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Citi announced Tuesday (Feb. 28) the launch of an API to connect its clients operating in the treasury services industry to critical Citi services. According to a release , the bank’s Treasury and Trade Solutions (TTS) unit is rolling out the CitiConnect API to help treasury service providers link their own treasury and ERP solutions into Citi. The bank’s API enables treasurers to manage transaction banking activity straight from existing treasury platforms already in use within the enterprise.
The U.K. banking industry has seen a slew of new market entrants in the form of “challenger banks,” but one of the latest to enter into the industry is of another sort. It’s ClearBank, a new U.K. agency and clearing bank that provides banking-as-a-service for FinTechs and banks that need to connect into payment systems and core banking technologies.
Startupbootcamp, the global accelerator network, announced Wednesday (March 1) that it is expanding to the Latin American market through the launch of a dedicated FinTech program in Mexico. According to the company , it already has FinTech programs in London, Amsterdam, New York, Singapore and Mumbai and aims to accelerate Latin American startups by providing them with funding and an avenue to grow via mentoring, providing access to corporate partners and clients and taking advantage of Mexico
When something works for cybercriminals, they stick with it. Especially when it comes to phishing schemes, which typically don’t take as much effort but can result in huge payouts. Andrey Pozhogin, cybersecurity expert at Kaspersky Lab North America , joined PYMNTS to discuss the latest trends across the financial cyberthreat landscape and why the widespread threats of financial phishing, banking malware and Android banking malware are only getting bigger.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
There are only a few things that most people can agree on these days, notes Mastercard. One of them is that too many people in the world are denied access to banking and financial services of any kind. The second? That this lack of financial inclusion excludes them from participating in most of the payments and commerce activities that most of those reading this take for granted.
Software-as-a-service saw a boom back around 2015, and the X-as-a-Service space hasn’t looked back. This week we see startups from the software-, banking- and data-as-a-service ranks landing new funding for their B2B solutions. Across the U.S., the U.K. and Canada, these startups raised a collective $76 million, with a secretive U.K. banking-as-a-service company emerging at the top of this week’s B2B Venture Capital roundup.
Software-as-a-service saw a boom back around 2015, and the X-as-a-Service space hasn’t looked back. This week we see startups from the software-, banking- and data-as-a-service ranks landing new funding for their B2B solutions. Across the U.S., the U.K. and Canada, these startups raised a collective $76 million, with a secretive U.K. banking-as-a-service company emerging at the top of this week’s B2B Venture Capital roundup.
Vivier & Company, a boutique financial services company, has announced the launch of its new online banking system, which follows the completion of a cloud-based service for financial institutions implemented by IndiaT4T. Founded in 2001 and licensed in New Zealand, Vivier focuses on high-interest savings accounts that avoid the risk of market volatility.
B2B sellers moving online need to keep the customer happy, but according to a new report by CloudCraze, there’s a disconnect between what customers want and what sellers can provide. The problem, the company’s white paper declared, is a continuing dependence among B2B eCommerce companies on manual tools, such as faxes and sales representatives. A survey of nearly 200 sellers with an online presence found that, while B2B sellers are feeling the pressure to offer a digital sales experience to thei
With increasing globalization, cross-border, or global, payments have become a very big piece of the banking business. The space is also a hotbed for competition as a number of non-banks are offering the multicurrency payment processing capabilities that businesses need more efficiently and at a better value than the big banks. Needless to say, banks are feeling the pressure on all fronts to get their capabilities aligned with what the innovators around them are already providing.
Supply chains are ever more complex, ever extended and ever disparate in terms of reach and location. For the largest corporations, the network can be, simply put, vast, with thousands of suppliers along various avenues of activity. In a nod toward reducing complexity and cash flow up and down the supply chain, Tungsten Network said earlier this month that it has partnered with supply chain finance company Orbian to facilitate larger corporate customers’ supply chain finance across the Tungsten
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Mastercard is collaborating with Startup Canada to promote startup innovation in the country, the firms announced Thursday (Mar. 2). Startup Canada, a group supporting the nation’s 2.3 million entrepreneurs, has revealed Mastercard signed on as a national partner and will integrate its innovation and payment technology expertise into Startup Canada’s initiatives this year.
This is not a drill. Bitcoin’s market cap is currently well over $20 billion as value rose well over $200 in the past two weeks. At the time of writing, bitcoin was worth $1,270.86, up 3.32 percent from Wednesday’s “close.” As bitcoin rose, TechCrunch noted that the value of 1 BTC had actually surpassed the value of an ounce of gold — the go-to alternative asset.
The market for automation technology in warehouses are set to take off in the next five years due to sustained growth in the eCommerce industry and demand for enhanced quality, according to a new report from Research and Markets. Here are some of the key findings. In the report , Research and Markets projects that the warehouse robotics market is expected to grow at a compound annual growth rate of 11.8 percent between 2017 and 2022.
There’s a war going on in the digital world, one that most consumers are unaware of, despite the impact it could have on their money and their privacy — a battle between fraudsters and security providers over account takeovers. Just a few ago, it seemed that the “good guys” had the upper hand on fraudsters when it came to the account takeover battle.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
The big news in tech land might have been the debut of Snapchat IPO shares, publicly traded in the U.S. And indeed those shares soared upon their first day of trading, up roughly 50 percent at the opening. But beyond that, and a bit more quietly, the unicorns stirred a bit. In news tied to financial results, data-as-a-service firm Actifio said that it has achieved a “dramatic” level of growth across its revenue base.
Online retailers that apply Google’s search technology to their own sites using the Google Site Search product will now have to update their site search or upgrade to a version that included ads. This spring, Google is officially cut its Google Site Search (GSS) product, which it disclosed to customers and partners via email last week. According to Fortune , existing customers are able to continue using the GSS product through the end of their current license but the tech giant will stop renewal
There’s no shortage of data indicating how the consumer already has and continues to change. To succeed in retail (and retail marketing), merchants and advertisers need to keep up with what shoppers want, how they buy, and where. Sourcing, managing and making sense of all that consumer data, however, can prove challenging for many businesses. The TouchCR platform was born out of the desire to be able to serve a consumer who is increasingly omnichannel, said Chief Innovation Officer Ritchie
Even as credit and debit cards become more popular and new payment methods like mobile wallets enter the scene, the world’s largest economy still relies on cash more than any other payment method. According to research revealed inside the new PYMNTS.com Global Cash Index™ United States Analysis, while there may be a recent onslaught of payment cards, digital wallets and contactless payments, nothing has come close to replacing cash in the U.S.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Creating innovation that’s both meaningful and lasting requires more than just coming up with a great idea. In the latest installment of PYMNTS Commander In Chief Series , Todd Clark, President/CEO of CO-OP Financial Services , shared why challenging the norm and looking to solve real problems for consumers is so crucial to not only getting innovation, but also delivering the type of value that encourages those consumers to change and adopt new behaviors.
A new survey from banking data firm RateWatch is bad news for banks looking to entice SME customers with new mobile offerings. Small businesses aren’t impressed by mobile banking, the report , released Thursday (Mar. 2), concluded. The Monetizing Digital Banking Products for Small Business Customers survey found that more than a third of SMEs have never used mobile banking, even though their banking provider offers it.
To attend this live digital discussion on Thursday, March 30th, at 1:00 PM (EST) , please complete the registration form shown below: [contact-form-7]. Overview: Join Hannah Preston, Solution Strategist, Payment Security Division, CA Technologies and Karen Webster, CEO, Market Platform Dynamics, on Thursday, March 30th, at 1:00 PM (EST), to learn how authentication is evolving; how it could transform your security and user experience; and how you can tackle the choices and consequences.
Women’s apparel store J. Jill announced this week that it launched its initial public offering with nearly 12 million shares in the $14 to $16 range. The retailer confirmed the shares, which are likely to raise $163.3 million to 186.7 million, are coming from an existing stockholder. J.Jill itself will not receive money from this sale, but it will be listed under the JILL ticker on the New York Stock Exchange.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Liberty Interactive Corp., the parent company behind home shopping network QVC, recently posted a 16 percent decline in profit in the fourth quarter of 2016 — the latest in a series of declines in the home shopping space as eCommerce rises. “Internationally, QVC continues to perform well, while domestically we are focusing on strengthening a few merchandise categories that have been weak,” said Greg Maffei, Liberty Interactive president and CEO, in the earnings release.
Christmas may be the most wonderful time of the year – for most consumers and retailers – but this year it seems the holidays were less merry and bright than would have been ideal over at Target Corporation. The latest Target earnings results are in – and they are not good. In fact – going by the various write-ups on offer – financial journalists seem to have favored words like “terrible,” “dreadful” and “totally missed the bull’
Repeal and replace? This is no debate about the healthcare system. Rather, it is a question that takes shape as innovation comes, as it always does, consistently and constantly, to the payments world. With change comes examination of the infrastructure in place that’s necessary to make payments smoother, more transparent and, of course, faster. . In an interview with Karen Webster of PYMNTS, Janet Estep, president and CEO of NACHA, noted that technology is always under the microscope.
The retail beer industry is already feeling the effects of cannabis legalization. As more U.S. states have legalized the use of recreational marijuana, the retail beer industry has seen additional lost sales, according to new research conducted by Cannabiz Consumer Group (C2G). And the results indicate that this could be just the beginning for losses in the beer industry — especially if the legalization movement continues to spread.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
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