Category: Doing Business Overseas

What a story this has been… First Elon wanted to buy Twitter, but Twitter didn’t want to sell. Then Twitter wanted to sell, but Elon didn’t want to buy. Twitter sued Elon, then Elon wanted to buy, but Twitter didn’t want to sell and kept suing Elon to buy. Well, now Elon Musk owns Twitter…

As different countries take different approaches to how they police cryptoassets, there have been calls for more international coordination on crypto regulation. The Financial Stability Board – a global financial markets standard-setter – has now proposed a framework aimed at greater consistency between emerging crypto regimes. The FSB is inviting feedback on its proposals by…

LAS VEGAS – Wells Fargo is increasing its credit decisioning automation in an effort to enhance dealer satisfaction in its auto business.   The bank’s automotive credit decisioning reached 70% automation in 2022, up from 50% in 2021, Head of Wells Fargo Auto Tanya Sanders said at the Auto Finance Summit on Thursday. “We spent the…

Amazon.com Inc. shares will fall another 28% and take longer to recover from a slump that has already wiped out $560 billion in market value, says BNP Paribas Exane’s Stefan Slowinski, the only analyst with a sell-rating on the e-commerce giant. Slowinski cut the stock’s 12-month price target to $80 per share, the lowest among…

Capital One is modernizing its tech stack and increasing automation using machine learning (ML) within the bank’s systems.  The $444 billion bank reported a 9% year-over-year increase in communications and data processing spend to $349 million during the third quarter, according to the company’s Q3 earnings presentation. The technology-focused investment will allow Capital One to…

LAS VEGAS — Bank of America’s volume of direct transactions completed through digital channels has reached 75%, Tim Owens, consumer vehicle lending executive, said Thursday at the Auto Finance Summit in Las Vegas. Customers “love digital car shopping, but when they want to speak to someone … they want to speak to someone in the…

Pakistan-based embedded finance platform Neem forged a strategic partnership with BPC this week. The first Pakistan fintech to be enabled by BPC, Neem will use the company’s SmartVista platform to power its embedded finance infrastructure. Neem is targeting the more than 200 million consumers and 3.3 million micro, small, and medium sized enterprises (MSMEs) that…

Global economic instability has made rough waters, and balancing the books nowadays is a tough job, to say the least. Conventional advice on how organizations should behave in a tumultuous economic environment has been to do everything possible to cut costs across departments and ride out the storm. However, paying little attention to furthering investments…

Even the Masters of the Universe can’t break into UK Retail Banking This is all about Goldman Sach’s somewhat forlorn attempt to break into the UK’s retail banking market with its Marcus initiative. Surely the Masters of the Universe with plenty of brains, deep pockets, plenty of confidence could brush away stuffy old outfits like…

Demo your latest fintech, finserv, or techfin innovation in front of 1000+ senior decision-makers. Apply by Friday, November 4 and save big on the demo fee.  For FinovateEurope 2023 (March 14-15, London), we’re selecting ~60 startup, established and public companies to demo over the first day of the event, March 14. And while time on the main stage…