Category: Doing Business Overseas

Financial solutions provider Finastra announced a strategic collaboration with digital trade finance network Contour. Finastra also announced a partnership with India’s Kotak Mahindra Bank, bringing its Unified Corporate Portal solution to support the institution’s corporate banking portal Kotak FYN. Formed via a merger between Misys and D+H in 2017, Finastra also recently announced the appointment…

Think of this less like one of those WikiHow articles you pilfer through when you don’t know how to dance at a wedding or fix a flat tire (although these skills are very, very important) and more like an Atul Gawande checklist to building a modern Treasury Services department at a bank. Do you use…

Fast forward to 2140, when all 21 bitcoins are in circulation, what will happen to the network? Will miners continue to secure the network when the reward goes away? The Bitcoin network was created around the principle of controlled supply —only a specific number of Bitcoins are minted each year until the total number of…

Microsoft on Tuesday announced new capabilities within its Cloud for Financial Services platform aimed at assisting financial institutions (FIs) with compliance and delivering digital services. FIs like Wells Fargo and National Australia Bank are already using the new platform to meet compliance needs using security controls, Bill Borden, corporate vice president of worldwide financial services…

Tiger Global is looking to raise $6 billion for its next venture capital fund. The New York-based hedge fund recently invested in GrubMarket, ServiceUp, FlatLife, Zopper and Opto Investments in September, according to Crunchbase. The $6 billion ask, which was reportedly disclosed in a letter to investors this week, is less than half of its…

The Clearing House (TCH) continues adding financial institutions (FIs) to its real-time payments (RTP) network, as consumers and businesses gain a better understanding of the payment model to leverage B2B, B2C and ”me-to-me” payments. As of Tuesday, 269 FIs were live on TCH’s RTP network, up from 258 in the second quarter, Cheryl Gurz, RTP…

Hong Kong-based digital asset investment startup xalts received $6 million in funding. The round was co-led by Citi Ventures and Accel. The investment marks a first for Citi; it is the first digital asset manager in which the bank-owned venture firm has invested. Digital asset investing company xalts landed $6 million in funding in a…

Do regulators really understand what they are doing? Last weeks market shenanigans were a real sight to behold. The story that shook me was the fact that the rapid rise in interest rates as a result of market overreaction to the economic change of direction signalled had cause interest rates to rise rapidly. We then…

From Open Banking to Embedded Finance, there are more ways than ever for financial institutions and financial services providers to embrace digital technology and bring better, more personalized, and easier to use financial products to market. One company that is playing a role in helping businesses make the most of the latest innovations in financial…

Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1  What needs to be done on data quality? FRC reviews first mandatory ESEF year The FRC Lab, part of the UK’s Financial Reporting Council (FRC), has released a valuable analysis drawing out…