Category: Doing Business Overseas

Santander Bank appointed Pierre Habis to the newly created role of chief consumer and digital transformation officer in June, expanding his responsibilities to include oversight of the bank’s digital transformation. Pierre Habis, chief consumer and digital transformation officer, Santander Bank The $102 billion bank is focusing on modernizing its technology stack, which includes the launch…

Verimore Bank, formerly First Missouri Bank, recently underwent a complete core conversion that focused on enhanced digital offerings and in August rebranded to better reflect its ability to deliver advanced technology services. The $377 million Missouri-based community bank is now able to provide tech-focused mobile and business banking “a little more seamlessly,” Chief Executive Kristie…

Revolut Ltd. is launching a one-click payment feature in a bid to rival PayPal Inc. and other tech giants at online checkouts. Revolut Pay has signed up retailers including Shopify Inc., Prestashop, WH Smith Plc and Funky Pigeon, and will be available within the airline industry in the coming months, according to a statement from…

Over the last decade, neobanks and fintechs have established themselves as key players in the financial industry, with more customers than ever before choosing their services over traditional banks. As the pace of change quickens and competition heats up, partnerships between banks and fintechs are becoming increasingly sought after. At Wise Platform, we work with…

Small business spending solution Pleo and open banking provider Yapily have formed a partnership. Under the agreement, Pleo will leverage Yapily Payments to enable account-to-account payments for its small business clients. Pleo will begin rolling out the new service to its business clients in the Netherlands and France in the coming months. Small business spending…

Leveraging adaptive behavioral technology can help banks combat financial crime and fraud — but educating consumers on how to avoid suspicious links is key. Consumers reported losing more than $5.8 billion to financial fraud in 2021, an increase of more than 70% compared with 2020, according to the Federal Trade Commission. Today’s successful anti-fraud technology…

Robotic process automation (RPA) giant UiPath is taking a hit on Wall Street despite its recent acquisition of Re:infer, a natural language processing (NLP) company. The company’s stock has fallen 14% over the past 5 days, and 37% in the last month. For comparison, one year ago on Sept. 8, 2021, the company’s stock price…

JPMorgan Chase recently launched its data analytics-based Customer Insights platform in order to provide its small business clients with a deeper understanding of their customer base through their transaction and payment history. “How do you let a machine learn the data and then translate it to a business recommendation?” Tony Wimmer, managing director and head…

(Bloomberg) — Goldman Sachs Group Inc. provided a $140 million credit line to help finance a Mexico expansion for Latin American fintech Xepelin Holdings Inc., which offers services including payments and credit to small and midsize companies that do business with other firms. “It’s our largest credit facility so far, denominated in Mexican pesos, and…

Decentralized credit platform Credix raised $11.25 million in funding. The Series A round was led by Motive Partners and ParaFi Capital and boosts Credix’s total funding to $13.8 million. Credix will use the funds to enhance platform development, increase staff, and integrate with Web3 projects. Decentralized credit platform Credix raked in $11.25 million today. The…