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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.

Banking 299
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Challenger bank Bunq rolls out Spanish IBANs

TechCrunch

Amsterdam-based challenger bank Bunq is updating its service with a handful of new features. In addition to Dutch, German and French bank account numbers, existing and new users in Spain can now get a Spanish IBAN. Your employer or internet provider can’t force you to get a local IBAN. And yet, that’s rarely the case.

Banking 217
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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. For Emmanuel Morka, CIO at Access Bank Ghana, open banking is the future and enterprises should seize on the opportunity.

Banking 299
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Mexican challenger bank albo raises $45 million to expand

TechCrunch

With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. And the company has recently raised another $45 million to consolidate its position.

Banking 240
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Mexico’s fintech success: How tech is driving the population to banking

TechCrunch

Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations. The move comes as Mexico’s fintech ecosystem flourishes so fiercely that traditional banks have to embrace them or risk lagging behind.

Fintech 232
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Sequoia leads $5M pre-seed in Egypt’s 1-month-old digital bank Telda

TechCrunch

The country has a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. It’s the same situation in MENA, where only 40% of the population have access to a bank account. Digital banks have enormous potential in the region. Image Credits: Telda.

Banking 246
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Payall lands $10M in a16z-led seed round to help banks facilitate more cross-border payments

TechCrunch

But when it comes to cross border payments and international fund transfers generally, banks have had far fewer choices, and to industry veteran Gary Palmer, that spelled opportunity. He founded Payall , a cross-border processor for regulated banks, in 2018. We’ve built the UI and APIs that make it easy.”. billion.

Banking 229