PYMNTS
JUNE 8, 2020
United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. Low interest rates, he said, were the main enticement for people to come and join a new bank — but they would be obsolete in competition against an official digital currency, which could easily process a digital payment the same way.
Future CFO
JUNE 11, 2020
As the pandemic continues to develop and the road to recovery is expected to be a long one, business leaders and professionals must adapt and be agile to the challenges that are presented to them on a daily basis, with valuable lessons to be learned along the way, said Simon Lance, Managing Director for Hays Greater China recently. According to him, there are four key priorities that business leaders can consider going forward.
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Jedox Finance
JUNE 10, 2020
Version 2020.2 helps Jedox customers save time in corporate reporting with new customizable Themes that can be shared with all users for instant View formatting. This is the final post in our series featuring new features in Jedox 2020.2.
CFA Institute
JUNE 11, 2020
The editors are to be commended for creating a genuinely valuable resource for wealth management specialists.
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PYMNTS
JUNE 12, 2020
As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyber attacks.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
Planful
JUNE 11, 2020
For the past few months, we’ve been closely monitoring the planning landscape and coming to some realizations. One of them is this: despite the time and resources that go into the planning process, financial plans and budgets — now more than ever — remain at risk of being outdated before they make it out the door. The uncertainty over this period is evidence of this.
CFA Institute
JUNE 7, 2020
The active equity strategies of European managers are at significant risk.
PYMNTS
JUNE 7, 2020
Chuck E. Cheese , the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports. The chain has also approached lenders in the past few weeks to feel out possible interest in a $200 million loan to help pay for a stay in bankruptcy, a source said, as reported by WSJ.
Future CFO
JUNE 8, 2020
Is your organisation looking to tap the scalability, flexibility and borderless connectivity that cloud has to offer? One of the first enterprise-wide business functions to benefit from the cloud is accounting riding on the migration of enterprise resource planning (ERP) system from on-prem to the cloud. Following over two decades of learning, businesses continue to advance from this evolving and maturing technology.
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 10, 2020
TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. The EU’s investigative unit will form a task force to examine TikTok’s activities across the 27-nation bloc following a request from a lawmaker concerned about its data collection and its security and privacy risks. EU authorities can fine companies for violations under the General Data Protection Regulation (GDPR).
PYMNTS
JUNE 11, 2020
Singapore-based cross border-payments platform TranSwap will partner with Currencycloud , which provides B2B embedded cross-border solutions, to let businesses collect and hold numerous currencies in the U.S., U.K., EU and other countries, a press release states. By using Currencycloud Spark, TranSwap will be able to offer the Global Borderless Virtual Account (GBVA) to customers, enabling funds to be held in 34 currencies and allowing more flexibility for cross-border payment solutions, through
PYMNTS
JUNE 12, 2020
Trillions of dollars in federal COVID-19 stimulus payments are being disbursed through paper checks, prepaid debit cards and direct deposit
PYMNTS
JUNE 9, 2020
Physical brick-and-mortar retail was suffering long before the pandemic. As the great shift to digital continues, the last three months have shown that consumers are not only used to conducting commerce in bits and bytes — they like it. Consider the findings of a PYMNTS consumer survey , where 42 percent of consumers are engaging in even the most routine activities online, and as much as $158 billion in brick-and-mortar sales are moving to digital channels.
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 12, 2020
If restaurants, bars and cafes come roaring back after months of being shuttered worldwide, LG Electronics could be one of the big winners. The South Korean global electronics company headquartered in Seoul has partnered with online food delivery platform operator Woowa Brothers and the Korea Institute for Robot Industry Advancement (KIRIA), an incubator for robot startups, to develop robot waiters, LG announced Friday (June 12).
PYMNTS
JUNE 9, 2020
The Federal Communications Commission ( FCC ) is working on facilitating 5G wireless networks across the U.S., according to a press release. The FCC is doing so by looking into how it can speed up the upgrades to existing wireless infrastructure through state and local rules, the release states, in order to provide the high-speed 5G networks which are “critical to expanding economic opportunities and supporting public health and safety in American communities.” In 2012, Congress pass
PYMNTS
JUNE 9, 2020
MoneyGram has been doing well in May, illustrated by a triple-digit percentage increase in digital transactions. The popular money transfer app reported a 100 percent growth increase year-over-year in May, a press release states. That’s a significant jump from the company’s 57 percent digital transaction spike in the first quarter. The growth in May was driven by MoneyGram Online, the company’s direct-to-consumer (DTC) channel, which reported 107 percent growth and over 80 perc
PYMNTS
JUNE 7, 2020
As Americans seek relief from cabin fever after months of shelter-in-place orders due to the pandemic, vacation rentals are on the rise, Bloomberg reported. “People, after having been stuck in their homes for a few months, do want to get out of their houses; that’s really, really clear,” Airbnb CEO Brian Chesky told the news service. “But they don’t necessarily want to get on an airplane and are not yet comfortable leaving their countries.”.
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PYMNTS
JUNE 9, 2020
Cybercrime is surging during the COVID-19 pandemic as fraudsters seize on increased online activity to steal consumers’ sensitive personal details. As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. FinTech firms and government bodies are responding to the wave of cybercrime by developing new anti-money laundering (AML) and know your customer (KYC) technologies, particularly those levera
PYMNTS
JUNE 11, 2020
The California agency that regulates ride-hailing companies Uber and Lyft said their drivers are considered employees under the state’s new gig work law, the latest development in the fight over drivers’ status, Reuters reported. In a letter to the ridesharing companies , Douglas Ito, director of the California Public Utilities Commission (CPUC), reminded them of the July 1 deadline to secure workers’ compensation coverage for drivers.
PYMNTS
JUNE 7, 2020
On Friday night (June 5) Google Assistant, the artificial intelligence–powered virtual assistant for mobile and smart home devices, was updated to include doorbell and clothes styler devices, which will soon be available widely, reported 9To5Google. Last month, the Google-focused , online news service reported that as Spring emerged, people are looking for ways to keep cool indoors.
PYMNTS
JUNE 11, 2020
The pandemic is setting the stage to change just about every aspect of running a business. With market volatility and economic pressure higher than it has been in more than a decade, the ways businesses manage and account for their money is inevitably included in that wave of operational change. That means significant implications for the ways accountants and auditors operate both within an enterprise and externally from it.
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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
JUNE 11, 2020
The COVID-19 pandemic has upended the way businesses and government agencies verify their customers’, clients’ and citizens’ identities. Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance.
PYMNTS
JUNE 8, 2020
With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. A Chapter 11 filing would let the firm maintain the operation of some of its brands as it looks to sell other names and could come as early as July, Bloomberg reported, citing unnamed sources.
PYMNTS
JUNE 10, 2020
In what is seen as the latest marriage between tech and Wall Street, Amazon has partnered with Goldman Sachs to launch a digital credit line for U.S. merchants, CNBC has learned. Here’s how it would work: small and medium-sized business (SMB) sellers on the eCommerce website can access Goldman’s Marcus revolving credit up to $1 million at a fixed annual interest rate of between 6.99 percent to 20.99 percent that can be drawn and repaid like a credit card, sources told the network.
PYMNTS
JUNE 7, 2020
Facebook has launched, what it calls, a new way to train artificial intelligence (AI) in chatbots. Researchers at the social network giant described how data about human conversations is the key to improve shopping chatbots, according to a technical report shared by VentureBeat. Dubbed “Situated Interactive MultiModal Conversations (SIMMC),” its goal is to allow AI chatbots to show an object and explain what it’s made of in response to images, memories of previous interactions and individual req
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