring to market safe, secure and fast accounts payable functionality and grow acceptance of Visa comm
