Category: Doing Business Overseas

JPMorgan Chase & Co. and International Finance Corp. are leading a $27 million round of investment in KLYM, a data-driven fintech that focuses on providing working capital to small and midsize companies in Latin America. KLYM will use the capital to expand, with Brazil as the main priority in 2023, Diego Caicedo, co-founder and chief…

Union Credit is launching out of stealth mode with $5 million in Seed funding led by CMFG Ventures. The startup is launching in an exclusive partnership with CuneXus, leveraging the company’s continuous credit approval that facilitates loans in one click. The partnership with CuneXus will offer Union Credit access to CuneXus’ 250 credit existing clients…

Card issuing platform Marqeta launched its new web push provisioning solution. The new offering will enable consumers to pay for products directly from their mobile wallets without having to first download a mobile app – that may be rarely used again. The web push provisioning solution was inspired in part during Marqeta’s Hack Week event…

The combination of today’s uncertain macroeconomic conditions and the Consumer Financial Protection Bureau’s new open banking rule coming this year has consumers wanting quick access to cash from their banks under the watchful eye of regulators. Consumers want the ability to move their data and accounts from bank to bank without risk, especially amid rising…

Discover Financial Services’ Joe Mills, director of transformation strategy and automation, and Dan Ireland, senior manager of automation and businesses strategy, have joined Bank Automation Summit U.S. 2023 to speak on robotic process automation and automation operations. View the full agenda for Bank Automation Summit U.S. 2023 here. Photo by Bloomberg Mercury Mills will join…

PNC is planning to increase spending for its technology development program this year after reducing noninterest expenses through workforce cuts in the fourth quarter of 2022 in preparation for an economic downturn.   WHY IT MATTERS: Personnel-related expenses were down 5% year over year to $1.9 billion in Q4 but were up 8% sequentially, driven…

Layoffs that began in 2022 are accelerating across much of the technology world. The tech industry is slashing jobs at a pace nearing the early days of the Covid-19 pandemic. In November, the most recent month for which data is available, the sector announced 52,771 cuts, for a total of 80,978 over the course of the year, according to…

If you’re not familiar with OpenAI’s newest technology, ChatGPT, now is the time to spend a few minutes to sign up and play with the chatbot that has captured the world’s attention. ChatGPT leverages Generative Pre-trained Transformer 3 (GPT-3), OpenAI’s language generation model, and it is poised to disrupt a lot more than the customer…

Ingenico partnered with Fujitsu Frontech to authenticate customer identities and facilitate transactions using the palm of the customer’s hand for in-person transactions. To make a payment, customers hover their hand over a near-infrared sensor, which reads their palm veins to authenticate their identity and complete the payment using stored card credentials. The unique pattern of…

Mastercard and upSWOT announced an open banking partnership this week. The collaboration will enable upSWOT’s small business customers to access actionable insights and more readily secure financing. upSWOT made its Finovate debut in 2020 and returned to the Finovate stage in 2022 for FinovateFall. A collaboration between Mastercard and North Carolina-based fintech upSWOT will help…