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Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure. Many of these providers are particularly competing for small- to medium-sized businesses (SMBs) to join their faster payments network over another, which can be trick
KSM is honored to be named among the Best Places to Work in Indiana for the 15th consecutive year. Based on employer reports and comprehensive employee surveys, this distinction is awarded by the Indiana Chamber of Commerce. In addition to being a repeat Hall of Fame recipient, KSM is one of only two companies in the state of Indiana to have been named a Best Place to Work every year since the program’s inception.
When your employees travel for work, you might consider covering some of their travel-related expenses. To do this, you can offer per diem pay. You have a couple of options when it comes to reimbursing employees for business travel costs. Read on to learn about the IRS per diem rates and when and how to […]. The post Are You Familiar With the IRS Per Diem Rates?
Telecom giant T-Mobile suffered a data breach that exposed the personal information of employees and customers to unknown hackers, according to reports. “We want to let you know about a sophisticated attack that we recently identified and quickly shut down, which may have impacted some of your account information,” T-Mobile said in a notice. The company said there was an attack through email that let in some malicious actors.
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.
The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to. Enterprise cloud migrations have opened up the ability for smaller businesses to adopt ERP technology once reserved for the largest corporates.
San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The Founder and CEO of Nubank David Velez also participated in the funding round. The company, which was founded in 2017, is run by a former Sequoia Capital partner named Warren Hogarth.
FinTechs are helping banks focus on the customer experience through accounts payable (AP) automation. AvidXchange Senior Vice President of Financial Services Boyce Adams Jr. told PYMNTS in an interview that banks foundationally value “the relationship they have with the customer” and “they understand the customer.” These financial institutions are providing lines of credit, and he says it’s the company’s job as a leader in FinTech to provide banks with the products and solutions that are going
FinTechs are helping banks focus on the customer experience through accounts payable (AP) automation. AvidXchange Senior Vice President of Financial Services Boyce Adams Jr. told PYMNTS in an interview that banks foundationally value “the relationship they have with the customer” and “they understand the customer.” These financial institutions are providing lines of credit, and he says it’s the company’s job as a leader in FinTech to provide banks with the products and solutions that are going
As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. Clients of the bank will now have the ability to make secure, real-time payments with clear tracking of transactions from beginning to end, according to an announcement.
Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). The bill mandates that tech firms get authorization from New Jersey consumers before collecting and selling information to third parties. The legislation would affect tech companies such as Alphabet ’s Google and Facebook.
The U.S. House of Representatives Committee on Small Businesses is going to hold a hearing on the benefits of blockchain technology for entrepreneurs. The hearing is set for Wednesday, March 4 at 11:30 a.m. ET, and will be called “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses.”. The hearing will explore the ways small business entrepreneurs have used blockchain to boost productivity and increase security.
Zycus , which provides a comprehensive, end-to-end source-to-pay software suite in which it uses artificial intelligence (AI) technology, now has a new series of BOTs from its Zycus Merlin AI Suite, according to a press release. The BOTs will allow procurement and accounts payable (AP) teams to automate tasks considered mundane or repetitive. One of the tasks that will be able to be automated is invoice intake, in which key data will be automatically extracted.
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.
Business to business (B2B) application programming interfaces (APIs) are helping smooth the flow of data between companies, including businesses and their financial services software as well as between banks and their corporate clients. The value of the technology is evidenced by the vast number of APIs that businesses use and consume. Companies each made an average of 363 APIs available publicly in 2018, for example.
The business of fashion shows is struggling this week, but fashion retailing is not. Already eCommerce figured to play a major part in the various fashion weeks across the globe this week and next due to new technology and a willingness for designers to make their clothing more accessible. But now eCommerce will get a star turn rather than a supporting role.
The Financial Reporting Council (FRC), the U.K.’s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. The regulator issued letters to those firms, known as the Big Four, Thursday. The plans, if put forth, would constitute a huge shake-up for the accounting industry in the U.K., and would essentially ask for the firms’ audit and consulting operations to be separated.
Target Corp. is bringing Boar’s Head brand cheeses and meats to its brick-and-mortar stores. The retailer is adding 50 to 200 products from the brand to up to 200 locations in 2020, with offerings to include provolone cheese slices and maple-glazed turkey breast, Bloomberg reported. Boar’s Head, which is now based in Florida, was established by Frank Brunckhorst in 1905.
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.
If we had to pick a favorite highly quoted Jeff Bezos aphorism, “your margin is my opportunity” would almost certainly be a contender for the top spot. The “almost “is simply because it is not clear that it is even a legitimate quote. Like many famously quotable people, a lot of things are attributed to Amazon’s founder and CEO that he may not have ever actually said.
Global events — which include the coronavirus, now stretching across more than 60 countries – make one’s mind cast toward what else might be on the universal stage. Global currency, anyone? In the age of Libra, in a new decade where at least some central banks are exploring their own fiat issued in bits and bytes, would a global currency set the stage for relative calm?
Subscription management platform provider Zuora is working with Kia Motors America to offer connected car subscriptions. Zuora said in a press release on Tuesday (March 3) that Kia is using its platform to launch and scale its UVO Link subscription service, which is a portfolio of connected vehicle services. It works via the Kia Access program with the UVO link app, UVO Agent for Google Assistant, the UVO skill for Amazon Alexa and via the website.
Healthcare in the U.S. is a massive industry. According to the Centers for Medicare and Medicaid , $3.5 trillion — or roughly $11,000 per person — was spent in the U.S. in 2017 on healthcare services. By the year 2027, the expectation is that those costs will have swelled to $6 trillion annually or roughly $17,000 per citizen or 19 percent of the GDP.
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.
In the service of business, of society at large, artificial intelligence (AI) can be effective. It can be fast. Can it also be ethical? The wisdom of crowds, gleaned from social media, can paint a gestalt picture of how a government agency’s, bank’s or retailer’s efforts are being received on the ground, so to speak. And it can also (perhaps), fed through models and analytics, can bolster decision-making for the greater, common good.
Amazon has announced it has a new artificial intelligence (AI) model that helps convert text to images to aid in searching for products, according to a blog post by the company. “Generative adversarial networks (GANs), which were first introduced in 2014, have proven remarkably successful at generating synthetic images. A GAN consists of two networks, one that tries to produce convincing fakes, and one that tries to distinguish fakes from real examples.
After being down for a full day of trading on Monday (March 2), the Robinhood stock trading app restored service on Tuesday and emailed customers an explanation. “Our team has spent the last two days evaluating and addressing this issue. We worked as quickly as possible to restore service, but it took us a while. Too long. We now understand the cause of the outage was stress on our infrastructure — which struggled with unprecedented load.
There is scarcely a financial institution (FI) that does not claim to be using artificial intelligence (AI) in some capacity or other. Yet, these claims do not always rest on a solid foundation. What some banks purport to be AI is often lumped together with other less sophisticated computational systems or, in some cases, not AI at all but the result of intensive human labor.
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.
The digital transformation across any number of verticals — from retail to healthcare — has fostered a consumer mindset that demands deep engagement, speed and convenience. And while the headlines may focus on the battle for the individual consumer’s share of wallet, banks are facing an increasingly competitive environment when it comes to getting — and, of course, keeping — corporate clients.
A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Even so, funds continue to fill their coffers in anticipation of more investments ahead. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS).
In a new digital real estate game called Upland, players can buy virtual versions of properties in San Francisco, Cointelegraph reported. Players can then earn rental income on those properties, much like in the game Monopoly, and they can buy and sell the properties. The idea of tapping into the blockchain to support a digital property market isn’t entirely novel.
The earnings are out, the early moves are made and the race for the consumer’s whole paycheck in 2020 is officially underway and moving full speed ahead. Thus far the advantage seems to be tipping toward Amazon, which got out of the gate with a stronger than expected earnings showing , one-day shipping yielding dividends, 150 million prime members and series of expansions, introductions and leaps outward as it seeks to stake out a larger share of average American consumers.
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.
How important are humans to your retail banking experience? It’s a fair question given that ATMs and mobile banking can now make the whole “teller in a window” thing disappear permanently. Is that what people really want? It’s one of the themes explored in the February 2020 Digital-First Banking Tracker® , done in collaboration with NCR Corporation.
To purchase the Asian assets of U.K. grocer Tesco , Charoen Sirivadhanabhakdi, one of the wealthiest men in Thailand, has obtained almost $10 billion in financing commitments. His TCC Group has put in a bid for the Tesco’s assets, with funding already in place in the event that the bid is successful, The Wall Street Journal reported, citing unnamed sources.
No band of merry traders here. Two days into outages that hobbled Robinhood , the online financial services company that offers an app primarily used by younger traders, and there are lessons to be learned. The hard way, it seems. Monday, during a monster rally that saw stocks soar by more than 4 percent, stock and options traders across the platform were out of luck and perhaps out of the money (in terms of locking in gains).
It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. Late payments, invoice disputes and even fraud are all glaring red flags of AR inefficiencies and friction. But even when a business recognizes something has gone awry, pinpointing exactly what process has gone wrong — and how to fix it — is difficult.
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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