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Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. 30) announcement emailed to PYMNTS. Banks can discover and rank threats and vulnerabilities across their cyber environments with the help of the tool.
We get it, you're a doctor, not a lawyer! So we understand if you dread the idea of negotiating with your insurance company. Negotiation may not be your cup of tea, but it can impact you AND your clients. Think: more money in your pocket, saving your patients money, and getting paid in record time. It's more than a big smile and a "salesman" technique or two.
TMF Group is a global provider of critical compliance and administrative services, with some 7,800 in-house experts across 80-plus jurisdictions. New report Accounting & tax: the global and local complexities holding multinationals to account analyses and ranks 77 jurisdictions based on the complexity of their accounting and tax laws and practices.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
Visa has inked an agreement to acquire YellowPepper , which works with startups in the Caribbean and Latin America, according to an emailed press release. The acquisition builds on a strategic partnership and investment made in 2018, where Visa invested in the company back then. With YellowPepper, companies can access application programming interfaces (APIs) to allow issuers, processors and governments to easily access numerous payment rails and let multiple payment flows through one single con
You’ve bootstrapped your SaaS business to thousands or millions of dollars in revenue. You feel like you have more potential to grow, but you are limited by the cash in your bank account. You need capital, but where do you start? We are all familiar with the traditional path of equity financing, exchanging ownership in […]. The post How to Grow Your SaaS Business with Debt Financing appeared first on The SaaS CFO.
The Chartered Institute of Management Accountants (CIMA) has launched a new online ethics decision-making tool designed to help accounting and finance professionals make ethically sound decisions in tough situations. . The tool’s launch is part of the Institute’s month-long campaign celebrating the UN Sustainable Development Goals, culminating today on Global Ethics Day, CIMA noted.
Maybe it’s a byproduct of that which shall not be named — by which we mean the pandemic — but PYMNTS’ Provider Rankings have been remarkably calm and unwavering throughout 2020, including our latest Provider Ranking of Personal Loan Apps , a category of intense interest. We’re not saying there are absolutely no changes, but few enough that we should be able to make short work of summing up the hottest personal loan apps out there.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
At Planful, when we talk with our customers about finance transformation we hear clear goals and talk of compressing cycle times and raising the financial IQ in every corner of the business. But when we listen to Human Resources leaders talk about transformation of their domain, the outcomes usually aren’t as defined. . Why is that? Let’s dig into HR transformation and uncover why it matters and how to take your team from being seen as a service desk (Payroll questions?
Global growth is projected at ?4.4% in 2020, a less severe contraction than forecast in the June 2020 World Economic Outlook Update. The revision reflects better-than anticipated second quarter GDP outturns, mostly in advanced economies, where activity began to improve sooner than expected after lockdowns were scaled back in May and June, as well as indicators of a stronger recovery in the third quarter.
When asked why he robbed banks, Willie Sutton — the famous criminal with four decades of bank robbery experience — is said to have offered what was likely history’s clearest answer: “Because that’s where the money is.”. Whether Sutton ever actually uttered that line is a matter of historical debate. But what isn’t debatable is the essential truth of his purported statement — and how relevant it is to the 2020 holiday shopping season, as Kount Chief Customer Experience Officer Rich Stuppy recent
Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume. The rest come in a variety of formats, including PDF and, of course, paper. And just because a PDF may be technically an "electronic" format, it presents many of the same challenges as paper — i.e., the need for manual extraction and ent
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
It would be difficult to pick a single reason why payments modernization is currently accelerating. But Domenico Scaffidi , head of market infrastructures for FinTech software maker Volante Technologies , told PYMNTS in a recent interview that better cloud technology, proven cost efficiencies and COVID-related lifestyle changes are all partial explanations.
Blockchain industry stocks are on the rise as bitcoin reaches new heights, Seeking Alpha reported. HIVE Blockchain Technologies, Riot Blockchain and Marathon Patent Group are on the uptick, according to the report, which was published early Tuesday (Oct. 27) afternoon Eastern Time. Bitcoin reached higher than the $13,600 level intraday. The price of bitcoin was $13,750.90 as of 7:19 p.m.
Ant Group’s pending IPO could spell a multibillion-dollar payday for a small and elite group of foreign investors, who bought a stake in the giant Chinese FinTech two years ago, The Wall Street Journal reports. Some of the top investors pumped $500 million each into Ant Group , including the “sovereign-wealth funds of Singapore and Malaysia, the Canada Pension Plan Investment Board and private-equity firms Silver Lake, Warburg Pincus, Carlyle Group and General Atlantic,” the Journal reports, cit
Businesses across the United States likely knew they would be in for a long, uphill battle to stay afloat when they first began closing their doors in mid-March, but did not know just how long they would be dealing with the fallout from the COVID-19 crisis. Roughly eight months since the pandemic was first declared, businesses are now open, but consumers have yet to return to the store in previous numbers.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
Verizon and Microsoft have teamed up to accelerate the delivery of private 5G networks for businesses, announcing a collaboration they said will transform the retail, transportation, logistics, manufacturing and healthcare industries. Touting 5G data speeds that are already 25 times faster than current 4G technology (and will eventually be 100 times faster), the two companies said the security, reliability and ultra-low lag times will bring increased efficiency and reduced costs.
The pandemic has changed all kinds of things about consumers. They’re more concerned for protecting their health, they're working remotely, they’ve relocated most of their commerce lives online and on mobile — the list goes on and on. But perhaps the most interesting shift, Upgrade CEO and Co-founder Renaud Laplanche told Karen Webster, is how much more focused they’ve become about being financially responsible in these uncertain times.
The mass increases of people working and learning from home during the pandemic have resulted in changes in habit for internet use, but also new strategies to keep bills down as internet service providers (ISPs) start putting data caps back into play, The Wall Street Journal (WSJ) reported. Even users who never had to think about their internet usage have received notices from companies like Comcast saying they are using too much data, WSJ reported.
B2B ’s pain points when it comes to payments are well known — where paper checks dominate, where even the fax machine makes an appearance. But in a panel discussion with Mike Massaro , CEO of Flywire , four executives from various verticals — from freight management to banking — discussed how pressure points are spurring a shift to digital processes.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
OpenPayd , an application programming interface (API)-led Banking-as-a-Service (BaaS) provider, launched InstantFX on Tuesday (Oct. 27), which will help clients access easy foreign exchange payments, according to a press release. This will do away with the need for batch processing. The program is delivered through OpenPayd's BaaS platform, installable through existing technology with an API, according to the release.
The great digital shift hits us where we live, literally. In an interview with Karen Webster, Khaled Naim , co-founder and CEO of Onfleet , which provides last-mile delivery management software to merchants, said year-over-year delivery volume has been surging amid the pandemic, with triple-digit increases in some segments, double-digit increases in others — and no signs of stopping.
Covering the cost of payments processing is an unavoidable expense, but many businesses can find themselves paying more than necessary. It is not uncommon for firms to try to mitigate processing costs by using only one payment service provider (PSP) in the hopes of limiting fees, but businesses that rely on just one PSP have less bargaining power to negotiate favorable contractual terms.
The pandemic is affecting the amount of money migrant workers can send home, with remittances projected to drop 7 percent this year to $508 billion and forecasted to drop a further 7.5 percent by 2021, according to a statement from the World Bank Thursday (Oct. 29). Last year, migrants sent $548 billion in remittances, a record high, the statement noted.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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