Category: Doing Business Overseas

With overall crypto trading volumes increasing over 500 per cent in 2021, last year also brought record cryptocurrency gains for the average crypto investor. Researchers at TradingPedia combined multiple datasets to provide a thought-provoking view on the crypto profits dynamic. It turns out a significant amount of crypto investors started to earn enough to secure the…

ESG (environmental, social and governance) will be critical to the work that banking and fintech innovators do in building open banking systems over the next several years. It’s inevitable that open banking will be part of the next wave of banking innovation – but the idealistic promise of open banking could hit big problems in…

Banks in the US will now have just 36 hours to report a cybersecurity incident to a federal regulator amongst the heightened potential for Russian-led cyber attacks.  Although receiving final approval back in November 2021, the bill, imposed by the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC),…

The crypto market has been in the doldrums after witnessing the record highs during November of the last year. The downturn in the market has had a direct impact on the crypto apps ecosystem in Europe. According to the latest numbers presented by StockApps, the number of crypto apps-installs in Europe was down by almost…

FinTech Wales Foundry, the flagship accelerator program created by FinTech Wales, has completed its 2022 programme with a pledge to create, between them, more than £70million in revenue, and create more than 100 jobs in Wales, over the next three years. Sponsored by Principality Building Society, Admiral Money, and supported by Cardiff Capital Region City…

Most small and midsize business (SMB) owners have adopted new banking technology but are experiencing losses due to inflation. What’s more, 70% of SMB owners integrated new digital tools and strategies for their business in the past year, including online business banking tools, mobile apps and cashless payments, according to a report released this week…

Sixty-three percent of respondents to a recent survey think resetting their password is a huge inconvenience and 14% would rather be stuck in rush-hour traffic than reset their password. And ironically, at one institution, fraudsters were able to pass knowledge-based question barriers 92% of the time, while actual customers correctly answered the questions only about…

Lithuanian account-to-account (A2A) payments fintech kevin. raised $65 million in a series A round, the company announced Tuesday. Founded in 2018, kevin. facilitates card-free payments between banks and merchants and posits itself as a “leader” in web- and app-based A2A payments in Europe, according to a release. The fintech’s solution is API-based and does not…

There’s more to fintech innovation in Mexico than remittances. But this week’s fintech headlines from America’s nearest neighbor to the south have reminded of the major role that money transfer services play in the financial services landscape of nations like Mexico. Late this week, Western Union announced that it was teaming up with Pagaphone SmartPay…

Payment and transaction services company Worldline and credit decisioning firm Algoan are joining forces. The two are developing a credit assessment tool that will help lenders make better, faster, and more efficient lending decisions. The credit assessment solution will leverage Worldline’s open banking experience as well as Algoan’s credit decisioning expertise. Payment and transaction services…