“An uncoordinated proliferation of global data frameworks may prove counterproductive in the long run," says Matthew Blake of the WEF.
The company said it made the acquisition in response to the growing demand for fast and easy online account opening services.
OAS Partners with Stakeholders in Colombia, Chile to Strengthen Financial Sector Cybersecurity in Latin America
The Organization of American States (OAS) partnered with both Asobancaria in Colombia and the government of Chile to strengthen cybersecurity.
"Business as a force for good, an alternative to the traditional way of doing business, has increasingly been gaining ground worldwide," said Paul Allard, CEO of Impak Finance.
In this year’s Harris Poll study, more than 77,000 Americans were polled in an extensive survey to determine the highest-rated brands in the United States.
To honor the best innovations in the payments industry, ...
Digital debt restructuring company LendStreet, Inc. has closed a $7 million USD series A equity round and raised $110 million USD in debt financing.
Called the JR10 Token, the footballer and SelfSell will begin the public sale on July 12 during the World Cup.
iZettle is targeted at small businesses and holds card payment processing market share in Europe and Latin America.
This transaction was completed in 24 hours whereas "a typical paper-based transaction would take 5-10 days,” said HSBC.
The event will look at "scaling robo-advice alongside traditional advice and how artificial intelligence and new digital capabilities can enhance financial planning."
"There is a clear demand on the part of consumers for personal loans," said Shayan Khwaja of BBVA Compass.
"We will find the InsurTech leaders of tomorrow and create new solutions that will benefit the Lloyd’s market,” said Stuart Marks, founder of L Marks.
In an effort to allow more people to develop blockchain-based innovations, Amazon recently launched a new platform of AWS Blockchain Templates.
In a transaction last year, credit card giant American Express acquired U.K. digital payments startups Cake Technologies, the global financial firm recently confirmed.
Digital Transformation Advances in Colombia as Nation’s Largest Bank Plans to Invest $140 Million USD
Grupo Bancolombia plans to invest some $140 million USD in digital transformation and artificial intelligence initiatives this year.
In a massive deal, Experian is set to acquire London-based fintech startup ClearScore for $385 million.
The intersections between fintech, blockchain, and AI will be examined at the upcoming Emerging Technologies Summit at the University of Texas.
The EU will propose common standards for blockchain in an effort to create more clarity and encourage fintech innovation.
Lloyds Banking Group is aiming to “deploy new technology to drive additional operational efficiencies that will make banking simple and easier."
Alongside established firms, such as Credit Karma and Coinbase, nearly half the list — or 22 firms — are newcomers in 2018.
The has opted to implement the robotic process automation solutions, Kofax Kapow and Kofax TotalAgility, to overhaul its legacy infrastructure.
“Latin America has a lot to offer and can serve quite a variety of different needs from different price points,” says Sebastian Menutti of Frost & Sullivan.
ION Investment Group has signed an agreement to acquire trading and risk management solutions company Openlink Financial LLC from Hellman & Friedman.
Critical Factors to Consider Before Selecting a Nearshore Location, Part 8: Governmental Agencies and Support
“There’s a marketing arms race,” says Johan Gott of AT Kearney. “Who can get their message out?”
Companies in all industries and all locations are increasingly ...
Critical Factors to Consider Before Selecting a Nearshore Location, Part 7: Connectivity and Infrastructure
“You can probably get the bandwidth you need anywhere almost. It’s just a question of how much it’s going to cost.”
Much of the nearshore is plagued with severe natural disaster risk aside from the largely spared areas of Trinidad and Tobago, Argentina, and Brazil.
"We’re talking about U.S. companies,” says Sebastian Menutti of Frost & Sullivan. “So high proficiency in English is a requirement.”
51% of consumers trust banks when it comes to managing their private data, the highest rate of any industry.
"Advanced automation, AI, and machine learning will help banks provide better services for their customers," says Thrive Inc. founder Kunal Sehgal.
In November, a class of 50 students graduated from the business process outsourcing (BPO) training program of the Trinidad and Tobago International Financial Centre.
“When you’re not India ... then you have to really start prioritizing,” says Johan Gott of AT Kearney. “You really need to think about, ‘How is the niche that we are playing in better than anyone else’s?’”
A nearshore location’s talent pool is second category analyzed in ...
Critical Factors to Consider Before Selecting a Nearshore Location, Part 2: Business and Political Climate
A country's tax code, regulations, and overall bureaucratic hurdles tend to be the top-line items that decision-makers look at.
The benefits of outsourcing to the nearshore have convinced many companies that it’s better to look south than to the east.
Site Selection Specialist John Hall Praises Trinidad and Tobago’s Finance and Accounting Outsourcing Potential
Trinidad and Tobago's talent is the key factor that can help it advance from “where you are today to where you would like be as a country," said Hall.
Colombian authorities believe that Nieto is linked to a large drug-trafficking network that has been operating for more than a decade.
Texas A&M professor Anthony Guiseppi-Elie, Massy CEO Gervase Warner, and climatologist Marilyn N. Raphael highlight the depth of the nation's skills.
Stephen Bagnarol took over as the managing director of Scotiabank Trinidad and Tobago Limited last week.
WePay will continue to operate as a standalone company and receive additional resources from JPMorgan Chase to continue to grow.
TTIFC says this improvement "solidifies T&T's rising international status as a competitive and ideal location for finance and accounting BPO."
This webinar will offer practical tips and real-world guidance on building third-party FAO relationships or migrating to shared services models.
iQor COO Gary Praznik: ”The new facility affirms iQor’s commitment to Trinidad and Tobago as the ideal outsourcing option for the United States domestic market."
The most popular reported use for fintech, with 32% of respondents, has been connecting with online lenders.
As RPA successes add up for insurers, these early wins may be seen as just the first steps on an industry-altering journey.
“Integrating blockchain with SAP and other business applications is inevitably the next frontier for blockchain,” says SophiaTX head Jaroslav Kacina.
"What we are seeing is a tipping point regarding adoption," said Mark Ranta, head of digital banking solutions at ACI Worldwide.
Companies are seeing that RPA saves time and money while reducing errors and creating opportunities. "We see this more as a highway for growth," says Juan Felipe Giraldo of Bancolombia.