Category: Doing Business Overseas

Recession. Widespread staffing shortages. Increasing fraud. Customer demands — and advancements in technology like we’ve never seen. We’ve learned a lot about the current industry landscape so far in this first quarter alone, but there are still questions that loom large. Such as: Will the threat of fraud ever go away? Can my call center…

Banking technology company Sandstone Technology appointed a new CTO this month. The company unveiled today it has selected Anthony McKew to fill the role. With more than 35 years of experience in banking and technology, McKew has worked for companies including Linkly, Premier Technologies, and SecurePay. He has expertise in designing and managing enterprise-grade platforms for…

Bank of America, Citi, Credit Suisse and JPMorgan have launched a syndicated loan platform solution that captures bank data in real time. The new platform, Versana, aggregates and normalizes data from member banks to create straight-through processing in the $5 trillion syndicated loan market, Versana Chief Executive Cynthia Sachs told Bank Automation News. Nearly five…

Banks are looking to use AI to improve their financial literacy following Microsoft’s $10 billion investment in OpenAI and their ChatGPT technology.  ChatGPT technology is “a forerunner and a new class of artificial intelligence that’s basically composing written dialogues and could lead to endless possibilities for banks,” Joe Robinson, chief executive, and co-founder at customer…

Business spend and procurement management company PayEm raised $220 million this week. The round consists of $20 million in Series A equity funding and a $200 million warehouse debt facility. The equity portion brings PayEm’s total equity funds to $47 million. Business spend automation and procurement management platform PayEm brought in $220 million in combined…

Payments platform Trustly announced a strategic partnership with Sweden’s Nordnet. The partnership will enable Nordnet customers to easily and securely deposit funds using Trustly pay-ins. Trustly, which made its Finovate debut at FinovateEurope 2013, was acquired by Nordic Capital in 2018. A new strategic partnership between open banking, account-to-account (A2A) payments platform Trustly and Nordnet…

Grasshopper Bank is partnering with finance automation platform Ramp to provide virtual and physical corporate cards with a host of features to its business clients.  The $606 million digital bank and fintech worked together over the last six months to provide the bank’s small- and medium-sized business clients with digital tools using Ramp’s automated platform,…

Microsoft Corp. is investing $10 billion in OpenAI, whose artificial intelligence tool ChatGPT has lit up the internet since its introduction in November, amassing more than a million users within days and touching off a fresh debate over the role of AI in the workplace. The new support, building on $1 billion Microsoft poured into…

HSBC USA’s Tom Halpin, head of global payments solutions in North America, is focused on listening to customer needs as the bank prioritizes digital-first engagement. Tom Halpin, HSBC USA The $167 billion bank, owned by $2.9 trillion, London-based HSBC Holdings, is looking to fintechs, innovations from its global counterparts, and emerging digital technologies for inspiration,…

Ping Identity has forged a partnership with device identification platform Fingerprint. The partnership will integrate Fingerprint’s device identification technology into Ping Identity’s identity orchestration service, DaVinci. Ping Identity made its Finovate debut in 2016 at FinovateEurope in London. Ping Identity, which made its Finovate debut at FinovateEurope in 2016, announced a partnership with U.S.-based identity…