Category: Doing Business Overseas

Bank payments company GoCardless has announced its intention to acquire open banking platform Nordigen. The Latvia-based fintech, a Finovate alum since 2018, connects to 2,300 banks in Europe and the U.K. via its free API. Terms of the acquisition, which is expected to close later this summer, were not disclosed. Bank payments company GoCardless has…

Envestnet acquired revenue management and hosted fee-billing solutions company Redi2 Technologies. Envestnet will use the buy to modernize its billing, accounting, and back office capabilities. Terms of the deal were not disclosed. Financial wellness technology firm Envestnet announced its 16th acquisition today. The Chicago-based company announced it has purchased revenue management and hosted fee-billing solutions company Redi2…

The $1 billion Cogent Bank recently integrated blockchain-based, real-time payment platform TassatPay to provide its business-to-business (B2B) clients with 24/7 instant payment options. “Every part of the economy operates around the clock, there’s no reason why B2B payments shouldn’t,” Tassat Group Chief Executive Kevin Greene tells Bank Automation News in this episode of “The Buzz”…

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.  1  Support and suggestions for digital climate reporting at the SEC The US Securities and Exchange Commission (SEC) has now closed the comment period on its proposal on enhancing climate-related disclosures, which promises…

Credit default swaps are hard enough to figure out. Shadow lenders and their repackaging of cash flows from loans into securities come with their own complexities. And cryptocurrencies, well, they can be as mind-bending as anything financial alchemists have ever dreamed up. A new product combines all three into one. It’s from fintech company Percent Technologies and Anzen, a new…

Digital embedded insurance propositions are expected to be more of micro-insurance products with high volumes and low premiums. That necessitates cost of sale to be low and transactions to be automated. Examples are flight delay cover embedded into flight costs, purchase of a bag of seeds with inclusion of crop failure cover due to drought.…

OpenFin received a strategic investment from ING Ventures. The amount of the investment was undisclosed, but adds to the company’s $47 million raised since 2010. ING is an OpenFin OS client. The company began using OpenFin’s technology last year to accelerate its desktop transformation strategy. Enterprise productivity company OpenFin received a strategic investment from ING…

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