Category: Doing Business Overseas

I was just reading an article in Techcrunch about Orange DAO, a decentralized autonomous organization founded by alumni from YCombinator that raised $80 million to invest in early-stage startups. The organization has roughly 1,300 members and in the last nine months has invested in 90 startups. A DAO (“Decentralized Autonomous Organization”) is a blockchain-based structure…

TD Bank launched a partnership Tuesday with fintech DailyPay to offer its commercial clients a real-time pay solution. The bank’s business clients can now offer their employees real-time access to their earned wages, according to a TD Bank release. “The technology is typically API integration,” Paul Margarites, head of commercial digital platforms at Cherry Hill,…

Payment operations platform Modern Treasury is partnering with Goldman Sachs Transaction Banking to provide mutual corporate customers with an integrated money movement solution. The collaboration has been in the works since the fourth quarter of 2021 and took 19 months to complete. Clients can streamline embedded domestic and international payments using the San Francisco-based platform’s…

The US Consumer Financial Protection Bureau released a sweeping report warning that the burgeoning “buy now, pay later” industry needs fresh regulation to address industry practices. CFPB Director Rohit Chopra said he’s ordered staff to identify surveillance policies in the industry that need to be curtailed, including the collection of consumers’ purchase and demographic data…

The 2022 Finovate Awards winners have been unveiled! At a gala dinner and ceremony, we celebrated the 23 winners. The evening kicked off with cocktails, followed by dinner and entertainment. Below are the winning companies and individuals in each category, listed in alphabetical order. Drumroll please… Best Alternative Investments Solution: CAIS Best Back-Office / Core-Service…

As banks deal with increasing pressure from stakeholders and lawmakers to reduce their carbon footprint, automated emissions-tracking software providers stand ready to capitalize. Environmental sustainability in banking is especially suitable for automation since it is about collecting and analyzing data from activities such as utilities and vehicles, Kate Drew, director of research at CCG Catalyst Consulting Group,…

Banks including Goldman Sachs Group Inc. and Citigroup Inc. are stepping in with loans as Latin American startups face shrinking public valuations that make equity sales less attractive. Small startups such as Brazilian fintech Agi, known previously as Banco Agibank SA, and Chile’s Xepelin Holdings SA, as well as bigger firms such as digital retailer…

Being in the payment industry for nearly two decades, now, more than ever, we are seeing consumer experience and the demand for self-service solutions causing significant growth in online and mobile payments. Particularly, in the last couple of years, we’ve seen self-service channels are growing at about three times the rate of “agent-led” calls. There are…

Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1  SEC adopts inline XBRL for Pay vs Performance disclosures The US Securities and Exchange Commission (SEC) has published its final rule on Pay Versus Performance, introducing digital disclosures in Inline XBRL. These comprise…

Blockchain technology and cryptocurrencies became an important part of the fintech industry. Especially for what concerns Gen Z, the demand for cryptocurrencies is quite high, and the reasons behind this are mainly related to pseudonymity or anonymity – depending on the crypto project, decentralization, and a major control over financial assets. But the same generation…