Category: Doing Business Overseas

Something we say a lot here on the Bloomberg Crypto team is, “everything old is new in crypto.” And what we mean by that is that while there’s a perception that ideas like the blockchain are novel and groundbreaking, the reality is there’s lots of precedents for concepts like DAOs (decentralized autonomous organizations) or ICOs (initial coin…

Open-Finance.ai partnered with FICO to leverage the company’s Blaze Advisor decision rules management system. Israel-based Open-Finance.ai will integrate Blaze Advisor into its open banking platform to offer real-time credit assessments. This news comes as “Israel is on the cusp of major banking reform with the introduction of open banking,” said FICO VP of Partner Management in…

Do VC know what they are doing? For VC’s substitute lenders. A Chicago Business School analysed some 16000 VC investments and came up with some startling conclusions like they (VC’s) were making some “predictably bad investments” and “ They keep making mistake after mistake and were not able to learn even the simplest mistake from…

If there were a Challenger Bank Hall of Fame, then rest assured that Anne Boden, who founded U.K.-based Starling Bank in 2014 and is the challenger bank’s CEO, would be prominently featured therein. As we learned in our conversation with Ms. Boden, her inspiration for founding the U.K.’s first digital bank was driven by both…

Cloud services are transforming business operations for financial institutions, providing a modern IT infrastructure while mitigating cyber risk. Referred to by IBM as “one of the most important shifts in the history of enterprise computing,” adoption of the public cloud is growing as organizations become more familiar with the advantages provided by the technology. Sean…

Huntington Bancshares announced today it expects to double its technology investment by the end of 2023. The $178.8 billion bank’s technology equipment spend in Q2 increased 17% year over year to $61 million, down 23% sequentially, according to today’s earnings presentation. Additional resources — including two acquisitions for the Columbus, Ohio-based bank’s consumer and investment…

Michael Reynolds, business technology senior manager of digitization at KeyBank, will discuss how to use automation to detect and stop fraudulent transactions at the Bank Automation Summit Fall 2022 on Monday, Sept. 19, at 11:45 a.m. PT. Michael Reynolds, business technology senior manager of digitization, KeyBank Bank Automation Summit Fall 2022 takes place live at…

Like an elephant, the essence of AI is difficult to put into words, but you know it when you see it.* This poses a challenge for policymakers looking to use regulation to support the safe development of artificial intelligence. In a new policy paper, the UK Government chooses not to pin down what AI means…

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.  1  Ninghai Expressway: There is a difference … Tonghuashun (300033) Financial Research Center reported on July 18 that some investors asked questions to Ninghai Expressway (600377). In the 2021 annual report disclosed…