Category: Doing Business Overseas

Netscape released cookies technology  28 years ago on October 13, 1994. This spawned a vast industry that some call surveillance advertising (more politely referred to as targeted advertising or behavioural marketing) that powers the Internet that we use every day. The blowback from 28 years of cookies advertising technology will start with 3rd party cookies…

It’s been two years since I started my first post on dailyfintech.com with, “Hardly anyone would argue that change and innovation are not necessary in insurance. The $5 trillion global insurance industry is large, complex and capital intensive. With various relatively untapped market segments and under-penetrated world regions, the onset of PE/VC investments did herald…

Banking customers are embracing digital platforms to access their accounts and pay their bills, and more than one-third are looking to adopt digital banking as their primary form of banking within the next six to 12 months, according to a recent poll conducted by $139 billion KeyBank. Thirty-six percent of more than 1,500 Key customers…

Cross border payments company Airwallex raised $100 million on a valuation of $5.5 billion. The funding round was an extension of the company’s Series E round. Airwallex has raised a total of $900 million in funding. Headquartered in Melbourne, Australia, Airwallex was founded in 2015. Co-founder Jack Zhang is CEO. Cross-border payments company Airwallex has…

Currency management automation innovator Kantox has agreed to be acquired by BNP Paribas. BNP Paribas will pay $133 million (€120 million) for the London-based company, which made its Finovate debut in 2013 at FinovateEurope. BNP Paribas said the acquisition represents its commitment to building, long-lasting relationships with fintechs. London-based, currency management automation company Kantox has…

Enthusiasm for cryptocurrencies has settled down from its peak a year ago. But innovation in the space continues undaunted. Today we learned that one of the pioneering companies in digital assets, Coinbase, has forged a strategic partnership with Google Cloud. The partnership calls for Coinbase to use Google Cloud as its strategic cloud provider for…

Citi Treasury and Trade Solutions, a division of Citi’s Institutional Clients Group, announced plans to launch 24/7 Clearing in the fourth quarter, a service allowing its 1,500 financial institution clients to make cross-border payments at any time of day. “As entire business modes of our clients and clients’ clients shift to 24/7 models, it became…

ORLANDO, Fla. — Evaluating a candidate’s competency is key to the hiring process, and a step that financial institutions must take to combat attrition, Ginny Clarke, the former director of executive recruiting at Google, said during a keynote address at the 61st annual Equipment Leasing and Finance Association (ELFA) Convention in Orlando, Fla., on Monday.   Clarke defines competencies as “the…

Here is our pick of the 3 most important stablecoin stories during the week. CBDC’s, Hacks and Wrappers!! This week was busy in a number of areas as Innovators keep pushing the envelope and have various slip ups as sloppy code or design are exposed. First on the CBDC front, The Reserve Bank of India (RBI)…

Banking software firm Alogent has acquired document imaging and tracking software company AccuSystems. Terms of the deal were not disclosed. Adding AccuSystems’ technology will help Alogent expand to new market segments. Banking software firm Alogent announced this week it has acquired AccuSystems, a document imaging and tracking software company. Terms of the deal were not…