Category: Doing Business Overseas

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1  Workiva: No slowdown in growth Despite the recent rebound, equities had been hammered in 2022. The S&P is still down nearly 10%, with the tech-heavy NASDAQ still down over 16%. Workiva…

In Europe alone, marketplaces were worth a combined €685B. Fintech-enabled marketplaces have enterprise value/sales of 6.7x, compared to 5.3x and 4.6x for other marketplaces and financial services, respectively. Online marketplace sales accounted for a fifth of all consumer spending. Pairing financial services with online marketplaces is known to create outsized returns. Online marketplaces are now…

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Fintech Pike Street Labs (PSL), a wholly-owned subsidiary of WaFd Bank, has launched an automated voice authentication feature for the bank in collaboration with Amazon Web Services’ Lex conversational artificial intelligence (AI) software and Talkdesk, a cloud contact center. PSL creates technology solely for $21 billion WaFd Bank, formerly known as Washington Federal, Dustin Hubbard,…

The $680 million Del-One Federal Credit Union, located in Dover, Del., was one of three credit unions that selected Alkami’s ORB digital banking platform in July, according to an FI Navigator report provided to Bank Automation News. The other credit unions include: $584 million Maine State Credit Union, based in Augusta, Maine; and $48 million…

What is venture capital doing to help promote fintech innovators who come from underrepresented groups and communities? We caught up with Elizabeth McCluskey, Director of The Discovery Fund at CMFG Ventures, to talk about her work in supporting underrepresented entrepreneurs that are building solutions to drive financial inclusion. We discussed her own extensive experience in…

A year ago, an Oregon-based fintech called Facteus made its debut at FinovateFall 2021. “Finovate was started with the idea of showcasing new and exciting innovation in financial services,” Facteus VP Steve Shaw said as he began his company’s demo. “And we’ve seen a lot of great ideas in technology over the past couple of…

America’s Credit Union is moving away from passwords toward biometric solutions and extending its partnership with fintech company Access Softek to its back-office security protocols in order to increase fraud-detection capabilities. The DuPont, Wash.- based bank had previously integrated Access Softek’s biometric offering into its call center operations, and the security upgrades are planned to…

Fresh from their shake-up of Gen Z’s shopping habits, buy-now-pay-later firms are now targeting business payments as the next sector ripe for disruption. Startups such as Billie, Mondu, Tranch and Tillit are all offering BNPL solutions — which allow buyers to split their payments into instalments — to companies in an attempt to secure a…