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Get the latest announcements from MEF Members across the mobile ecosystem globally in this weekly review of member news…

TPAY releases a white paper on How Open Banking Empowers Financial Freedom

Dubai, UAE, June 3, 2024: TPAY, the leading payments provider in the Middle East, Africa, and Turkey (META), has published a comprehensive white paper detailing the benefits of Open Banking for businesses and consumers through data aggregation. This white paper examines the evolving market dynamics globally and within the Middle East, highlighting the challenges and opportunities ahead.

According to Fintech Galaxy, the Open Banking market in the MENA region, valued at $400 million in 2022, is projected to reach $1.17 billion by 2027 at a 25% CAGR. Alternatively, some forecasts predict a growth to $11.74 billion by 2027 with a 45% CAGR.

TPAY is dedicated to educating our merchant community on the transformative impact of Open Banking. Our goal is to help them strategically position themselves to capitalize on emerging opportunities. We believe that increasing the awareness of Open Banking will foster a dynamic and innovative financial ecosystem, benefiting both the industry and consumers.

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netnumber Unveils NIaaS (Number Intelligence as a Service), a New Breed of Data Service To Address Global Communications Fraud

BOSTON — May 29, 2024 — In response to the growing importance of accurate, real-time, normalized phone number data in circumventing telecom fraud, netnumber unveils a new breed of data solution: Number Intelligence as a Service. Distinguished by a wholly new industry term, NIaaS, this new netnumber capability provides a holistic, accessible platform for both delivering mission-critical phone number intelligence data and discussing the topic within the broader industry landscape.

“The industry is actively pursuing innovative approaches to controlling the wide variety of fraud schemes that continue to escalate and increase in sophistication,” said Steve Legge, CEO of netnumber, the world-leading provider of phone number intelligence data. “In analyzing these activities, it’s clear that one constant cuts across all these malicious techniques – the phone number,” he added.

With NIaaS, netnumber empowers its range of customers to harness the power of next-generation insight into their communications ecosystem at the phone number level, helping to reduce fraud at the source by giving convenient access to key attributes like operator and line type information, porting history, phone number behaviors, reachability insights, risk assessments and much more. From account protection and validation to fraud prevention, NIaaS delivers an accessible, easy, comprehensive platform for cultivating advanced verification protocols and protecting communications ecosystems with the help of accurate, real-time data.

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iProov’s Amlani Testifies at Homeland Security Hearing on AI

On May 22, 2024 Ajay Amlani, President and Head of the Americas, testified as an expert witness during a US House Committee on Homeland Security Hearing. The hearing addressed “Advancing Innovation (AI): Harnessing Artificial Intelligence to Defend and Secure the Homeland.”

“Good morning, Chairman Greene, Ranking Member Thompson, and members of the Committee. My name is Ajay Amlani. I’ve been building innovative solutions to help organizations assure people’s identities for the last 20 years. Currently, I serve as the President, Head of Americas at iProov.

I started my federal service as a White House Fellow and Senior Policy Advisor to Secretary Tom Ridge, the first Secretary of Homeland Security, in the aftermath of the 9/11 Terrorist Attacks, at a time in which the federal government was rethinking how to manage its national security missions, and a large part of that included finding new ways to benefit from the innovation happening in the private sector.

Wister and Sandbox partner to promote PlayKids+!

Wister partners with Sandbox to promote their flagship product, PlayKids+. This partnership marks an important milestone for us, and we are eager to contribute to the growth and success of this application!

PlayKids+ is much more than just a children’s app. Award-winning and COPPA certified, it is designed to provide a safe, ad-free environment where children can explore, learn, and have fun. Developed by educational experts, it is ideal for children aged 2 to 12, offering over 1,000 cartoons, TV shows, educational games, and interactive activities.

With PlayKids+, children don’t just watch videos or play games. They discover a world where every activity is an opportunity to learn and grow, all in a fun and engaging environment.

At Wister, we are committed to supporting high-quality products that bring real value to users. By partnering with Sandbox for PlayKids+, we strengthen our mission to promote innovative and educational solutions. We firmly believe that PlayKids+ is a valuable resource for families worldwide, and we are honored to contribute to its expansion and success. Already adopted by over 5 million families, PlayKids+ has quickly become a reference in educational entertainment for children.

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How can a unified hybrid cloud strategy improve security by 45%?

In 2024, businesses will spend more than $1 trillion on cloud computing infrastructure,1 according to IDC’s prediction. But in the past years, having a cloud-only approach has also come with new challenges concerning security, control and reliability. IT environments have become more complex, with business-critical apps running over multiple clouds, employees using their own devices and third-party suppliers collaborating from any location, meaning that hackers have new attack surfaces. Businesses might have to deal with many partners, making cloud, infrastructure and security management more complicated, costly and time-consuming.

According to a recent Aberdeen research report, most businesses now embrace the hybrid cloud model, enabling them to enjoy the benefits of both cloud and on-premises environments. Nearly 50% of all organisations are actually in the process of implementing hybrid clouds, but these have to be securely connected and ready to deploy new technologies such as Artificial Intelligence. The report explores the key benefits businesses gain by selecting a single, end-to-end solution offered by an expert partner such as Vodafone Business.

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