Category: Doing Business Overseas

MX has appointed Jim Magats as CEO, replacing Interim CEO Shane Evans. Magats comes to MX after spending 18 years as a senior executive at PayPal, where he specialized in open finance. Evans will continue to serve as a senior advisor. Open finance fintech MX named Jim Magats CEO this week. The news comes after…

Automated teller machine (ATM) provider NCR Corporation remained steadfast in its software-as-a-service (SaaS) transformation in the second quarter amid a rise in digital banking alongside software and services revenue. NCR saw total revenue increase 23% year over year to $2 billion, according to its Q2 earnings release. Digital banking revenue grew 2% YoY to $131…

Two US senators plan to introduce legislation as early as this week that would give merchants the ability to route Visa Inc. and Mastercard Inc. credit-card transactions over alternative networks. The legislation — set to be introduced by Democratic Richard Durbin of Illinois and Republican Roger Marshall of Kansas — would direct the Federal Reserve…

It’s no secret that the financial services industry is highly regulated, and it’s just one challenge the industry faces. In addition to the ubiquitous burdens the COVID-19 pandemic brought to just about every industry, financial services firms are also trying to navigate de-globalization as well as digital disruption.  Renee Wells, vice president of product strategy,…

Paul Margarites, head of commercial digital platforms at the $1.4 trillion TD Bank, will join the Bank Automation Summit Fall 2022 speaker faculty to discuss “Embedded Finance: Frontiers in Open Banking” on Monday, Sept. 19, at 1:45 p.m. PT. Bank Automation Summit Fall 2022 will take place live from the Hyatt Olive 8 in Seattle…

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.  1  India gears up for digital sustainability reporting India is once again in the vanguard of digital reporting, as it enables filing of the new Business Responsibility and Sustainability Report (BRSR) in…

Data ingestion from cars is gaining importance beyond shared mobility, where it was always recognized as significant. Fleet operators for car subscription companies, rentals, and commercial-fleets are leveraging data to reduce costs, increase revenues, and improve clients’ experience. They pull data from OEM telematics units found in most new cars, making vehicles digital-ready seamlessly. OEMs…

An increasing number of finance executives are acknowledging the benefits of blockchain, digital assets, and smart contracts – both for their organisation and for wider society. But the unfamiliar landscape requires vigilance and thorough investigation. Blockchain in Finance 2022 is written for finance executives who want to understand how the financial services sector is approaching…

Core provider Jack Henry announced a partnership this week with MVB Edge Ventures subsidiary Victor Technologies and MVB Bank to integrate a real-time payments (RTP) solution that improves the bank’s instant payment offerings to its clients. The West Virginia-based MVB Bank is the first Jack Henry customer to launch RTP send and request capabilities on…

One of the more interesting developments in fintech in recent years has been how a number of innovators have sought to leverage the workplace as a way to make financial wellness, education, and inclusion a reality for workers. Today’s column will introduce five of fintechs – Finovate alums all – that are bringing the benefits…