Category: Doing Business Overseas

We’re more than halfway through the year, and before you know it, we’ll be publishing trends predictions for 2023. However, a lot can happen over the course of five months, so we’ve decided to examine what to look for and what you can expect in fintech between now and the new year. Beginning the era…

Denver, Colorado-based PayOps innovator Infinicept unveiled its open payment operations solution, Infiniport. The new offering will support orchestration between multiple processing platforms, enabling businesses to “bring their own processor” (BYOP) to their payments operations. Infinicept secured $23 million in new funding this spring in a round co-led by SVB Financial Group and Piper Sandler Merchant…

Banks are leveraging automation in transactions to weed out suspicious activity from fraudsters, and the U.S. government is taking action to ensure financial institutions can continue testing new anti-money laundering (AML) tactics without running afoul of regulators. The U.S. Department of the Treasury issued the 2022 National Strategy for Combatting Terrorist and Other Illicit Financing…

The role of the chief compliance officer (CCO) at financial institutions has evolved as technology, automation and access to data present new opportunities and challenges for executives. “Today’s compliance officer faces that very burdensome trade-off of creating a really good frictionless experience for their end users … but also building compliance confidence within their organization,”…

Cloud-based loan software provider Built Technologies announced it has acquired deal management platform Nativ to provide lenders with a risk management solution that shifts away from analog processes. Terms of the deal were not disclosed. “The Nativ product, which is classified as a deal management product in commercial real estate, assists with underwriting the future…

This is a sponsored post by Ann Kuelzow, Global Head of Financial Services at InterSystems. A staggering 86% of financial services firms globally are concerned about using data to drive decision-making within their organizations, according to the latest research from InterSystems of 554 business leaders within financial services companies, including commercial, investment, and retail banks, across…

This has been a banner year for hackers targeting the industry. Last week, a couple of hacks totaling hundreds of millions in losses and thousands of affected users rattled an already shaken market. On Monday, Nomad, a crypto bridge was the latest victim of hackers, which walked away with close to $190 million. A crypto…

This week’s edition Finovate Global is an interview with Abdulla Almoayed, founder and CEO of Tarabut Gateway. Founded in 2017 and headquartered in Dubai, Tarabut Gateway is the first and largest regulated open banking platform in the MENA region. The company enables secure and friction-free data flow and connectivity between banks and fintechs in its…

Envestnet has had a busy first half of 2022 in terms of acquisitions, technology launches, integrations and internal digitization efforts, which have resulted in a 10% increase in total revenue. The Berwyn, Pa.-based wealth management company’s total revenue reached $318.9 million in Q2, up from 288.7 million in Q2 2021, according to its Q2 earnings…