PYMNTS

JANUARY 22, 2021

India's central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. The Reserve Bank of India , according to the Friday (Jan. 22) report, wants to prevent events like the collapse of a major financier in 2018 — which continues to have effects on the financial system even now. The bank wants to classify non-bank financial companies as one of four categories, based on circumstances like the size of assets, according to a discussion paper seen by Bloomb

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AccountingDepartment

JANUARY 22, 2021

Businesses can thrive or fail based on how healthy their accounting is. Don't guess! Measure the health of your accounting and see where you stand.

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PYMNTS

JANUARY 22, 2021

Global payments firm MoneyGram is advancing its Visa debit card deposit service across Europe in a partnership with Checkout.com and continued collaboration with Visa’s real-time push payments platform Visa Direct. "Our strategic partnerships have enabled MoneyGram to create the world's leading network, and this expansion is another milestone on our journey to lead the evolution of digital P2P payments," Alex Holmes, MoneyGram chairman and CEO, said in a press release on Friday (Jan. 22).

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GrowthForceBlog

JANUARY 22, 2021

7 min read. In service businesses, what would make one run successfully with consistent profitability while another struggles through every quarter? Let’s look at what happens on the inside….

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PYMNTS

JANUARY 22, 2021

Social media image-sharing platform Pinterest is introducing an augmented reality (AR) try-on tool to help users assess and compare eyeshadow. . “The future of shopping will rely on online shopping experiences that are similar to that of in-store and complement that joy we find in browsing, seeing curated collections, and trying on products until we find what’s best for us,” Pinterest said in a Friday (Jan. 22) press release.

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RitaKeller

JANUARY 22, 2021

“Paychecks can’t buy passion.” – Brad Federman. To drive engagement, it’s simple, you have to be proactive. Read this blog post from 2017 to learn about your three types of employees.

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Withum

JANUARY 22, 2021

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PYMNTS

JANUARY 22, 2021

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. But the leader of the pack goes to one corporate travel and expense management startup that impressed investors despite a business trip slump.

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Withum

JANUARY 22, 2021

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PYMNTS

JANUARY 22, 2021

In the Land Down Under, the ripple effects of the clash between regulators and a giant in online search (that would be Google , of course) may be such that consumers are left searching for search. And it signals that Big Tech may deem it prudent to exit markets, to the detriment of users who have come to rely on those firms’ offerings for everyday life.

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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.

PYMNTS

JANUARY 22, 2021

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. Adding to the headache is the sector's typical burden of a high volume of transactions that flow via legacy and paper-based processes. Well before the pandemic hit, however, the healthcare arena began to embrace the opportunities of digitization — at least, on the patient-facing end of operations.

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PYMNTS

JANUARY 22, 2021

Sergi Herrero co-CEO of VEON , explores how the COVID-19 pandemic has triggered the acceleration of cashless payments, and how that has posed a challenge to the world's unbanked population. In " A Look Forward: What Executives Wish for America and the World in 2021 ," Herrero discusses how his firm's community-based digital literacy and entrepreneurship programs are harnessing technology and connectivity to improve education provision and livelihood outcomes for previously disadvantaged groups.

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PYMNTS

JANUARY 22, 2021

Ringing in the new is generally a theme in the month of January, although it is more normally expressed during the first week, not the third. And though the 2021 inaugural celebration was different in many regards, that excitement in peering at an upcoming future was, as always, in place. Coming in to discuss that rapidly resetting world – in a week where the going theme was "out with the old and in with the new" – was Mark Fiorentino , principal at tech-oriented VC firm Index Ventures , who tal

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PYMNTS

JANUARY 22, 2021

In 2018 the Supreme Court struck down a 1984 federal law that prohibited gambling in most states. And that opened up an entirely new playing field for online gaming establishments now free to operate in any state that would allow them. And as Ingo Money CEO Drew Edwards said in a recent conversation with PYMNTS' Karen Webster, it opened up a whole new world of tangled regulations as 50 different jurisdictions will attempt to put together rules to prevent online gambling sites from becoming haven

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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

Technology

PYMNTS

JANUARY 22, 2021

Google’s parent company Alphabet is pulling the plug on its subsidiary Loon , a futuristic venture that for the past decade was exploring the use of giant helium balloons to deliver internet access to remote locales. “Loon has been chasing the hardest problem of all in connectivity — the last billion users,” Loon CEO Alastair Westgarth said in a blog post on Medium. .

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PYMNTS

JANUARY 22, 2021

Chinese eSports provider VSPN has raised $60 million in a Series B+ funding round to help it expand its operations overseas. Investors in the latest financing included Prospect Avenue Capital, Guiotai Junan International, and Nan Fung Group. Lighthouse Capital served as the exclusive financial adviser. Shanghai-based VSPN said it plans to spend the cash largely on investing in innovative eSports production technologies, creating new products and expanding its reach overseas.

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PYMNTS

JANUARY 22, 2021

The subscription business is all about the bundles. For years “unbundling” disparate elements of subscription offers were all the rage when it came to reaching consumers. The concept of “bundle” became interchangeable with the concept of bloat, which meant consumers had to pay a lot of money to access the one element of the subscription they actually wanted, and waste money on the ones they didn’t want but had to pay for.

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PYMNTS

JANUARY 22, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Doug Brown, senior vice president and general manager, NCR Digital Banking , discusses how financial institutions should evolve to remain relevant and build customers' trust. “Looking ahead, banks and credit unions must go beyond just cross-selling and focus on building trust with individualized tools and guidance,” said Brown.

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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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PYMNTS

JANUARY 22, 2021

The latest surge of COVID-19 infections is pushing the Eurozone into a second recession, squashing hopes for a near-term rebound of the global economy. IHS Markit said its Purchasing Managers Index for the region, which measures manufacturing and service sector activity, slid to 47.5 in January from 49.1 in December, with a reading below 50 considered a decline in activity.

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PYMNTS

JANUARY 22, 2021

Amazon is planning to hike fees for Spanish companies using its platform by 3 percent from April, according to a Reuters report, since the country's government imposed a new digital tax. A spokesperson for Amazon said the so-called " Google tax" would end up hitting users. Spain began charging the fee on Jan. 21. The move is one of the many ways world leaders have been looking to tax Big Tech companies on the revenue generated in their economies in lack of a wider agreement to deal with their in

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PYMNTS

JANUARY 22, 2021

In today’s top payments news around the world, Tiger Global Management has bought a 4.4 percent share in Just Eat Takeaway.com, while Shenzhen will continue China’s digital yuan pilot. Plus, Chinese eSports company VSPN has notched $60 million in a Series B+ funding round. Tiger Global Buys 4.4 Pct Slice of Just Eat Takeaway Worth $746 Million. Tiger Global Management has purchased a 4.4 percent share in Just Eat Takeaway.com, valued at a bit more than 613 million euros (approximately $746 milli

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PYMNTS

JANUARY 22, 2021

Within days of the European Union saying it was probing Alphabet 's advertising and data collection processes, Alphabet CEO Sundar Pichai is set to converse with European Commission Digital Affairs and Antitrust Chief Margrethe Vestager , Bloomberg reported. Vestager and Pichai will “will discuss issues within the digital and competition portfolios,” a representative of the EU said, per Bloomberg.

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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.

Technology

PYMNTS

JANUARY 22, 2021

At first blush, you might wonder why the largest U.S. airline would suddenly announce that it is launching a brand new wine delivery service, given the many other pandemic-related challenges that it is currently facing. But in American Airlines’ own words, the answer is rather simple: “Wine Not?”. According to a press release, the Texas-based airline is launching what it calls “Flagship Cellars,” a joint venture with online wine retailer Vinesse that will offer home delivery of a specially curat

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PYMNTS

JANUARY 22, 2021

Loyalty programs have been a mainstay in quick-service restaurants’ (QSRs) tool kits. Research suggests that given the enormous competition in the industry, however, free food and discounts aren’t enough to attract and maintain customers. QSRs are realizing the benefits of offering customized rewards geared toward patrons’ specific needs through the channels they use most.

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PYMNTS

JANUARY 22, 2021

Consumers are going online to complete their shopping during the pandemic — even for major purchases typically done in person, such as buying a car. Shoppers who have become accustomed to quick-moving digital transactions may find it all the more painful when their auto financing disbursements take days to arrive, however. Those who were happy to wait days to receive checks in the mail or for ACH transactions to settle are now likely to regard these delays as unnecessary frictions in their car-b

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PYMNTS

JANUARY 22, 2021

“Digital solutions simply had to be up and running swiftly in order to enable clients to continue to do business at a crucial point, and those solutions are unquestionably here to stay,” says Natasha Condon, J.P. Morgan ’s global head of core trade. In " A Look Forward: What Executives Wish for America and the World in 2021 ," Condon discusses how the pandemic has challenged global trade and payments, and how platforms must start to effectively interoperate to keep trade flowing.

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PYMNTS

JANUARY 22, 2021

That the pandemic has been a fraudster’s playground is not in doubt. Were it not for a flurry of digital transformation all through 2020 the frightful fraud scene might’ve been worse. PYMNTS January 2021 Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company, notes, “Banks, government agencies and retailers have scrambled to adjust to consumers’ digital spending and payment shifts during the pandemic, but doing so swiftly has presented security challenges.

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PYMNTS

JANUARY 22, 2021

While the corporate treasurer's fundamental role has remained steady, the treasury function has seen dramatic impacts from a changing market that is increasingly moving toward real time. In pursuit of instant cash management and visibility, treasurers' modernization efforts have been underway for some time, with the global coronavirus crisis greatly accelerating those initiatives as liquidity management has become even more vital to the enterprise's overall health.

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PYMNTS

JANUARY 22, 2021

Given the roller coaster ride consumer finances have been on for the last 10 months, managing risk has become critical for financial institutions (FIs), both in terms of rising fraud counts and in terms of rising consumer delinquencies. Mastercard ’s Vice President, Global Head of Product for Artificial Intelligence (AI) Express and Credit Risk Amyn Dhala told Karen Webster in a discussion that technology can make that real-time risk management attainable.

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accounting and finance Technology Start-ups Government 106

PYMNTS

JANUARY 22, 2021

There were a lot of superlatives associated with 2020, only a few them on the positive side. But there were some notable exceptions, including this one: It was the biggest year for s’mores in history. That is what Hershey’s Chief Growth Officer Kristen Riggs said Thursday (Jan. 21) at a virtual conference hosted by the National Retail Federation as part of its keystone 2021 event.

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Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance