BurklandAssociates
DECEMBER 27, 2020
Burkland has a robust and growing FinTech practice led by Steve Lord out of our New York office. Burkland’s FinTech CFOs, controllers, accountants, and tax advisors are well-versed in the Read More. The post Recommended Resources for FinTech Startups appeared first on Burkland.
PYMNTS
DECEMBER 27, 2020
The highly competitive streaming-audio industry could be starting the New Year with some consolidation, a new report suggests. Jack Dorsey — the billionaire CEO of Square and Twitter — is said to be interested in buying TIDAL , the audio service owned by billionaire music legend Jay-Z. Unnamed sources told Bloomberg that the outspoken Dorsey has been seen with Jay-Z and his singer-wife Beyonce recently, and is reportedly interested in adding a music feature to payment platform Square’s growin
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Withum
DECEMBER 27, 2020
PYMNTS
DECEMBER 27, 2020
The second trial of digital yuan by the People's Bank of China has concluded, resulting in hundreds of thousands spent on eCommerce retail, food delivery and ride-sharing, The Wall Street Journal (WSJ) reports. The trial began earlier in the month as authorities handed out 20 million digital yuan, or $3.1 million, to local residents of Suzhou from a lottery.
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PYMNTS
DECEMBER 27, 2020
Sales of PCs, defined as computers with keyboards, stormed back in 2020, Reuters reported. Credit the sudden need for remote-work and -study options as COVID-19 took hold. Manufacturers remain months away from filling existing orders, the news service reported. “The whole supply chain has been strained like never before,” Gregg Prendergast , Pan-America president at Acer Inc., told Reuters.
PYMNTS
DECEMBER 27, 2020
There’s nothing new under the sun, goes the saying. There are just new ways to take it public. As 2020 sunsets, we’ve seen all manner of listings, including previously less-prevalent ones that, in a year like no other, outperformed traditional initial public offerings in terms of dollars raised. As for the overall numbers: Bloomberg reported that U.S. firms alone raised more than $435 billion, far outpacing the $279 billion raised in 2014, the previous annual record.
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PYMNTS
DECEMBER 27, 2020
The price of bitcoin has passed $28,000 on Sunday (Dec. 27) just hours after also passing $27,000 for the first time, according to the NASDAQ. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. The rise of the currency's value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. 25) and then $26,000 on Saturday (Dec. 26).
PYMNTS
DECEMBER 27, 2020
PayPal has dropped its bid to acquire bitcoin wallet purveyor BitGo but remains interested in investing in the cryptocurrency space, Fortune reported. PayPal’s pursuit of BitGo became public in October, though neither company would confirm they were holding talks. At the time, according to Bloomberg in a contemporaneous report, proponents of a deal were suggesting such a move would help PayPal grow in the digital coin realm.
PYMNTS
DECEMBER 27, 2020
Financial regulators in China are moving to curb the influence of Jack Ma 's Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. The People's Bank of China criticized Ant on Sunday (Dec. 27) for how it treated competitors and consumers and also seemingly disregarded regulations.
PYMNTS
DECEMBER 27, 2020
A Brexit deal has been reached between the U.K. and European Union (EU), which will help to define the future relations of the two entities, The Wall Street Journal (WSJ) reports. “So we have finally found an agreement. It was a long and winding road, but we have got a good deal to show for it. It is fair. It is a balanced deal and it is the right and responsible thing to do for both sides,” European Commission President Ursula von der Leyen said in a press conference after the deal was announce
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PYMNTS
DECEMBER 27, 2020
The suspected Russian hackers who penetrated important U.S. government networks by hijacking the system information technology vendor SolarWinds Corp. used to update customers’ software also used Microsoft resellers’ systems to break into their clients’ systems, Reuters reported, citing investigators. Crowdstrike Holdings Inc. , a security firm, on Thursday said its unidentified software vendor had been comprised and hackers used the access try to read Crowdstrike’s internal email, Reuters repor
PYMNTS
DECEMBER 27, 2020
The Chinese government’s previously announced antitrust investigation of Alibaba Group Holding Ltd. is focusing on whether the internet giant refused access to its online marketplace to vendors that also wanted to sell elsewhere, according to an official Chinese government website. China’s State Administration for Market Regulation posted a notice on its website Thursday (Dec. 24) stating that it was looking into whether Alibaba had improperly engaged in a practice the Chinese call “er xuan yi,”
PYMNTS
DECEMBER 27, 2020
Holiday sales rose this year compared to last but failed to meet many analysts’ expectations and were especially disappointing for brick-and-mortar operators, according to a variety of data sources. Mastercard SpendingPulse , whose data reflects electronic, cash and check purchases, reported sales for goods other than gasoline and automobiles were up 2.4 percent from Nov. 1 - 24, which the data provider described as the traditional holiday shopping period.
PYMNTS
DECEMBER 27, 2020
President Donald Trump has signed a sweeping $900 billion pandemic relief bill on Sunday night (Dec. 27), The Wall Street Journal (WSJ) writes, averting a government shutdown and allowing millions of Americans help as the pandemic continues through the new year. There was uncertainty over whether Trump would sign the package for the past several days after he announced objections to the bill passed by Congress last week.
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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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