March, 2017

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Citi Links To Treasurers Via API

PYMNTS

Citi announced Tuesday (Feb. 28) the launch of an API to connect its clients operating in the treasury services industry to critical Citi services. According to a release , the bank’s Treasury and Trade Solutions (TTS) unit is rolling out the CitiConnect API to help treasury service providers link their own treasury and ERP solutions into Citi. The bank’s API enables treasurers to manage transaction banking activity straight from existing treasury platforms already in use within the enterprise.

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Hedge Accounting: 3 Key Benefits of IFRS 9

Reval

By Jacqui Drew, Director Solution Consulting at Reval. IFRS 9 is changing hedge accounting forever. A recent Reval survey shows that 70% of finance teams say that they have or will implement new hedging strategies as a result of the new standard. Still, adoption is happening at a different pace around the world. Early adopters in Australia, Japan, India, Switzerland, South Africa and Canada are already seeing the benefits of the standard.

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APIs Raising Tough Questions About FinServ Innovation, Competition And Data Privacy

PYMNTS

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . This industry is on the cusp of some major innovation, too, as FinTechs roll out services that banks can offer to their own customer clients via APIs.

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Flashy FinTech Not Always The Answer To Better Corporate Banking

PYMNTS

Financial software firm Misys had a bit of a roller coaster year in a market constantly in flux. The U.K. company canceled its IPO last October, citing “ current market conditions” as its reason behind deciding not to pursue an estimated $7 billion float on the London Stock Exchange. Those market conditions present interesting obstacles and opportunities for everyone in the banking FinTech space.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Worldpay Founder To Launch Banking-as-a-Service Disruptor

PYMNTS

The U.K. banking industry has seen a slew of new market entrants in the form of “challenger banks,” but one of the latest to enter into the industry is of another sort. It’s ClearBank, a new U.K. agency and clearing bank that provides banking-as-a-service for FinTechs and banks that need to connect into payment systems and core banking technologies.

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More Trending

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NEW REPORT: B2B Banking’s Tech-Driven Future

PYMNTS

With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 trillion global payments market. . Despite all that exchange of funds in the B2B market, the banking industry has a reputation for being a bit behind the times technologically — and it may be justified.

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NACHA Takes Collaborative Approach On API Standardization

PYMNTS

The rise of APIs in banking and FinTech can unlock greater usability of innovative solutions but also presents some difficult questions for the space. As banks, FinTechs and a variety of software development firms explore the waters of payments and information exchange and collaboration, NACHA says there is a new idea to consider: API standardization. .

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Startupbootcamp Rolling Out Incubator Fintech Program In Mexico

PYMNTS

Startupbootcamp, the global accelerator network, announced Wednesday (March 1) that it is expanding to the Latin American market through the launch of a dedicated FinTech program in Mexico. According to the company , it already has FinTech programs in London, Amsterdam, New York, Singapore and Mumbai and aims to accelerate Latin American startups by providing them with funding and an avenue to grow via mentoring, providing access to corporate partners and clients and taking advantage of Mexico

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Payline Launches Payment Processing API, Developer Sandbox

PYMNTS

Payment solutions company Payline Data is the latest to launch an API for other businesses looking to process payments. The company announced this week that it is rolling out Payline I/O, a payment facilitation API for developers to integrate Payline solutions into their own tools. Payline I/O is offering a developer sandbox for developers to test out the solutions they create before they deploy them for real-world use.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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LendingHome Going After First-Time Home Buyers With New Product

PYMNTS

LendingHome, the San Francisco mortgage company, is aiming to expand its market for loans by going after first-time homebuyers. According to a report in TechCrunch , LendingHome launched a new financing product that lets people shopping for a home get an interest rate estimate and apply over the internet, without having to fill out paperwork or deal with a loan officer who will typically ask a lot of questions and put would-be borrowers through all the paces.

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TreasuryXpress Develops Payments API

PYMNTS

Earlier this week, Anis Rahal, CEO of treasury management company TreasuryXpress, told PYMNTS that the API has potential to disrupt the treasury management solutions space. Now, the company is acting on that belief. Reports Wednesday (March 22) said TreasuryXpress has launched its API, Payment+. The solution will be offered in the TreasuryXpress store and supports the creation of payment files from existing ERP or treasury management systems ready to be sent to the bank.

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And The Payments And Commerce Innovation Winners Are…

PYMNTS

Awards Ceremonies look easy enough from the outside, but are a lot harder to do right than just getting attractive and talented people in a room, putting them in their evening wear finest and honoring them for their myriad achievements. Sure, when it goes right, things look that easy — but when things go wrong … well, we all saw the Oscars this this year.

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Rediscovering The Missing Principles Of Faster Payments

PYMNTS

Developing and deploying faster payments initiatives is top of mind for many countries around the globe, but making those talks a reality is a whole different story. In the U.S. market specifically, it’s up for debate whether the many faster payment schemes are actually complementary or conflicting. With so many initiatives at play, a schism has been created between creating entirely new infrastructure or building on top of what exists.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Retail Sector To Boost Mobile POS Terminal Market Value To More Than $103B By 2023

PYMNTS

A new report by Global Market Insights reveals that the market size for mobile POS terminals will gain significant growth in the coming years, with a compound annual growth rate (CAGR) of more than 19 percent from 2016 to 2023. According to a press release , the POS Terminal Industry is expected to be valued at $103.52 billion by 2023, with the growing demand for mobile-based features, such as online payments, and the preference for smartphone or tablet usage boosting the market’s growth.

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Turning Restaurant Payments Invisible

PYMNTS

It’s a situation that is all too familiar to most people who have gone out for dinner or even to grab drinks at happy hour. You’re ready to go, but the waiter or bartender isn’t bringing the bill. Though restaurants and bars have come a long way in their offerings, oftentimes payments still remain a bottleneck in getting guests in and out the door. BarFrog is a mobile platform that connects restaurants and bars to the customers who want to frequent them, but with the integration of mobile paymen

Sales 65
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Bitcoin Tracker: Another Tough Week

PYMNTS

This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust.

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Amazon Go Public Opening Delayed

PYMNTS

Amazon has run up against a roadblock in its play to revolutionize brick-and-mortar grocery shopping. The online retail giant has reportedly delayed the public opening of Amazon Go due to technical difficulties with its “Just Walk Out” system. During employee beta testing that began in December of last year, Amazon’s system for monitoring and tracking customer item selection reportedly ran into trouble keeping tabs on items once they had been moved from their shelf when more than 20 people were

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Compliance As Competitive Advantage

PYMNTS

Detecting financial crime activity is no longer a payments problem siloed by job title and sloughed off to payments professionals — it is an organizational effort. As more payments go digital, bad guys must be more closely scrutinized by all levels of any organization. In an interview with PYMNTS’ Karen Webster, Cheryl Gurz, program director of global payments for CGI , said that to properly address financial crime, it must first be defined.

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Mastercard And The Future Of Financial Inclusion

PYMNTS

There are only a few things that most people can agree on these days, notes Mastercard. One of them is that too many people in the world are denied access to banking and financial services of any kind. The second? That this lack of financial inclusion excludes them from participating in most of the payments and commerce activities that most of those reading this take for granted.

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New Report Finds IT Cybersecurity Shortage Hurting Companies In Fight Against Ransomware

PYMNTS

A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. A press release detailed the results of the fourth annual Cyberthreat Defense Report, which includes findings from 1,100 IT security decision makers and practitioners from 15 countries, six continents and 19 industries.

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Where Credit Scores Are Scarce, Mobile Devices Fill In The Gaps For Lenders

PYMNTS

Financial regulations forced banks to pull back from small business lending in the wake of the financial crisis as pressure to reduce risk exposure increased. Risk mitigation is also behind massive regulations like KYC and anti-money laundering rules. So while SMEs have faced a tough journey finding a bank loan across the globe — and that includes major economies like the U.S. and Europe — small businesses and entrepreneurs in emerging markets find they’re being shut out of the bank lending mark

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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NEW REPORT: Can Iris Biometrics Get Banks, Customers Seeing Eye-To-Eye?

PYMNTS

As banking becomes more digital, more financial institutions are turning to technological solutions to bring more customers on board. Several banks are rolling out banking solutions that are specifically focused on winning over millennial customers as they come of age and join the marketplace as adults. Some millennial-focused banking solutions include financial tools to help users manage their money and meet their financial goals.

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Investors Enticed By The As-A-Service Boom

PYMNTS

Software-as-a-service saw a boom back around 2015, and the X-as-a-Service space hasn’t looked back. This week we see startups from the software-, banking- and data-as-a-service ranks landing new funding for their B2B solutions. Across the U.S., the U.K. and Canada, these startups raised a collective $76 million, with a secretive U.K. banking-as-a-service company emerging at the top of this week’s B2B Venture Capital roundup.

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The Alternative Payments Explosion Is Here, Are You Ready?

PYMNTS

Fraudsters are always looking for unsuspecting payments types that can be used to perpetrate their crimes. Today, that means alternative payment methods, or APMs. G2 Web Services categorizes these alternative payments among eight different types, which include peer-to-peer (P2P) payments, money service businesses (MSBs), eWallets, mobile payments, prepaid cards, vouchers, bank debits and credits or linked bank accounts and cryptocurrencies.

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Imagining And Preparing For A ‘Cyber Pearl Harbor’

PYMNTS

The Internet is so pervasive in our daily lives that a large-scale interruption would wreak havoc on the way we shop, interact and transact, in all corners of the globe. And, of course, the bad guys (that would be hackers, be they individuals or even state-sponsored teams) are always looking to take down huge swaths of the internet, costing companies, governments and individuals untold lost productivity and money.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.