Sat.Aug 24, 2019 - Fri.Aug 30, 2019

article thumbnail

Founder’s Guide to Venture Debt

The SaaS CFO

How Venture Debt Helps Founders Grow Their Businesses Many founders of SaaS businesses I speak with look only to equity to finance the start-up and early growth of their businesses. They may not be aware of, or do not appreciate the value of, venture debt financing which is complimentary to venture financing. In this guide […]. The post Founder’s Guide to Venture Debt appeared first on The SaaS CFO.

CFO 99
article thumbnail

Visa: New Cyber Threats Require New Fraud Tools

PYMNTS

The phenomenon of payments fraud is not a modern one — far from it. But as RL Prasad, SVP of payment system risk at Visa , told Karen Webster in a recent conversation, what is new today is the who and the how of fraud, particularly in a digital world. As for the who, Prasad told Webster that there are still plenty of attacks perpetrated by the more professional organized crime-modeled hacker gangs that are behind massive breaches that capture the headlines.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Return on Inertia (ROI): The Price of Standing Still

CFA Institute

Wealth managers should give as much weight to return on inertia as they do return on investment, says April J. Rudin.

article thumbnail

Finance: A journey to the future?

Future CFO

Finance functions across many organisations are at a key point in their development. They need to evolve to create the value sought by their customers, both internal and external. What is the nature of this challenge and how prepared are they for it? What is the relevance to attaining this future state of the discussion in which the finance community is engaged?

Finance 52
article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

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

article thumbnail

World Central Bankers Discuss Alternatives To The Dollar

PYMNTS

The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. 25). The Jackson Hole, Wyoming, conference was comprised of current and former central bankers, including Bank of England Governor Mark Carney , who has challenged the dollar’s position as the world’s reserve currency.

More Trending

article thumbnail

PNC Kicks Off RippleNet Cross-Border Transactions

PYMNTS

U.S. bank PNC has begun using RippleNet to facilitate cross-border transactions, reports said Thursday (Aug. 29). Fintech Futures reported that PNC is the first U.S. bank to use RippleNet’s blockchain network to move money across borders. The solution is available to corporate clients of the bank’s PNC Treasury Management unit, according to reports, and will enable PNC to offer businesses real-time global payments.

article thumbnail

Speed, Security And Simplicity: The Three S’s Of Payments Innovation 

PYMNTS

From the biggest transactions between enterprises to the small weekly allowances doled out weekly by 70 percent of America’s parents , there are three ingredients necessary when trying to reap the many rewards of digitization. First, it has to be fast , because no one likes standing in line. It has to be safe, because trust is the grease that keeps the financial services wheels spinning.

article thumbnail

MoneyGram And Vietnam’s HD Bank Team On Home Delivery

PYMNTS

Global payments company MoneyGram announced a new partnership with HD Bank in Vietnam to provide a home delivery service, MoneyGram said in a press release on Thursday (Aug. 29). . MoneyGram already has a home delivery network in Vietnam, but teaming with HD Bank offers customers more confidence money will arrive where it is supposed to and on time.

Banking 75
article thumbnail

Social Network Telegram Races To Release It’s Own Cryptocurrency

PYMNTS

While Facebook’s proposed cryptocurrency Libra hangs in regulatory limbo over concerns of money laundering and a threat to financial stability, popular social network Telegram has plans to release its own cryptocurrency by October, according to a report by The New York Times. “A whole new economy saturated with goods and services sold for cryptocurrency will be born,” the company said in 2017.

article thumbnail

Live Demo - Supercharge your Month End Close

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

article thumbnail

Bitcoin Daily: Hedgefund Billionaire Plans $1B Crypto Venture; Baton Gets Series A Funding

PYMNTS

Elwood Asset Management — owned by British billionaire and Brevan Howard Founder Alan Howard — is planning a $1 billion venture into the crypto hedge fund space. The asset manager is developing a platform that would tailor portfolios of cryptocurrency funds for institutional investors, the Financial Times reported on Aug. 30. Howard is launching a $1 billion endeavor for specially-designed cryptocurrency hedge fund portfolios.

article thumbnail

Cred Crypto Lender Names PayPal Veteran As CFO

PYMNTS

Cred , a global crypto-backed lending and borrowing platform, has announced the addition of two executive team members. Joe Podulka, a 10-year veteran of eBay and PayPal , joins Cred as chief financial officer. He was previously CFO and VP of Finance at Hearst Communications, where he helped drive the digital transformation for the media brand. He also spent 11 years at eBay/PayPal in a variety of roles in the U.S. and abroad, according to a press release.

CFO 74
article thumbnail

AI-Powered Visual Shopping Experiences For Millennials, Gen Z

PYMNTS

Retailers looking to engage tech-savvy millennials and Gen Z consumers are quickly doubling down on their efforts to offer more visual content and enhance the discoverability of their products and services. The need for fast, visual-based search systems is filtering into the mainstream, with Google recently revamping its Image tool to include a new user interface that allows shoppers to compare product images.

Retail 74
article thumbnail

How Open Banking Can Benefit Credit Unions

PYMNTS

While all financial institutions (FIs) operate on customer relationships, trust and loyalty can play a larger role for credit unions. According to PYMNTS’ Credit Union Innovation Index, 65 percent of credit union members said they chose a credit union (CU) as their primary because they trusted it, as opposed to 45 percent of non-CU members who said the same.

Banking 73
article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

article thumbnail

Tencent Is Bringing WeChat To Cars

PYMNTS

Chinese tech giant Tencent has said it will release a version of its ultra-popular WeChat app specifically for drivers to use in cars, according to a report by Reuters. The company is teaming up with China carmaker China Chang’an Automobile Group on the function. WeChat is China’s most popular chat app, with upwards of a billion users. The app will be integrated into upcoming car models later this year.

article thumbnail

The Three Golden Rules Of Growing Global Marketplaces  

PYMNTS

Gaining scale as a marketplace is, by-and-large, a good thing. . It’s a sign that one has successfully found a way to reach a stable base audience with its goods or services to such an extent that it is time to think about expanding that footprint. . However, as marketplaces start gaining scale, their thoughts turn to the global marketplace and how to expand fully into it, said Yapstone Executive Vice President and Chief Product and Technology Officer Sanjay Saraf to Karen Webster in a recent

article thumbnail

As Netflix Turns 22, Questions Remain About Subscriber Loyalty

PYMNTS

Turn off that TV show or movie — even if you are binge-watching this holiday weekend, just take a minute away from the addictive content — and wish a hearty happy birthday to the force more or less behind all your home-entertainment enjoyment. Yes, Netflix is another year old. The streaming and subscription service turned 22 on Thursday (Aug. 29). The trends sparked largely by this company since 1997 have led to new areas of commerce, new opportunities for payments and even potentially existenti

article thumbnail

Upcoming Tell-All Book Questions Uber’s Fee Structure

PYMNTS

Uber is trying to reassure its customers before a tell-all book about the company is released. One excerpt of the book, authored by New York Times reporter Mike Isaac , reveals that Uber misled customers into paying $1 more per ride by telling them the rideshare giant would use the proceeds to pay for an “industry-leading background check process, regular motor vehicle checks, driver safety education, development of safety features in the app, and insurance.”.

article thumbnail

Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

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.

article thumbnail

SMBs Hang In The Balance Of Bank-FinTech Collaboration

PYMNTS

Small businesses have historically been deemed as unprofitable by major banks, with FIs’ innovation efforts often prioritizing consumer products, followed by commercial banking offerings. The twist is, that gap in small business banking innovation led external FinTechs to step in and today, small business banking is a highly competitive, and highly innovative, area of financial services.

Banking 69
article thumbnail

 FinTech Collaborations and Frameworks Gain Steam in Asia

PYMNTS

In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. As reported by AltFi , the People’s Bank of China (PBOC) has said that the sector represents a “new” growth engine. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.

Banking 69
article thumbnail

When Micro Supply Chain Frictions Create Major Payment Bottlenecks

PYMNTS

Down supply chains, paper checks indeed remain the dominant way companies pay suppliers, logistics service providers and business partners. While the payment method is far from efficient — paper requires manual data entry, expanding the risk of mistakes and fraud and taking up valuable time — it’s often the actions before the actual act of payment bogging up cash flow.

B2B 66
article thumbnail

New Nike Shoes Respond To Siri Commands

PYMNTS

Nike’s new Adapt Huarache shoes work with voice commands on Siri and Apple Watch , allowing owners to adjust the fit and lace and unlace their sneakers, CNBC reported on Thursday (Aug. 29). This redesign of the 1991 Nike Huarache uses FitAdapt self-lacing technology, similar to the Nike Adapt BB shoes that were announced in January. The latest iteration of FitAdapt allows for more personal preferences, environments and situations.

article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

article thumbnail

Breach At Cybersecurity Firm Imperva Exposes User Data

PYMNTS

California-based Imperva , a principal cybersecurity provider that works to prevent website breaches, has said it was hacked, The Next Web reported on Wednesday (Aug. 28). The popular security vendor said its cloud-based firewall product exposed user data online, including email addresses, passwords, API keys and SSL certificates. The hack affects customers using the Cloud Web Application Firewall (WAF) product.

article thumbnail

Mastercard On The Opportunity Ahead For ePayables

PYMNTS

In the quest to streamline B2B processes, and to move beyond the way things have always been done – especially when it comes to managing payments and cash flow — ePayables are gaining traction with financial professionals. As noted in a recent Optimization and ePayables Playbook , more than one-third of businesses are “enthusiastic” about adopting that innovation, with an eye on improving day-to-day operations.

article thumbnail

Building A DTC Men’s Personal Care Brand With eCommerce

PYMNTS

To provide men’s personal care items that feel like premium brands at accessible price points, eCommerce innovators are building product lines through the direct-to-consumer (DTC) model. Take Huron , which sells body wash, face lotion and face wash through its website. Founder Matt Mullenax was inspired to start the brand after cutting his teeth in the DTC world as an early employee at Bonobos.

article thumbnail

How Square’s Orders API Became Central To Its Strategy

PYMNTS

When Square released its first set of developer application programming interfaces (APIs) about five years ago, the focus was to attract partners able to give its sellers tools to more effectively manage their point of sale data. The archetypical example, Square Developer Platform Lead Carl Perry, told PYMNTS in a recent conversation, was QuickBooks.

Sales 65
article thumbnail

Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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.