Category: Doing Business Overseas

As new and disruptive technologies blur the lines of competition between traditional banking, big tech, and fintech in an industry that shows no mercy to those slow to embrace change, it’s time to put legacy assumptions on the table. It’s time to modernize technology to disrupt the disruption. And that starts by putting people first.…

This post is sponsored by Investor Cash Management Investor Cash Management (ICM) is working with Delaware State University to help the university promote financial wellness. Among ICM’s other partners are BNY Mellon, PIMCO, Visa, Trusted Capital Group/HUB Financial, and the National Education Association. Originally headquartered in Chicago, ICM relocated its headquarters and customer service center…

HSBC and Oracle NetSuite are partnering to provide automated, B2B payment services to help business address time-consuming accounts payable (AP) processes. The companies recently unveiled the NetSuite AP Automation system, which automates data capture and payment and reconciliation, allowing organizations to process invoices more quickly. The tool embeds banking services into a cloud enterprise resource…

Financial institutions can avoid becoming the next victim of a costly cyberattack by leveraging automation and existing legislation. Automation can help to mitigate risk when handling personal client information by storing records efficiently and securely, Kayne McGladrey, senior member of professional association for electronics engineers IEEE and field chief information security officer at Hyperproof, told…

Lemonade is expanding into the U.K. today. Today’s global expansion marks Lemonade’s fourth European country. In addition to the U.S. and U.K., Lemonade is also available in France, Germany, and the Netherlands. Lemonade entered the insurance sector with its flagship renters insurance offering in 2015 and now has a market capitalization of $1.54 billion. U.S.…

A financial institution serving area creatives, Nashville, Tennessee-based Studio Bank has partnered with Corserv. The credit card issuing program provider will enable Studio Bank to launch a comprehensive credit card program featuring virtual cards, automated credit decisioning, and more. Founded in 2018, Studio Bank is the first newly chartered de novo bank to launch in…

When it comes to supporting customers online, strong business rules and smart digital routing may not be something that even crosses your mind. However, these little understood, behind-the-scenes instruments can make the difference between a competitive organization and one that struggles to keep up with customer needs.  In their simplest form, business rules provide the…

A week ago, Nayib Bukele opened his speech at United Nations General Assembly, saying: “I bring you greetings from the land of surf, volcanoes, coffee, peace, bitcoin, and freedom.” Last year, El Salvador became the first country in the world to adopt Bitcoin as a legal tender. During this time there has been no shortage…

Embedded finance platform provider Shaype has raised $21.3 million in a series C funding round led by investment firm Regal Fund Management. The platform provides single API access to services for card payments, know your customer, data insights and real-time transaction monitoring across payment channels, according to the Sydney-based fintech’s website. “Shaype is at the…

Bank of America, Fifth Third, Truist and Wells Fargo are directing clients affected by Hurricane Ian to online and mobile apps for 24/7 access to banking. The hurricane, which made landfall in Florida on Wednesday with Category 4 winds, has left more than 1.8 million people without power in at least 20 counties in the…