Category: Doing Business Overseas

Update: Binance has called off the agreement to buy FTX. If you’ve spent any time reading fintech news in the last 24 hours, you know that Binance has agreed to buy the non-U.S. unit of FTX. For those in the crypto world, this is a big deal. Why? It’s a riches-to-rags story– almost like crypto’s…

Digital engagement solution provider Agent IQ has raised $10 million in Series A funding. Agent IQ’s technology helps bankers develop more meaningful customer relationships by blending enabling technologies like AI with human talent, expertise, and empathy. Agent IQ made its Finovate debut earlier this year at FinovateSpring and returned to the Finovate stage in September…

Tonik is adding two new loan products to its suite of banking tools. The new offerings include Flex Loan, an unsecured personal loan, and Big Loan, a home equity line of credit. Tonik received the first digital bank license issued by the Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP). Tonik is one of the…

Automation fintech Open Lending’s certified loan volume decreased for the second consecutive quarter in Q3 following six quarters of growth.  Total certified loans, or “certs,” decreased 5.3% sequentially and 14.5% year over year to 42,186, according to the fintech’s earnings presentation. Credit unions and banks accounted for 86% of certs while OEM certifications made up 14%.  “In the third quarter,…

Here is our pick of the 3 most important stablecoin stories during the week. The What, How and When of CBDC’s in the west.  This week we decided to do a deep dive in CBDC’s and in particular the many projects facilitated by the BIS.  Yes China has an extensive trail and a number of other…

Finastra has announced a strategic alliance with Ohio point-of-sale (PoS) financing and Buy Now, Pay Later (BNPL) company Jifiti. The alliance will bring new PoS financing capabilities to financial institutions in Finastra’s Banking-as-a-Service ecosystem. Finastra was formed via a merger between Finovate alum Misys and D+H in 2017. Just last week we highlighted the state…

Financial institutions approaching the $10 billion asset threshold are leveraging automation and APIs to ensure they have proper governance in place ahead of increasing regulator scrutiny. “Banks must have the ability to pull all of the data and information that regulators expect when they come in and start asking their questions,” Anna Kooi, national financial…

Core provider Jack Henry has launched a person-to-person (P2P), open-loop payment solution that allows the transfer of money regardless of whether a transaction takes place on the same network.  The real-time payment solution gives customers a way to use their local bank to send and receive funds, allowing smaller financial institutions (FIs) to compete with…

Checkout.com and Shieldpay announced a partnership this week. The collaboration will bring Checkout.com’s merchant clients more transaction processing options, including digital escrow. This official partnership announcement comes a year after Checkout.com and Shieldpay first started collaborating. Global payments platform Checkout.com and digital payments solutions provider Shieldpay have aligned this week. The two have joined forces…

Real-time payments software company ACI Worldwide has appointed Thomas Warsop as its Interim Chief Executive Officer, effective immediately. Warsop was formerly the non-executive Chair of the ACI Worldwide Board of Directors. He replaces Odilon Almeida, who was the company’s CEO from March 2020 until now. Almeda was named CEO after Philip Heasley – who had…