Simply Treasury
JUNE 15, 2020
Back to the office. And now what am I going to change? It is quite legitimate to ask the question: "After such a huge financial crisis, what will become my treasury department?" In all magazines or newspapers, journalists get us drunk with this post-containment story. The next world would not be the same. That would be the end of the world as we knew it.
PYMNTS
JUNE 19, 2020
It hasn’t been a good year for hospitality and events, with the pandemic shutting down travel, large gatherings, venues and the desire to be physically close to other people. Burning Man has been canceled, Coachella was delayed and then canceled, there will be no Iowa State Fair and the $300 billion global wedding industry is almost entirely stalled.
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Future CFO
JUNE 18, 2020
This reports explains what Explainable artificial intelligence (XAI) is, why it matters to accountants, and how it works. Download The post Explainable AI: Putting the user at the core appeared first on FutureCFO.
Adam Kae
JUNE 18, 2020
Happy on Mondays. Happy on Mondays is a movement, a coaching business and most of all, my life mission. I believe the world would be a better place if everyone was Happy on Mondays. I’m Mimi Boyer, a Master Life & Success Coach, business coach, and Trainer of NLP and Hypnosis. I help ambitious entrepreneurs magnetize successful business so they can be Happy on Mondays.
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CFA Institute
JUNE 16, 2020
"The best way that you can be a decision maker in this type of environment is not to demand certainty.".
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
Future CFO
JUNE 17, 2020
While CFOs’ continued effort in cost cutting doesn’t come as a surprise, real estate is one of the most targeted expenses this year, said Gartner recently. According to the results of a Gartner survey of 103 CFOs and senior finance leaders taken at the end of May, CFOs will scale back spending by 4% to 11% across their selling, general, and administrative expenses (SG&A) functions for 2020.
PYMNTS
JUNE 15, 2020
Visa is working with Facebook so that consumers can fully use the new payments feature on WhatsApp in Brazil, the global digital payments giant announced on Monday (June 15). “As digital becomes the epicenter of daily life during the global pandemic, being able to move money in real-time is increasingly critical for consumers and businesses,” said Jack Forestell, Visa’s chief product officer, in a statement.
PYMNTS
JUNE 15, 2020
The owner of TikTok , the Chinese video sharing social network, is expanding into financial services with the family that owns OCBC Bank , the global financial services corporation headquartered in Singapore. ByteDance is negotiating with the Lee business family, as the technology group seeks to add banking to its portfolio, sources told the Financial Times (FT).
PYMNTS
JUNE 19, 2020
Universality is, well, universally, desired in business — particularly when it comes to technology and especially when it comes to person-to-person (P2P) payments. At a high level, allowing disparate and far-flung customers to interact with ease and pay one another across different types of devices, wallets and currencies means that commerce gets a bit more fluid.
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.
PYMNTS
JUNE 15, 2020
Everyone in a modern society needs to know how to read, so America spends an awful lot of time, treasure and talent developing literacy curricula for kids. We take a similar attitude when it comes basic math and science — but when it comes to financial literacy, only 21 states require financial education, Dr. Annamaria Lusardi recently told Karen Webster.
PYMNTS
JUNE 15, 2020
In times of crisis, we mortgage what we have to get to where we need to be. The pandemic has seen a flurry of capital raising as firms across all verticals have sought to shore up their balance sheets. By getting cash on the books, there’s the chance to keep going — to continue operating and pay expenses until the horizon is a bit clearer. Along the way, pledging assets that aren’t in use now can be an effective strategy.
PYMNTS
JUNE 18, 2020
More than 40 different FinTechs, digital currency companies and nonprofits are teaming up to launch a universal payment ID in a bid to make transferring money akin to sending an email. Members of the newly-formed Open Payments Coalition, which include GoPay, Ripple, Blockchain.com, BitPay, Brave, Flutterwave, and Mercy Corps, say the newly minted PayID will enable customers to send and receive money across any of their payment networks without the hassle of dealing with credit card or bank routi
PYMNTS
JUNE 18, 2020
A new service from FIS , Open Banking Hub, will allow customers to pay for items directly from their bank account, which has the benefit of never making them enter information through a third-party site, a press release says. The service will also allow customers to check their bank accounts during the process. Asif Ramji , chief growth officer at FIS, said that the simplicity was a draw for customers.
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
PYMNTS
JUNE 19, 2020
The Bank of Thailand plans to work on a new payment system for businesses using Central Bank Digital Currency (CBDC), according to a press release , which will be a step toward readying the business sector for the digital age. The release says the step will help CBDC reach wider audiences, beginning with corporate entities. The platform will enable businesses to access better payment efficiency, including more flexibility for fund transfers and faster payments between suppliers.
PYMNTS
JUNE 15, 2020
Supply chain disruptions and economic volatility have elevated risk exposure for many enterprises, but for small- to medium-sized businesses (SMBs) operating globally, that risk of exposure can be catastrophic. Indeed, for some SMBs, it already has, with economists anticipating a wave of bankruptcies and permanent SMB closures ahead. B2B FinTechs continue to step up to introduce new solutions for their customers with an eye on helping business owners survive this market crisis and persevere into
PYMNTS
JUNE 16, 2020
Online U.K. bank Monzo , fresh off a round of layoffs, has taken a major hit from the coronavirus pandemic, as shown by a funding valuation that is 40 percent lower than its valuation last year. Monzo’s precipitous drop in value was revealed when the virtual bank recently landed $75 million in new funding to weather the coronavirus crisis from a group of investors that reportedly includes Vanderbilt University and Swiss fund Reference Capital.
PYMNTS
JUNE 17, 2020
With ridesharing having taken a hit from the pandemic, Uber is pushing into a new sector: public transportation. Uber — or Uber’s software, to be exact — will soon be managing public transportation for Marin County in the San Francisco Bay area, the Financial Times (FT) reported. Uber has inked a deal with county officials under which residents of Marin, population 250,000, will be able to use Uber’s app to book rides on minibuses in Marin.
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PYMNTS
JUNE 17, 2020
The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. That’s the key finding from a new report from Deloitte, whose data is actually lacking the May sales spike of 17 percent. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales.
PYMNTS
JUNE 17, 2020
While many patients are avoiding office visits over fears they could catch COVID-19, doctors say the primary reason jobless Americans are staying away from healthcare providers is because they can’t afford to seek medical care, The New York Times reported. Kristina Hartman of Texas should know. The 58-year-old North Garland resident lost her job as administrator and had little choice but to cut back on health appointments.
PYMNTS
JUNE 19, 2020
More help for certain small business owners could be on the way if Congress approves another round of Paycheck Protection Program (PPP) loans. The Prioritized Paycheck Protection Program (P4) Act would allow businesses with fewer than 100 employees to get a second loan. To qualify, they must have spent or expect to exhaust their first PPP loan and can demonstrate a 50 percent revenue loss due to the COVID-19 pandemic, Yahoo!
PYMNTS
JUNE 16, 2020
Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S. House of Representatives subcommittee on Tuesday (June 16). “Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing.
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PYMNTS
JUNE 16, 2020
Tuesday (June 16) is marking a bit of a one-two punch on the Continent for Apple. The European Union announced that it is opening not one but two antitrust investigations into the tech giant, focusing on the company’s App Store and Apple Pay. “It appears that Apple sets the conditions on how Apple Pay should be used in merchants’ apps and websites,” European Commission Executive Vice President Margrethe Vestager, who focuses on competition policy, said in a statement announcing the probes.
PYMNTS
JUNE 17, 2020
A growing number of nations are looking to develop digital versions of their currencies, and now there might be regional initiatives taking shape to target the U.S. dollar’s supremacy on the global stage. For instance, Nikkei Asian Review recently reported that Chinese officials are mulling developing an “East Asia digital currency” in what might be a new front in the race among nations to issue fiat rendered in bits and bytes.
PYMNTS
JUNE 16, 2020
The year was off to a flying start for Chairish CEO Gregg Brockway. He said he felt good about the state of the high-end home decor market and his place in what was a rapidly growing eCommerce segment. In January and February, sales were in line with expectations, and good things were about to unfold. Then came March. “It was a really challenging, scary, crazy time,” he told PYMNTS CEO Karen Webster.
PYMNTS
JUNE 14, 2020
Like many small businesses, Bluebonnet Photography has been hurt by the pandemic as customers have canceled photo shoots, The Wall Street Journal (WSJ) reported. Now, the Tacoma, Washington, portrait studio is facing another challenge. Square , the San Francisco-based ePayment company, recently started holding 30 percent for every transaction for four months “to protect you and Square from unexpected loss events,” according to WSJ.
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