Category: Doing Business Overseas

Payment and data security company Bluefin Payment Systems announced it will acquire TECS Payment Systems, an omnichannel payment solutions provider. Once the deal is finalized, Bluefin and TECS will serve a combined 34,000 merchants and close to 300 global partners in 55 countries. And for both Atlanta, Georgia-based Bluefin and Austria-based TECS, the acquisition will expand…

Subprime auto lender Consumer Portfolio Services (CPS) inked a pair of fintech partnerships in September to automate credit decisioning and servicing operations that will allow it to grow at scale without having to hire additional staff.  CPS’s partnership with cloud-based finance solutions provider Prodigal will streamline the Irvine, Calif.-based business through a suite of products…

In today’s digital world, effectively managing enterprise risk has become more complex and challenging than ever before. The added level of uncertainty due to the acceleration of online banking over the past few years does not make it any easier. As sobering stats continue to demonstrate, cybercrime is growing exponentially each year, as are the…

Amazon is launching a merchant cash advance tool in partnership with Parafin. The cash advance ties repayment to a percentage of the Amazon seller’s Gross Merchandise Sales (GMS). The program launches today for select U.S. businesses, and it will be available more broadly by early 2023. Right on the heels of launching its own insurance…

U.S. Bank launched a new suite of embedded payments solutions within Microsoft Dynamics 365. The collaboration embeds U.S. Bank payment capabilities across Microsoft platforms. U.S. Bank said it plans to embed additional payment capabilities within platforms such as Microsoft Teams and Microsoft Power Platform. U.S. Bank’s collaboration with Microsoft announced earlier this year has borne…

For many in the fintech industry, there are few things as scary as the economy right now. High inflation, lowered investor and consumer confidence, and political tensions are all contributing to an uncertain future. One of the largest impacts of this pullback in the fintech industry is seen in the drop in venture capital funding,…

JP Morgan Chase is working on a rent management tool for owners of multi-family housing buildings. The new tool, called Story, will enable landlords to send invoices, receive payments, track payments, view analytics, determine rent prices, and screen potential tenants. Story is currently in beta, but is expected to be released to a broad audience…

FinovateEurope alum nCino announced a partnership with U.K.-based Ashman Bank. The alliance will enable Ashman Bank to deploy nCino’s Bank Operating System to better serve its small businss customers in the U.K. property market. nCino is a publicly traded company on the NASDAQ under the ticker NCNO. The company has a market capitalization of $3.5…

BMO Harris Bank Head of Technology Syed Hasan is focusing on delivering an omnichannel experience for the bank’s business customers with an eye toward digital technologies in 2023.   The $167 billion Chicago-based bank began leveraging robot process automation (RPA) this year to drive efficiencies within the business to stay ahead of competitors, according to…

Truist Financial Corp. is launching a new division focused on innovation, the bank announced at Money 20/20 last week. Truist Foundry, the new unit, will function as a startup and will bring together teams from business, design, operations, product risk and technology “to deliver projects and serve the bank’s lines of business,” a Truist spokesperson…