Category: Doing Business Overseas

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1  Revisions to Calculations 1.1 ensure global utility The XBRL Standards Board has approved a second Candidate Recommendation of the Calculations 1.1 specification, with improvements to ensure full international applicability. The Calculations specification…

FOREX, the Nordic currency exchange, has outsourced the entirety of its ATM channel management to Diebold Nixdorf, whilst expanding its fleet with the firm’s DN SeriesTM devices.  Since most of its five million customers are busy international travellers, foreign exchange is naturally FOREX’s most popular service, both within its 80 branches across Sweden, Denmark, Finland…

The energy industry is changing. A U.S. Energy Information Administration report found that solar and wind accounted for most new electricity capacity. With diminishing costs and increased demand, the solar and wind sectors are the future of energy. In the US, investment in renewable energy is expected to hit $1 trillion by 2023, up from…

Bruised but not broken, the cryptocurrency market has taken more than a few blows as the prices of leading digital assets – from Bitcoin to Ethereum – have declined significantly in recent months. This may have taken some of the steam out of many cryptocurrency ventures. But there is no sign that interest in cryptocurrencies…

Open banking platform TrueLayer is partnering with cross-border payments company Thunes. Thunes will integrate TrueLayer’s open banking technology into its platform, making open banking available as a payment method. TrueLayer helps 100,000 merchants across the U.K., Europe, and Australia power open banking payments experiences that connect payments, data, and identity. In the U.K., open banking is the…

Ken Meyer, Truist divisional chief information officer and experience officer for consumer technology, experience and innovation, has joined the speaker faculty of Bank Automation Summit Fall for the panel “Business Intelligence, CRM and Automation: How to Improve Customer and Employee Experience and Overall Efficiencies” on Tuesday, Sept. 20, at 9 a.m. PDT. Bank Automation Summit…

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Paysafe (NYSE: PSFE), a specialised payments platform, has launched a new program for its Skrill USA digital wallet that caters to the wagering preferences of high-stakes American online gamblers. Building on the recent Skrill USA product upgrade, the new program, which has been first rolled out with the PlayUp USA sportsbook, provides enrolled players with…

The fintech industry has been historically male-dominated. Despite the barriers for women gradually being broken down, there is still a long way to go. A culture of acceptance is crucial in continuing to tackle the biases that have been created in the industry: without employees and members of the community feeling like they can speak…