Category: Doing Business Overseas

Credit card company Yonder has tapped regtech company Cable to enhance its financial crime compliance. “Now we’re starting to scale our member base, we needed a solution that could ensure our regulatory compliance as we grow,” said Yonder Cofounder and Chief Risk Officer Theso Jivajirajah. Cable demoed its automated assurance technology at FinovateFall 2022 in…

Ideal Credit Union launched data analytics solution Segmint on its Alkami digital banking platform in December to offer a customizable experience for its members. Segmint, which was acquired by Alkami in April 2022, uses account transaction data to enable an FI to “get the right offer to the right people at the right time,” Alisha…

Infrastructure enabling instant account-to-account payments has existed for several years but consumers and banks in the EU have been relatively slow to pick it up. The European Commission has proposed changing the law to spur a more radical shift. The plans involve requiring nearly all banks to provide affordable instant payment services to their EU…

It can be difficult to pin down a birth year for fintech, but no matter how you look at it, our industry has come a long way. I was recently reminiscing and found a post published in 2003 by Finovate Founder Jim Bruene titled, The 10 Most Significant Innovations & Developments of 2003. These developments,…

Financial institutions continue to upgrade their mobile offerings as consumer expectations require self-service capabilities. For example, Citizens Financial Group and Fifth Third Bank at the end of last year announced plans to launch new mobile apps amid rising digital usership. The following federal credit unions, too, have switched mobile banking providers, according to an FI…

Income data verification company Argyle has secured accreditation from the Professional Background Screening Association (PBSA). The 880+ membership organization was founded in 2003 and helps keep screening firms up to date on new legislation and industry best practices. Argyle made its Finovate debut at FinovateSpring in May of last year. Real-time income data platform Argyle…

We are pleased to launch our Fintech Legal Outlook 2023 which explores the key legal and regulatory developments we expect to see in the fintech space over the coming year.   Disruptive forces are shaping the outlook for 2023 Macro market headwinds are impacting the sector and the crypto winter is leading to increased regulatory activism…

U.S.-based banking association and payments network operator The Clearing House appointed a new CEO this week. David Watson will assume the leadership position from Jim Aramanda, who will retire at the end of this month. Watson comes to The Clearing House from SWIFT, where he served as Chief Product Officer. The Clearing House (TCH) is…

To close out 2022, we highlighted our upcoming FinovateEurope Alumni Alley showcase. This event, part of FinovateEurope in London, March 13 through 14, will feature the companies that made their Finovate debuts at our annual European conference. Find out more about Alumni Alley and how you and your company can take advantage of this unique…

St. Mary’s Bank, a credit union headquartered in New Hampshire, has teamed up with credit risk specialist AKUVO. The nation’s first credit union, founded in 1908, St. Mary’s Bank will deploy AKUVO’s Aperture to automate and enhance its collection operations. With $1.5 billion in assets, St. Mary’s Bank said goodbye to its eighth CEO in…