Category: Doing Business Overseas

With the UK becoming increasingly comfortable with post-pandemic life, people are starting to spend more time out socialising, and more time spending money that they weren’t spending during the lockdown. Following its survey of UK adults, credit card company Aqua has uncovered the key factors contributing to Brit’s social overspending. According to the results, Brits…

A third (31 per cent) of financial services and banking professionals are planning to leave the industry due to high pressure, according to a new report by LemonEdge, a global digital accountancy platform for the private capital and venture capital industry. With burnout mounting, a further third (31 per cent) of banking and finance professionals…

Bite Investments has released a report in association with Mergermarket concluding that enhanced data access and operational efficiencies are the main drivers for digitalisation among investment firms. The report, titled “The Tech’s Factor: The digitalization of private markets in 2022 and beyond” reveals how digitalisation is shaping the private capital industry and how fund managers…

After years of stop-start evolution, the market boom that open-banking advocates have been waiting for appears to be underway. The potential of this sector is as large as it is untapped with the sector projected to be worth $43.15 billion by 2026, equivalent to an annual growth rate from 2019 upwards of 24%. Open banking…

Half of JPMorgan Chase’s total infrastructure spend is on the cloud, the bank announced Monday during its 2022 Investor Day. Investors were left scratching their heads in January when the $4 trillion global bank announced it would increase its 2022 tech spend by 20%. During Monday’s 2022 Investor Day, which included a 20-minute technology presentation…

Modern card issuing platform Marqeta has come a long way since its Finovate debut in 2016. Back then, Marqeta was a six-year-old company, presenting the world’s first fully-documented, open API issuer processor platform, and emphasizing the company’s commitment to producing payments solutions that were “developer-friendly.” In fact, it was at Finovate’s developer conference, FinDEVr Silicon…

TransferMate is fintech’s latest unicorn, having secured $70 million in funding this week and earning a valuation of more than $1 billion. TransferMate’s platform enables businesses and individuals to make cross-border payments in more than 201 countries and more than 140 currencies. Headquartered in Ireland, TransferMate was founded in 2010. With a new investment of…

Banking technology provider Temenos is launching ESG Investing-as-a-service. The tool will help banks and wealth managers offer a digital experience that allows end customers to build an investment portfolio that reflects their values. The move comes amid a time of major growth for ESG investing, which is expected to exceed $53 trillion by 2025. ESG…

Technology is set to play a significant role in helping merchants in the United Arab Emirates (UAE) reach and exceed their growth expectations; with many forecasting company growth in excess of 20 per cent this year. But are they ready for it? Research released by the fintech Adyen revealed how UAE retailers are optimistic for…

Totalling 13 per cent of all non-cash payments, corporate non-cash payments represented around 133 billion transactions in 2021; a figure that’s forecast to expand to 200 billion transactions by 2025.  These were the core findings of LexisNexis Risk Solutions and Capgemini Invent, who together have released the results of the ‘LexisNexis Risk Solutions Corporate Digital…