Sat.Sep 05, 2020 - Fri.Sep 11, 2020

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Mastercard Leads New Central Bank Digital Currency Test Platform

PYMNTS

Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). In a Wednesday (Sept. 9) news release, Mastercard said a recent survey revealed 80 percent of central banks are engaged in some form of CBDCs, while 40 percent have moved from research to experimenting with concept and design, according to by the Bank for International Settlements.

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Unshackling the CFO From a Legacy

Jedox Finance

The airline industry has experienced unparallel turmoil this year. They are not alone. In fact, “Brace! Brace! Brace!” is what many CFOs may have heard at the onset of the crisis. To their credit, CFOs across every sector buckled in. They balanced employee health risks with commercial imperatives. They addressed supply disruptions, eased AR and AP pressures, and reset investor expectations — all while managing liquidity and conserving cash.

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Don’t miss a thing! Interactive and on-demand content at DigitalCPX

Anaplan

Have you ever gone to an event and found multiple sessions you want to attend are scheduled simultaneously? With DigitalCPX we’ve deleted that dilemma. Immediately following our keynotes on September 15 (September 16 in Europe and Asia/Pacific), we drop tons of content for viewing on demand. Other interactive sessions—focused interest group meetups, product chats, and […].

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Balancing the RPA Value Equation: A CFO Perspective

Future CFO

Finance is filled with numerous repetitive tasks (such as copying and pasting variables across spreadsheets), generating countless reports, and offering the CFO a snapshot of a company’s liquidity position. And there is little or no room for human error. It is why robotic process automation (RPA) often begins with finance. By removing manual repetitive tasks, it allows financial teams to focus on value-added tasks, and provides the operational dexterity for CFOs to scale or pivot when ready.

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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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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis. In an interview With Karen Webster, Craig Dixon , general partner and CEO of Accelerating Asia , an independent startup accelerator based in Singapore, said helping startups scale and navigate the VC realm requires a focus on tel

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COVID-19 and the workforce: The marathon no one signed up for but everyone is running

Anaplan

2020 felt like the start of any other year, and now we wish it was literally ANY OTHER year. I am a runner, a social runner (it always feels shorter when you run with friends). As I look back and reflect, this year reminds me of finding yourself in the middle of a race where […].

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Moody’s: Indonesia’s management of buffers to determine credit impact of economic issues

Future CFO

Indonesia's (Baa2 stable) key growth drivers are under significant strain this year, said Moody's Investors Service recently. While growth should rebound next year, a halt to reforms in state-owned enterprises, the corporate sector, infrastructure and human capital development, as well a prolonged weakness in commodity prices present downside risks to a sustained growth recovery, according to the credit rating agency, adding that the extent of fiscal erosion is intrinsically tied to the growth r

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Amazon Creates Its Own Black Friday

PYMNTS

Amazon put a new date on the calendar last week. No it’s not Prime Day. But it has told its sellers that “Black Friday” deals will start on Monday, Oct. 26, leaving the rest of the retail world to read the tea leaves on Amazon’s Q4 plans. According to Tamebay , an Amazon seller news site, Amazon Early Black Friday Deals will start and run through Nov. 19.

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Book Review: The Income Factory

CFA Institute

The Income Factory shows that double-digit returns are achievable from income and its reinvestment alone.

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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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Cash-Flow Forecasting remains KING

Simply Treasury

“If you have to forecast, forecast often” (Edgar R. Fieldler). Need for reliable forecasts. Nobody could deny the importance of having accurate and reliable Cash-Flow Forecasts (CFF). Often, we heard “ cash is king”. However, knowing if you will get cash and how much is even more important. Treasury management is “anticipation”. Managing cash is easier than forecasting cash.

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Work from home: Singaporeans report frustrations with technical issues

Future CFO

Working from home has been challenging for almost six in ten Singaporeans (58%), who felt that their company’s technical infrastructure was not fully prepared for the transition, according to a new regional report “Video Streaming is the New Norm for Work” from content delivery network and edge cloud services provider Limelight Networks. The report is based on responses from 1,000 professionals across India, Japan, Singapore , South Korea who have worked from home during the coronavirus pandemic

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JPMorgan On The Digital Transformation Of Corporate Liquidity Management

PYMNTS

The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. JPMorgan ’s Head of Global Liquidity Product Solutions Specialists, Lori Schwartz , told PYMNTS in a recent Masterclass that the very nature of liquidity management is changing — and leading treasury management professionals to pivot to digitization and move from physical to virtual accounts.

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How Good Is Your Investment Sales Team?

CFA Institute

When it comes to evaluating sales teams, "[Pay] more attention to the swing than the shot.".

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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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Chipotle’s Digital Sales Leap A Harbinger Of QSR’s Great (Sales) Shift

PYMNTS

The great digital shift in the quick-service restaurant (QSR) space shows no signs of stopping. To that end, Bloomberg reported that Chipotle Mexican Grill CEO Brian Niccol estimated the firm’s digital sales could be as much as $2.4 billion in 2020, leagues higher than the $1 billion seen in the previous year. And in a nod to the fact that mobile and online orders are here to stay, Niccol said sales digital sales could be as much as 40 percent to 50 percent of revenues, which Bloomberg noted wo

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Apple Pay Eyeing QR Code Transactions

PYMNTS

Apple Pay users may soon be able to use a feature in the Wallet app to make payments by scanning a QR code. AppleInsider reports the new method would no longer require near field communication (NFC), the wireless data transfer that enables nearby devices to communicate without an internet connection. Since its launch, Apple Pay transactions at brick-and-mortar retailers relied on NFC and an iPhone near the payment terminal to make a contactless purchase.

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Berkshire Hathaway Sells $2.5B Stake In Wells Fargo

PYMNTS

Warren Buffett has once again reduced his company’s investment in Wells Fargo & Co. , favoring Bank of America (BoA) instead. The Financial Times (FT) reported Berkshire Hathaway now owns 138 million shares in Wells Fargo, a 3.3 percent stake in the nation’s fourth largest U.S. bank, down from more than 8 percent last year. Last month , Berkshire reduced its Wells Fargo stake by 26 percent to 237.6 million shares, based on its second quarter report with the Securities and Exchange Commission

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Digital Shift Gives Rise To DTC Brands

PYMNTS

Outside of the pandemic — if there is such a thing as outside of the pandemic — two stories have been the most compelling in retailing so far this year. The first is the digital shift. The second is the rise of direct-to-consumer (DTC) brands. Last year, DTC online sales reached an impressive $14.28 billion , with that figure expected to grow more than 24 percent in 2020.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

The year 2020 began inconspicuously — but in a few short weeks, everything changed. For businesses, the world market was thrown into volatility, yet soon, new opportunities emerged. In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business.

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Hitting The Gas On Real-Time Payments Adoption

PYMNTS

The year 2020 has been an unexpected one, to say the least — not least of all for the payments ecosystem. This year was supposed to be a tipping point for real-time payments adoption in the U.S., yet progress hasn't been as advanced as many in the industry would have liked. Interestingly, said Manish Gurukula , CEO of Alacriti , it's not the pandemic that has slowed the country's path toward faster payments.

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IRS Offers $625K For Help Cracking Cryptocurrency Secrecy

PYMNTS

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. The agency recently issued a request for proposals from anyone who can help track payments using the Monoro or Lightning protocols and similar approaches to hiding tracks.

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Looking Beyond The Card To Drive Commercial Adoption

PYMNTS

The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Yet it's not only the need to embrace electronic payments that is encouraging government agencies, small businesses and larger enterprises to embrace the payment tool. In this week's Commercial Card Innovation Tracker, PYMNTS rounds up the latest innovations that showcase how industry players are looking beyond the card its

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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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Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

PYMNTS

The reCommerce business has met the sharing economy. That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. But before getting into the launch and exploring how the Wardrobe concept will be deployed, as well as potential comparisons to its competitors, it’s essential to understand its business model.

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Brands Go Direct To Consumer Online: Now What?

PYMNTS

Bringing a brand directly to consumers over digital channels was an option to consider in the pre-pandemic world — but the question for brands today in our radically digitized world is not if, but when, according to sticky.io Chief Operating Officer Ro Bhatia. “What brands should be thinking about now is basically how to double down — triple down — on their direct-to-consumer offerings,” Bhatia told PYMNTS.

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Amazon Pay’s Gauthier: No One Can Predict Retail’s Future, So Innovate Around What Won’t Change

PYMNTS

Consumers are living in stressful times, and Patrick Gauthier , vice president at Amazon Pay , told PYMNTS in a recent interview that merchants working to prepare for retail’s new normal should start by addressing that. Consumers, he noted, are experiencing stress in ways they actually never have before due to the pandemic changes being made to their lives.

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European Commission Investigating Visa’s Staged Digital Wallet Fees

PYMNTS

Visa Inc. has acknowledged the European Commission (EC) has opened an investigation into the company’s eWallet rules. In its second-quarter filing with the Securities and Exchange Commission (SEC), the global financial services corporation reported the executive branch of the European Union (EU) informed Visa that it has opened a preliminary investigation into its digital wallet rules and requested information about them.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.