Category: Doing Business Overseas

Cybersecurity approaches in the U.K. and Europe provide learning opportunities for U.S. banks, despite major differences in regulatory and business structures. Following are three cybersecurity tactics that are working in the U.K. and Europe: 1. Mandatory multifactor Multifactor authentication (MFA) has been much maligned by banking customers for its clunkiness and relative inconvenience. However, mandatory…

Open banking expert Token landed a $40 million Series C investment. The round, which was co-led by Cota Capital and TempoCap, boosted the company’s total funding to $90 million. Among Token’s clients are BNP Paribas, HSBC, Mastercard, Nuvei, Paysafe, Ecommpay, Rewire, Coingate, Sonae Universo, Volt, and Vyne. Open banking innovator Token.io closed a $40 million…

Experian has agreed to acquire a majority stake in Brazil-based MOVA Sociedade de Empréstimo entre Pessoas S.A. (MOVA) for $7.89 million (R$40 million). Experian will take a 51% stake in MOVA today, with the option to acquire the remainder of the company between 2026 and 2028. Experian is interested in P2P lender MOVA because it has…

The Payment Systems Regulator (PSR) has taken action against National Westminster Bank Plc, Royal Bank of Scotland Plc, Ulster Bank Ltd and Coutts & Company for overcharging interchange fees on credit cards. The regulator has fined the banks £1.82million for failing to comply with regulations after an investigation found that the banks wrongly profited from…

The pandemic has highlighted the importance of quick and convenient payment transactions. Combined with the ever-growing pressure on businesses to provide good customer service, the need for an all in one solution to both make payments and a strong community is needed more than ever.  Indiana Gregg is the CEO and founder of Wedo. 25…

Hub71, Abu Dhabi’s global tech ecosystem, has accepted 16 startups to join its growing community as part of accelerating the Emirate’s position as a leading innovation hub. By launching operations in Abu Dhabi, the new startup cohort, which has already raised more than AED 231million in funding, will have the opportunity to develop advanced technologies…

Precis Digital, the data-driven digital marketing agency, and research company, Forrester Consulting, have found that 80 per cent of marketers rank customer satisfaction as the number one most important outcome for their marketing programmes. However, only 49 per cent indicate that they would go beyond what regulations such as GDPR require, to adopt more ethical…