Category: Doing Business Overseas

Automation fintech Open Lending has expanded its maximum auto loan terms as more consumers are priced out of the market.  Lenders using Open Lending’s artificial intelligence-powered underwriting can now offer 84-month loan terms for near and nonprime borrowers on new and used vehicles that are up to four years old with less than 60,000 miles, representing a…

[embedded content] At FinovateFall earlier this month, I sat down with author Vivek Bedi who delivered a keynote presentation later that week, to gain some insights on the customer experience. Specifically, Bedi discussed how organizations can shift from a product focus to a customer focus. See his answer below and watch the video in its…

Citizen developers could prove essential for financial institutions (FIs) looking to ramp up automation efforts while avoiding compliance pitfalls. Banks that test applications using low-code platforms before pursuing full implementation can help free up valuable IT resources. However, fully entrusting citizen developers to integrate software such as Salesforce into core systems is risky, Tracie Cleveland…

Bhavin Turakhia is co-founder and CEO of Zeta The pandemic precipitated a surge in contactless payments as most commerce shifted online and significantly accelerated the move to digital in the retail payments industry. More than 75% of Americans use some form of digital payment, with more than 50% of U.S. consumers shifting purchases online from…

Taulia and Standard Chartered signed a Memorandum of Understanding to collaborate on working capital finance solutions. The partnership will initially focus on supply chain finance and dynamic discounting. The agreement will offer Taulia access to Standard Chartered’s global client base. Supply chain finance company Taulia has inked an agreement with Standard Chartered this week. The…

Open banking is predicted to grow nearly 680% by 2026 to 304 million users as regulations, technology and consumer awareness of their data improves. Along with growth in usership, open banking payments are expected to reach $116 billion by 2026, up from $4 billion in 2021, Ryan Christiansen, senior vice president of data at Mastercard’s…

PPP App By Numbers PPP application deployed to 28 Credit Unions 8,000 applications processed 3,000 loans approved $130 million PPP loans to small businesses Massively reduced back-office work for credit unions Performance in the Spotlight From the perspective of Corporate One’s central IT team, the performance has been equally impressive. The automatic dependency checks and…

Data firm Cinchy unveiled the Credit Union Edition of its Cinchy Dataware Platform today. The solution is made specifically to help credit unions easily access and leverage their data without having to replace their core banking system. Cinchy won Best of Show for its demo at FinovateFall 2019. Data access and control firm Cinchy unveiled a…

In this 4th Industrial Revolution, platforms have supplanted traditional companies as wealth creators while intangible assets have replaced heavy machinery. Comprising 90% of S&P 500’s $28.94 trillion market value, intangible assets present an immense, largely untapped opportunity for insurance industry to develop new and complementary products and services. Currently, the industry offers intellectual property insurance…

The Daily Fintech Week Ended 23rd. September 2022 The Pound is supposed to have sunk? What surprises me here is the way this event is reported by the British press. The pound is weak against the dollar and a number of other currencies but it is the strength of the dollar that is the real…