Sat.Nov 23, 2019 - Fri.Nov 29, 2019

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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business.

B2B 117
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Top-down and Bottom-up planning

Jedox Finance

Planning is one of the most important aspects of a successful, enterprise-wide performance management process. Two of the most common planning approaches are top-down planning and bottom-up planning methods. Although these two models represent two opposing strategies, they share similarities in the way a company identifies its key objectives. At a very basic level, the [.

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CFO opportunities: Take a look at these six disruptive trends

Future CFO

While disruptive changes take place at an unprecedented rate, disruptive trends, when viewed positively, can bring about CFO opportunities. These disruptive trends, according to Gartner, include business transformation, market competition, economic uncertainty, employee power in labor market, capital inefficiency, and executive confidence, according to the research firm.

CFO 52
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The Upright Project and the Quest for Net Impact

CFA Institute

In the era of environmental, social, and governance (ESG) integration and sustainable investing, how good are we at measuring impact?

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Planning Your Restaurants 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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Unencrypted Vistaprint Database Exposed Personal Customer Data

PYMNTS

Printing company Vistaprint left an online database containing customer interactions unencrypted, according to a report. A security researcher named Oliver Hough discovered the unprotected database on Nov. 5. He reached out to the company but didn’t hear back. After the report was published, the company quietly took down the database. Vistaprint is owned by Cimpress, a company based in the Netherlands.

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People’s Bank Of China: Hundreds Of Country’s Banks At Risk

PYMNTS

This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13 percent of the country’s financial institutions were considered “high risk,” according to Bloomberg. . People’s Bank Of China ran a report — its 2019 China Financial Stability Report, published on Monday (Nov. 25) — and found that about 586 banks and financial institutions were highly risky, and in need of some sort of change.

Banking 96
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France’s Central Bank Latest To Ponder A Digital Currency

PYMNTS

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! Finance. Beau wants to use distributed ledger technology (DLT), and France is considering a central bank digital currency (CBDC).

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GoExpedi Closes $25M Funding Round Led By Top Tier

PYMNTS

GoExpedi , an eCommerce, supply chain and analytics startup, has raised $25 million in Series B funding led by Top Tier Capital Partners. CSL Ventures, Crosslink Capital, Bowery Capital, Blue Bear Capital and other current investors also participated in the round. GoExpedi provides more than 200,000 critical parts and supplies, offering complete transparency on price, supplier choice and availability.

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Apple Pay Partners With Nike For 3 Pct. Cash Back

PYMNTS

Nike is offering 3 percent cash back to Apple Card users when a Nike product is purchased using Apple Pay , TechCrunch reported Monday (Nov. 25). The deal applies to all Nike products when purchases are made using the Apple Card through the Nike website, retail stores, Nike Training Club and more. Nike joins Uber/Uber Eats, Walgreens/Duane Reade, and T-Mobile stores in offering the top-tier cash back of 3 percent.

Retail 91
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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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Large Corporates Find Value In Bank-FinTech Connectivity Too

PYMNTS

Small businesses are a growing target for bank-FinTech collaborations and data integration initiatives as financial service providers explore new use cases for open banking. For small- to medium-sized businesses (SMBs) in particular, the growing population of back-office enterprise apps, forcing users to toggle between platforms and manually move data from one portal to another, is among the most popular scenarios in which data integrations can support more efficient operations.

Banking 90
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Malicious Apps Gained Access To Some Facebook, Twitter Users’ Personal Info

PYMNTS

After using their accounts to log into specific Android apps downloaded from the Google Play store, Twitter and Facebook noted that the personal information of hundreds of users might have been accessed improperly. The tech firms received a report from researchers who came across the oneAudience software development kit (SDK) that provided third-party developers with access to personal information, CNBC reported.

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Facing The Fast Future Of QSR Payments Experiences

PYMNTS

Make sure to bring more than your appetite when you dine out in the 2020s, especially at a quick-service restaurant (QSR). You might end up ordering or paying with your face via facial recognition technology. Payments are changing so rapidly that they can sometimes be hard to keep up, and that certainly holds true for QSRs. In a new PYMNTS interview, Andrew Robbins, co-founder and president at Paytronix Systems Inc., discussed the emerging payments coming to the QSR world, and what’s on tap for

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PayPal’s Xoom Rolls Out Bill Pay For Users In Jamaica

PYMNTS

Xoom , PayPal ’s international money transfer service, announced the launch of its bill pay service in Jamaica. Through a partnership with bill platform provider Paykii , customers in the U.S., U.K., Canada and 37 markets across Europe can now use Xoom’s money transfer service to pay electricity, telephone, internet, cable, mobile network, water, loan and insurance bills in Jamaica.

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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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How Credit Unions Can Win The FinServ Innovation Game

PYMNTS

In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be perceived to be at a disadvantage, at least when it comes to dollars. At first glance, that gap may seem insurmountable in the age of mobile banking , where technology is a vital component of financial services.

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Bank Branch Closings Take Toll On Rural Communities 

PYMNTS

More than half of the 3,114 counties in the U.S. lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the closures, according to research from the Federal Reserve released on Monday (Nov. 25). . Rural communities with lower incomes or a higher percentage of minorities saw the most closures, losing 1,553 bank branches in 794 counties, a decline of 14 percent.

Banking 83
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Google Bid Against Unnamed Firm For Fitbit Deal

PYMNTS

A recent SEC filing revealed that two companies were aggressively bidding to buy Fitbit. Although multiple firms met with the company to talk about an acquisition, it was only Google and a mystery firm that ultimately came through with serious bids, CNBC reported. The identity of the other firm was not revealed, but the report noted that UnitedHealthcare and Fitbit already had a Motion wellness partnership program, while Amazon has been aggressively looking into the health-tracking wearable

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Netflix Reboots Iconic NYC Movie Theater For Screenings, Events

PYMNTS

Entertainment streaming giant Netflix has taken over the lease of the iconic New York City movie theater, The Paris, and plans to use it for movie screenings, events and releases, the company said Monday (Nov. 25). The theater closed in August. “After 71 years, the Paris Theatre has an enduring legacy, and remains the destination for a one-of-a-kind movie-going experience,” said Ted Sarandos, Netflix’s chief content officer in a press release.

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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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JPMorgan Moves Forward With Blockchain Vehicle Tracking System

PYMNTS

The wholesale car financing arm of JPMorgan Chase is putting together a plan to finance the creation of a blockchain-based automobile inventory system, The BlockCrypto reported on Friday (Nov. 22). The inventory system would digitize floor plan financing using the company’s patent-pending ledger-based floor planning methods. The plan also aims to bring greater efficiency to the commercial lending process.

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JPMorgan Explores Use Of Blockchain For Vehicle Tracking

PYMNTS

JPMorgan’ s wholesale car financing arm has filed a patent application to use blockchain to track the automobile inventory it finances for car dealers. The application describes a distributed ledger-based version of floorplan lending, a revolving line of credit that allows car dealers to borrow against their retail inventory. The bank wants to tie each car’s individual vehicle identity number (VIN) to a blockchain that can get rid of any inefficiencies when it comes to auditing a dealer’s invent

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Citigroup Fined $56M In UK For Regulatory Reporting Miss

PYMNTS

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate returns between 2014 and 2018, according to a report by Reuters. The regulator said the data it received from Citigroup was not acceptable, and the way the bank handled the reporting processes was not effective.

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T-Mobile Data Breach Puts Personal Data Of 1M+ Customers At Risk

PYMNTS

A recent data breach exposed the personal data of more than 1 million prepaid T-Mobile customers, reports said on Friday (Nov. 22). The information exposed did not include any financial information, social security numbers or password data. The cyber thief got users’ names, billing addresses, phone numbers, account numbers and plan information. Data about rates and features are considered customer proprietary network information (CPNI).

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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.

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Ant Financial Ramps Up SEA Capital With $1B Fund

PYMNTS

China’s Alibaba affiliate Ant Financial is drumming up $1 billion to fund startups in Southeast Asia and India, Bloomberg reported on Tuesday (Nov. 26) citing a source. Jack Ma’s FinTech firm has its eye on new companies in emerging markets that focus on payments and online financing, the source said, confirming a DealStreet Asia report. . At the Beijing 2019 Global Young Entrepreneurs Conference on Tuesday, Ji Gang, vice president of Ant Financial, told those in attendance that his company was

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SoftBank, Ant Financial Back India’s Paytm With $1B Funding

PYMNTS

India’s mobile payments startup Paytm said on Monday (Nov. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant, The New York Times (NYT) reported, citing a source. The deal values Paytm’s parent company, One97 Communications , at $16 billion. Other investors include Discovery Capital and T. Rowe Price.

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Turning Compliance Burden Into FinTech-Regulator Collaboration

PYMNTS

Lithuania wants to become a global FinTech powerhouse. In recent years, the market has gone from one struggling with high financial illiteracy and limited card acceptance, to a bright spot in Europe for FinTech innovation. Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. Particularly amid the continuing uncertainty surrounding Brexit, FinTechs are turning to Lithuania to retain their European footholds and operate in a country that supports their innovative

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Amazon Seeks China Market Share With New Store On Pinduoduo

PYMNTS

A source told Reuters on Sunday (Nov. 24) that Amazon is opening a store on the Chinese eCommerce site Pinduoduo. . Amazon closed its marketplace in China in July after realizing it could not compete with rivals like Alibaba’s Tmall marketplace and JD.com. Although Alibaba and JD.com usually lead China’s eCommerce market, the four-year-old Pinduoduo is “popular with China’s lower-tier city residents.

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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.

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Startup uLesson Lands $3.1M To Improve Education In Africa

PYMNTS

Nigerian startup uLesson has raised a $3.1 million seed round led by TLcom Capital. Founded this year by Sim Shagaya, uLesson is working to lesson educational gaps in the region by integrating mobile platforms, SD cards, cultural curriculum and a network of tutors. The company is headquartered in Lagos with a production studio in Jos. It is currently in the development phase and plans to launch in February 2020 in Nigeria, Ghana, Sierra Leone and Gambia.

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AWS Launches Amazon Rekognition Custom Labels

PYMNTS

Amazon Web Services (AWS) announced on Monday (Nov. 25) the launch of Amazon Rekognition Custom Labels, a new feature allowing customers to train their custom model to identify database and inventory items. In a blog post , Anushri Mainthia, senior product manager on the Amazon Rekognition team and product lead for Amazon Rekognition Custom Labels, explained that Rekognition users will be able to train a model using a small set of labeled images to detect items in an inventory without any machin

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InsurTech Players Turn Their Attention To Startups

PYMNTS

In the land of startups, speed matters. Scale matters. Funding matters. But the other nuts and bolts of running a business require attention, too. That includes insurance, which of course protects against the unexpected and unplanned events that occur while running a business. Vouch Insurance , which offers insurance to high-growth technology firms through an online platform, said last week that it has raised $45 million in a funding round, and has expanded its service into California.