Category: Doing Business Overseas

Expanding its automated employment and income verification services to the UK, Experian, the global information services company, looks to broaden UK employees’ access to better financial products and services. These digital services, that automate the time-consuming process of sharing payroll and employment information with lenders, provide an instant and secure alternative for verifying such information…

It is very easy for many who are new to the fintech space to think that financial technology is an exclusive term for payments technology, and while there is some truth to this, it does not tell the entire story about fintech. However, in June, The Fintech Times is looking to indulge this belief as…

Ghana Interbank Payment and Settlement Systems (GhIPSS) has introduced the launch of the bank-wide GhanaPay mobile wallet to encourage the rise of the country’s cashless and financially-inclusive ecosystem. The mobile money service is to be launched as an open application and will be offered universally across all the country’s incumbent and rural banks, including various…

Synthetic identities are increasingly used to attack buy now, pay later (BNPL) offerings, says Mike Cook, vice president of fraud solutions commercialization at identity verification firm Socure. “Synthetic identities take a different bunch of different forms, but basically, they’re just identities that don’t really exist,” Cook tells Bank Automation News in this episode of “The…

It is rare that a company would want to stunt its growth – but there is a logical reason for this. With a small company, employees and employers are more likely to communicate, but as it grows, understandably priorities shift to ensure the growth is sustainable. This was a conundrum faced by 3S Money, a…

​​Enfuce has chosen Konsentus’ Verify to protect its customers from unauthorised or fraudulent third parties gaining access to valuable account data and funds. The Finnish open banking and embedded payments provider is to deploy the Konsentus Verify infrastructure regtech to enable open banking data to be exchanged securely within its own services. The infrastructure is…

Paysera has partnered with Globus Bank in Ukraine, giving local residents the opportunity to pick up money sent by their relatives in cash at one of 150 branches of Globus Bank and its partners.  Gintautas Mezetis, CEO of Paysera, says that although there are many international cash transfer companies in the market, there is still…

Know your customer (KYC) service provider RecognID recently announced its global market expansion. After several years of serving as an identity proofing solution for existing partners, the team of MD Finance, a group of fintech companies, decided to give the product an additional boost and development. Based on its team’s experience in top-notch KYC, RecognID…

Today’s fintech is tackling an ancient challenge: how to move money across the world as fast and cheaply as possible. Bank-based methods are costly because commissions are charged by intermediary banks. Margins between buying and selling a currency are often between five and 10 per cent. These costs impact Australian businesses – especially exporters with…