Bill.com Gets Cozy With Accounting Apps

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Corporate bill pay solution Bill.com announced new integrations into corporate accounting platforms on Wednesday (July 27), while it also rolled out support for automated and mobile features. “To stay competitive and profitable, accounting and bookkeeping firms increasingly rely on a platform that is based in the cloud and extended with mobile apps to introduce efficiency and reduce costs,” said Bill.com Senior Director of Channels and Alliances Bob Lewis in a statement.

Digital Banking Apps Cashing In

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Whatever nomenclature you prefer — neobank, challenger bank, digital bank — the common denominator is app-based convenience and the power of algorithms to help manage and save that has people downloading these apps like mad.

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Finicity Extends API Expertise; Signs Data Access Agreement With Brex

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The access will allow Brex customers to link accounts to apps that use Finicity’s secure data network. For example, a Brex customer may configure its accounting app to automatically receive their account transactions, or review their cash flow to establish a line of credit.

Comcast Launches Apple Pay Option For Xfinity Bill Payments

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Comcast has made an update to its Xfinity account management app so that it can soon start accepting bill payments via Apple Pay. of the cable company’s Xfinity My Account app for iPhone, including the new feature. A statement from Comcast adds that push notifications have been added to the app for Tech ETA to let you know exactly where your tech is, as well as other minor enhancements and bug fixes. Xfinity My Account is available for free on the App Store.

New Report: How Alipay Fends Off The Fraudsters

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Consumers and retailers have become more wary of handling physical cash during the COVID-19 pandemic, spurring some to turn to mobile payment apps instead as a safer, contactless alternative. The payment app space is not the only one gearing up against crime, of course.

Data Leak Compels Samsung To Activate Two-Factor Authentication

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The initiative starts this week, after a glitch caused about 150 users to see private account data that included phone numbers, names and addresses of people they didn’t know. An update to the Samsung account app shows where Samsung is making the change “mandatory” for all of its users. .

Plaid FinTech Expands Into Three More European Countries

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The Silicon-based startup, launched in 2013, uses a unified application programming interface (API) to link FinTech apps with people’s bank accounts. earlier this year, Plaid has landed FinTech clients, like the budget app Cleo and the accounting app Pandle. and the European Union require account transparency to regulated third parties, as long as customers agree.

HSBC Launches ‘Connected Money’ App

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As FinTech firms grow in popularity with their personalized services and sleek mobile apps, HSBC looks to compete by launching a multi-account app for customers in the U.K. The new app, which was dubbed “Connected Money,” garnered 13,000 downloads within one day of its rollout, Reuters reported. Through the app, users can take a look at their accounts at up to 21 different banks.

Why Cash Management Is Driving Corporate?s Digital Payments Transformation

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Now that businesses have gotten a taste of what it means to automate workflows like invoicing, accounts receivable (AR) and cash management, they’re likely never turning back. But for accountants and AR departments, this integration strategy can go even further.

Countingup Teams With Hokodo; Boost And Shell Malaysia Unveil eWallet Payments

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Through the eWallet, which users can download through the Google Play Store for Android users or the App Store for iOS users, customers can make tap into payments and money transfers along with prepaid top ups, among other features. small business banking and accounting app Countingup is teaming up with insurance solutions provider Hokodo, according to reports. It also reported the app’s “Videos” tap will offer on-demand video streaming by the second quarter of 2019.

HSBC, Avant Team On Personal Loans

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Consumers can apply in minutes and have the money in their account within a day, with rates anywhere from 5.99 This is the latest effort in digital banking from HSBC, which revealed earlier this year that it was launching a multi-account app for customers in the U.K. The new app, which was dubbed “Connected Money,” garnered 13,000 downloads within one day of its rollout. Through the app, users can take a look at their accounts at up to 21 different banks.

In Sierra Leone, Late Payments Lay Waste To SMBs

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Countingup , a small business banking and accounting app, said it had inked a pact with FinTech and insurance solutions firm Hokodo , eyeing SMB risk tied to late payments and unpaid invoices. And I would say, in certain industries, it is an endemic problem that causes structural problems throughout the sector, where you can end up with situations where otherwise healthy businesses that are good businesses keel over, because they are starved of cash,” he told Accountancy Age.

Cutting Through The Accounting Jargon For Independent Contractors

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Unfortunately, independent contractors have also frequently been left out of the picture for traditional banks and even newer FinTechs despite the recent influx of small business cloud accounting apps and other B2B FinTech platforms. Accounts payable is the money you owe your suppliers.

SMBs Remain Hot Spot For Open Banking Business Models

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Recent reports in Accountancy Age said SMBs are largely unaware of open banking, with Intuit Quickbooks finding in a survey of U.K. SMB Accounting App Coconut Opens to Banks.

When Passwords Become Corporates’ Own Worst Enemy

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most common) passwords and check them against millions of accounts. ” A hacker may target an executive in the finance department with a phishing scam, someone who they know is a controller, with a higher level of access to company bank accounts or other financial data. A successful email campaign that steals the password of a company’s Uber account could also compromise an organization’s online banking credentials or accounting app login information.

How Accountants-Turned-Advisors Can Manage The FinTech Deluge

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Technology may be enabling automation in small business (SMB) accounting and financial management, but rather than cutting out the need for human accountants in the field, this tech disruption is supporting a change in the profession. Instead of number-crunching, accountants — like other financial services (FinServ) providers — are now expected to provide their small business clients with advisory services and guidance.

Why The Enterprise Struggles With Safeguarding Cloud Apps

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That trust has permeated the financial services industry, too, as banks begin to migrate data and apps to the cloud and FinTechs launch entirely on cloud infrastructure. Increasingly, those assets include financial services apps like Xero , which recently announced news that Imperva would be providing cybersecurity solutions for the cloud accounting company. B2B Payments B2B Cybersecurity enterprise security financial services Imperva mobile apps News