Category: Doing Business Overseas

Open banking platform Bud raised $80 million in Series B funding. The investment adds to the $20 million Series A investment the U.K.-based company secured in 2019. Bud brings expertise in data intelligence and machine learning to the open banking ecosystem. Intelligent open banking platform Bud secured $80 million in Series B funding today. The…

Fifth Third Bank will migrate its mobile app to the cloud before the end of the year. The $211 billion Cincinnati-based bank initiated its overall cloud migration in 2018 and began a transition to FIS Modern Banking Platform — a cloud-native core banking solution — in July 2021. Fifth Third also offers real-time, cloud-based payments…

Western Union has tapped Marqeta to enable clients in Europe to send remittances to a physical or virtual Visa card. Marqeta’s open API will allow Western Union to replicate its payments card program to other geographies. Thanks to Marqeta’s expertise, Western Union can now gradually add new features to its digital money transfer app. Card…

Microsoft plans to expand its Cloud for Financial Services offering beyond the U.S. and Canada to Australia, France, Germany, Ireland, Italy, Mexico, the Netherlands, New Zealand and Switzerland. Beyond geography, the expansion also includes updated language and functionality, Bill Borden, corporate vice president of worldwide financial services at Microsoft, says in today’s episode of “The…

The Fintech Times Bi-Weekly News Roundup on Tuesday brings you news announcements from Money 20/20 Europe in Amsterdam. Revolut partners with Tink for European payments Tink, the open banking platform, has teamed up with financial super app Revolut. Tink’s payment initiation services (PIS) technology will allow Revolut users across Europe to seamlessly move money into…

PayPal Holdings Inc. will let users transfer certain cryptocurrencies to other customers, exchanges and external wallets, a new service that’s part of the company’s effort to boost usage of its app. Photographer: Gabby Jones/Bloomberg Mercury “This is really about access and utility,” Jose Fernandez da Ponte, senior vice president and general manager for PayPal’s blockchain,…

Finerio Connect, a Mexican fintech, together with Ozone API and Visa announce their collaboration to support financial institutions in Latin America and the Caribbean to navigate open banking. Collectively, the three companies will offer an end-to-end set of tools and capabilities enabling rapid implementations – according to market readiness and compliance requirements. The term open…

ACI Worldwide unveiled its mobile engagement platform ACI Smart Engage this week. The new solution relies on location, voice, and image recognition to enable consumers to purchase goods and services remotely with a single click. The launch of ACI Smart Engage comes at the same time that ACI Worldwide announced a divestment of its business…