Category: Doing Business Overseas

Truist Wealth unveiled a pair of new investment solutions this week: a roboadvisor Truist Invest and a hybrid investment platform Truist Invest Pro. Truist Invest provides a personalized investment portfolio based on the user’s goals, risk tolerance, and current investments. Truist Invest Pro adds access to a team of financial advisors. Truist Wealth is a…

We use to pay for things with cash, then we used plastic cards, and now we use our phones to pay for whatever we want to buy. In the next step, payments will disappear altogether and become completely invisible. “Embedded payments” are one of the hottest trends in the market with billions being invested, yet…

Capital on Tap announced Thursday that it has secured a $237 million credit line from $3.8 trillion JPMorgan and investment firm Triple Point. The U.K.-based fintech provides fast funding to small businesses in an all-in-one business credit card and spend management platform. The company was founded in 2012, and more than 200,000 small business customers…

Are Banks ready to absorb loan losses from Inflation An interesting question? Matthew Lynn looks at the inflationary impact on small businesses borrowers, highly leveraged private equity players as well as the mortgage market. As he rightly points out all of these sectors will be affected and there risk profiles will rise. Of course the…

Canadian Imperial Bank of Commerce (CIBC) will continue investing in technology on the heels of the bank’s active digital users skyrocketing in the third quarter. The $693 billion bank reported its number of active digital banking users in Q3 jumped 41% year over year to 6.2 million users from 4.4 million during the same period…

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1  Machine-readable financial reports get a look in Michigan Michigan is embarking on a pilot program that could lead to a seismic shift in local government financial reporting documents that proponents say…

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot. Cloudentity is a leading provider of Financial Grade API Authorization & Consent software, supporting open and embedded finance compliance with current and emerging global regulations. Features Fine-grained authorization and consent for Financial Grade…

Great Southern Bank launched a program in April 2022 that encourages employees to submit automation ideas for implementation as part of its Process Matters initiative. The $5.6 billion bank has already implemented multiple employee-generated ideas for time-saving processes, Eric Johnson, vice president and chief information officer at Springfield, Mo.-based Great Southern Bank, told Bank Automation…

The $982 million Wauchula State Bank, located in Wauchula, Fla., is one of eight financial institutions — including four in Florida — that chose Jack Henry’s Banno Mobile Banking platform in July, according to an FI Navigator report provided to Bank Automation News. The other institutions include: $658 million Charlotte State Bank and Trust, based…

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