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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. It enables the secure sharing of financial and other data to enable seamless digital payments and money transfers. .

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Bahrain Development Bank Selects TCS BaNCS Global Banking Platform to Speed Up Innovation

Bobsguide

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. It will interface with technology offerings from TCS’ partners for CRM, sales, risk management and other enterprise functions.

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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

Rising interest rates depress the value of low-rate securities and loans. Banks had more than $500 billion in unrealized losses on their securities at the end of March. The (mid-size) bank IT department has evolved from being a builder to a vendor management team and will evolve further in this decade to become an integration team.

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Grab Creates Accelerator For Vietnam Startups

PYMNTS

Grab Ventures Ignite will nurture and support promising Vietnamese startups in their journey to become national champions in Vietnam’s tech startup ecosystem, in line with the government’s national strategy to create 10 technology unicorns by 2030,” Grab said in a statement.

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Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

Separately, in other company news, Canadian FinTech Buckzy Payments announced its launch earlier this week, eyeing international payments through what it has termed a “safe, secure and convenient ecosystem.”. Bill.com noted it has three million customers in place and manages $60 billion annually in payments volume. Canada and Asia.

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TRENDING: Why Grocery Stores Want Autonomous Vehicle Delivery

PYMNTS

In the November Intelligence of Things Tracker , PYMNTS examines the forces pushing IoT adoption forward, the security risks holding it back, and how public and private sectors seek to strike the right balance. Recently, the National Institute of Standards and Technology drafted a report advising federal agencies on IoT security.

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Small Businesses At The Center Of Bots Vs Accountants

PYMNTS

Instead, small businesses searched for “business development manager,” “data analyst” and “business analyst,” to name a few. “It McKinsey research , released in 2017, pegged the number of jobs worldwide that could be lost to automation by 2030 at 800 million.

Taxes 179