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IrisGuard Partner With Elm to Help Boost Financial Inclusion in the Developing World
IrisGuard and Elm Saudi Arabia completed and signed a Memorandum of Understanding at GITEX Africa in Morocco on 1st June 2023, to explore collaboration across various projects including the distribution of humanitarian aid and citizen social protection payments incorporating iris recognition.
Joining up the powerful IrisGuard EyePay® Network iris payment solution and the innovative cross department architecture of the Elm Sahl system aims to help provide a more robust, reliable financial assistance delivery system, providing even greater transparency and efficiencies for all. This will benefit Saudi Arabian citizens and those countries and beneficiaries outside supported by the region. Some of the key objectives for this development include secure and convenient ways of accessing personal entitlements without the need for any other documentation, utilising the human iris for 100% accurate biometric proof-of-life.
Companies In This Post
- Why Trust Is the New Payments Differentiator | Payment Spayce | Sagicor Bank | The Paytech Show #85 Read more
- Pleo: Solving SMBs’ “Frankenstein” Finance Problem Read more
- Bajaj Life Insurance Launches ‘Bajaj Life Opportunities Fund’, Capturing the Growth Opportunities Read more
- Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company Read more
- Sverica Capital Management Announces the Promotions of Michael Dougherty to Partner, Doug Patrican to Principal and Welcomes Matt Johnson Read more
Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company
Private equity firm Incore Invest has completed the acquisition of CoreOrchestration AB from Worldline. Upon closing, the previously announced carve-out has now been finalised and PaymentIQ has been established as an independent standalone company under Incore Invest’s ownership. The purchase price amounts to approximately SEK 1.75 billion.
J. Safra Sarasin Group Completes the Acquisition of Majority Stake in Saxo Bank
Safra Sarasin Group, a global leader in private banking and wealth management, has completed its acquisition of the majority stake in Saxo Bank, a prominent international FinTech bank serving investors, traders, and institutional partners. This transaction marks a significant milestone for both companies, enabling enhanced global potential and strategic growth.
ThetaRay and Matrix USA Solve AML’s Last-Mile Problem with a Turnkey AI Overlay to Modernize Legacy Rules Engines
ThetaRay, a global leader in Cognitive AI financial crime compliance, and Matrix USA, a premier global service integrator of anti-money laundering (AML), financial crime and compliance systems, today announced a strategic partnership designed to help financial institutions modernize their transaction monitoring programs ahead of major supervisory shifts coming into effect across the U.S. and Europe in 2026.
Revolut Research Highlights Opportunity to Elevate Financial Wellbeing in the UAE
Revolut suggests a significant opportunity to support residents with advanced money management tools and financial wellbeing solutions in the UAE
AKUVO Advances Intelligent Collections with Two New AI Capabilities
AKUVO, a leading provider of cloud-native, AI-driven collections technology, today announced the release of two AI-powered features within the AKUVO Platform — Collector Assistant and a new chat-based Virtual Collector. These capabilities represent the first phase of a broader strategy to embed AI across every stage of the collections lifecycle.
FMSI Relaunches, Bringing Renewed Focus to Branch Performance for Banks and Credit Unions
FMSI, a provider of branch performance and workforce management software for financial institutions, today announced its relaunch following a divestiture completed at the end of 2025. With more than 140 bank and credit union clients and a 20-year track record in the industry, FMSI is moving forward with a sharper focus on product development and client service.
iDenfy Launches Its ROI Calculator Tool, Revealing Millions in Potential KYC Cost Savings
iDenfy, a global RegTech company specializing in identity verification and fraud prevention solutions, announced the launch of its ROI Calculator tool, a dynamic comparison gadget that’s designed to help businesses understand the financial Know Your Customer (KYC) service cost impact compared to other popular providers in the industry. iDenfy’s calculator provides finance and compliance officers, as well as product leaders, with transparent, data-driven projections of verification costs with chosen plans and add-ons without the need to book calls or go through complex, gated processes.
Why Trust Is the New Payments Differentiator | Payment Spayce | Sagicor Bank | The Paytech Show #85
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Pleo: Solving SMBs’ “Frankenstein” Finance Problem
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Bajaj Life Insurance Launches ‘Bajaj Life Opportunities Fund’, Capturing the Growth Opportunities
Bajaj Life Insurance, one of India’s leading private life insurers, today announced the launch of its New Fund Offer (NFO), the Bajaj Life Opportunities Fund (SFIN: ULIF011406/02/26BLOPNLC250116, Risk profile: Very High, Benchmark: Nifty Large Midcap 250). The fund is designed to provide investors with a strategic edge by combining the steady compounding potential of large-cap stocks with the higher growth potential of mid-cap companies. Available under Bajaj Life’s unit-linked insurance plans, the fund enables policyholders to pursue their long-term financial goals while benefiting from the dual advantage of life cover and professionally managed equity exposure.
Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company
Private equity firm Incore Invest has completed the acquisition of CoreOrchestration AB from Worldline. Upon closing, the previously announced carve-out has now been finalised and PaymentIQ has been established as an independent standalone company under Incore Invest’s ownership. The purchase price amounts to approximately SEK 1.75 billion.
Sverica Capital Management Announces the Promotions of Michael Dougherty to Partner, Doug Patrican to Principal and Welcomes Matt Johnson
Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotions of Michael Dougherty to Partner, Doug Patrican to Principal, and the hiring of Matt Johnson as a Principal.
J. Safra Sarasin Group Completes the Acquisition of Majority Stake in Saxo Bank
Safra Sarasin Group, a global leader in private banking and wealth management, has completed its acquisition of the majority stake in Saxo Bank, a prominent international FinTech bank serving investors, traders, and institutional partners. This transaction marks a significant milestone for both companies, enabling enhanced global potential and strategic growth.
CeFPro Advisory Board Appoints Escode GRC Solutions Lead Wayne Scott as Third-party Scrutiny Intensifies
CeFPro has appointed Escode’s Wayne Scott to its Advisory Board, as regulators step up scrutiny of operational resilience and third party risk across financial services.