Sat.Jan 21, 2017 - Fri.Jan 27, 2017

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Tech Center: Dubai Takes A Front Row Seat To FinTech Growth

PYMNTS

Dubai’s startup and tech scene has come a long way in the past three decades — the city is now a major business center in the Middle East, attracting investors and entrepreneurs from around the world. In this week’s Tech Center tracker, we take a look at how Dubai is giving FinTech hubs around the world a run for their money. Before we jump into the post, here are a few quick facts about Dubai and its tech scene: Dubai has an estimated population of 2,701,977.

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Prudential Corporation Asia, Highly Commended, Best SWIFT Solution

Reval

Treasury Today. This insurance giant decided to partner with a major treasury risk management provider and thirdparty SWIFT service bureau to deliver its solution. The team now process over 1,000 bank statements and monitor exposure against 500+ limits each day. Click here for details >> The post Prudential Corporation Asia, Highly Commended, Best SWIFT Solution appeared first on Reval.

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A Key Task for Finance – Measuring and Managing Customer Profitability

Planful

To remain competitive, companies must determine how to keep customers longer, grow them into bigger customers, make them more profitable, serve them more efficiently, and acquire more profitable customers. But there’s a problem with pursing these ideals. Customers increasingly view suppliers’ products and standard service lines as commodities. This means that suppliers must shift their actions toward differentiating their services, offers, discounts, and deals to different types of existing cust

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B2B FinTech Goes High-Tech For Funding

PYMNTS

The U.S. is no longer the world’s largest market for FinTech investment, according to the latest report from Citigroup, released this week. Analysts found that, in the first nine months of 2016, China held the top spot for FinTech investment, with funding raised for that period doubling compared to the same period in 2015. This week, however, venture capitalists in the B2B FinTech space went global, hitting Australia, the U.S., France and India.

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Planning Your Restaurants 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.

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Oracle Acquisition Boosts API Management Services

PYMNTS

Enterprise tech conglomerate Oracle is growing thanks to the acquisition of an API management firm, Apiary. Reports last week said the takeover will help Oracle offer more robust API building and monitoring services through integrating Apiary’s APIFlow solution, which helps businesses create and manage their APIs. “Oracle’s API Integration Cloud enables companies to secure, consume, monetize and analyze APIs,” said Oracle Senior Vice President of Integration Cloud Amit Za

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eBay Surprises The Street With Better Than Expected Holiday Sales Season

PYMNTS

eBay has spent much of the last year rethinking its market position and reworking its platform to help it compete more consistently and strongly against Amazon.com (and the rest of retail). And, as of Q4 2017, it looks like those efforts are paying off — literally. The holiday period saw a 3.1 percent rise in quarterly revenue for eBay — some good news that pushed up the price of shares in the online marketplace by 7.5 percent in after hours trading.

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How Clarifai Envisions Commerce — Literally

PYMNTS

Industries around the world have caught AI fever. Developers around the world have made more ways than ever for the technology to automate, optimize and enable different services. Facebook, Alphabet, IBM, Microsoft, Amazon and other major companies are all working on AI projects, along with numerous tech startups. One such upstart, which leverages artificial intelligence and image recognition in part to enable commerce, is Clarifai.

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Apple Pay’s New News

PYMNTS

Apple has surely managed to deliver a lot of hype with the launch of its mobile payments platform, but according to the numbers so far, it hasn’t really managed to deliver a hit. Which isn’t to say it’s been a wholesale miss, which, in the world of mobile payments, is actually something of a success in and of itself — just ask the former teams from CurrentC or Softcard (we miss you Tappy , you were our favorite muppet).

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ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity. The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SA

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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

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NEW REPORT: Why The Americas Dig Cash

PYMNTS

Cash usage in the Americas is at an inflection point. With strong economic growth, the overall cash usage is expected to hit $3.5 trillion by 2020 — up from $3.06 trillion in 2015. And while that’s a sign of positive growth, proliferation of new payment products is chipping away at the growth, according to the brand new Global Cash Index™ Americas Analysis.

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Can Blockchain Make The ‘Un-Sexy’ Side Of Payments, Sexy?

PYMNTS

One of the great mysteries of payments is why paper checks still reign — at least in B2B. But the dead tree conduit of supply chain payments may see a displacement in favor of digital financial processes, with a spur from blockchain. At least, that’s the hope. On a Friday (Jan. 20), when the world was watching the 45th president of the United States take the oath of office, PYMNTS’ mind was on, well, payments.

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NEW REPORT: How Payments Fuel Platforms

PYMNTS

In the past few years, payments-powered platforms have become a critical part of the American economy. . Crowdfunding platforms like Kickstarter and GoFundMe raised $34 billion in 2015 , according to industry research, and as much as $60 million may have been raised last year, according to projections. But it isn’t just entrepreneurs, startups and charities benefitting from the rise of payments-powered platforms.

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PYMNTS Daily Data Dive: Same Day ACH

PYMNTS

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Same Day ACH was responsible for more than 13 million credit transactions in the period — a total combined value of nearly $17 billion, with the average transaction worth $1,283.

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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.

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Sage Pegs Chatbots As The Future Of SME Accounting

PYMNTS

The chatbot revolution is in full force, but Sage said it is the first to pull cloud-based SME accounting into the trend. The firm said Wednesday (Jan. 25) it is rolling out several updates to its cloud accounting solution, including the integration of a chatbot via Sage One with Pegg, the chatbot developed by Sage that was launched in beta last year.

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Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety

PYMNTS

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Faster payments initiatives, blockchain and other disruptions all show promise to make major changes in the B2B payments space. Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations.

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IBM Security Buys Agile 3 To Help C-Level Executives Better Understand Cyberthreats

PYMNTS

IBM Security announced Monday (Jan. 23) it is acquiring Agile 3 Solutions, a developer of software used by the C-suite and senior executives to better visualize, understand and manage risks associated with the protection of sensitive data. In a press release , IBM said the addition of Agile 3 Solutions’ capabilities to IBM Security’s portfolio adds a tool to improve C-suite decision-making as businesses prepare to defend themselves against cybercrime.

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DeviceBits Brings AI To Customer Support

PYMNTS

DeviceBits is a relative newcomer on the software solution scene. Founded in 2015, the Columbus, Ohio–based software company looks to change the way businesses provide customer support to their end users and increase customer retention by leveraging the power of artificial intelligence (AI), machine learning and predictive analytics. “It’s really an extension of the omnichannel investments that organizations are making around sales and marketing into customer support,” said DeviceBits CEO JC Ram

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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.

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Riding The Blockchain Train, Together

PYMNTS

Blockchain has come a long way over that last few years. Since bursting onto the scene as the rails guiding the fast-growing and mysterious cryptocurrency known as bitcoin, blockchain has become an accepted and important part of the financial infrastructure. Projections show that, while the blockchain technology market is already worth more than $210 million as of 2016, it could see exponential growth, becoming worth over $1 billion by the end of the decade, as more uses for the technology are d

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NEW REPORT: Why Banks Farm Out Mobile Security

PYMNTS

As more Americans reach for their mobile devices when making purchases, providers are looking for new ways to secure smartphones. According to industry research, mobile commerce now accounts for nearly a third of the U.S. economy, with sales via mobile devices contributing more than $104 billion to the economy. But all those digital dollars are attracting the attention of fraudsters, who are increasingly setting their sights on mobile targets.

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NEW REPORT: Will Virtual Assistants Put Automakers In The IoT Fast Lane?

PYMNTS

As IoT connectivity expands, the distance between the inside of a home and a vehicle parked inside the garage is getting much shorter. Vehicles are not the only consumer products that are getting IoT connectivity upgrades. Companies are finding new ways to introduce connectivity to various household items, from large devices like kitchen appliances to smaller goods such as hair brushes.

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Ten Years Of Mobile Apps

PYMNTS

As the world entered 2017, we reached a major technological milestone: The first decade for mobile apps had passed. Numbers from Flurry Analytics indicate that, across 940,000 applications, 2.1 billion devices and 3.2 trillion mobile sessions, the year 2016 saw an average of 11 percent year-over-year (YoY) growth in mobile app usage and 69 percent year-over-year growth in terms of average time spent on apps.

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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.

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France Could See Online Sales For Retailers Jump 11 Percent This Year

PYMNTS

The French E-Commerce Federation announced Thursday (Jan. 26) that online sales for retailers in France may rise as much as 11 percent in 2017 to $85.85 billion. In a report , the French E-Commerce Federation said that compares to a 14.6 percent jump in 2016. During 2016, French shoppers spent €72 billion making purchases online. The performance for 2016 included the holiday shopping season, which contributed €14 billion.

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Building A Better Digital Bridg For Customers

PYMNTS

The loyal customer is increasingly the holy grail of retail — everyone wants to create them, but in an environment littered with discounts, digital offers and competing influence, holding a customer’s attention is not exactly easy work. Communication is key, but getting the signal through all the digital noise is often easier said than done. Which is where Bridg enters the picture.

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Corporate Card Startup Spendesk Nabs $2.2M

PYMNTS

France-based Spendesk, which offers corporate card and employee spend management solutions, has raised $2.2 million, according to reports Tuesday (Jan. 24). Reports by TechCrunch said Spendesk secured the funding from Kima Ventures, Funders Club and angel investors Edward Lando, Nicolas Steegmann and Frédéric Montagnon. In perhaps an even greater show of support, Spendesk also secured backing from some of its existing corporate users, which include Birchbox and AB Tasty.

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Kroger Goes High-Tech With Sensors

PYMNTS

The largest supermarket chain in the U.S., Kroger Co., is looking to keep up with the ever-quickening technology arms race that has infected the world of grocery over the last few years. Currently sensors and analytics technology to let shelves and products interact with shoppers are being tested in various locations nationwide. The systems are designed to reach out and ping customers on their mobile devices — and clearly built to focus on personalizing and optimizing the grocery experience for

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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Hyundai Taking The IoT High Road With Alexa Riding Shotgun

PYMNTS

Earlier this month, the latest tech advancements — from phones to appliances to vehicles — took center stage at the 2017 Consumer Electronics Show (CES) in Las Vegas. For several automakers, the show offered an opportunity to showcase their latest vehicle designs that now include a helpful passenger connected to the vehicle’s operating system. Among the stars of the show was Amazon ’s virtual assistant, Alexa, which is making the jump from Amazon’s cylindrical Echo speaker into the operating sys

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Facing Reality: Solving For Safe Sales

PYMNTS

Like so many other industries, banking sure isn’t what it used to be. Modern technology has revamped everything from retail to shipping, and financial services has been transformed from a brick-and-mortar business, with most transactions being conducted in person at bank branches and other physical locations, to a digital endeavor. These days, digital transactions rule, as consumers have become more comfortable making purchases and sending money across digital channels, thanks in large part to t

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NEW REPORT: Taking The Leash Off Blockchain?

PYMNTS

While India’s economy is still largely dominated by cash, the tide is beginning to turn toward modern payments. Recent PYMNTS research found that card use grew 20 percent in the country over the past three years, and new payment methods, like digital and mobile transactions, are quickly gaining steam, with several new payment interfaces being rolled out over the past month.