Sat.Jan 18, 2020 - Fri.Jan 24, 2020

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MoneyGram, Suez Canal Bank Team To Enable Egypt Money Transfers

PYMNTS

MoneyGram has partnered with Suez Canal Bank to let customers send money right into Egyptian bank accounts, according to a press release. The deal will expand MoneyGram’s presence in Egypt and give it access to Suez Canal’s large network of correspondent banks around the globe. The bank will also connect with MoneyGram’s platform and offer customers new deposit services to give customers an enhanced experience.

Banking 119
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What Is Enterprise Performance Management?

Jedox Finance

A new calendar year can be a great time to take a renewed, fresh look at your business planning and performance management. What has been working well? What hasn’t? Where to begin? Let’s go back to the basics for a few minutes: From the definition of Enterprise Performance management through its business value. How does EPM fit within a business’s existing technology architecture?

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How to Analyze Your Business Financials

Adam Kae

As a business owner, you see a lot of numbers from day to day. As you look at your financials, it may be overwhelming to make sense of everything. Today, we talk about the importance of regularly analyzing your finances and some easy tricks to do it! Be Organized Organization is a must for any business owner, but it especially applies when looking at your business finances.

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KYC to become more challenging

Future CFO

More than 90% of treasurers report that responding to KYC (Know Your Customer) requests is more challenging today than it was five years ago, according to a survey by SWIFT recently. . In addition, more than 50% reduced the number of banks they work with to avoid lengthy KYC processes, negatively impacting banking relationships, survey results indicate.

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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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Can Amazon Make Waving The Future Of Payments?

PYMNTS

The rumors about hand-based payments out of Amazon have been building for the last few months. In early September 2019, reports emerged that Amazon was testing hand recognition-based payments at Whole Foods locations using its New York employees and some custom-fitted vending machines as an initial experiment. There were also New York Post reports that the technology might make an appearance at Whole Food checkouts this year.

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Legislators Work On Proposal For Japan To Create Its Own Crypto

PYMNTS

In a move that signals Tokyo’s concern regarding China’s effort to make a digital yuan, as well as Facebook’s Libra, a collection of ruling party legislators is crafting a proposal for Japan to create its own cryptocurrency. However, Japan is not likely to issue crypto in the near future because of the legal and technical obstacles, Reuters reported.

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MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money , MoneyGram announced on Tuesday (Jan. 21). The Philippines-headquartered LuLu Money will use MoneyGram’s API-driven platform to interface with leading consumer-centric capabilities and advance its global network. Adeeb Ahamed, managing director of LuLu Financial Group , which is headquartered in Abu Dhabi, said the collaboration with MoneyGram “will revolution

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Banks’ Biggest Real-Time Liquidity Challenges

PYMNTS

Faster and real-time payments capabilities continue to proliferate in the global financial services arena, and consumers aren’t the only beneficiaries of the trend. Corporates, too, are beginning to explore opportunities in real-time transactions in areas like payroll and intra-company payments. The acceleration of the movement of money is likely to have significant implications for how organizations of all kinds – particularly banks and financial institutions (FIs) manage liquidity.

Banking 96
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Late Payments Cause Cash Flow Pain From UK To India

PYMNTS

Among other strategies, the U.K. has enlisted a name-and-shame approach to late-paying corporates. Yet analysts agree that the late B2B payments problem continues to worsen. According to recent reports by U.K. publication The Times , small to medium-sized businesses (SMBs) face an extra hurdle when chasing down late payments: collection efforts can damage the buyer-supplier relationship.

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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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New York City Council Bans Cashless Food And Retail Stores

PYMNTS

The New York City Council on Thursday (Jan. 23) passed a ban on cashless food and retail stores. The ban was reportedly spearheaded by Councilmember Ritchie Torres. After the decision, Stuart Appelbaum, president of the Retail, Wholesale and Department Store Union (RWDSU), praised the Council for doing away with cashless stores , saying that forcing customers to use only credit or debit is “discriminatory” and serves as a disadvantage for low-income customers, people of color, undocu

Retail 94
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Italian Postal Service Targets SMBs With QR Code Payments

PYMNTS

Italian postal service Poste Italiane is introducing a new payments technology in an effort to attract more domestic small businesses, according to a report by Reuters. Marco Siracusano, the head of digital payment company PostePay, shared the news on Friday (Jan. 24). Poste Italiane’s new technology will be based on QR codes , which let buyers pay for things using their phones without the use of a POS terminal.

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Proposed Laws Could Make Washington Leader In AI Regulation

PYMNTS

With an array of bills brought forward by lawmakers during this legislative session, Washington state could become a leader in artificial intelligence regulation. The legislation homes in on digital profiling as well as biometric screening and is part of a wider list of bills related to technology that the state legislature is mulling, GeekWire reported.

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Mastercard, SoFi Team Up On Debit Card, Payment Products

PYMNTS

Mastercard and digital personal finance company SoFi have teamed up on a suite of products and experiences to benefit SoFi’s nearly one million customers, the companies announced in a release. The partnership starts with the SoFi Money debit card, an offering that will exist exclusively on the Mastercard network. SoFi’s card will provide an additional way for customers to spend with their SoFi Money cash management accounts.

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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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Digital Currency Eyes Wholesale — Not Retail — Payments Down Under

PYMNTS

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. As stated in a report to the Senate Select Committee on Financial Technology and Regulatory Technology, the Reserve Bank of Australia (RBA) said it has “established a small in-house Innovation Lab as a way to strengthen engagement with, and understanding of, new and emerging technologies that are relevant to its policy and operational responsibilities

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Entersekt, Netcetera Team Up On eCommerce Payment Security

PYMNTS

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks. Two major Austrian card issuers are also using the technology.

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As Virtual And Augmented Reality Rise, Retail Use Cases Come Into Focus

PYMNTS

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world. These are still early days but trends are coming together — and expectations are rising, thanks not only the evolution of AR and VR technology, but the coming deployments of 5G mobile network ecosystems. PYMNTS research helps illustrate some of those recent developments.

Retail 84
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Mastercard, Rockefeller Foundation Launch Online Data Platform For Non-Profits

PYMNTS

The Rockefeller Foundation , along with the Mastercard Center for Inclusive Growth , announced their new platform data.org today in Davos. The site will be a dynamic platform for data science partnerships committed to improve the field’s social impact. The philanthropy organizations also revealed today a $10 million “impact challenge” to crowdsource data science initiatives and solutions for organizations in the non-profit, civic, and government space.

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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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Amazon Unseats Google In Fast-Growing EU Smart Home Market

PYMNTS

Europe’s smart home market growth increased in the last year, growing by 18.1 percent over the same quarter from 2018. “Amazon had a stellar quarter and was responsible for more than half of the smart speakers shipped to Europe in the third quarter of 2019,” said Antonio Arantes, senior research analyst for smart home devices in Western Europe. “In the digital media adapter space, the Fire TV continues to prove the strength of the product, leading in the United Kingdom and German markets.”.

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B2B FinTechs Start 2020 Strong With More Than $1B In VC Funding

PYMNTS

While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Venture capital (VC) is not easily available to every startup, but this week, VC investors hinted at a big year ahead for the B2B FinTech space.

B2B 79
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How kimkim Uses Faster Payments To Win Gig Worker Loyalty

PYMNTS

Gig workers will make up a full half of the American workforce by 2028, responsible for creating online content, designing webpages and conducting local food or historical tours, as well as ferrying passengers for rideshares or renting out their homes on homesharing platforms. This growing segment of workers took home $1.4 trillion in earnings in 2018, but many of these payments were sent out via frustratingly complex and slow payment methods.

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German Neobank N26 Sees 40 Pct. Customer Increase Since Summer

PYMNTS

German smartphone bank N26 , valued at $3.5 billion by investors, now has 5 million customers, co-founder Valentin Stalf said. Berlin’s most valuable FinTech startup grew from the 3.5 million users it reported in the summer of 2019. “We added more customers in 2019 than we did in all the prior years put together,” Stalf, 34, added in an interview. Stalf would not divulge financials or share market demographics, but noted growth at N26 was strongest in Germany, France and Austria, with Italy and

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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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Ripple Chief Teases Upcoming IPO

PYMNTS

Brad Garlinghouse, the CEO of Ripple, said that initial public offerings (IPOs) will start becoming more common in the fields of cryptocurrency and blockchain this year, according to a report by Cointelegraph. Speaking at the World Economic Forum in Davos, Garlinghouse said that Ripple itself might be one of those companies that could potentially go public.

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Ex Wells Fargo CEO Must Pay $17.5M, Is Banned From Banking

PYMNTS

Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. government, according to a report by CNBC. He will also have to pay $17.5 million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. The Office of the Comptroller of the Currency (OCC) said that there will also be a number of other individuals selected for punishment involving the fake accounts scandal, including other e

Banking 74
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Despite Papyrus’ Closing, Stationery Retail Is Not All Doom-And-Gloom

PYMNTS

Not to be cynical, but mention the world “stationery” to people these days and odds are they minds will move toward a similar word, stationary — the concept of lack of motion, as in a couch potato or a broken-down car on the side of the road. That’s understandable, given how viciously email, texting and other forms of digital and mobile communication have displaced actual writing — which, of course, would seem to reduce the need for actual stationery products.

Retail 73
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Wells Faces Continued Scrutiny After Scandals

PYMNTS

Wells Fargo ’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are continuing and don’t show any signs of abating any time soon, according to a report by Reuters. The financial institution has had accumulated more than $4 billion in penalties since the scandal broke, but it’s also dealing with a number of other issues.

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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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India’s Online B2B Marketplace Beldara Grows

PYMNTS

Mumbai, India-based online business-to-business (B2B) marketplace Beldara is planning a global expansion to link more international suppliers with overseas buyers, reports said on Thursday (Jan. 16). The two-year-old startup connects more than 5,000 brands in 30 categories, and has 450,000 products listed on its platform. “It is necessary to have a B2B platform that has a buyer’s back.

B2B 68
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BankUnited Blames Food Delivery Apps For Restaurant Debt Stress

PYMNTS

U.S. bank BankUnited says restaurant debt in its small business loan portfolios is showing signs of stress, and is blaming food delivery apps like Uber Eats for the problem. According to American Banker reports Friday (Jan. 24), BankUnited CEO Rajinder Singh warned that unlike other industries in its small business loan portfolio, such as businesses in the fitness market and other franchises, restaurant debt is strained.

Banking 67
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Mastercard On Helping Retailers Strike The Right Innovation Balance

PYMNTS

Mark Twain famously said there are three kinds of untruths: lies, damned lies and statistics. And nowhere is that aphorism better illustrated over the last decade than with the statistic that more than 90 percent of all retail sales took place at brick and mortar stores. It gave retailers the illusion that digital was the retail cart driven by the physical store horse.

Retail 67