Category: Doing Business Overseas

Here is our pick of the 3 most important stablecoin stories during the week. Stablecoin innovation continues during Crypto winter! First, the bad news, Solana-based algorithmic stablecoin NIRV has become the latest stablecoin to fail after dropping 85% from its United States dollar peg following a hack on adaptive yield protocol Nirvana Finance on Wednesday. The…

American Express is launching American Express Global Pay, a cross-border payments tool for U.S. small businesses. Businesses can use American Express Global Pay to pay suppliers in more than 40 countries and in 12 currencies. American Express did not disclose exact fees, but said that it will display the fees when the business is creating…

Ryan Christiansen, senior vice president of data access at Mastercard’s Finicity, has joined the speaker faculty of Bank Automation Summit Fall 2022 to discuss “Case Studies on Automation and Innovation Initiatives from across the Financial Institution” on Tuesday, Sept. 20, at 9:45 a.m. PT. Bank Automation Summit Fall 2022 will take place live from the…

Yext announced the early access availability of its Summer ’22 release. The New York company specializes in helping companies improve the way customers query their websites and apps for information about their businesses. Yext made its Finovate debut in 2020 at FinovateFall. Yext, a technology firm that leverages AI to collect and organize company information…

Last week, we looked at Finovate alums that are leveraging their technologies to help employers help their employees achieve financial wellness and greater financial inclusion. Today we are highlighting a Finovate alum – and Best of Show winner – that is using its innovation to facilitate charitable giving in the workplace. Founded in 2017 and…

American Express today launched American Express Global Pay, enabling its U.S. small business clients to securely send business-to-business (B2B) payments both domestically and internationally, joining the crowded field of big banks with its automated offering. “American Express Global Pay uses automation to support faster payment processing on available routes,” an American Express spokesperson told Bank…

Robinhood Markets Inc.’s cryptocurrency arm was fined $30 million by New York’s financial regulator after the brokerage was accused of violating anti-money-laundering and cybersecurity rules. The unit must enlist an independent consultant to monitor compliance, according to an order filed Tuesday. The firm disclosed last year that it expected to pay the penalty. The enforcement…

Upcoming Webinar: Bridging the Gap: Connecting Banks with Fintech Applications to Accelerate InnovationDate: Wednesday, September 21, 2022 | Time: 3:00pm BST / 10:00am ET The rate of innovation within the financial services sector has increased dramatically. As traditional financial services organizations attempt to keep pace, they often leverage technology from fintech providers to quickly develop or provision new cloud-based…

It’s August, which means that FinovateFall officially kicks off next month. The summer heat may have you in vacation mode, but in a matter of weeks it’ll be time to switch gears and get ready for our three-day event, taking place in New York City, September 12 through 14. Book your spot at this year’s…

Robotic process automation (RPA) giant UiPath closed its acquisition of natural language processing (NLP) company Re:infer today, bringing communications mining capabilities to its platform. Terms of the deal were not disclosed. “Today, over 80% of enterprise data is unstructured, meaning it cannot be easily analyzed and used to improve business operations or outcomes,” Ted Kummert,…