Category: Doing Business Overseas

2022 is marking the beginning of an economic downturn. Consumers are feeling the pain associated with high inflation, corporations are seeing decreased stock performance, and startups are experiencing lower funding amounts, lower valuations, and lower M&A numbers. We recently reviewed FT Partners’ Q3 Quarterly Fintech Insights Report to take a look at how M&A activity…

Zenus Bank has tapped cloud-native core banking solution Finxact to scale its digital transformation.  The San Juan, Puerto Rico-based bank’s new platform is expected to launch in April 2023 with Finxact capabilities operating on the Microsoft Azure cloud, Pedro Martinez, Zenus Bank’s chief information officer, told Bank Automation News. “We needed to rely on modern…

SEON is giving away its fraud prevention tools for free. The free tier will include up to 2,000 API calls each month at a rate of two queries per second. “We’re determined to tackle fraud head on,” said SEON CEO and Co-founder Tamas Kadar. “This version will help us to serve a greater number of…

Throughout history, many events have taken place on October 31st, but I think time will show that the most significant event was the release of Bitcoin’s whitepaper by Satoshi Nakamoto. Last Monday, Bitcoin turned 14. Bitcoin was not the first attempt to create digital money. Like many other innovative technologies, Bitcoin stands on the shoulders…

Payments technology platform ConnexPay secured a $110 million investment last week from growth equity firm FTV Capital to help support technology enhancements and grow its international team, according to a release.  Minneapolis-based ConnexPay integrates payment acceptance and issuance inside a single platform using API documentation, according to the company’s website.  “With FTV’s proven track record…

Sometimes “futuretech” means technology that helps ensure that we actually have a future! This week we’re taking a look at recent initiatives in the fintech world to help promote sustainability. These efforts have been growing as more and more companies respond to customer concerns about the impact of their financial behavior on the climate. From…

U.S. Bank embedded its payment capabilities into enterprise resource planning (ERP) solution Microsoft Dynamics 365 this week, giving Microsoft business clients access to digital payment tools. “Embedded payments can deliver powerful new ways for businesses to streamline processes, enhance visibility, deliver better experience and reduce risk,” Bill Borden, corporate vice president of worldwide financial services…

The role of state-based organizations in helping foster fintech innovation in their communities is often overlooked. For years, one such organization, JobsOhio, has helped bring attention to the opportunities available to fintech entrepreneurs throughout the state of Ohio. The private development corporation also works to encourage investment in the state’s most innovative businesses – from…

Innovation or rip offs in the UK mortgage market? There are a lot of products in the UK mortgage market as rising interest rates have comme d’habitude caused panic among those who should know better. One mans panic is another ones opportunity and some interesting deals involving all kinds of clever tricks with interest rates…

Core provider FIS saw a slight increase in banking solutions revenue in the third quarter as demand for its technology offerings remained strong amid economic uncertainty. The fintech reported $1.6 billion in banking solutions revenue, up 4% year over year and 23% sequentially. Total revenue clocked in at $3.6 billion, a 3% YoY increase, according…