PYMNTS

JULY 15, 2019

Call it remittance on a global scale, or P2P without borders. PayPal said on Monday (July 15) that it is launching Xoom, its international digital money transfer service, in the United Kingdom and 31 markets spanning Europe. The company said “the service will benefit millions,” including more than nine million people living in the U.K., and will pay out remittances to other individuals living in Nigeria, India, China, the Philippines and beyond, across 130 countries.

Banking 80

Banking Compliance Accounting Marketing 80

Jedox Finance

JULY 18, 2019

“Transformation!” is the clear message from Chief Financial Officers. To do that we must address the mindset of the entire FP&A team. Operating within your organization’s framework, as we discussed in the previous posts in this blog series , will frame how your FP&A team carries out this mandate. We asked several Financial Planning and Analysis professionals to share their perspectives on the mindset needed for success now and in the future.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Net Present Value (NPV) Budgeting Leadership 59

FPA Insider

JULY 16, 2019

The role of the Chief Financial Officer is rapidly changing. A CFO can no longer simply depend on crunching numbers and focus narrowly on the company’s balance sheet. Today, CFOs need to know how to take a broader perspective and embrace disruptive technology, analytics, and other new and developing variables. Similar to natural selection, CFOs need to evolve in order to survive.

CFO 52

CFO Data Analysis Risk Management Forecasting 52

CFA Institute

JULY 18, 2019

Riccardo Rebonato combines theory with current empirical evidence to build a robust understanding of what drives the government bond market.

Marketing 52

Marketing Economics Investments 52

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

PYMNTS

JULY 15, 2019

More than $1.2 billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. Canadian exchange QuadrigaCX ’s former CEO, Gerald Cotten, allegedly embezzled approximately $195 million of clients’ money, for example, and his recent death left the company without the passwords required to access most of its customers’ holdings.

Auditing 77

Auditing Securities Compliance Accounting 77

PYMNTS

JULY 15, 2019

A group of companies in South Korea are collaborating on a blockchain network to be used for mobile authentication services, according to reports. . Samsung Electronics; banks KEB Hana Bank and Woori Bank ; telecom companies SK Telecom , LG Uplus and KT ; and Koscom , an IT service subsidiary from the Korea Exchange, are all part of the group. The companies want to let users protect their own data with the service, which will also allow people to save information from institutions as well as oth

Banking 76

Banking Advertising Securities Technology 76

PYMNTS

JULY 14, 2019

Samsung has reached an agreement with an online marketplace for financial products in India that will allow consumers to apply for credit cards and loans through the Samsung Pay app. In a deal Samsung signed with Paisabazaar.com, India’s largest online marketplace for financial products, predictive algorithms will connect customers with the lenders most likely to say yes, FinExtra reported.

Startups 76

Startups Investments Accounting Planning 76

PYMNTS

JULY 16, 2019

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. Banks are innovating their application programming interface (API) platforms to allow for more third parties, while online merchants are prepping for a potential loss in revenue due to the security frictions that SCA might bring. Both are looking to maintain quick, efficient service to which end customers have become accustomed when it comes to online purchases and transactions

Banking 75

Banking Retail Securities 75

PYMNTS

JULY 16, 2019

U.S. Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”. “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human traffick

Treasury 75

Treasury Securities Currencies Financial Systems 75

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PYMNTS

JULY 17, 2019

Establishing a trust factor is vital to cross-border economics and digital identity , but the roadmap is far from clear. There are billions of individuals online, trillions of dollars in commerce exchanged digitally, and a myriad of approaches to online verification. In terms of authentication, should there be government mandates, private sector ingenuity, or a combination of both?

Technology 74

Technology Economics Marketing Securities 74

PYMNTS

JULY 17, 2019

Strong customer authentication (SCA) looms on the horizon for businesses based in Europe. The latest PSD2 Tracker shows that a majority of European citizens are aware of GDPR – and the reverse seems true here in the States. Yet online commerce is indeed about to usher in a sea change in how companies deal with security and privacy , as similar laws may span the globe in the coming months.

Securities 72

Securities 72

PYMNTS

JULY 16, 2019

Uber AI, the ride-hailing company’s artificial intelligence division, has released an open-source AI platform called the Plato Research Dialogue System, according to a report by Venturebeat. . The platform is made to build, train and deploy conversational AI agents for people to gather data from both prototypes and demonstration systems. . “Intelligent conversational agents have evolved significantly over the past few decades, from keyword-spotting interactive voice response (IVR) systems to the

Communication 69

Communication Leverage Technology 69

PYMNTS

JULY 17, 2019

You may have noticed in recent years that the cash you have in your wallet, pocket or purse tends to last longer than it used to. Drew Edwards, CEO at Ingo Money , sure has — a situation he says was brought about by the increasing use of Uber instead of taxis, digital payment options offered by valets and other factors. But there is one place where cash still has a big role: Tipping.

Technology 68

Technology Sales B2B 68

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.

Planning

PYMNTS

JULY 19, 2019

German AI-driven mobility startup FlixMobility has raised $531 million in a new funding round, and is now valued at more than $2 billion, according to reports. . The funding amount is the largest for any German outfit so far this year. The company is perhaps best known for its FlixBus network, with its lime green vehicles that offer cost-effective traveling options.

Valuation 66

Valuation Transportation Startups Economics 66

PYMNTS

JULY 18, 2019

The second Payment Services Directive (PSD2) is changing how banks share data and interact with third-party providers and FinTechs, which are now relying on open banking information and application programming interface (API) access to build out new products. The regulation is also altering banks’ end customer interactions as new players make their way to the financial stage.

Banking 65

Banking Retail Securities Technology 65

PYMNTS

JULY 14, 2019

After hitting the 500,000 user mark, currency exchange service WeSwap has rolled out a Seedrs crowdfunding round. The company is seeking a £2.3 million ($2.89 million) raise, according to reports. The raise is the company’s third on Seedrs and had previously brought in funds from 3,868 investors of more than £3.5 million ($4.4 million). It will support an IW Capital-led Series B investment round.

Currencies 65

Currencies Valuation Investments Planning 65

PYMNTS

JULY 17, 2019

The second Payment Services Directive ( PSD2 ) groundwork laid out in 2016 is about to come to fruition in a few months – Sept. 14, 2019, to be exact. The deadline is looming for merchants and payments providers to comply with new requirements for authenticating online payments in Europe. Firms must soon put more stringent fraud decisioning processes in place, and strong customer authentication (SCA) protocols must be built into checkout flows for online transactions that begin in Europe.

Retail 65

Retail Compliance Education eCommerce 65

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

Finance

PYMNTS

JULY 18, 2019

Trust is important for all of payment, commerce and financial services – it is more or less the glue that holds transactions together. Without foundations of trust, no transaction can get off the runway. And when it comes to cross-border transactions, that importance increases exponentially, simply by the nature of that activity. The parties don’t know each other, and are often separated by language and time zone barriers that can make communication a tremendous challenge.

Technology 64

Technology Compliance Communication Currencies 64

PYMNTS

JULY 18, 2019

TS Eliot wrote: “Between the idea/And the reality/Between the motion/And the act/Falls the shadow.”. The same observation might apply to financial services. Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.

Banking 62

Banking Technology Healthcare Budgeting 62

PYMNTS

JULY 16, 2019

Six-year-old digital payments startup SumUp has managed to secure a 330 million-euro ($371 million) loan, backed by Bain Capital Credit and Goldman Sachs Private Capital. The new funds will reportedly go toward financing expansion, according to Bloomberg. The firm is reportedly looking to grow its customer base in the 31 markets where it is already doing business.

Leadership 62

Leadership Startups Forecasting Finance 62

PYMNTS

JULY 19, 2019

The Seoul venture capital division of Japanese multinational holding company SoftBank has raised $270 million, or 317 billion won. The new fund of SoftBank Ventures Asia will invest globally in early-stage startups, with Asia being the cornerstone, Reuters reported Friday (July 19). Investors include South Korea’s National Pension Service. SoftBank Ventures Asia indicated the new fund will close in the next six months.

Startups 61

Startups Investments Technology Numbers 61

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Accounting

PYMNTS

JULY 15, 2019

Amazon’s impact from Prime Day this year will again lift the U.S. eCommerce market, according to a report by TechCrunch. . Adobe Digital Insights (ADI) predicts that top retailers who have more than $1 billion in online sales will have a revenue lift of 79 percent, which is higher than the 60 percent from a year prior. . The research also predicts that Prime Day is going to be the third time eCommerce spending goes over $2 billion on a day that’s not a holiday; the other two days were Labor Day

eCommerce 60

eCommerce Sales Retail Marketing 60

PYMNTS

JULY 19, 2019

Iconic brick-and-mortar retailers are sometimes reinvented, and return to the world of retail with smaller-format concepts. The parent of the Toys R Us brand, Tru Kids , plans to bring stores under the legendary name to the United States for the 2019 holiday season. Tru Kids has entered into a joint venture with the software-powered experiential retailer b8ta to offer a new store experience with curated toys in “highly immersive, smaller-format spaces.”.

Retail 60

Retail Sales Finance Securities 60

PYMNTS

JULY 16, 2019

When consumers use mobile apps like Uber or iTunes, the expectation that payments occur in a seamless, integrated way represents a broader paradigm shift in the payments world — one that is seeping into the corporate community as well. According to Mphasis Senior Vice President and Head of Global Payments Andres Ricaurte, the corporate equivalent to the mobile device’s effect on payments expectations can be seen in businesses’ adoption of the cloud and Software-as-a-Service.

B2B 60

B2B Accounts Payable Treasury Reconciliations 60

PYMNTS

JULY 17, 2019

It can be easy to forget — especially for people plugged into digital payments and commerce — that much of the world still revolves around analog processes. That holds especially true for service retail, where contractors and mechanics might still be more likely to quickly answer an actual phone call than respond to an email. In other words, digital innovation has been slow to arrive in the service world, a point demonstrated by recent PYMNTS research in collaboration with AEVI, and a new PYMNTS

Retail 58

Retail Sales 58

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