Category: Doing Business Overseas
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UiPath updates: cloud-based robots and AI-model training for citizen developers
Cloud-based robots that can be launched without infrastructure provisioning and artificial intelligence (AI) model training are two new initiatives UiPath rolled out in its most recent update today. Image by CanStock The ability to spin up robots in the cloud without having to manually provision the infrastructure was a main talking point as the updates…
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Transactions: Temenos enables Google Cloud APIs at BforBank
Switzerland-based core provider Temenos will enable Google Cloud-native API access for French digital bank BforBank, the companies announced Tuesday. Temenos, a digital banking vendor that powers services for Lloyds Bank, Varo and Microsoft, has been the digital provider for BforBank since its founding in 2009, and originally underpinned back-office processes for BforBank. The bank, which…
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Nacha Announces Same Day ACH Limit Is Increased From $100,000 to $1million
Dwolla, a fintech powering innovation with sophisticated account-to-account payment solutions, celebrates Nacha‘s announcement of the Same Day ACH (Automated Clearing House) transaction limit increase from $100,000 to $1million. Effective March 18, the $1million limit was applied to all Same Day ACH transactions. Dwolla expects this update to further support the adoption of Same Day ACH, which saw payment volumes grow…
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Analysing UST and $LUNA’s Collapse: What Happened, Why It Happened and Looking to the Future
‘The crypto market is extremely volatile’ – this is a statement most, if not all, in the fintech sphere have heard. In May, the severity of a volatile market came to light when TerraUSD (UST) and $LUNA (Luna), its sister token, collapsed seemingly overnight. Within the space of a few days Luna’s price dropped from…
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Virtual Asset Trading Platform MidChains Enrols on Visa’s Fintech Fast Track Programme
MidChains has joined Visa’s Fintech Fast Track programme in a move poised to accelerate its integration with the payment services provider. Based in Abu Dhabi Global Market (ADGM) and licensed by the Financial Services Regulatory Authority, the virtual asset trading platform’s enrolment on the programme is set to better its ability to leverage the reach,…
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Lenders use alternative data to expand auto books
Auto lenders in the first quarter leveraged TransUnion’s alternative data and underwriting models to expand their lending pools as the market continues to navigate limited inventory and elevated vehicle prices. Image by CanStock The alternative data sets allowed lenders to reach consumers they otherwise wouldn’t lend to in order to grow their portfolios, Satyan Merchant,…
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UK Fintech News Roundup: The Latest Stories 18/05
Every Wednesday, we delve into the latest fintech updates from across the UK. This week sees Starling Bank sign up three Lionesses; while Chase bank launches its refer-a-friend scheme throughout the UK. Lionesses join forces with Starling Bank As part of Starling Bank’s sponsorship of UEFA Women’s EURO 2022, one former and two current England…
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‘Future of Cloud in Banking’ Finds There Is Still a Long Way Till All Banks Have Moved to the Cloud
Publicis Sapient, a digital business transformation company, has released its Future of Cloud in Banking report conducted in collaboration with Google Cloud. The cloud state-of-play report surveyed senior banking professionals across Asia Pacific (APAC), EMEA and North America, revealing key insights into how far banks have come in their cloud transition journeys. The survey revealed…
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The UK, Ireland and the Nordics Receive Access to Finastra’s Fusion Payments to Go
Mindtree, a global technology services and digital transformation company, and Finastra, a financial technology provider, have announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service. As part of the partnership, Mindtree will host Finastra’s proven payments solution in the…
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Stablecoin News for the week ending Wednesday 18th May.
Here is our pick of the 3 most important Stablecoin news stories during the week. The Humpty Dumpty of stablecoins! This last week was all about the Algo stablecoin Terra, which lost its peg to the USD, its credibility and a lot of people a lot of money. Firstly the “bank run” analogy isn’t appropriate for…
