Category: Doing Business Overseas

DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, has announced the dates for the first sprint of its 2022 FinTech Accelerator programme, which is running until 7 July 2022. DIFC FinTech Accelerator programme offers the most innovative start-ups access to the region’s largest…

International law firm DLA Piper has launched a new report into the state of climate-risk financial reporting, which reveals nearly nine in 10 senior bankers (88 per cent) agree that diverting capital away from environmental polluters is critical to tackling the climate crisis. When it comes to positively influencing ESG change, senior bankers agreed that…

Aviva has announced a partnership with fintech Bud to provide open banking access for its workplace pension clients. Through Bud’s technology, Aviva’s workplace pension clients will be able to offer pension scheme members access to a money management dashboard via the Aviva MyWorkplace app and online portal. The dashboard makes it easy for members to…

The Monetary Authority of Singapore (MAS), in partnership with the International Finance Corporation (IFC) and the United Nations Development Programme (UNDP), has launched an open financial education and action programme for micro, small and medium enterprises (MSMEs) in Asia and Africa. Known as the SME Financial Empowerment (SFE) , this programme aims to help MSMEs…

During a time when Canadians’ appetite for digital services continues to increase, RBC and Plaid have announced a new data access agreement that will empower RBC clients with the option to share their financial data securely via a direct application programming interface (API) with the thousands of apps and services of their choice on the…

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. Apologies for the delayed publication, which was due to a technical glitch.  1  Insights from Japan’s digitally tagged KAMs The Key Audit Matters (KAMs) section of an audit report highlights the most…

Business monitoring innovator Anodot and network telemetry and analytics solutions provider BENOCS teamed up to help Deutsche Telekom Global Carrier implement a new network monitoring solution. The new solution will help companies monitor a wide range of business operations. Anodot made its Finovate debut at FinovateEurope 2022 in March. Virginia-based business monitoring company and Finovate…

Use cases for intelligent document processing (IDP) include automating the know your customer (KYC) process. The KYC process previously was performed by humans, which led to plenty of effort and errors, says Sateesh Seetharamiah, director at artificial intelligence and automation company EdgeVerve. Using IDP, one “very large U.S. financial bank” is now able to process…

From cloud-native payments to back-office robotic process automation (RPA), automation can be found in no-fuss applications across the banking ecosystem, but wealth management is tougher to automate — and robo-advisors are especially tricky. Traditional wealth management centers around person-to-person interactions, and this was precisely the challenge TD Bank, a subsidiary of $1.73 trillion TD Group,…

Royal Bank of Canada’s (RBC) 14 million digital banking users soon will have access to the Plaid and Envestnet | Yodlee networks of apps and services via an application programming interface (API). The $1.32 trillion bank announced the data access agreements, which cater to a growing share of digital customers, in a statement this week.…