Mastercard advances contactless solutions for digital payment

Partnerships
Libyan Islamic Bank teams up with fintech platform Backbase to enhance Digital Banking
The collaboration aims to revamp the mobile app, reduce friction in customer processes, increase digital adoption, and transition to customer-centric platforms. Read More>>
Qardy joins forces with Cashcall to offer financial solutions for MSMEs in Egypt
The partnership aims to enhance financial inclusion, offering a diverse range of instruments and simplifying access to working capital for CashCall merchants and customers. Read More>>
Huawei and UnionPay sign cooperation to promote HarmonyOS native app development
The aim of the partnership is to promote HarmonyOS native app development and enhance online payment services by integrating HarmonyOS features for a seamless and efficient payment experience for users. Read More>>

Center setup and expansion
Sakhipur branch of Mercantile Bank shifted to a new location
The move aims to provide a spacious and modern facility, ensuring a seamless banking experience. virtually inaugurated the branch, emphasizing the commitment to providing advanced services to customers. Read More>>
VyStar Credit Union opens its first branch and contact center in Suwanee, Georgia
It aims to offer residents and businesses access to a range of financial services and job opportunities in the area. Read More>>
Sberbank expands in Simferopol: inaugurates second office
The move reflects the bank’s commitment, aiming to provide a more comfortable and efficient banking experience for the growing client base in the region. Read More>>

Executive movement
Commerzbank appoints Bernd Spalt as New Chief Risk Officer
Commerzbank has appointed Bernd Spalt, former CEO of Erste Group Bank, as its Chief Risk Officer. Spalt brings extensive experience in risk management from his tenure at Erste Group. Read More>>
North East Small Finance Bank appoints Satish Kumar Kalra as interim MD & CEO
His previous experience includes roles as MD & CEO of Andhra Bank and independent director at Lakshmi Vilas Bank. Read More>>

New product launch and development
Edward Jones adds new tools, products, and services designed to enhance the branch and client experience
These aim to provide comprehensive planning, advice, and personalized relationships for clients. Read More>>
Mastercard advances contactless solutions for digital payment
Mastercard introduced a contactless payment solution for businesses in Nigeria, enabling card payments through smartphone taps, QR Pay by link, and Payment link. The initiative aims to ease payment acceptance for small businesses and promote financial inclusion in the country. Read More>>

Mergers and Acquisitions
Visa to acquire a majority interest in Prosa to accelerate digital payment adoption in Mexico
The deal is set to enhance efficiency and security in a significant percentage of Mexican payment transactions. Read More>>
H.I.G. Capital completes acquisition of Penhall Company
The aim of the acquisition in the banking and finance sector is to invest in a differentiated provider of specialty concrete services and support the company’s growth opportunities. Read More>>

Financial Security

• Northwestern Mutual provides financial security through a range of products and services such as life insurance, investment solutions, and retirement planning. 
• Northwestern Mutual’s team of financial advisors delivers personalized guidance and expertise, assuring clients of long-term financial stability and a sense of security.
• With a focus on expanding investment strategies, risk management, and insurance options, Northwestern Mutual ensures clients have a solid financial foundation and protection against unexpected events.
• Northwestern Mutual is keen on investing using low-cost, broad-market exchange-traded funds that offer exposure and diversification across Northwestern Mutual Wealth.
• Management Company’s strategic asset classes

Financial Security

• Northwestern Mutual has enhanced the personalized customer experience by introducing Medical Claim Processing Automation and personal assistants for realtors and homebuyers.
• Northwestern Mutual offers an immersive experience to transform dreams into reality by merging vision boards with financial planning assistance and focusing on new programs, research, and public/private projects that advance academic data science and technology learning in five areas: Artificial Intelligence (AI), AI and Data Bias & Ethics, Behavioral Economics, Financial Literacy, and Health & Wealth Inequities.
• Service providers with rich expertise in Personalized Digital Experience would be the deal winners.

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