Category: Doing Business Overseas

Parafin announced Tuesday that it has secured $60 million in its second funding round. The fintech startup works in tandem with companies such as food delivery service DoorDash and wellness company Mindbody to provide funding for small businesses. Parafin launched in 2020 and is led by former employees of financial services company Robinhood. The latest…

Santander Bank has selected Rocket Mortgage to provide its clients an online mortgage lending tool. Rocket Mortgage will offer Santander clients exclusive discounts and resources to help them in their home buying journey. Rocket Mortgage was among the first to offer a fully digital mortgage lending experience when it did so in 2015. A partnership…

What we can all learn about markets and speculation from the roller coaster of Crypto The point being made in this piece is that crypto is really only a chimera. If you play in markets where the underlying assets are purely digital and do not represent anything other than the ability to get punters (gamblers)…

BlackRock has selected Coinbase to help its clients buy and sell bitcoin. Under the partnership, clients of BlackRock Aladdin will benefit from Coinbase Prime. Partnering with Coinbase will help BlackRock add digital currencies as an asset class for the first time. Coinbase is partnering with BlackRock to help some of the asset manager’s institutional clients…

FinovateSpring provided us with a great opportunity to sit down for an informative chat with Wendy Cai-Lee, founder and CEO of Piermont Bank. Launched in 2019, Piermont Bank aims to blend the best of modern banking and agile fintech. Piermont Bank’s peer banking approach provides customers with technology-enabled, human-delivered solutions, opting for dedicated bankers over…

Lowell, Ark.-based Arvest Bank is leveraging support from Google Cloud to launch an internal training program for current employees as its needs for technology-focused personnel and resources grows. “We’ve been doing a whole reskilling, upskilling program,” Laura Merling, chief transformation and operations officer at Arvest Bank, told Bank Automation News, noting that its recent partnership…

Core provider FIS increased its banking solutions revenue in the second quarter and reported a strong appetite for technology investments among financial institutions. “We’re seeing the customers continue to have high demand for banking technology solutions because they’re wanting to drive their own digital transformation,” FIS President Stephanie Ferris said today during the company’s Q2…

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.  1  First reports available as Israel gehts into the swing of Inline XBRL The first annual reports made by Israeli public companies in Inline XBRL (also known as iXBRL) are now available. The Israel…

Financial institutions’ interest in robotic process automation (RPA) has increased with the improving technology. The global RPA and hyper-automation market size will grow to $26 billion by 2027 from $9.2 billion in 2022, according to a recent report from research firm Markets and Markets. RPA can help banks save on labor costs and improve operational efficiencies. However,…

London’s OCR Labs announced a partnership with Bloom Money, a company that seeks to enhance financial wellness for immigrant communities. Bloom Money will leverage OCR Labs’ technology to provide biometric and document verification during its onboarding process. OCR Labs won Best of Show at FinovateAsia in Hong Kong in 2017. London-based digital ID verification innovator…