PYMNTS
OCTOBER 12, 2019
The fact that our connected devices are getting to know us pretty well is, by now, well-known. A phone that can unlock a hotel room door. A smartwatch that can call an Uber. A connected car that can not only help the driver find the closest burger joint, but can also order ahead. A voice assistant that can add stuff to a shopping list and then order and arrange for its delivery.
Future CFO
OCTOBER 18, 2019
IMF has downgraded global growth once again. Global growth is forecast at 3% for 2019, its lowest level since 2008–09 and a 0.3 percentage-point downgrade from the April 2019 World Economic Outlook. Growth continues to be weakened by rising trade barriers and increasing geopolitical tensions, IMF noted. . According to the fund, trade volume growth in the first half of 2019 has fallen to 1%, the weakest level since 2012.
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CFA Institute
OCTOBER 17, 2019
We all start out single and most women, whether they marry or not, will end up that way. Barbara Stewart, CFA, considers the implications.
Jedox Finance
OCTOBER 15, 2019
A modern enterprise performance management strategy offers significant improvement to the functions of controlling. Having one helps modernize planning processes and provide a measurable advantage for organizations of all sizes and sectors. The New Face of Finance. Digital transformation affects almost every business unit. Above all, the role of the controller is changing significantly as a result of the new framework – away from the traditional accounting functions and towards becoming a strate
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PYMNTS
OCTOBER 14, 2019
Payroll and human resource management solution provider Paychex has unveiled a range of new solutions and services at the 2019 HR Technology Conference & Exposition event late last month. In a press release , Paychex announced support for wearable technology through the planned debut of a smartwatch app that enables employees to automatically track time worked.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFA Institute
OCTOBER 13, 2019
Just how well have artificial intelligence (AI)-focused companies and AI-managed exchange-traded funds (ETFs) performed?
PYMNTS
OCTOBER 13, 2019
The parent company of WeWork is at a junction after its initial public offering (IPO) tanked and its chief executive officer stepped down, Reuters reported on Sunday (Oct. 13). Lead investor SoftBank has a financing package in place to command WeWork and put the firm’s founder — Adam Neumann — further aside, sources told The Wall Street Journal. SoftBank gave WeWork a financing offer that would give it control.
PYMNTS
OCTOBER 14, 2019
As the digital economy grows, you can bet that crowdsourcing will become an even bigger part of innovation and disruption, along with hiring and investment — all of which will serve to help build only new companies but vital digital infrastructure. One big recent example in favor of such points comes from Goldman Sachs. A Goldman Sachs program called GS Accelerate enables Goldman employers to pitch their bosses on potential new companies, according to CNBC.
PYMNTS
OCTOBER 14, 2019
Renault has started a public trial of its on-demand car service on the Paris-Saclay urban campus, according to a press release on Monday (Oct. 14). A panel of around 100 people will use the service — provided by two electric, autonomous and shared Renault Zoe Cab prototypes — on the campus from Oct. 14 through Nov. 8. . Two cars with different features will be tested, with passengers able to hail them using the mobile app, Marcel Saclay, which was designed specifically for the ZOE Cab experiment
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
OCTOBER 14, 2019
Drivers can’t make ends meet. Given the median income of roughly $25,000 a year and the number of hours required behind the wheel to earn that, drivers’ wages fall well below the federal hourly minimum wage. As independent contractors, drivers also have no benefits. After taking into account expenses like gas and insurance, there’s barely enough left over to meet their daily living expenses.
PYMNTS
OCTOBER 16, 2019
SoftBank and JP Morgan are in talks to rescue WeWork before it runs out of money, which is expected to happen by mid-November, CNBC reported on Tuesday (Oct. 15). Sources told CNBC that talks between SoftBank and JP Morgan have been ongoing ever since the startup’s IPO was pulled about two weeks ago. The bailout could involve equity from SoftBank and debt from J.P.
PYMNTS
OCTOBER 16, 2019
Global payments solution SnapPay announced the rollout of facial recognition payment technology for North American merchants. SnapPay said the technology gives users greater convenience and security when shopping at mainstream retailers. Although it is based on the same tech that is available now in Asia, SnapPay is initially launching in North America to select retailers.
PYMNTS
OCTOBER 14, 2019
Mastercard is teaming with the taxi ride-hailing app Curb to help the American Cancer Society’s Road to Recovery program, which provides free rides to patients going for cancer treatment, Mastercard announced in a press release on Monday (Oct. 14). “Taxis have long been a primary means of transportation for those unable to drive themselves,” said Amos Tamam, CEO of Curb Mobility.
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
OCTOBER 14, 2019
With the unveiling of the first Amazon Go store in Seattle last year, multiple challengers have been inspired to offer new methods for shoppers to grab items from a store and avoid the checkout line. Standard Cognition and Zippin are two firms that are putting forward their apps and systems as alternatives to Amazon’s cashierless technology, The Wall Street Journal reported.
PYMNTS
OCTOBER 13, 2019
U.K. FinTech company Revolut wants to raise as much as $1.5 billion so that it can expand globally. According to The Financial Times , a source familiar with the matter revealed that the company has hired JPMorgan to raise $500 million in new equity from investors, as well as secure a $1 billion convertible loan. Launched five years ago, Revolut has almost 8 million customers, offering digital financial services through a mobile application including digital debit accounts, currency exchange, bu
PYMNTS
OCTOBER 16, 2019
At multiple restaurants operated by one of its franchisees, Outback Steakhouse is testing machine learning (ML) technology from Presto. The test is focused on the restaurant lobby, but could grow to the kitchen, curbside pickup and dining room areas, CNBC reported. Presto Founder and CEO Rajat Suri said the technology assists restaurants in fixing blind spots, noting that “managers can’t be everywhere at all times.
PYMNTS
OCTOBER 14, 2019
British cybersecurity software company Sophos is being acquired for $3.8 billion by U.S. private equity firm Thoma Bravo , Bloomberg reported on Monday (Oct. 14). Sophos’s three biggest shareholders — Apax Partners and founders Jan Hruska and Peter Lammer — agreed to a cash offer of $7.40 per share. The takeover is among the biggest private U.K. tech deals in recent years.
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PYMNTS
OCTOBER 13, 2019
High-interest consumer loans — often known as payday advances — are now banned from having apps on the Google Play store, The Wall Street Journal (WSJ) reported on Sunday (Oct. 13). . Apple doesn’t have a similar ban, but the company told the WSJ that it routinely reviews its App Store rules to “address new or emerging issues.” Lenders in the payday loan space are not happy about the move, though, saying they would have to leave the business or slash rates. .
PYMNTS
OCTOBER 14, 2019
Everyone loves a good, free introductory offer: the month of free access to a streaming service, the free lift from a ridesharing service, the free meal kit delivered right to the front door. Brands know that customers like these offers, which is, of course, why they offer them. They are a great way to get that foot in the door with a consumer, and give them a chance to consider how much they might like to continue using the service — for a reasonable fee.
PYMNTS
OCTOBER 14, 2019
The trouble with existential threats is they very rarely show up and announce themselves. When Amazon launched in 1995, it looked to most as a one-trick eTailer that sold books online. A quarter-century later, that online bookstore has profoundly changed the retail landscape and every player operating within it. It would take the better part of two decades for most retailers to see Amazon as much more than a niche business responsible for a tiny fraction of all retail sales on a channel they nev
PYMNTS
OCTOBER 16, 2019
Mastercard has outlined its intentions with blockchain after its high profile exit from the Libra Association, a coalition of many successful companies meant to help guide and foster oversight of Facebook’s proposed cryptocurrency. “Following our withdrawal from the Libra Association membership process last week, we’ve received a great deal of interest in understanding how we evaluate technologies, programs and partners that have the potential to evolve the payments industry and enhance the valu
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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.
PYMNTS
OCTOBER 13, 2019
The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. 11). The digital bank said at the Brazil Investment Forum in Sao Paulo that it has 15 million clients, according to Nubank founder and CEO David Vélez. Vélez said that 10 million out of the 15 million clients are holders of the bank’s credit card.
PYMNTS
OCTOBER 14, 2019
New data from U.K. Finance shows that contactless payments in the country continue to grow. In fact, almost 50 percent of all debit card payments are contactless. In July of this year, cardholders in the U.K. made 1.5 billion transactions with their debit cards, which is a jump of 8.9 percent from the previous year. The total amount of the transactions was £50.7 billion ($63.8 billion), which is an increase of 1.4 percent from a year ago.
Future CFO
OCTOBER 16, 2019
Editor’s Note: For our Female Leadership in Finance Series , Teresa Leung recently had a chat with Cyndi Pei, Senior Vice President, Group Finance and Group Financial Controller at Singapore-listed beverage company Yeo Hiap Seng. While priority setting is an issue facing everyone, a CFO who has multiple responsibilities at work and is a mother of young children must do it right to stay focused, committed, and efficient.
PYMNTS
OCTOBER 13, 2019
Chinese eCommerce platform Club Factory has raised $100 million in a Series D funding round as it plans expansion into India, sources reported on Friday (Oct. 11). The new funding was led by Qiming Venture Partners, Bertelsmann, IDG Capital “and other Fortune 500 companies from the U.S. and Asia,” the startup said. . Club Factory has raised about $220 million to date and has more than 70 million users.
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