Sat.Dec 12, 2020 - Fri.Dec 18, 2020

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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

Facebook’s Libra might be fading a bit as a perceived threat to monetary systems that have been in place around the globe for centuries. But the race is still on for central banks to develop their own digital versions of fiat to take their place alongside bills and coins. To that end, the Bahamas may stand out as an epicenter of sorts for the rise of central bank digital currencies (CBDCs).

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Futuring Treasury function post crisis by François Masquelier, CEO, Simply Treasury

Simply Treasury

[link]

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Trending Sources

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Moving up the FP&A Maturity Curve: A Podcast

Jedox Finance

As businesses around the world look to move past the uncertainty and unprecedented change of 2020 and toward a fresh start in 2021, the discussion around FP&A maturity has been renewed. As FP&A has historically supported an organization’s financial health, it suddenly became front and center as organizations had to pivot and adapt quickly.

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Planning to be a Leader

Anaplan

To be a leader entails embracing Margaret Thatcher’s direction—“Don’t follow the crowd, let the crowd follow you.” Precisely. The crowd of planning software vendors following Anaplan’s lead is what we see playing out at present in the FP&A solution space. Anaplan’s innovation of finance-driven and enterprise-wide ‘Connected Planning’ has positioned us in two recent and […].

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Live Demo - Supercharge your Month End Close

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

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US Treasury Proposes Sweeping New Disclosure Rules On Bitcoin, Other Cryptos 

PYMNTS

The U.S. Treasury Department proposed sweeping new rules late Friday (Dec. 18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effect

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It's a Festivus Miracle!

Adam Kae

We see you, fellow Seinfeld fans! We LOVE to celebrate at Adam Kae, and the holiday season is always the best. To celebrate YOU this year, we're offering the ultimate Try Before You Buy offer. Your financial grievances - GONE! It's a Festivus Miracle! Simply sign up for ANY of our MicroCFO Packages and You'll Get: ?? 3 FREE Strategy Sessions. ?? $0 Down. ??

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Hong Kong is once again the most expensive location for expatriates

Future CFO

Hong Kong has once again topped the list of world’s top 10 most expensive locations for expatriates, said ECA International recently when releasing the results of its latest cost of living survey. “ Hong Kong is expensive across many areas that we consider as part of our research, but it is the especially high housing costs that push it to the number one spot, said Lee Quane, Regional Director – Asia at ECA International. .

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eBay On Turning Friction-Filled Payments Experiences Into Consumer Loyalty Opportunities

PYMNTS

The 2020 holiday shopping season is picking up, and consumers are heading online or to reopened brick-and-mortar stores to shop and pay for gifts. They are using everything from cash to mobile wallets to complete these transactions, requiring retailers to race to accommodate a wide variety of payment methods. Supporting a host of simple and frictionless payment options is often a complicated endeavor from the retailer’s perspective, said Keala Gaines , vice president of global payment services f

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Myths of Private Equity Performance: Part III

CFA Institute

Private equity is not more resilient than other asset classes. Quite the opposite.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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Planful Recognized with a 2020 Stratus Award for Cloud Computing

Planful

As they say in Hollywood, it’s an honor just to be nominated. We’re even more honored to have won. We’re incredibly excited that the Business Intelligence Group recognized Planful with a 2020 Stratus Award for Cloud Computing. The annual Stratus Awards recognizes companies and individuals innovating in the Cloud and providing offerings that are truly differentiated in the market.

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Asia Pacific sees the biggest rise in financial non-compliance fines

Future CFO

Asia Pacific has seen the single biggest rise in regional financial non-compliance fines from US$6.6 million in 2019 to US$5.1 billion for the year to date, said Fenergo recently when releasing the results of a global research on financial institution fines. Meanwhile, penalties have totalled US$10.4 billion for non-compliance with anti-money laundering (AML), know your customer (KYC) , data privacy and MiFID (Markets in Financial Instruments Directive) regulations in the said period, according

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Bitcoin Breaks Through $20,000 Mark, Hits Record Highs

PYMNTS

Bitcoin continued its ongoing surge in price Wednesday (Dec. 16), heading above the $20,000 mark for the first time ever — eclipsing its previous record high set in 2017. The price of a bitcoin traded higher by 5.6 percent, hitting around $20,600. CNBC reported that the surge was fueled by cryptocurrency fans along with a big boost from big-name investors such as Paul Tudor Jones and Stanley Druckenmiller.

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Living in a Digital World: Three Ways to Connect with Clients

CFA Institute

Client relationships are the foundation of financial advising. So how can advisers connect digitally?

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

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.

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Gates Virtual Business Channel Summit

Regent Assay

Pradip Somaia , Partner at Regent Assay, will host a virtual M&A workshop examining the key drivers and valuations for the Channel Sector at the Gates Virtual Business Channel Summit, India & SAARC on 16th December 2020. If you require any further information contact Pradip Somaia at psomaia@regentassay.com or +44 (0)7785 316 584 or if you require any support in your M&A strategies contact Hana Glanville at hglanville@regentassay.com or +44 (0)7736 211 321.

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Many firms will allow remote work after COVID-19 vaccines are available

Future CFO

Employers will likely to allow remote work after the availability of COVID-19 vaccine, according to a recent Gartner survey of 130 HR leaders on Dec 9. Survey results indicate that 90% of respondents plan to allow employees to work remotely at least part of the time even after the COVID-19 vaccine is widely adopted. In addition, 65% of respondents reported that their organization will continue to offer employees flexibility on when they work.

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GoDaddy Agrees To Buy Poynt To Boost Digital Payments Technology

PYMNTS

GoDaddy has agreed to acquire Poynt , which lets businesses sell and accept payments anywhere through its suite of products, according to a press release. GoDaddy plans to pay $320 million in cash at closing, along with $45 million in deferred cash payments subject to various performance and employment standards in the next three years, the release stated.

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The Value Factor’s Pain: Are Intangibles to Blame?

CFA Institute

Are intangibles responsible for the poor performance of the value factor?

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

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POS Lender Affirm Delays IPO Until At Least January

PYMNTS

Point-of-sale (POS) lender Affirm is putting on hold its initial public offering (IPO), which had been scheduled for this month, The Wall Street Journal reported, citing unnamed sources. WSJ did not give a definitive reason for the delay in Affirm Holding Inc.'s plans but suggested it may be for the same reason video game-maker Roblox also put off an imminent IPO: fear of missing out at the corporate level.

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Report: Fraudsters Have Modified Approaches In Wake Of eCommerce Boom

PYMNTS

Digital trust-and-safety company Sift said that 2020 has been a “banner year” for online shopping sales, but that scammers have modified their approaches to take advantage of the boom, according to an announcement. The company said that malicious actors are moving away from the usual “spray and pray” strategy that entails conducting dozens or hundreds of lower-value transactions with stolen payment data, and are instead making fewer and larger attacks.

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Form3 Partners With Mastercard To Advance Real-Time Payments 

PYMNTS

London cloud-processing platform Form3 is partnering with Mastercard to enhance and streamline real-time payments worldwide. “Our partnership with Mastercard will enable Form3 to accelerate its ambitions to grow on an international scale while complementing the services we have today and those we are building for the future,” Michael Mueller , founder and chief executive officer of Form3, said in a press release on Wednesday (Dec. 16).

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Grocers Rush To Reinvent Themselves

PYMNTS

Although the digital shift brought on by the pandemic has rapidly reshaped the entire retail industry, its impact on the grocery segment in particular has been especially pronounced. In fact, according to a new Omnichannel Grocery Report from ACI Worldwide and PYMNTS, 17.2 percent of all consumers have switched from in-store to online shopping. Ordering for home delivery has become particularly popular, as 23 percent of U.S. consumers — 57 million people — say they are ordering more groceries on

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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.

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‘Ship-ageddon 2020’ Just Keeps Getting Worse

PYMNTS

With eCommerce volume way up for the holiday shopping season, we knew it was going to be a tricky year for gift shipping. The reports of potential delays and earlier-than-average shipping windows for Christmas delivery rolled in right on time in early December. UPS imposed shipping restrictions on some large retailers such as Gap, Nike, L.L. Bean Inc., Hot Topic Inc., Newegg Inc. and Macy’s as the shipping giant struggled with unprecedented demand from the pandemic-driven eCommerce surge.

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Afterpay US CEO: Buy Now, Pay Later Is In Right Place, Right Time

PYMNTS

For a 6-year-old Australian startup that’s only been doing business in the U.S. for two years, Afterpay — with its buy now, pay later (BNPL) interest-free installment loans — has gone from relative obscurity to the front page of the financial section this holiday season. Although the installment concept is hardly new, Afterpay’s platform and growing catalog of retailers has brought fame and fortune to the company and its founders.

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eCommerce FinTech Katapult To Go Public By Merging With SPAC

PYMNTS

Katapult Holding, Inc. and special purpose acquisition company (SPAC) FinServ Acquisition Corp. said on Friday (Dec. 18) that they have entered into a definitive merger deal. The arrangement will create a combined firm that will run as Katapult and is intended to trade on the Nasdaq with the “KPLT” ticker symbol upon closing, according to an announcement.

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Oiling The Many Moving Parts Of Cash Flow Management

PYMNTS

Cash flow is key to maintaining a viable business during the pandemic. Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. The problem with this strategy, however, is that when every company is looking get paid more quickly but pay their own invoices later, B2B buyers and vendors quickly find themselves in a position in which their own cash flow goal

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“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.