Category: Doing Business Overseas

in digital currencies, Doing Business Overseas, Trade & Industry

The world of cryptocurrencies has seen an explosion in advertisements as companies attempt to broaden the appeal and understanding of crypto in the general public. Despite the booming popularity of cryptocurrencies in Q1 of 2022, crypto ad expenditure has since dipped, with some even being banned for breaching regulations, according to separate data from MediaRadar…

TD Bank uses tech modernization to improve agility

May 28, 2022

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in digital currencies, Doing Business Overseas, Trade & Industry

The $1.4 billion TD Bank is rolling out a new initiative that will modernize its IT infrastructure by shifting more to the cloud. Next Evolution of Work, or “NEW,” is not merely a technology project — the bank is hoping to shift its operating model as well, according to Chief Executive Bharat Masrani, who outlined…

By the Numbers: Automation, data analytics draw banks to the cloud

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in digital currencies, Doing Business Overseas, Trade & Industry

Banks have yet to capitalize on cloud technology but agree that automation is the most compelling argument for doing so. The ability to automate processes was voted as the No. 1 benefit for transitioning to the cloud among 44% of 250 global retail and commercial bank executives, according to a recent survey by Publicis Sapient…

National Australia Bank to Launch BNPL Tool

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in digital currencies, Doing Business Overseas, Trade & Industry

National Australia Bank is launching its own BNPL tool called NAB Now Pay Later. The bank’s BNPL offering will not charge late fees, interest, or account fees. NAB expects to have a leg up on third party tools because, as NAB Group Executive Personal Banking Rachel Slade explained, “We know their banking and credit history…

A Third of Americans Believe Bitcoin Mining Has No Impact on the Environment

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in digital currencies, Doing Business Overseas, Trade & Industry

Bitcoin has received a bad a rep in recent years for its energy consumption when mining coins. While some have become aware of the environmental impact mining cryptocurrencies, especially Bitcoin, can have, the majority of investors are still unaware of it according to Forbes Advisory. Research from the investing experts has revealed that 84 per…

RBC sees 7.9% increase in computer-related expenses

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in digital currencies, Doing Business Overseas, Trade & Industry

The Royal Bank of Canada saw a 7.9% year-over-year increase in computer rental and maintenance costs, spending $332 million during the second quarter. The $1.5 billion bank is also betting on driving growth in its 14 million client base through “differentiated products and services, including going beyond banking through innovative solutions, including RBC Vantage,” and…

AI-based risk modeling not a guarantee against recessionary impacts

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in digital currencies, Doing Business Overseas, Trade & Industry

NEW YORK CITY — The use of artificial intelligence-based risk modeling is far from foolproof in a recessionary environment. While advancements in machine learning (ML) capabilities and data integrations have dramatically increased the scale and complexity of AI-based risk modeling, the models are only as good as the ways in which they are employed, Pankaj…

MBC Group To Distribute BitOasis’ Crypto Educational Programme Across MENA

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in digital currencies, Doing Business Overseas, Trade & Industry

Media company MBC Group is to support the Middle East and North Africa (MENA)-based crypto-asset trading platform BitOasis in distributing crypto educational and awareness campaigns across the region via the use of its digital platforms and TV channels. BitOasis plans to connect with its audience via its regional brand and a new educational programme distributed…

Tribal Finds MENA Customers Use 25.4 Virtual Cards on Average

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