Category: Doing Business Overseas
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Galileo Becomes a Preferred Technology Partner for Mastercard in LatAm and the Caribbean
Galileo Financial Technologies, a subsidiary of SoFi Technologies, Inc. (NASDAQ: SOFI), and Mastercard have announced the formation of a multi-year strategic alliance focused on accelerating digital transformation and improve access to financial opportunities for unbanked and underserved segments in Latin America and the Caribbean. The most innovative companies in Latin American markets are developing solutions that…
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Revolut’s $33B bank app hits a roadblock in Britain
Nikolay Storonsky, once a championship swimmer in his native Russia, doesn’t like to hang around in the slow lane. His $33 billion fintech Revolut Inc. has a neon sign in the office telling staff to “Get Shit Done.” Nikolay Storonsky, chief executive officer of Revolut Ltd. Photo by Luke MacGregor/Bloomberg Mercury It was in this…
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Over 8 in 10 People Believe the Metaverse Will Be a Part of Their Jobs in the Future
Over the last six months, the metaverse has developed from a barely-known concept, one largely associated with a fictitious world like that of Ready Player One, to the subject of endless opinion, explainers and debate. This is best seen by the fact Google search interest in metaverse jobs has risen by 938 per cent according…
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Volvo To Discuss Embedded Finance With Railsbank at Open Banking World Congress This Month
Embedded finance continues to be a hot topic for brands and customers alike. From delivering financial services when and where they are needed, such as in-app payments, embedded finance is now evolving into something much more powerful. This power has recently been realised by the car company Volvo, which has launched its own car subscription…
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Ransomware Attacks Rise by 78% Between 2020 and 2021 Finds StockApps
In 2020, ransomware attacks hit 37 per cent of businesses. Following the rise in digital fraud due to the pandemic, in 2021 this number rose by 78 per cent as 66 per cent of businesses were hit with the digital attacks, according to StockApps, the educational hub for beginner and experienced investors. From the analysis,…
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This Week in Fintech ending 6th May
This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis…
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How Are the Arrivals of New Regulations, Like PSD2, Shaping Technology?
Like brakes to a bicycle, fintech must exist within the realms of regulation if it is to ditch its ‘wild west’ persona. Indeed, the adoption of various elements of the industry, like cryptocurrency, has ultimately suffered due to the lack of regulation that surrounds and supports them. Throughout the entire month of May, The Fintech Times will…
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Yobota Finds 80% Of Financial Organisations Seek Feedback From User Base to Improve Services
London-based technology company Yobota commissioned an independent survey of 251 senior decision-makers at UK-based banks, finance companies and financial services firms, and found that in order for products to keep pace with evolving demands, financial organisations must consider risk aversion and small investment limitations. The survey found that 71 per cent have developed a new…
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Alt Lending week ending 6th May 2022
When you’re looking for a long term relationship you shouldn’t go on first impressions. This was the strapline from an advertisement from an asset management company that proudly stated that “ No one knows Smaller Companies like we do”. I couldn’t let this pass me by as they also mention that they have a large…
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TD Bank makes embedded finance play, eyes expanded automation capabilities
TD Bank will soon automate enterprise resource and cash management processes for its commercial customers in an embedded finance move. The Cherry Hill, N.J.-based TD Bank, a subsidiary of the $1.73 trillion TD Bank Group, has selected enterprise resource management fintech FISPAN to embed TD Commercial digital banking products into an automated digital platform, according…
