Category: Doing Business Overseas

Scotiabank’s Scene+ loyalty rewards program and mobile app added 200,000 new members since January, helping to drive consumer use of the bank’s credit and debit cards. Scene+, a broadened flexible loyalty program combining two of the $976 billion Toronto-based bank’s existing loyalty programs, was launched in December 2021. Transactions and points redemptions through the program…

The Edinburgh-based crypto wallet and payments platform Zumo has brought to life its new B2B ‘crypto-as-a-service’ solution ‘Zumo Enterprise’; set to enable companies to offer crypto products and services to their customers. The first of its kind in the UK, Zumo Enterprise is the market’s only The full-stack embedded crypto solution allows fintechs and financial…

London-based Prograd – a 2021 alumni of esteemed start-up accelerator Techstars – has announced a partnership with Admiral Money to help young adults find and understand their sustainable lending products. In Q2 2022 Prograd is launching a platform to help Gen-Z understand, access and manage any financial products they need to take on to move…

As the pool of high-frequency traders begins to spill over, new ways to see into the future are coming into fruition; algorithmic trading has become increasingly popular with investors. Algorithm trading uses high-powered computers to make trading decisions based on algorithms that can spot changes and trends across multiple different markets – accounting for around…

After a successful trial run amongst large merchants last year, Clearpay has made its in-store payment functionality available to small and medium-sized businesses (SMBs) across the UK’s high streets. The buy now, pay later (BNPL) payments company, which is recognised as ‘Afterpay’ beyond the UK and Europe, has made its in-store payment functionality available to…

kennek, a connected and scalable lending infrastructure, is launching its innovative ‘lender-in-a-box’ offering on the global cloud banking platform, Mambu. Founded in 2021, kennek’s vertical SaaS platform bundles together the best-in-class vendors in credit scoring, open banking, data extraction – and more – into one user-friendly integrated system. By building on Mambu’s composable cloud platform,…

HSBC suspends banker over Nutjob climate change comments Stuart Kirk certainly made some injudicious comments about climate change but why suspend him when what he said was common sense. I am not a climate change zealot but that does not mean that I don’t believe in climate change. I just have faith that technology will…

Open banking expert Yapily and B2B BNPL player Two have paired up. Norway-based Two will leverage Yapily data, eliminating the need for businesses to fill out forms when paying with BNPL. “With Yapily and open banking, we can provide a safer, cheaper, and easier financial bridge for businesses that are ready to move forward,” said…

Bank of Montreal will leverage a proprietary, cloud-based, risk management analytics solution to forecast loan loss scenarios faster and with better cost-efficiency. BMO Chief Executive Darryl White referenced the system during the bank’s earnings call Wednesday.   “We continue to modernize our technology through cloud,” White said. “For example, we’re converting to a proprietary platform…

Lenders may soon have the opportunity to acquire fintechs at depressed valuations as economic conditions decline and fintech operational costs soar. “It is a hard life to be a single-product company,” Christina Melas-Kyriazi, partner at venture capital firm Bain Capital, said at the recent FinovateSpring 2022 conference, noting that fintechs need support from investors to…