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Enterprise cloud adoption is reaching new heights thanks to maturity of the technology and newfound trust among corporates of cloud infrastructure. A new report by Intel Security , released today (Feb. 13), uncovers some promising trends for cloud technology in the enterprise: Greater trust in the tech overall, especially in public cloud infrastructure, are both apparent in the survey’s results.
The Indiana Department of Revenue recently updated Information Bulletin #8, “Application of Sales Tax to the Sale, Lease, or Use of Computer Hardware, Computer Software, and Digital Goods.
Standard Chartered is hoping to fuel innovation by giving developers access to banking technology. The bank announced late last week that it is rolling out the Open Banking API Developer Portal that will enable developers to play around with banking technologies, first with a focus on transaction banking and cash management. Standard Chartered said it will look to wield the solutions created by developers on the platform for the bank’s own businesses.
Considering the mind-bending level of competition in the FinTech space today, the rise of the API may raise some eyebrows. After all, if a company has worked so hard to develop some type of financial technology, why would they want to lend that technology out to just about anyone? But the rollout of APIs from financial services and technology giants like Standard Chartered and Citigroup is a chance for the FinTech space to achieve greater levels of collaboration and innovation.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.
Chase Merchant Services, the global payment acceptance and merchant acquiring business division of JPMorgan Chase & Co., just recently announced that veteran financial services executive Valeria Strappa has been named the new chief administrative officer. Matt Kane, CEO of Chase Merchant Services, said in a press release: “Val will be exceptional in helping lead our global and growing business, with her professional experiences, international background, and competitive spirit.”.
From PayPal to Venmo, Google Wallet, Amazon Payments and more, there are a myriad of ways money is processed during transactions around the world. One of the most trusted and reliable ways may be through bank account transfers. As such, there’s a need to simplify all of these complex finance routes, and blockchain technology seems to be the anchor for this.
From PayPal to Venmo, Google Wallet, Amazon Payments and more, there are a myriad of ways money is processed during transactions around the world. One of the most trusted and reliable ways may be through bank account transfers. As such, there’s a need to simplify all of these complex finance routes, and blockchain technology seems to be the anchor for this.
Payment with a connected device requires hardware, of course, at the point of payment. And till now, most often the point of payment required a specialized bit of hardware. Usually on a merchant countertop. . But in an initiative dubbed “The Genius of Things” Visa and IBM IoT platform – which includes Watson – announced today that they will bring smarter POS functionality – and Visa card acceptance – to any device that’s connected to the Internet. .
J.Jill, the women’s apparel retailer, announced Friday (Feb. 10) it has filed a registration statement with the Securities and Exchange Commission relating to a proposed IPO of its common stock. J.Jill said in a press release the registration statement filed Friday represents its initial public filing pursuant to the provisions of the Jumpstart our Business Startups (JOBS) Act of 2012.
According to the results of the Hacking America: Cybersecurity Perception study, American consumers are at risk of “cyber confusion” in both the workplace and at home. The research, from Kaspersky Lab and HackerOne , revealed that both consumers and businesses in the U.S. are in need of a deeper understanding of cyberthreats and how to protect sensitive data online.
Slightly more than $120 million in investment fund flows marked the week that ended Feb. 10. That’s a slowdown from the weeks prior and over the past several days, and no deal was in the triple-digit range. The FinTech space, this time around, carried almost all of the activity for the week. The biggest transaction came from the banking space, where a series of private investors invested $30 million in Old Dominion National Bank.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
The business model of SaaSOptics could, in part, be described as a B2B SaaS firm for B2B SaaS firms. The company, which raised $1.8 million in funding last year, helps SaaS companies manage operations by providing financial management, auditing and reporting, analytics and other back-office services. Earlier this month, the firm announced that its analytics tool will be available via open API to other software platforms servicing this market.
For people who are credit invisible or lack enough credit history to receive a credit score, the possibility of obtaining a mortgage, credit card or other type of loan can be nearly impossible. In order to achieve those types of goals, they often have to take on high-cost loans that aren’t reported to credit reporting agencies — and do nothing to build on their credit history.
With all the available connected technologies today, consumers are sharing more information with one another. From check-ins at a favorite restaurant to Instagramming a sunset overlooking the Brooklyn Bridge, there aren’t many private moments that go undocumented. Because of all of these technologies, it’s nearly impossible to keep anything a secret.
Nuance Communications announced Tuesday (Feb. 14) that it inked a deal with BioCatch, the behavioral biometrics company, to deliver continuous authentication on the internet and mobile devices. According to a report , BioCatch will provide the service as part of Nuance’s Security Suite. Nuance said, with the partnership, it is able to expand its Security Suite to move fraud prevention beyond the contact center.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Look out, Alexa — it seems Google Home has leveled up its skills such that as of today, it is now possible to order goods for delivery directly from the search giant’s smart speaker device. Google’s Assistant will pull goods from the retailers that already support Google Express — including Costco, Walgreens and Whole Foods. To make the system work, the customer does a maneuver familar to anyone who has ever spoke to Alexa via an Echo.
The age of information is an instant one, populated by email, bitmojis (they can even look like you) and texts, of course. Though the delivery method may change, the result is the same, as communication moves at the speed of thought and light. Messaging can also create bonds between users and companies, across concrete eCommerce platforms that can extend into the hundreds of millions — and that’s users, not messages.
All’s quiet on the grocery front this week as there wasn’t much net movement across tracked grocery stocks. Kroger fell into a bit of a hole midweek, though Thursday and Friday morning trading worked to pull it back out, with price per share at the time of writing at $33.55, up 0.18 percent from Thursday’s close. Ahold Delhaize also saw movement upward during Friday’s trading after spending the week down — trading at €20.23 on Friday afternoon.
Four or more hedge funds in the U.S. and Japan are making a bet that the price of bitcoin will go up, buying or offering to buy claims from the thousands of former trading account holders who saw their bitcoin holdings evaporate when Mt Gox, one of the world’s biggest bitcoin exchanges at the time, filed for bankruptcy in Feb. 2014. According to a report by Financial Times , which cited people with direct knowledge of the situation, while none of the roughly 24,000 claimants expect to get back
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Shopping for a Vacheron Constantin luxury watch just got easier. Now, all you need is $45,000 and an internet connection. The company announced that it will be selling its latest collection online for the first time in its 262-year history, with the Richemont-owned brand trying to attract younger customers. Internet Retailer reported that the Geneva-based company designed a limited edition of 36 Crones de Vache 1955 timepieces with New York-based watch news website Hodinkee, and the $45,000 watc
Valentine’s Day is tomorrow, meaning the prepared have already made their dinner reservations and the unprepared will be making a rather frantic stop at a jewelry store and florist at some point within the next 24 hours. And while we here at PYMNTS seriously considered trying to make a valentine for all our readers to express our undying love and devotion, we realized that, for the payments and commerce junkies who frequent this page, there is no better token of our affection than keeping the da
SMEs are the bedrock of many economies, not just that of the U.S. With that in mind, PYMNTS thought it was time to check in with small businesses across the globe. This week, we break down the latest statistics on SME health, optimism and finance for markets in the U.S. and beyond, including the U.K., Australia and South Africa. 84% of U.S. SMEs visit bank branches to make deposits , according to a new survey by Mercator Advisory Group that examined how small business owners interact with their
Aiming to beef up security in connected and driverless cars , a group of lawmakers have introduced a bipartisan bill in the House of Representatives that would put the National Highway Traffic Safety Administration (NHTSA) in charge of studying security issues for cars and trucks that are connected and eventually driverless. According to a report , Rep.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Companies are rolling out plenty of new banking tools for consumers to manage their money. But even with all the support, will consumers be able to build a sturdy financial life for themselves? Banks and FinTech providers are rolling out plenty of solutions, from artificial intelligence-powered chatbots, to a network of cardless ATMs, to help make banking easier for consumers These solutions are providing consumers with new ways to keep track of their spending, get questions answered by their ba
The commercial card space is anything but straightforward. For one, payments innovation has created an explosion in the types of cards businesses can use, from fleet cards to one-time-use virtual cards. What’s more, the space continues to struggle with adoption, whether it be encouraging suppliers to accept commercial cards as payment or convincing businesses to adopt unfamiliar — but more secure — virtual card technology.
As it turns out, hospitality is the latest industry to experience a technology boom. From AI automation to keyless entry, data science to seamless check-in, hoteliers are reportedly looking for tech-minded workers to advance hospitality in the digital age. As guests increasingly rely on digital channels both for research, booking rooms, and communicating with hotels, said the New York Times, it is becoming essential for the hospitality industry, and specifically hotels, to take on tech experts i
Mint Payments on Friday (Feb. 10) announced it completed a placement of new shares, which it is using to expand in South East Asia ’s payments market. According to a report , the placement was made to raise $6 million. The shares were priced at $0.079 a share and represent a 3.7 percent discount to the last traded price of $0.082 a share. The report noted the capital raising will be undertaken in two tranches, with tranche 1 comprised of 50.6 million shares, raising $4 million.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
Companies have seen their fair share of finding the delicate balance of temperament over the years in customer interactions. With the instant gratification apparent in today’s fast-computing arena, the service industry not only merely requires it; it’s become a necessity in order to survive. From the pushy sales person calling multiple times per week to the overly eager store associate looking for a commission, live interactions with companies have experienced a range of personalitie
Though Valentine’s Day will not technically be spreading its feathered wings until Tuesday of next week, the majority of Americans will be celebrating this weekend because Tuesday is just about the least romantic day of the week. It’s why we hold elections on Tuesdays. Friday through Sunday, however, are the most romantic days of the week, particularly now that football season is over.
Netherlands-based bank ABN AMRO is working with invoice management firm InvoiceSharing, also based in the Netherlands, to develop a new accounting automation solution for SMEs. Reports Friday (Feb. 10) said the two companies are collaborating on the new tool that will aim to provide easier access for small business owners to their accounting information and be able to more adequately and quickly assess their working capital needs.
“Building the better customer experience” is rapidly becoming retail’s favorite phrase in 2017 — every merchant and their mother is currently attempting to create one. The concept is not wholly new, of course — few ideas are — and “the customer is always right” has long been a staple in the round-up of retail wisdom. But “always right” and “totally and completely in control” are not quite the same thing.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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