Category: Doing Business Overseas
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Finovate Global France: Automating Payments, Extending Loans, and Collaborating on Crypto
This week’s edition of Finovate Global takes a look at recent fintech developments involving companies headquartered in France. First up is news that European Buy Now, Pay Later firm Alma has partnered with BNP Paribas and new Finovate alum Numeral to automate payments. “As part of our goal to create the most fluid and seamless…
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Citizens invests in Citizens Pay
Citizens Financial Group is making innovations based on customer value to ensure that its technology investment serves specific needs. “Innovation needs to start from the customer. What’s the need you’re trying to solve?” Brendan Coughlin, vice chairman and head of consumer banking at Citizens Financial Group, said this week at Fintech Nexus USA 2023 in…
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What banks are saying about AI
NEW YORK — Banks are looking into AI use cases within their operations, but many are proceeding with caution as they keep customer experience, data collection and, especially, regulation in mind. Financial institutions discussed AI within the industry at Fintech Nexus on Wednesday. They said: Provident Bank: Banks can use AI to gain a better…
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Expensify Now Facilitates Global Reimbursements
Expensify now enables business customers to reimburse international employees in multiple currencies. Expensify customers can send employee reimbursements in over 154 currencies and across 200+ countries. Today’s move also enables businesses to link withdrawal bank accounts in the U.K., Canada, Australia, and the European Union. Business expense management firm Expensify made a move this week…
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Showcasing Asian-American Leadership on the Finovate Stage
Asian-American entrepreneurs, founders, and technologists have been demoing fintech innovations on the Finovate stage from the very start. In 2008, the first year Finovate hosted fintech conferences on the West coast as well as the East, we were thrilled to showcase Weiting Liu of SocialPicks, Peter Pham of BillShrink, and Kenneth Lin of Credit Karma.…
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PNC rebuilding tech stack to add flexibility
PNC is rebuilding its technology stack to be more modern and flexible, Michael Degnan, head of enterprise innovation at PNC, said Wednesday at Fintech Nexus in New York. The $557 billion bank has nearly completed upscaling its tech to enable more agile decisions — especially when quick pivots are necessary, he said. For example, PNC…
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Experian Introduces New Fintech Data Network to Help Businesses Fight Fraud
Global information services company Experian launched a new fraud prevention solution this week. The new offfering is a fintech-focused version of its fraud prevention data network Hunter. Hunter takes a collaborative approach to fraud mitigation. The technology has saved businesses more than $6.5 billion a year in fraud losses. Experian is launching a fintech-focused version…
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Cable Raises $11 Million to Help Reduce Financial Crime
Cable received $11 million in Series A funding, boosting its total raised to over $16 million. Cable will use the funds to boost hiring and speed up its product development to help crack down on financial crime. Cable’s technology helps BaaS banks oversee their fintech partners to remain compliant. Financial risk control platform Cable announced…
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FinovateSpring 2023 Sneak Peek: Babbl
A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. Introducing Uptrends.ai from Babbl: A news and social media monitoring platform to help investors stay ahead and leverage market-moving chatter. Features Provides highly personalized news feeds (without the clickbait) Includes news sentiment, catalyst,…
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FinovateSpring 2023 Sneak Peek: Cloverly
A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. Cloverly is a technology platform for integrating climate action into financial products and is trusted by several financial institutions, like Visa, American Express, ecolytiq, and more. Features Flexible API for building innovative products…