Category: Doing Business Overseas

Massachusetts Democrat Elizabeth Warren is circulating a letter among her Senate colleagues that would ask a key US bank regulator to withdraw legal guidance that has underpinned Wall Street’s foray into crypto. Warren wants the Office of the Comptroller of the Currency to pull a series of Trump-era interpretations that paved the way for banks to offer services like…

Last few months have seen private market investors pouring capital into promising insurtech startups, while the public markets sent the value of recently public insurtech companies lower and lower. The decline in the value of public insurtech unicorns has been an oft-repeating theme. Contrarily, global insurtech venture activity has been hitting new highs. In 2021,…

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Thoma Bravo is acquiring Ping Identity in an all-cash deal for $2.8 billion. The acquisition will take publicly held Ping Identity into the private markets. Thoma Bravo’s other recent fintech acquisitions include Bottomline Technologies, Digital Insight, and Ellie Mae. Cloud-based identity software provider Ping Identity has agreed to be acquired by private equity firm Thoma…

The third annual Finovate Awards ceremony is taking place next month, which means our panel of 20 judges has carved down the list of nominees in 23 categories down to just 129 finalists. As always, competition this year was steep, so the finalist title is well-earned. Congratulations to everyone who made it to the finalist…

Arvest Bank is kickstarting a full-scale digital transformation with a new five-year strategic partnership with Google Cloud. The tech giant is looking to speed operations for the $26 billion community bank. “[T]he faster that we can help [Arvest] get out of the traditional architecture and into a modern cloud platform, the faster you can get…

The following banks and credit unions in June selected Mobiliti from Fiserv’s mobile banking platform, according to a report provided to Bank Automation News by banking data and analytics platform FI Navigator: $18.9 million Blue Water Federal Credit Union, based in Port Huron, Mich.; $36.3 million Sherwin Williams Employees Credit Union, based in South Holland,…

Arkansas-based fintech BOND.AI recently unveiled its latest offering, The Bond Network. The technology enables financial institutions and businesses to add modern financial health solutions to their platforms. BOND.AI won Best of Show in its Finovate debut at FinovateFall 2018 in New York. BOND.AI has launched The Bond Network, which leverages open banking to enable banks,…

Savana, a fintech headquartered in Pennsylvania, raised $45 million in new funding. The new capital consists of a combination of equity and debt. Canadian investor Georgian led the equity component of the funding. Savana will use the funds to fuel the continued growth of its Digital Delivery Platform. Pennsylvania-based fintech Savana has secured $45 million…

PayPal Holdings increased its technology and development spend while focusing on talent acquisitions in the second quarter. The payments company’s tech and development spend climbed 9% year over year, reaching $815 million in Q2, according to the earnings release. “We are focusing our investments in the areas where we have tremendous advantage due to our…