Sat.Mar 04, 2017 - Fri.Mar 10, 2017

article thumbnail

APIs Raising Tough Questions About FinServ Innovation, Competition And Data Privacy

PYMNTS

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . This industry is on the cusp of some major innovation, too, as FinTechs roll out services that banks can offer to their own customer clients via APIs.

B2B 78
article thumbnail

Hedge Accounting: 3 Key Benefits of IFRS 9

Reval

By Jacqui Drew, Director Solution Consulting at Reval. IFRS 9 is changing hedge accounting forever. A recent Reval survey shows that 70% of finance teams say that they have or will implement new hedging strategies as a result of the new standard. Still, adoption is happening at a different pace around the world. Early adopters in Australia, Japan, India, Switzerland, South Africa and Canada are already seeing the benefits of the standard.

IFRS 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Risks in Relying on Excel for Financial Close and Reporting

Planful

Millions of users have become Excel devotees since its debut, with a significant following among finance and accounting professionals. There are many reasons to love Excel. It’s easy to use and the program has many fantastic features. That being said, it’s a poor choice for managing the financial close and reporting process. Why? (1) Excel isn’t designed for collaboration, (2) Excel is error prone, (3) spreadsheets are difficult to govern, and (4) spreadsheets lack data managem

article thumbnail

NEW REPORT: B2B Banking’s Tech-Driven Future

PYMNTS

With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 trillion global payments market. . Despite all that exchange of funds in the B2B market, the banking industry has a reputation for being a bit behind the times technologically — and it may be justified.

B2B 76
article thumbnail

How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

article thumbnail

APIs Raising Tough Questions About FinServ Innovation, Competition And Data Privacy

PYMNTS

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . This industry is on the cusp of some major innovation, too, as FinTechs roll out services that banks can offer to their own customer clients via APIs.

B2B 76

More Trending

article thumbnail

Rediscovering The Missing Principles Of Faster Payments

PYMNTS

Developing and deploying faster payments initiatives is top of mind for many countries around the globe, but making those talks a reality is a whole different story. In the U.S. market specifically, it’s up for debate whether the many faster payment schemes are actually complementary or conflicting. With so many initiatives at play, a schism has been created between creating entirely new infrastructure or building on top of what exists.

article thumbnail

New Report Finds IT Cybersecurity Shortage Hurting Companies In Fight Against Ransomware

PYMNTS

A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. A press release detailed the results of the fourth annual Cyberthreat Defense Report, which includes findings from 1,100 IT security decision makers and practitioners from 15 countries, six continents and 19 industries.

article thumbnail

Where Credit Scores Are Scarce, Mobile Devices Fill In The Gaps For Lenders

PYMNTS

Financial regulations forced banks to pull back from small business lending in the wake of the financial crisis as pressure to reduce risk exposure increased. Risk mitigation is also behind massive regulations like KYC and anti-money laundering rules. So while SMEs have faced a tough journey finding a bank loan across the globe — and that includes major economies like the U.S. and Europe — small businesses and entrepreneurs in emerging markets find they’re being shut out of the bank lending mark

article thumbnail

Imagining And Preparing For A ‘Cyber Pearl Harbor’

PYMNTS

The Internet is so pervasive in our daily lives that a large-scale interruption would wreak havoc on the way we shop, interact and transact, in all corners of the globe. And, of course, the bad guys (that would be hackers, be they individuals or even state-sponsored teams) are always looking to take down huge swaths of the internet, costing companies, governments and individuals untold lost productivity and money.

article thumbnail

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.

article thumbnail

Appthority: Uber App Puts Personal, Corporate Data At Risk

PYMNTS

Appthority, the global leader in enterprise mobile threat protection, today revealed that Uber’s ride-sharing app is putting sensitive personal and corporate data at risk. According to the press release , the app leaves users open to spear phishing, watering-hole attacks and widespread privacy breaches. Uber’s incomplete privacy policy, location tracking and “moving experience” are just a few of the issues that make the app susceptible to breaches.

article thumbnail

Hacker Tracker: The Evolving Threat Of Tax Fraud

PYMNTS

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. On the other hand, around that same time the IRS released data showing that phishing and malware incidents in the 2016 tax season increased by 400 percent. Noting that the number of identified fraudulent returns was not indicative of the overall levels of tax fraud occurring, Digital Shadows set out to reconcile two

article thumbnail

Coupa’s Concept Of Value As A Service

PYMNTS

Coupa Software provides real-time analytics for pricing, assortment, demand and competitive metrics in the retail sector. The firm has had a big six months — in October the firm launched a successful IPO, which saw its shares more than double on its first day of trading. Analysts at the time said the strength of the IPO underscored investors’ appetite for technology.

article thumbnail

Edenred Steps Into Accounts Payable With CSI globalVCard

PYMNTS

Corporate spend management company Edenred is launching a new solution to help businesses gain greater visibility of their cash flow. The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation.

article thumbnail

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

article thumbnail

What You Didn’t Know You Didn’t Know About Millennials

PYMNTS

Millennials as a generation are probably the most speculated and talked-about generation in human history. A reality that is not entirely unwarranted. There are 75.4 million of them, making the cohort born between 1981 and 2004 the largest living generation of Americans. They are also the first generation raised nearly entirely in the shadow of the internet — and are thus often called the world’s first digital natives.

Sales 55
article thumbnail

New Name, New Funding For SME Payments Firm Align Commerce

PYMNTS

Cross-border trade is far from simple, and for many SMEs, that complexity is crippling. Research from HSBC released late last year found that among all of the challenges small businesses face when looking to work with suppliers across borders, an overall lack of global business knowledge and experience is what’s truly holding these entrepreneurs back from a global stage.

B2B 54
article thumbnail

Keeping Payments Innovation Grounded In Information Security

PYMNTS

Innovation in payments can happen in the blink of an eye. But so can an attack or threat from increasingly sophisticated cybercriminals. In order to keep payments innovation moving quickly and safely, Mark Turnage, CEO of OWL Cybersecurity , said it’s important to ensure information security remains at the forefront of the new products and services being introduced into the market.

article thumbnail

AccelFoods Fund For Food Innovators Hits $35M

PYMNTS

AccelFoods, as the organization’s name suggests, is an accelerator that works to back early-stage food and beverage startup companies. Recently, said TechCrunch, the accelerator added $15 million to its second fund, which will, in part, be used to invest in startups at more stages of development. Lauren Jupiter, cofounding partner of AccelFoods, was quoted as saying that the accelerator’s new limited partners “are a mix of high-net-worth individuals, family offices and corporates with strategic

article thumbnail

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.

article thumbnail

For Credit Cards, Cancelling The Need To Cancel

PYMNTS

It may seem at first glance that credit cards are no font of innovation. Cards are issued, cards are lost and cards must be cancelled, often to the headache of consumers and issuers alike. And in the latest Topic TBD, between PYMNTS’ Karen Webster and Aaron Frank, Final ’s CEO, it was noted that innovation typically is confined to rewards and offers and the incentives that can be sweetened to get cardholders to spend at merchants.

article thumbnail

How Thinking Smaller Helps FinTechs Scale

PYMNTS

There’s more to thinking small than one might think. The key is this: don’t think “small,” think “focused.”. In fact, when it comes to FinTech companies, thinking “small” by focusing and serving a relatively small number of huge markets may provide the best opportunity to drive more impactful revenue with sustainable and profitable growth. David Weiss, president of YapStone , shared with PYMNTS some big misconceptions about market specialization.

article thumbnail

Cross-Border B2B Payments A Rising Star With VCs

PYMNTS

Big Data and software as a service (SaaS) once again caught the attention of venture capitalists in the B2B FinTech space this week, but it was cross-border B2B payments that landed the most money. Investors at GV — formerly known as Google Ventures — participated in the rounds of two different startups in this space, which raised a combined $49 million in funding.

B2B 51
article thumbnail

Amazon’s New eCommerce Tool to Boost Sellers

PYMNTS

As more consumer buying patterns shift to the online world, retailers are also zeroing in on eCommerce. Through the use of combined in-store and eCommerce strategies, many retailers are staying afloat. However, that doesn’t mean the strictly online selling world doesn’t come encounter struggles. A new company looking to make a dent in the eCommerce landscape and alleviate online sellers’ woes is Amazon seller software OverGrowth.

article thumbnail

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.

article thumbnail

Amazon Rolls Out Private-Label Vitamins

PYMNTS

The variety of Amazon private-label products continues to grow, adding convenience for brand-loyal Amazon Prime members and causing anxiety for competing eCommerce merchants. Recently, the online retail giant added a new product line to its Amazon Elements brand, which had previously sold only baby wipes (and a line of diapers for a short time back in 2015).

Retail 51
article thumbnail

Uber of X: Cloud Of Goods Is The Uber For Vacations

PYMNTS

Going on vacation with family, or groups in general, can be a trying experience. From packing clothes and shoes to securing the hotel and restaurant reservation, there are a lot of moving parts. In addition to all of these facets of the traveling process, those needing to bring extra items for people in their party that need assistance only adds to the stress.

article thumbnail

Why Technology Is Actually Helping Cash Thrive

PYMNTS

Americans have more payment options than ever before, from the digital payment info stored in mobile wallets to credit and debit cards in their physical wallets. But even with these new choices, Americans still cling to cash when making many purchases. According to research revealed inside the PYMNTS.com Global Cash Index™ Americas Analysis, while the onslaught of payment cards, digital wallets and contactless payments may have created a buzz in the U.S. market, they are still far from replacing

article thumbnail

A New Device Will Help Uber Drivers Collect Tips

PYMNTS

A new device wants to make it easier for ridesharing customers to tip their drivers. According to TechCrunch , Pax is a seatback system that accepts tips in cash or credit card form. Its creator is currently looking to raise $50,000 on Kickstarter to launch the business. While many taxis already allow riders to tip with their credit card, Uber users pay directly through the app, which doesn’t allow its customers to add a tip (Lyft and other rideshare services do offer this option).

article thumbnail

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.