Julie Harris, Bank of America Merrill Lynch on technology change

Al Ansari Exchange, a leading remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services, recorded more than 151 per cent increase in the number of companies processing salaries through its Wage Protection System (WPS) platform on 1 June 2026, as UAE private sector employers adjusted payroll processes to comply with new salary payment requirements that came into effect nationwide. The surge coincided with the implementation of Ministerial Resolution No. 340 of 2026, under which all private sector establishments registered with the Ministry of Human Resources and Emiratisation (MoHRE) are required to pay employee wages through the Wage Protection System by the first day of each month.

Hypercore, the AI company disrupting loan administration for private credit, today announced a technology integration with Arcesium, a leading global financial technology provider to the investment industry, to connect all disparate components of the private credit fund process. The integration creates a continuous, automated data flow from loan origination through servicing and lifecycle events into portfolio- and fund-level workflows creating a unified platform purpose-built for private credit. This positions Hypercore not as a standalone tool, but as the loan operations hub eliminating manual processes, improving data consistency, and enabling funds to scale more effectively.

Bankjoy, a leading digital banking provider for community financial institutions, today announced strong and growing adoption of JoyCompass, its personal financial management (PFM) platform built to help members take control of their financial lives. Thirty financial institutions have now signed on, including Ellafi, CommunityWide, Advantage Plus, Statewide, Lewis Clark, OU FCU, and SIU CU, with more joining every month.

Fraudio, a leading provider of AI-driven fraud and transaction risk intelligence, has appointed former Adyen COO and Silverflow co-founder, Robert Kraal, to its Board of Directors.

TerraPay, a global money movement company, has partnered with PalWallet, a fintech infrastructure provider focused on stablecoin settlement, global payments infrastructure and embedded financial services, to help businesses move money across borders faster and more efficiently.

Trustfull Investigator leverages a conversational AI interface to permanently dismantle these manual data-gathering silos. By translating natural language commands (such as "Assess this onboarding attempt") into programmatic API calls, the engine instantly evaluates the risk profile. It automatically correlates cross-media data anomalies, shifting the analyst's role from a low-efficiency data assembler to an elite risk interpreter.