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Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing

CFO News

The Central Board of Indirect Taxes and Customs (CBIC) in India is planning to introduce biometric authentication and geo-tagging in an effort to crack down on GST fraud. The biometric authentication will be used to verify the identities of individuals connected to businesses that are suspected of fraudulent activity.

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Olympics Delay Will Spark Race To Recoup Sunk Costs

PYMNTS

That price tag would be divvied up between Tokyo, the aforementioned organizing committee and the central government. At the end of last year, a report from the country’s National Audit Board said that in addition to the official $12.6 billion USD. billion tally, there is an additional $9.7

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Data Dive, Better Together Edition: Worldpay, FIS, Google, eBay, PayPal, Instagram

PYMNTS

Once the deal is closed, the new 12-member board will have seven members coming from FIS and five from Worldpay. Norcross will remain as FIS’ chairman of the board, president and chief executive officer, while Drucker will serve as the executive vice chairman of the board.

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AI And A Consumer’s Curated Path To Purchase

PYMNTS

Marketplaces need to invest in customer data and analytics as centralized foundations of their platform, because it is so critical to really understand that customer, both within that marketplace and in the wider commerce ecosystem. It is a small example, but one that points to the much bigger emerging truth in the market, he said.

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Transcript: Albert Wenger

Barry Ritholtz

So it’s been a central to what I do and who I am. And Joshua added tags to that, and so you could browse things by tags. Like, just to give a good example, when I was still on the board of Twilio, Twilio had the option of doing a totally clean, no structure round and call it $1,000,000,001.

Valuation 117
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The Difference Makers: Key Person(s) Valuation

Musings on Markets

While that effect tends to fade as businesses get larger, the tumult at Open AI, where the board dismissed Sam Altman as CEO, and then faced with an enterprise-wide meltdown, as capital providers and employees threatened to quit, illustrates that even at larger entities, a person or a few people can make a value difference.

Valuation 113
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What’s Next In Libra’s Serial Cliffhanger?

PYMNTS

For those who see Libra as the hero — where an alternative currency takes root and challenges central bank fiat, gains acceptance, promotes financial inclusion for more than a billion people — this past week’s event means that the Libra Association will live to fight another day. Monday, then, marked the announcement of the Libra charter.