Category: Doing Business Overseas

Dean Kontul, executive vice president and chief information officer, KeyBank Dean Kontul, executive vice president and chief information officer at KeyBank, will join the panel discussion “Advances in business intelligence for banking” at the Bank Automation Summit U.S. 2023 on Thursday, March 2, at 1:30 p.m. ET. The Summit will take place March 2-3, 2023,…

Cybersecurity threats that place bank information and personal data at risk are on the rise as the holiday shopping season officially kicks off with Black Friday and Cyber Monday. Cybercriminals are targeting online shoppers by scraping sites for credit card and banking data, according to a recent report by cybersecurity firm Kaspersky, which monitored cyberthreat-related…

Miami, Florida-based neobank Novo raised $35 million in funding, taking its Series B funding round to $125 million. The Series B raises Novo’s total equity funding to more than $170 million. The latest capital infusion comes from GGV Capital, which manages more than $9 billion in investments across North America, China, Southeast Asia, India, Latin…

Perhaps the Nasdaq’s doldrums will turn the attention of the nation’s top IT talent from tech to a banking industry in dire need of their services.  Kris Kowal, global retail banking lead, SAP America Perhaps, but don’t bet the company on it. In a banking business rolling out steady streams of innovative, technology-dependent products amid…

The downside to a crypto collapse – The Spectator 19th November 2022  Right of Centre publication The Spectator magazine makes an interesting point in the aftermath of the collapse of FTX. The author is a traditional and well-respected Banker who has no truck whatsoever with Crypto currencies however the point he makes is quite valid.…

U.K.-based fraud and financial crime prevention company Featurespace secured funding to help build an AI-powered prototype to fight money laundering and other financial crimes. The funding comes from both the U.S. and U.K. governments, and is part of an initiative supported by Innovate UK, the U.S. National Science Foundation, and messaging network SWIFT. Featurespace made…

One of the first banks to leverage a new secure ID validation process for digital account opening from core provider Jack Henry and AI-powered identity verification platform IDScan.net is $27 billion Simmons Bank. The partnership on Jack Henry’s OpenAnywhereTM platform aims to deliver a frictionless mobile onboarding experience for Jack Henry clients, with ID scanning…

American Express and digital payment platform Square are teaming up to launch a credit card for Square merchants on the AmEx network.  The expanded partnership will better support small businesses by organizing expenses and managing cash flow, according to a release.  “Our brands will offer a credit-card product specifically designed for Square sellers, backed by…

Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins are the Canary in the Crypto coal mine!  This week we continue to see the shakeout from the FTX implosion and stablecoins point to it continuing for some time yet.  Binance, Crypto.com and OKX suspended deposits in Circle’s (USDC) and Tether’s…

Raleigh, N.C.-based First Citizens Bank is leveraging the services of a fintech to offer search personalization and improve the customer experience. The $108 billion bank has a search bar in the middle of its homepage for easy navigation. The search option brings answers to client questions “without clicking a bunch of blue links,” Shane Closser,…