Sat.Mar 11, 2017 - Fri.Mar 17, 2017

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Flashy FinTech Not Always The Answer To Better Corporate Banking

PYMNTS

Financial software firm Misys had a bit of a roller coaster year in a market constantly in flux. The U.K. company canceled its IPO last October, citing “ current market conditions” as its reason behind deciding not to pursue an estimated $7 billion float on the London Stock Exchange. Those market conditions present interesting obstacles and opportunities for everyone in the banking FinTech space.

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Unify Planning, Modeling, Reporting and Analytics

Planful

Learn how you can use technology to automate and accelerate your business’ most important finance functions. Bringing the Budget in Line with Other Processes. What does your current budgeting process look like now? If your answer is, “It’s disorganized and lengthy,” EPM software will help. You can’t create a budget without drawing information from several sources.

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And The Payments And Commerce Innovation Winners Are…

PYMNTS

Awards Ceremonies look easy enough from the outside, but are a lot harder to do right than just getting attractive and talented people in a room, putting them in their evening wear finest and honoring them for their myriad achievements. Sure, when it goes right, things look that easy — but when things go wrong … well, we all saw the Oscars this this year.

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Retail Sector To Boost Mobile POS Terminal Market Value To More Than $103B By 2023

PYMNTS

A new report by Global Market Insights reveals that the market size for mobile POS terminals will gain significant growth in the coming years, with a compound annual growth rate (CAGR) of more than 19 percent from 2016 to 2023. According to a press release , the POS Terminal Industry is expected to be valued at $103.52 billion by 2023, with the growing demand for mobile-based features, such as online payments, and the preference for smartphone or tablet usage boosting the market’s growth.

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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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NEW REPORT: Can Iris Biometrics Get Banks, Customers Seeing Eye-To-Eye?

PYMNTS

As banking becomes more digital, more financial institutions are turning to technological solutions to bring more customers on board. Several banks are rolling out banking solutions that are specifically focused on winning over millennial customers as they come of age and join the marketplace as adults. Some millennial-focused banking solutions include financial tools to help users manage their money and meet their financial goals.

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Artificial Intelligence Takes On Risk Of Invoice Non-Payments

PYMNTS

Fear is holding back small businesses from trading internationally, according to a report from HSBC late last year. Specifically, a lack of international business knowledge and experience has small suppliers reluctant to step onto the global stage. Those fears aren’t necessarily unfounded, either. Stepping onto the international market means exposure to new types of risk, including the risk of non-payment from a foreign, unfamiliar corporate client.

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JPMorgan Chase Buys MCX’s Payments Technology To Expand Chase Pay

PYMNTS

JPMorgan announced Monday (March 13) it has inked a deal to acquire MCX’s payments technology in an effort to expand Chase Pay, its mobile and digital wallet for its Chase customers. In a press release , JPMorgan said the transaction is expected to close in the coming weeks and that MCX is the largest merchants’ network in America. Since MCX’s members were already connected to MCX, payments technology connecting to Chase Pay was seamless, JPMorgan noted.

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Turns Out Millennials Buy Their Clothes On Amazon

PYMNTS

As retailers across categories fawn over shares of millennial spending power, new insight from market research and analytics firm Slice Intelligence indicates that, in terms of apparel market sales, one online retailer appears to have already won the battle. Here are some of the key findings. First, millennials reportedly accounted for the largest share of online apparel revenue in both 2015 and 2016 across generations — 35.2 percent in 2015 and 34.6 percent in 2016.

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India Digital Payments Companies Forced To Step Up Their Game

PYMNTS

The government of India is launching three tools that will help cashless payments gain adoption but could hurt some of the leading electronic payment providers in the country, including Paytm, MobiKwik, FreeCharge, Citrus, ItzCash and Oxigen, if they don’t step up their game. According to a report in Reuters , the government is rolling out a United Payments Interface (UPI) app that makes it easier for interbank fund transfers and Aadhaar Pay, which is a payment service that is linked to a bank a

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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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The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. Only 13 percent say they’re willing to jump on the innovation bandwagon. Clearly, there’s still a long way for SMEs to go before they fully embrace FinTech – and the latest research on the topic reinforces the notion that small businesses aren’t using technology the way some may have hoped. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot

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Integrating Iris Scanning Biometrics With An Eye On Banking Inclusion

PYMNTS

New digital authentication tools are allowing India’s rural consumers to open bank accounts in the blink of an eye. As India moves to a cashless society, new digital banking tools — such as iris scanning technology — are being adopted by the nation’s banks to help verify customers’ identities. The availability of these digital tools is expected to expand significantly in India, following the Indian government’s decision to remove 500- and 1,000-rupee notes from circulation last year.

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Blockchain Tracker: Insurance Industry Feels Blockchain Impact

PYMNTS

Blockchain technology has the potential to impact nearly every industry involving money. One area in which we’ve seen innovation break through recently may come as a surprise: insurance. If there was any industry that could be viewed as the definition of mundane and stuck in its ways, it would be insurance. However, earlier this week, we reported on a virtual insurance agent company partnering up with Facebook to offer quote comparison shopping via the social media giant’s Messenger chatbot.

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Penta Launches To Help SMEs Cherry-Pick Banking Services

PYMNTS

Small business and startup banking company Penta, based in Germany, is teaming up with solarisBank for faster access to bank accounts. An announcement Friday (March 10) said Penta is looking to accelerate availability to bank accounts for its SME and startup business customers in Germany and link them to deposit account and payment card solutions. In its announcement, Penta said the partnership with solarisBank will allow small businesses to spend more time focusing on their companies and less t

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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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Bitcoin Tracker: Crypto-Roller Coaster

PYMNTS

It has been another wild ride of a week for bitcoin in the wake of the SEC ruling. At the tail end of last week, the Securities and Exchange Commission ruled the proposed Winklevoss bitcoin ETF a no-go by nixing a proposed rule change that would have led to the fund being listed on the Bats BZX Exchange. The reason? Lack of oversight, regulation and the potential for fraud in the broader bitcoin space.

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SAP Looks To Address Risky Security Vulnerabilities

PYMNTS

Software maker SAP announced on Tuesday (March 14) that it patched cybersecurity flaws on its HANA software product. According to Reuters , the vulnerabilities addressed had the potential to allow hackers to have control over the databases and business applications utilized by large global firms. In many cases, cyberattacks on the software databases of these types of companies can be more lucrative for hackers.

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Gmail Mobile App Now Lets Users Exchange Funds

PYMNTS

Google announced on Tuesday (March 14) that the Gmail app on Android will now enable people to send and request money from anyone, even if they do not have a Gmail address. “Whether you’re splitting a dinner bill or planning a group trip, you now have a fee-free way to work out the details and settle up without ever leaving the Gmail app on Android, just like you can already do on the web,” Sam Kansara, a product manager at Google, said in a blog post.

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VCs Back Autobooks For SMB Banking

PYMNTS

U.S. FinTech Autobooks announced new funding to support its SMB banking solutions. Reports Monday (March 13) said Autobooks secured $5.5 million in Series A financing led by Draper Triangle. The company provides online banking platforms with small business solutions to help FIs better service their SMB clients. The company cited research from Below Research that found 70 percent of SMBs say they would use a cash flow management solution if it were offered by a bank, representing a gap between wh

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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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Chatbot Tracker: The Birth Of Chat-Commerce’s Impact On Retail

PYMNTS

One of the topics we’ve touched on over the past few weeks in this column lies at the intersection of chatbots and eCommerce. From Domino’s Pizza to ATB Financial and more, there have been several developments over the past year when it comes to these two forces joining to provide an enhanced customer service offering. The ability of both chatbot technology’s natural language and artificial intelligence (AI) to interpret what is being said gives businesses a more succinct way of analyzing and mo

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“Fixing” the Blockchain Is Dividing The Miner Community

PYMNTS

The blockchain has a problem — it is really, really backlogged. As bitcoin has gotten more popular, the number of people trying to use it has grown, and along with it the number of transactions on the good old blockchain technology that underpins bitcoin. The problem is that verifying all those transactions has slowed due to the most profound backlog bitcoin has ever experienced — the number of transactions awaiting verification is up more than fivefold from a year ago.

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Xero Introduces Machine Learning Into Accounting Platform

PYMNTS

SME accounting firm Xero is integrating machine learning technology into its solution, the company announced this week. Reports Tuesday (March 14) said Xero is deploying a machine learning automation system that will help businesses’ specific needs, including automated invoice categorization. According to the company, the technology will learn over time how to categorize those invoices so accountants and small business owners will no longer have to do so manually.

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Teaching Chatbots To Speak The Language Of Consumers

PYMNTS

Yes, technology is enabling machines to communicate more efficiently with humans. But truth be told, that communication isn’t always smooth. While artificial intelligence interfaces like Amazon’s Alexa have come a long way, there are way too many times where consumers still feel like they’re talking to a robot that delivers a lot more misses than hits.

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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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Are Shopping Centers Actually Doing Better Than We Think?

PYMNTS

International Council of Shopping Centers CEO Thomas McGee told The Miami Herald that the ongoing message that shopping malls and center are coming to an end isn’t quite true. Instead, he said that while people think of shopping centers as endangered, they are actually just evolving. “There is stress in the department store segment and closures. When you look at those stores as a percentage of retail square footage, it’s small,” McGee said during the interview with the paper.

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The SEC Sinks Bitcoin ETF Dreams (For A Bit, Coin For Now)

PYMNTS

Is a bitcoin ETF DOA? If not, how about: ETF, ETA? News Friday (March 10) that the Securities and Exchange Commission (SEC) nixed a proposed rule change that could have given rise, sooner rather than later, to a bitcoin exchange-traded fund (ETF) took the wind out of the proverbial sales (pun intended) or the proverbial luster off the virtual currency for a spell. .

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FBI Presents Theory On How Yahoo’s Breach Went Down

PYMNTS

The Department of Justice bringing charges against two spies in Russia and two hackers who allegedly took part in the massive data breach that rocked Yahoo recently has now shed light on exactly how these breaches took place. During a follow-up briefing on Wednesday (March 15), the FBI shared its insight on how Yahoo’s user data and technology was compromised so significantly over a two-year period.

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Rising Rates, Rising Expectations?

PYMNTS

The Federal Reserve went ahead with a widely expected decision to boost short-term interest rates Wednesday. And as is so often the case, the action begs the question as to what lies next, as in right around the corner. At this writing, just as the announcement was being released, stocks were higher, but not by much. It may be no surprise that banks stocks were widely higher, given the fact that higher interest rates presage growing returns on lending activity, which should boost margins and eve

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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.