Descartes Systems Group (Nasdaq:DSGX) reported that Michigan-based K&R International Services is using Descartes’ global security filing solution to automate European Union Import Control System 2 (ICS2) security filings for charter cargo carriers handling large volumes of ecommerce parcels.
The Office of the Comptroller of the Currency argued the Dutch fintech’s U.S. operations would be inadequately capitalized, its management inexperienced and its road to profit “unrealistic.”
