Category: Doing Business Overseas

Here is our pick of the 3 most important stablecoin stories during the week. CBDC’s are still marching, but is it Tokenization that is playing the tune.  This week we saw a number of announcements on further progress being achieved with the many CBDC experiments taking place around the world.  While Crypto burns in the dumpster…

As we approach the end of the year, it’s time to sit back with a fresh cup of tea, look out the window at the falling snow, and…think about what a significant year it’s been for fintech, of course!  2022 was a turbulent year in our industry. The past year offered real solutions to significant…

Company treasurers and chief financial officers are worried about access to cash and the risks associated with keeping cash on hand amid drastic changes to the investment market during the past six months that have followed the pandemic, stimulus payments and rising inflation. “Everything you knew about investing, which really means zero rates on cash…

Bank Automation Summit U.S 2023 is pleased to offer attendees the opportunity of a customized conference experience featuring two engaging tracks to choose from: Advanced Technology and Advanced Strategy. Photo by Whitney McDonald/Bank Automation News The Summit will take place March 2-3 in Charlotte, N.C., at the Westin Charlotte. See the full agenda here. The…

Bank of Montreal (BMO) is looking to modernize its technology stack by investing in cloud architecture and tech talent.  WHY IT MATTERS: The $805 billion bank saw a 4% year-over-year bump in expenses due to “higher employee costs and technology investments,” Tayfun Tuzun, chief financial officer at BMO, said during the bank’s fiscal fourth-quarter earnings…

LONDON — The U.K. government is stepping in to ensure continuity of bank services for isolated communities and vulnerable, elderly or financially excluded customers with its new access to cash legislation, which is part of its imminent Financial Services and Markets Bill. Bank branches are still needed for legacy non-digital banking customers, “but less often…

Wells Fargo launched a new digital banking platform, Vantage, for commercial, corporate, and investment banking. Vantage leverages AI and machine learning to deliver more personalized recommendations and actionable insights based on clients’ unique needs. The new offering comes as part of Wells Fargo’s digital transformation efforts, which include the launch of a new consumer mobile…

Sunrise Banks Chief Information Officer Brett Cooksey is focused on digitization, strategic fintech partnerships and automation for improved customer experience. The $1.96 billion bank counts more than a dozen fintech partners, including credit builder solution Self and document automation platform Anvil. The bank has “several more partnerships in mind,” Cooksey said. Bank Automation News recently…

Core provider Temenos is growing its international footprint as more financial institutions (FIs) turn to its microservices and API-powered technology amid increasing cloud adoption.   Temenos’ expansion in areas like the Middle East is largely due to FIs integrating cloud architecture — a departure from traditional banking norms in the region, Robert Wint, senior product director…

This is a sponsored post by Tim FitzGerald, EMEA Financial Services Sales Manager, InterSystems The use of analytics within the financial services sector has evolved over the years, with some suggesting that it could be about to evolve even further, moving from a landscape where decisions are “data-dictated”, rather than “data-informed.” There is a distinct…