Category: Doing Business Overseas

Goldman Sachs Transaction Banking recently partnered with capital markets technology derivatives services provider Derivative Path to offer regional and community banks access to in-house foreign exchange (FX) capabilities in markets they historically did not have access to. The partnership closes the gap between major Wall Street firms and regional and community banks by targeting small…

Digital insurance agency Wefox raised $400 million in a combined debt and equity round. The funds boost Wefox’s valuation from $3 billion to $4.5 billion. Wefox relies on technology to take a “prediction and prevention” approach, rather than relying on a “repair and replace” mindset. Digital insurance agency Wefox just raised $400 million in a…

Black-founded and run fintech Kinly announced a partnership with open finance company MX. The partnership will bring MX’s financial data aggregation and enhancement solutions to Kinly via the Lehi, Utah-based company’s open finance APIs. MX is a multiple-time, Finovate Best of Show winner. Founded in 2020, Atlanta, Georgia-based Kinly has raised $20 million in funding.…

U.K.-based fintech GoHenry, which provides pre-paid debit cards and a financial education app for children, this week announced its acquisition of France-based startup Pixpay, a challenger bank for tweens and teens. Terms of the deal were not disclosed. The deal will afford GoHenry the opportunity to expand into Europe, Dean Brauer, co-founder and president of…

Every summer there’s that one song playing across radio stations, at the beach, from your kids’ earphones, and in the club. This year, it’s likely “Jiggle Jiggle” by Duke & Jones and Louis Theroux. As we announce the first wave of demoers at FinovateFall, the chorus comes to mind: “My money don’t jiggle jiggle, it…

Technology billionaire Romesh Wadhwani’s artificial intelligence software company agreed to buy BAE Systems Plc’s financial crime detection business, NetReveal. Terms of the deal weren’t disclosed, but SymphonyAI Chief Executive Officer Sanjay Dhawan said in an interview that it was his company’s biggest to date and would help it sell more software to financial institutions. It’s…

I’ve had my eye on Curve since it launched in the U.K. in 2015. Curve consolidates users’ payment cards into a single physical card and digital wallet, meaning that users only need to carry one card. After Curve announced its U.S. launch earlier this year, I signed up for the waitlist and onboarded last week.…

U.K.-based GoHenry has acquired France-based Pixpay for an undisclosed sum. The deal will help GoHenry expand further into Europe. GoHenry and Pixpay will operate under their own brands with no change in staffing or headquarters. Kids money management app GoHenry has acquired France-based Pixpay for an undisclosed amount. The move will help U.K.-based GoHenry expand…

Two Oklahoma banks are growing their loan portfolios but reducing their need to hire additional personnel as they integrate automated systems into their existing platforms to speed workflow processes. The $800 million Grand Savings Bank, for one, increased its outreach to 13 branches in Oklahoma and Arkansas from just two and grew its managed assets…

Michael Lehmbeck, chief technology officer at BankUnited, will discuss citizen developers’ roles in driving automation and governance for decentralized automation at the Bank Automation Summit Fall 2022 event on Tuesday, Sept. 20, at 11:15 a.m. PT. Michael Lehmbeck, CTO, BankUnited Bank Automation Summit Fall 2022 takes place live at the Hyatt Olive 8 in Seattle…