Sat.Mar 07, 2020 - Fri.Mar 13, 2020

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The Innovative ‘Green Shoots’ Growing Out Of COVID-19’s Scorched Earth

PYMNTS

There seem to be countless sources of collateral damage associated with the unexpected appearance of COVID-19 in early 2020 – the shutdown of production in China, the ripples through the global supply chain, the virtual zeroing out of the travel and events vertical and the carnage on Wall Street. The uncertainty injected into the market, as Ning Wang, co-founder and chief business officer at PingPong , told Karen Webster in a recent conversation, is having undeniable effects worldwide – which ar

Sales 113
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Capturing enterprise value through integrated data and Connected Sales Planning

Anaplan

Companies, regardless of their size, are dynamic entities—customers and their profiles change, employees come and go, and sales and go-to-market strategies shift throughout the year.

Sales 59
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Accessing Capital for Veterans

Adam Kae

First and foremost, thank you for your service. You’re now entering a new era of your life as a business owner. If you’re reading this, maybe you’re considering opening up shop, or perhaps you’re in business and looking for more resources! As a veteran, the U.S. government has created numerous programs and opportunities to drive you to success! The Office of Veterans Business Development (OVBD) This department is exclusively geared toward veterans seeking entrepreneurship.

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Euler Hermes: 75% of the Chinese economy is back

Future CFO

Daily data on traffic congestion and coal consumption suggest that the Chinese economy overall is operating about 25% below its usual level in the sixth week after the Lunar New Year, said Euler Hermes recently. Industrial production, retail sales and investment data for January-February that will be released on 16 March will provide a better picture of how much the COVID-19 outbreak hit the Chinese economy, the company pointed out.

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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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French Court Says Bitcoin Is Money

PYMNTS

A French court has decided that bitcoin is money, the first time a court in France has issued such a ruling, according to a report from Les Echos Sunday (March 8). The decision came about following a clash between the Bitcoin marketplace Paymium and the crypto investment company BitSpread. The result of the ruling could lead to more activity in the French bitcoin market.

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Singapore REIT Fee Structures: Are Investor and Manager Interests Aligned?

CFA Institute

How can we gauge whether the interests of REIT unitholders and their managers are really in sync?

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How CFOs can overcome RPA challenges

Future CFO

While RPA offers many benefits, CFOs face challenges related to implementation and employee mindset when deploying the technology. Malina Platon, managing director for ASEAN (pictured) at UiPath shares with FutureCFO on how finance leaders can tackle these challenges. Malina Platon, Managing Director for ASEAN, UiPath. FutureCFO: What are the latest RPA implementation challenges facing CFOs?

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Biometrics: The Key To Overcoming Contactless Payment Limits?

PYMNTS

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. A recent study found 32 percent of security incidents in 2019 involved phishing and 29 percent involved stolen credentials, both of which would have been much more difficult had secure digital ID systems been in place.

Leverage 109
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Apple Resumes Operation Of All China Retail Locations

PYMNTS

After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. has reportedly put all of them back into operation. The closures were one of the main reasons the tech company cited for removing its March quarter sales outlook, Bloomberg reported. Apple has been slowly reopening the locations, with 38 of the 42 shops open for business as of last week.

Retail 106
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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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Making Invisible Payments More Than A Buzzword

PYMNTS

From cash and coins to mobile wallets to wearables … to invisible payments. About 90 percent of purchases are still being made in-store, but the payment modalities are changing — and rapidly. To that end, said Matt Good, senior vice president and general manager of Elan Advisory Services , in an interview with PYMNTS, fledgling ways to pay — where wearables are wielded as payment instruments, and where mobile wallets replace leather ones — will soon become everyday methods.

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Joust To Finance Freelancers’ Outstanding SXSW Invoices

PYMNTS

Joust, a banking app in Austin, has announced it will pay users on their unpaid SXSW invoices to help them deal with the cancellation of the huge yearly festival, according to a release. Joust, which was a finalist for the 2020 SXSW Innovation Awards, said it will offer any affected users zero payment processing fees on its FDIC-insured free bank account.

Invoicing 102
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Alipay Launches Strategy For Massive Digital Evolution In China

PYMNTS

Ant Financial , a division of China’s eCommerce giant Alibaba, has launched a three-year strategy to make its Alipay mobile app platform available to 40 million service providers so they can digitize their offerings, Alipay said in a press release on Tuesday (March 10). Alipay, the biggest payment platform worldwide, is aiming to solidify its position in China.

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Santander Purchases Majority Stake In Mercury TFS With €30M Investment

PYMNTS

As part of its digital plans to speed up growth by purchasing shares in companies, Banco Santander is buying a majority stake in Mercury TFS. The bank is making an investment of €30 million in the firm, which automates as well as digitizes management of trade finance transactions for corporate clients from start to finish, according to an announcement.

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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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Amazon To Deliver Coronavirus Test Kits In Seattle

PYMNTS

To assist in bringing at-home testing kits for COVID-19, the disease caused by the coronavirus , to homes of Seattle-area residents, Amazon Care is reportedly in discussions with local health groups, according to a CNBC report. The talks have been occurring for over a week, according to unnamed sources. Amazon Care rolled out last fall as an experimental effort to provide employees and dependents in the area of Seattle with high-quality health care.

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Airbnb Sees 40 Percent Drop In Bookings; Delays IPO

PYMNTS

The toll of the coronavirus on businesses has hit everything from tourism to large gatherings like concerts and conventions. With those goes the value of Airbnb , which saw its bookings fall by 40 percent, according to published reports Thursday (March 12). According to independent data from analytics group Airdna, the drop was largest in China (previously the fastest-growing market for the rental platform) and parts of Europe where the virus has hit the hardest.

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Fiserv On Why 2020 Is ‘The Year Of P2P’

PYMNTS

Will this be the year that real-time payments — and, especially, peer-to-peer (P2P) — reach critical mass in the United States? In an interview with PYMNTS, Matt Wilcox, senior vice president of payments innovation at Fiserv , said recent data points show that an increasing number of financial institutions (FIs) are determined to satisfy a real demand for real-time transactions.

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Blockchain.com Unveils ‘Borrow’ Service

PYMNTS

To allow users to borrow against their holdings, digital currency wallet and exchange company Blockchain.com unveiled a “Borrow” Service. The offering will provide loans in stablecoins that are denominated in U.S. dollars against bitcoin holdings kept in the Blockchain Wallet, Coindesk reported. Blockchain Co-Founder and CEO Peter Smith said per the report, “Institutional and retail investors have the same financial goals — grow wealth and manage risks — but the tools at their disposal are vastl

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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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The Real-Time Disruption Of Banking And Business

PYMNTS

Faster payments are only one example of the effects of a world moving toward real-time everything, with growing customer demands driving change in the way banks and businesses operate themselves. As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity. Indeed, services like Zelle and The Clearing House’s RTP are impacting, both directly and residually, financial processes of banks, small- to medium-sized businesses (SMBs)

Banking 85
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How Headless Commerce Can Level The eCommerce Playing Field

PYMNTS

It’s a simple concept, but one that is quickly revolutionizing how consumers buy from eCommerce. It’s called headless commerce. Aside from the funny name, technically it’s a digital architecture that separates the back end and front end of a retail website to optimize search results, customer experience and the purchase journey. New research says it may be the key to leveling the future eCommerce playing field for Amazon competitors.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Even the most convenient, feature-filled payment rails will fall flat if nobody can be convinced to try them. Such systems can offer everything from swifter settlement times to easy payment status tracking, but such benefits require widespread adoption. Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem.

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Amazon Covertly Working On Cold Vaccine

PYMNTS

Amazon has been secretly working for years to cure the common cold with an initiative called “Project Gesundheit,” according to a report from CNBC. The company has staffed more than 100 people in a research and development group called Grand Challenge, which exists under Amazon’s cloud computing division, AWS. A small part of that group is actively working to cure the common ailment.

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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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Bringing eCommerce – And The Shopping Cart Model – To Healthcare

PYMNTS

To solve the healthcare payments puzzle — look to eCommerce. In an interview with Karen Webster, Paul Ketchel, founder and CEO of MDsave , said that online platform models could help bring together patients seeking affordable care with providers and simplify billing and payments collection along the way. The conversation came against the backdrop, of course, where markets are roiling, there’s talk of recession, and no doubt the health of the consumer is top of mind.

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Amazon Introduces ‘Just Walk Out’ Technology To Merchants

PYMNTS

Amazon is introducing its “Go” concept to other merchants interested in its “Just Walk Out” technology, Reuters reported on Monday (March 9). The eCommerce giant is in talks with other retailers and has “several” signed deals with unnamed customers. The new business division aligns with Amazon’s scheme of turning internal capabilities into business-to-business (B2B) services.

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Today In Payments: Ant Financial Rolls Out Alipay Strategy; Retail Stocks Remain Market Bright Spot

PYMNTS

In today’s top payment news, retail remains a bright spot in the markets, Ant Financial has rolled out a strategy for digital evolution in China, and the Consumer Financial Protection Bureau (CFPB) filed a suit against a Cincinnati-based bank. Payments Stocks Plummet While Retail Remains A Bright Spot. The stock market rout on Monday (March 9) left pretty much no one unaffected.

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Open Banking Expands Into SMB Lending, Smaller Banks

PYMNTS

Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Below, PYMNTS rounds up the latest tie-ups and data sharing efforts as institutions explore how open banking models might accelerate their modernization

Banking 77
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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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Amazon Delivery Exec Leaves For FinTech SoFi

PYMNTS

Amazon’s VP of Delivery Experience Maria Renz is quitting the firm after more than 20 years and is heading over to digital lender Social Finance (SoFi), The Wall Street Journal reported on Thursday (March 12), citing sources. Renz started working for the eCommerce giant in 1999 when Amazon was just five years in the making. She was promoted numerous times, and from 2015 to 2017 she was the first female technical adviser to Jeff Bezos , Amazon’s founder, chairman and CEO.

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Rethinking The SME Loan Underwriting Model In Southeast Asia

PYMNTS

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge. At the root of the matter is often a lack of predictive data to ascertain the creditworthiness of these small- to medium-sized businesses (SMBs).

Banking 77
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NEW DATA: The Innovations Credit Union Members Need To Stick, Not Switch

PYMNTS

Credit unions (CU) members have a reputation of being loyal to their financial institution (FI) — and not without reason. CU members, by and large, are happier than most financial consumers are with their primary FIs, with 88.5 percent saying they are very or extremely satisfied with their CUs’ performance. This compares to just 80.5 percent of non-CU members who say the same.