Sat.Aug 17, 2019 - Fri.Aug 23, 2019

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An Open Letter To The CFO on FP&A

Jedox Finance

Dear CFO, We heard that you put FP&A on your list of top priorities to work on. We understand that you’re not satisfied with the return on investment you’re getting from the department. You told us that there is too much data, reporting, and analysis and too few real insights that change decisions for the better. You also told us that you don’t feel adequately supported by the FP&A department on a strategic level to be a business partner to the CEO.

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In Latin America, Ripple Makes Remittance Waves

PYMNTS

In Latin America, news comes this week that Santander Group is boosting its use of Ripple’s technology to aid payments across what CoinDesk reported is a “payment corridor” in Latin America. As reported , the corridor would enable customers in Latin America to send money to the United States instantly, without fees, through the app One Pay FX. That app, the site noted, uses xCurrent software.

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Top trends in budgeting, planning and forecasting

Future CFO

The days of manual, spreadsheet-based budgeting, planning and forecasting processes are numbered. As leading organizations seek new ways to supercharge their BPF processes, this white paper takes a look at nine key trends which are shaping the future of the field, including AI, real-time collaborative decision-making and the inclusion of non-financial data in forecasting activities.Download.

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How Painful Can Factor Investing Get?

CFA Institute

The last 18 months have not been kind to factor investors, and multi-factor products — with an almost 20% decline — have provided little relief.

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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.

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Mastercard Looks To Hire Crypto Team

PYMNTS

Mastercard , already an ally of Facebook’s Libra , announced it’s in the midst of planning its own cryptocurrency team, the New York Post reported on Saturday (Aug. 17). The move is in line with Mastercard’s goal of being known as a technology company “more than a card company,” Ted Rossman, an analyst with CreditCards.com, told the NYP. It’s “a smart move,” another card expert told the paper.

More Trending

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Flexa: Making Crypto Spendable In Every Store

PYMNTS

One common criticism of bitcoin and other cryptocurrencies is that — beyond the wild price swings and uncertain regulatory climate — the digital coins are not widely accepted by merchants on any grand scale. This means, of course, that using cryptos in commerce is, thus far, a limited proposition. Against that backdrop, payments network Flexa said earlier this summer that it had expanded its reach into Canada with its SPEDN cryptocurrency wallet.

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Trending: FIs Use AI To Challenge Challenger Banks

PYMNTS

Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. European challenger banks like Monzo and N26 are expanding to new markets and an increasing number of other financial players are launching suites of products and services designed to entice customers away from their traditional financial institutions (FIs).

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JPMorgan Shuts Down Chase Pay In Stores

PYMNTS

JPMorgan has discontinued its Chase Pay app that allowed users to pay with their smartphones in stores, according to a report by Bloomberg. The app will stop working in the early part of next year, but users will still be able to use Chase Pay on websites and in the apps of participating retailers. The Chase Pay app, which lets customers tap at POS terminals, was introduced four years ago as a way to compete with companies like Apple.

Retail 77
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BoA Looks To Create Multi-Currency Digital Wallet

PYMNTS

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. The North Carolina-based bank filed a “Multi-Tiered Digital Wallet Security” application in February 2018 with the United States Patent and Trademark Office (USPTO), Coindesk reported.

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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.

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SWIFT: Real-Time Payments Demands Real-Time Security And Compliance

PYMNTS

When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. To compare payment rails to real-life rails, no rail passenger wants to travel faster without assurance that they are traveling safely.

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A Few Things About The Internet Of Things

PYMNTS

Devices are everywhere – and are now intelligent and interacting with us through all manner of daily routines. There are billions of devices in the world helping to monitor and regulate everything from room temperatures to restocking the fridge. The Intelligence of Things Tracker has shown that smart cities, security and even healthcare are all getting a boost from tech-powered devices that promise ease and convenience in keeping our lives, well, humming.

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Supply Chains, Aided by AI And Robots

PYMNTS

eCommerce is ever faster — and consumers want what they want — now. That means for the firms shipping all manner of goods across all manner of verticals need to track inventory and supply chains in real time. Technology is the key to speed. To that end, software and robotics firm GreyOrange said earlier this month that the company had forged partnerships with eight warehouse firms in the United States.

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World Bank Lands $33M For Australian Blockchain Bond

PYMNTS

The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond- i. The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. It is issued in Australian dollars by non-Australian organizations, including governments, businesses, and financial institutions.

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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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When Disaster Strikes, Digital ID Is Front And Center

PYMNTS

Hurricanes, wildfires, tornados, earthquakes and floods — disasters of all types tend to bring out the best and the worst in people. Generous donations. Ripped-off funds. Faulty grant applications and truckloads of supplies sent to the impacted areas. Whatever the angle — honest or fraudulent — the rise of the digital economy can amplify the actions of both good and bad actors in the aftermath of tragedy.

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Goldman CEO Touts Apple Card As Consumer Banking Catalyst

PYMNTS

The launch of the Apple Card is allowing Goldman Sachs to become a leader in consumer banking, according to the bank’s CEO David Solomon. In late March, Apple and Goldman Sachs announced the Apple Card , which users sign up for through Apple Pay. They get approval on their device and can begin using it immediately. The card is stored in the wallet app and doesn’t have any fees.

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Can Digitally-Read Emotions Play a Role in Payments and Retail?

PYMNTS

Emotions play a significant role in all human endeavors, and that certainly goes for payments and commerce. And even as those two activities become ever more digital and mobile, emotions are still there as a focus. Indeed, the role of emotions in payments and commerce in this digital age looks sure to grow even more. Fresh evidence supporting that point comes from Amazon.

Retail 74
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Amazon On Track To Invest $15B In Tools For Third-Party Sellers

PYMNTS

Amazon is on track to invest upwards of $15 billion this year in new tools to help small and medium-sized businesses (SMBs) grow and succeed, according to a press release. . To aid SMBs, 150 new tools have been launched since the beginning of the year, the company announced on Thursday (Aug 22). These include Sold by Amazon, which helps to manage pricing, and Target Inventory Levels, which helps merchants manage Fulfillment by Amazon (FBA) inventory. .

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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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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas. The latest news centers on Sodinokibi, a ransomware strain that has helped fraudsters make higher ransom demands. Through that ransomware they have been hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key.

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Online B2B Marketplaces See New Funding Rounds 

PYMNTS

B2B marketplaces are seeing increased investments, as seen in recent funding activity spanning a variety of verticals, for a total of $18.5 million in venture capital. Ratelt. As reported by The Business Times , in Singapore, Tin Men Capital, a venture capital firm focused on B2B tech startups, led a $5 million Series A funding round to invest in RateIt.

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Why It’s Time To Break Mobile Commerce Stereotypes

PYMNTS

Don’t count out older consumers when it comes to mobile commerce – that’s one trend going forward into the 2020s that is important as the population continues to age. That said, there seems little question that younger consumers will continue to drive most changes in mobile, including its often complex place in the retail and shopping chain. In a new PYMNTS interview, Sri Narasimhan, head of strategy, partnerships and business development at LISNR , dug into the findings of new research from his

Retail 71
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PayID Hack Prompts Warning From Banks Down Under

PYMNTS

A recent PayID data breach reported to Australia’s New Payments Platform (NPP) has prompted banks to issue warnings to customers, FinTech Extra reported on Wednesday (Aug. 21). Aussie financial institutions started sending breach notifications after an undisclosed number of PayID records were exposed in the country’s real-time NPP on Friday (Aug. 16).

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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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EU Investigating Libra For ‘Anti-Competitive Behavior’

PYMNTS

European Union antitrust regulators announced that they are “currently investigating potential anti-competitive behavior” related to Facebook ’s Libra. According to Bloomberg , the EU authority said in a questionnaire released earlier this month that it has concerns that Libra could create “possible competition restrictions” on the information exchanged and the use of consumer data.

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The Cloud Surrounding Banks’ Data Security (In The Cloud, Too)

PYMNTS

No rest for banks amid the hackers. And certainly not with an outsourced tech model. In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. A quoted by Bloomberg , a senior official at the European Central Bank (ECB) has warned of the threats that come with embracing the digital age.

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In Ireland, Banking Federation Promotes FinTech Foresight

PYMNTS

The Banking & Payments Federation Ireland said it had established a FinTech Foresight Group — further evidence of collaborations between traditional financial institutions and tech upstarts. That group, according to the release , has been formed to help harness “new technical developments from the startup ecosystem” and help shape FinTech policy.

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US Lawmakers Visit Switzerland To Talk Libra

PYMNTS

During an upcoming visit to Switzerland , American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. A group of six lawmakers, led by Rep. Maxine Waters, will hold a meeting with the Swiss Federal Data Protection and Information Commissioner (FDPIC) Adrian Lobsiger, according to Bloomberg. Waters has been a vocal critic of the social media giant’s plans for its own digital currency.

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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.