Category: Doing Business Overseas
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TCH leverages AWS to ‘significantly reduce’ onboarding time
Payment networks operator The Clearing House (TCH) is working with Amazon Web Services (AWS) to boost the efficiency of its client onboarding system. “It’s really important for us to onboard a new participant … as quickly as possible,” Elena Whisler, senior vice president for sales and relationship management at TCH, said at the recent AWS…
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Fintech CEOs, bank tech execs talk joint relationships
The key to a symbiotic bank-fintech partnership is more than just what one can do for the other. Banks should adapt their practices to cater to evolving consumer and commercial fintech end-users or risk losing key fintech relationships, Chris Dean, co-founder and chief executive at banking-as-a-service (BaaS) company Treasury Prime, said last week during a…
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Fidelity slashes Reddit, Stripe valuations after tech rout
Fidelity Investments cut valuations for several closely held technology companies, including social media platform Reddit and payment software provider Stripe. Photo by Bloomberg Mercury In April, Fidelity funds marked down stakes in Reddit by more than a third from the preceding month and Stripe by 13%, according to filings and data compiled by Bloomberg. Fidelity…
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PwC and Microsoft Tap FintechOS for Digital Banking
Financial services firm PwC and tech giant Microsoft are leveraging digital banking solutions provider FintechOS to create a digital banking solution. The group aims to help banks adapt and modernize their operations to fit into the digital-first era. “This will drive a massive improvement in time-to-value, and the extensibility of digital banking growth and expansion,”…
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Trustly to Acquire Ecospend
Sweden-based account-to-account payments specialist Trustly will acquire U.K.-based open banking payments platform Ecospend. Trustly anticipates the deal will help accelerate its move into the U.K. market. Financial terms of the deal were undisclosed. Global payments fintech Trustly announced plans to acquire U.K.-based open banking payments platform Ecospend this week. Trustly anticipates that the deal, which…
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Plaid Teams Up with Truework to Launch Income Verification Solution
Plaid teamed up with Truework to launch a new income verification solution, Plaid Income. The new offering will make it easier for loan applicants to share income and employment information with lenders. The Truework partnership comes just days after Plaid introduced its Identity Verification and Monitoring solution, as well as its partnership with financial wellness…
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Trendspotting: What’s Driving Fintech Innovation Today?
This year at FinovateSpring, we asked a handful of Finovate attendees, presenters, and demoing companies what ONE trend they think we should all be paying attention to in fintech over the next 12 months. Will it be the return of cryptocurrencies or the ability to deliver better financial advice at scale? Embedded finance or the…
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In Tandem With Finclusion Day, The Inclusion Foundation Launches eBook Celebrating Paytech Inclusion
The Inclusion Foundation has released an eBook, ‘The Network Effect: Digital payments as a gateway to financial inclusion’, in tandem with the first annual ‘Finclusion Day’, celebrating financial inclusion within the payments sector. The eBook maps out the importance of digital innovations and technologies in order to support the financially excluded, through exploring the four pillars…
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Klarna’s Customer Count Climbs While Its Staff Numbers Take a Hit
On the eve of its data-sharing initiative being implemented, Klarna has reached the milestone of 500,000 total consumers in Ireland whilst other areas of its business come under fire. The platform that has become synonymous with buy now pay later (BNPL) services has reached half a million active users in Ireland, which indicates that the…
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Em Conversa: Digital Payments with Kueski
Em Conversa looks to uncover the secrets in Latin America (LatAm) that have caused the fintech market to boom, from being worth less than $50million in 2016, to $2.1billion in 2022. This week we spoke to Adalberto (Adal) Flores, CEO and co-founder of Kueski, to further understand the digital payments scene in Mexico. Kueski is a online…