Category: Doing Business Overseas

Envestnet announced Wednesday its acquisition of business intelligence firm Truelytics, a move in part to expand the wealth management giant’s offerings for small and medium-sized businesses (SMBs). While financial details were not released, the deal is part of Envestnet’s new focus on linking wealth, banking and technology verticals with an eye toward SMBs, Farouk Ferchichi,…

More businesses are automating accounts receivable (AR) functions to improve cash flow, but for most, that automation is fragmented and full of gaps. Eighty-nine percent of 200 executives polled in November and December 2021 from companies with 1,000 to 10,000-plus employees said their businesses will invest more in AR automation and payment technologies in 2022,…

A $50 million investment will help Egyptian digital payments company Paymob expand into new markets in both the Middle East and Africa. The round was led by Kora Capital, PayPal Ventures, and Clay Point, and represents the largest ever Series B round in Egyptian fintech history. “Central Bank of Egypt initiatives that are continuously being…

Seamless Middle East, the largest payments and e-commerce event, returns on 31 May, welcoming thousands of payments, fintech, retail and e-commerce industry experts to Dubai. This year’s conference and exhibition explores key trends shaping the future of the industry including cashless societies, the banking vision of tomorrow, omnichannel optimisation, social selling, logistics and supply chains,…

Working in collaboration with Google, American Express (Amex) is set to let its card members convert to and save virtual card numbers (VCN) when they use autofill on Google’s Chrome and Android services. Virtual card numbers make shopping online safer and more secure by replacing the 15-digit physical card number with a virtual number, or…

Ebury, a fintech specialising in international transactions for small and medium-sized enterprises (SMEs), with operations in 20 countries, has signed an agreement to begin the process of acquiring 100 per cent of the Brazilian fintech Bexs, which includes the businesses Bexs Banco (foreign exchange) and Bexs Pay (payments). The acquisition, which is subject to regulatory…

As widespread remote work has expanded the attack surface, we’ve seen the threat landscape become increasingly sophisticated, with cybercriminals continuing — even escalating — their activity amid crisis. Ransomware attacks are increasingly successful, crippling governments and businesses, and the profits from these attacks are soaring. As the global cybercrime supply chain continues to mature, anyone…

Over 40 of the MENA region’s notable bankers and fintech experts will discuss the impact of technology and innovation on the banking industry at the 12th edition of the Middle East Banking Innovation Summit (MEBIS) in Dubai this month. Organised by Expotrade Global, the summit will be held on the 25th and 26th May 2022…

The latest e-wallet solution to hit the market will reportedly enable open banking providers to overcome the various challenges they face when going to market. The e-wallet has been launched by the UK-based payments solutions provider Clear Junction, which has been developing an improved e-wallet solution that adds value to open banking providers specifically. Payment…