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In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. 30). . The goal is to improve Nigeria’s financial inclusion rate by 20 percent, bringing it to 80 percent by the end of 2020. “The provision of licenses to several players will help support innovation and competition as all parties work to increase their customer base,” Central Bank of Nigeria Governor Godwin Emefiele said
Confidence across regions converged at low levels this quarter and the global index is at an eight-year low, according to this ACCA report. Download The post Global economic conditions survey report Q3 2019 appeared first on FutureCFO.
In the very latest Jedox release, Version 2019.4, Jedox Cloud customers can test the new Jedox Planner Add-in for the online version of Microsoft Excel. Connecting live to the Jedox In-Memory database, the new add-in enables the use of online spreadsheets for planning and analysis in Office 365 with any major web browser.
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
If microchip supplier Qualcomm wins its case on appeal, the cost of connected cars using 5G technology will skyrocket, automakers and suppliers said in court filings on Friday (Nov. 29), Reuters reported. Judge Lucy Koh ruled in May that Qualcomm, the world’s largest supplier of mobile phone chips, is a monopoly and has to change the way it does business.
China’s bond default is about to break its 2018 record, according to a Bloomberg report. Data compiled by Bloomberg indicates that there were at least 15 defaults since the beginning of November, pushing the year’s total to 120.4 billion yuan (US$17.1 billion), versus 121.9 billion yuan in 2018. While the default amount looks small compared to the country’s US$4.4 trillion corporate bond market, the issue has spread to various sectors including real estate, steel making, energy, and software, wh
China’s bond default is about to break its 2018 record, according to a Bloomberg report. Data compiled by Bloomberg indicates that there were at least 15 defaults since the beginning of November, pushing the year’s total to 120.4 billion yuan (US$17.1 billion), versus 121.9 billion yuan in 2018. While the default amount looks small compared to the country’s US$4.4 trillion corporate bond market, the issue has spread to various sectors including real estate, steel making, energy, and software, wh
On November 28, 2019, Jedox and our new partner, Digital China, met in Beijing to set a new milestone for the development of Jedox Cloud China. A key message of the event was the extensive value and opportunities available to organizations of all sizes and sectors with Cloud solutions and the significant impact of Digital [.
Satisfied customers are key to any company’s success. Those experiencing issues like declined payments or damaged products will want to share their frustrations with merchants, but direct communication grows more challenging when digital screens separate businesses and their customers. . The right customer support services can connect these two parties to more effectively work through difficulties.
Business leaders and investors are increasingly rating companies on their ability to create long-term shareholder value instead of solely focusing on short-term financial performance. Today the most commonly used metrics to gauge a firm’s success are profitability ratios such as return on capital (ROC), total shareholder return (TSR) and earnings per share (EPS), according to INSEAD. .
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
Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. However, they are also hesitant to pay for those new experiences with credit cards or other traditional financing options. Debt from the previous holiday shopping season has made these younger consumers credit-shy, but it has not limited their appetite for holiday spending.
The holiday season isn’t only about retail and payments. It’s about family and friends – and killing time with those relatives and pals. And that means this is the time of year for board games to shine. Yes, board games. On the cusp of 2020, board games remain relevant, and may even be enjoying a renaissance. As one recent report stated , board game sales in the U.S. grew by 28 percent in 2017, per the NPD Group, a market research company – and global sales increased to $9.6 billion in 2016 fro
Small business accountants have said they are now forced to manually transfer data between payroll and human resources solution providers Gusto and Zenefits after the two companies abruptly ended their application programming interface (API) integration, AccountingToday reported. While a spokesperson for Zenefits told the publication that “Zenefits still has an integration with Gusto for payroll,” reports noted that the integration does not support the ability for small business acco
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.
The U.S. Department of Justice (DoJ) has accelerated its probe into Deutsche Bank’s participation in a $220 billion Danske Bank money laundering scheme, Reuters reported on Monday (Dec. 2), citing four sources. The DoJ is inquiring if Germany’s largest bank Deutsche assisted with moving dirty money to the U.S. from Denmark’s largest lender Danske , one source told Reuters.
The growing significance of the gig economy is changing how businesses handle their payments. Corporations recognize that paying freelancers for ad hoc projects is a different ball game than issuing regular payroll disbursements to hourly or salaried employees or contracting with large suppliers. Gig workers frequently want compensation that is delivered rapidly — not at the end of a two-week pay period — and more than a third of financially struggling gig workers would switch platforms to get p
Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. However, a rise in new service providers has added opportunity for industry consolidation, with payroll companies finding acquisitions a strategic way to augment their offerings, and keep pace with evolving needs among businesses and their employees.
The Bank of Russia has voiced its support for a ban on cryptocurrency payments, saying that “private cryptocurrencies cannot be equated with fiat money and cannot be legal tender.”. “If it is decided to ban cryptocurrencies as a means of payment at the legislative level, we consider it appropriate to support this position,” the banking authority said , adding that “we continue to believe that cryptocurrencies carry significant risks, including in the field of laundering of proceeds from crime an
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.
As B2B fraud threats like the business email compromise (BEC) scam or internal employee theft continue to grow for businesses large and small, experts are urging business owners and executives to take the lead in combatting fraudsters. Indeed, the latest cases rounded up by PYMNTS show that the threats of external BEC scams and internal accounts payable fraud are alive and well.
It’s been said that small business is the lifeblood of the U.S. economy. And it’s been said, too, that cash flow is the lifeblood of small business. Take that logic a step further — and small business cash flow, then, is the lifeblood of the U.S. economy. But there’s a structural challenge in the mix, one that keeps cash flow from being a steady stream, and thus prevents companies from reaching their full potential.
Germany is planning to temporarily take stakes in high-tech companies in order to stop investors from non-EU countries from acquiring them. The “national fallback” proposal, introduced by economy minister Peter Altmaier on Friday (November 29), would increase the government’s powers to scrutinize and potentially block deals. In fact, Altmaier said that ministers should be able to intervene whenever a non-EU entity tries to acquire a stake of 10 percent or more in any German company in such areas
Grab is introducing Asia’s first numberless card in batches, with Singapore launching on Thursday (Dec. 5) and the Philippines during the first quarter 2020, the company announced in a press release. The digital GrabPay Card is powered by Mastercard and offers users seamless payments integration and an expanded rewards system with a limited promotion giving up to 10x GrabReward points for every dollar spent.
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.
Uber has introduced a group ordering option, the company said in a blog post. . “Whether you’re at the office, going to a friend’s place or hosting at home, coordinating group meals can be challenging — especially when you and your guests are hungry and the clock is ticking,” the company said. “Starting today, you can skip over that hassle and take back team lunches.
Friction is everywhere – even the not-quite-vacuum of outer space has it. Closer to earth, friction can make a mess of commerce and payments, especially as impatient consumers have multiple options for where to spend their time and money. But the fight against friction – one of the defining payments and commerce endeavors of this decade, and the one about to start – is getting a boost from artificial intelligence (AI) and robotics.
Google CEO Sundar Pichai will take over as the new CEO of Alphabet , as well as retain his job at Google, according to a blog post by Founders Larry Page and Sergey Brin. “Going forward, Sundar will be the CEO of both Google and Alphabet. He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets,” the post said.
French startup Pixpay is the first challenger bank to cater to teens, offering a debit Mastercard for cashless payments, news outlets reported on Friday (Nov. 29). A Pixpay account can be opened by anyone 10 years old or above, and both parents and children can download the app together. Like competitor Kard , Pixpay wants to give teens a way to go digital and ditch cash altogether. .
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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