Category: Doing Business Overseas

Societe Generale will become a majority stakeholder in U.K.-based payment processor PayXpert. The acquisition will help Societe Generale adapt to new consumer behavior stemming from the use of new technologies such as Buy Now, Pay Later. In turn, PayXpert’s merchant clients will benefit from additional payments, financing, and insurance solutions. France-based investment bank Societe Generale…

The over valued dollar and what the impact will be. As far as lenders are concerned the only story worth talking about at the moment is the current and completely unjustified strength of the US dollar against practically every other currency. Of course in the UK and the Eurozone there are other complicating factors  which…

Private Equity Firm EQT has agreed to acquire B2B accounts receivable and payments company Billtrust. The deal is expected to close in the first quarter of next year for $1.7 billion. This move will take Billtrust back to a privately-held company, following its public debut on the NASDAQ in 2020 after closing a SPAC merger.…

Teslar Software is preparing to launch a new indirect lending solution for community banks. The Springdale, Ark.-based software-as-a-solution (SaaS) platform showcased its new product, which automates and digitizes the underwriting process, during the recent FinovateFall 2022 in New York City. “The goal is under 30 minutes that banker underwrites, makes a decision, and it goes…

Investments in fintechs dropped in the first half of 2022 compared with high funding volume in 2021 as interest rates continue to rise. However, investors are setting their sights on financial technology firms that have strong proven business models. Fintech startups raised $50.7 billion in the first half of 2022, down 23% year over year,…

Open banking platform BankiFi has named Danny Piangerelli its chief technology officer. BankiFi launched in North America in June and is looking to digitize and automate processes for small businesses, Piangerelli told Bank Automation News. “Small businesses don’t care about the minutiae of accounting, they care about getting paid and understanding where their money is,…

This is a sponsored post by Tim FitzGerald, EMEA Financial Services Sales Manager, InterSystems, Gold Sponsors of FinovateFall 2022. In today’s fast-moving landscape, financial services firms are under increasing pressure to remain competitive and generate more revenue by developing new products and services faster, while still leveraging their existing resources. In recent years, this has…

Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1  Call for tenders – developing the XBRL taxonomy for the first set of ESRS ​The Corporate Sustainability Reporting Directive (CSRD) requires the adoption of EU Sustainability Reporting Standards (ESRS) to be developed by EFRAG. In…

Workers’ compensation (WC) claims can significantly dent a business’s productivity and margins. Out-of-work employees coerce company leaders to manage with inadequate workforces while training replacement staff and augmenting employee safety. The average cost for a WC claim is $41,003. A leading WC risk is ergonomics-based incidents, including manual material handling and repetitive upper extremity movements…

Traditionally, we’ve talked about Amazon, Google, Apple, and Meta (formerly known as Facebook) as big tech companies with the potential to rise up as competitors in the banking and fintech space. However, there is one giant that is worth adding to this list– Walmart. Walmart is not a fintech company, or even a tech company,…