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.
The U.K. and Germany remain the fintech leaders in Europe, but the growth of two other markets shows that location is less important than ever.
The Jersey City-based company said in a statement that it expects the transaction to be finalized in the third quarter this year.
"Innovation in lead generation and customer experience is key for businesses in today's ever-changing environment," said Doug Lebda of LendingTree.
2018 will mark a new era for action due to a new EU directive — the Revised Payment Services Directive— that will go into effect in January.
Stripe leads the biggest fintech firms list — and with a $9.2 billion USD valuation is worth more than twice as much as second-place finisher SoFi.
PwC report: “Traditional institutions are transforming themselves at a pace not seen before with greater urgency than in most other markets."
Trinidad and Tobago IFC sees the signing of this MoU as a major part of its strategy to prepare the workforce and generate high-value employment.
Trinidad and Tobago International Financial Centre Introduces Training Program to Expand Financial Sector Talent Pool
"This is a very important step for the Trinidad and Tobago IFC and the participants in the program,” said Shane Kissoon of ACCA Caribbean.
“YellowPepper has the skill set and existing footprint in the region to help us accelerate time to market for our clients," said Allen Cueli of Visa.
"PayPal customers will be able to pay for App Store, Apple Music, iTunes and iBooks purchases across iPhone, iPad and iPod Touch devices using their PayPal account," said the company.
Banco Falabella says its new artificial intelligence technology will drastically cut customer service times through Facebook chat.
“We don't how long the prices will remain this competitive, but at the moment, it's very much a tenant's market," says Jean-Paul de Meillac of Terra Caribbean.
“B2B payments innovation has been fueled by businesses always looking to simplify complexities," said Vicky Bindra of Visa.
"How much technology can we do that replaces people?" said Tom Montag, COO of Bank of America, at a conference this week.
"We use Apple Pay in apps, we use it in the web, and there was one final frontier we wanted to conquer," said Craig Federighi of Apple.
“It is a consortium network, collaborative and useful for all," said Álex Puig, head of Spain's new multi-sector tech platform Red Lyra.