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This year could be the year that blockchain emerges from its current status as a largely hypothetical game-changer to one that’s put to the test. While few working applications of blockchain technology are in use today by financial service providers, the industry continues to place its confidence — and money — behind the technology. The latest is global consulting firm McKinsey, whose new report has put a price tag on the potential of blockchain: $110 billion.
Google is taking the first steps to integrate its Google Assistant with different paid services. According to a report , citing an APK teardown by XDA, Google’s latest version of its app, 6.11.13 beta, has a string of code which the report said could be a sign that payments are coming to Google Assistant shortly. The report said the string of code shows that Google Assistant can handle credit cards and offer direct links to Google support.
For community banks, there’s power in numbers. According to the Independent Community Bankers of America (ICBA), a trade group that advocates on behalf of about 6,000 community banks of various sizes in the U.S., these institutions collectively hold roughly $2.6 trillion in loans to consumers, small businesses and farmers. But community banks still face tough competition from larger financial institutions.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
The IoT Identity Access Management (IAM) market is expected to explode in the coming years, with Research and Markets projecting the market size to go from $1.1 billion in 2016 to $4.97 billion by 2021. That represents a CAGR of 35.2 percent from 2016 to 2021. In a press release highlighting the new research, Research and Markets said the IoT IAM market is being driven in part by the growing number of companies that are adopting Bring Your Own Device policies.
It seems as though children are stuck like glue to digital devices. Many parents admit it. They say, “We didn’t grow up that way,” but they aren’t sure how to pull their kids away from those screens. Surprise Ride has an idea. Send the child a monthly subscription box packed with activities, games and projects — both educational and pure fun — that will have them playing and learning in the real world.
We all know that paper-based processes are inefficient at best, error-prone at worst. When it comes to getting, workers paid, such shortcomings can have an outsized effect, as checks can get lost or never cashed. The environment for the adoption of prepaid cards in a payroll setting is a mixed one. On the one hand, employees and employers see a streamlining of process and tracking.
We all know that paper-based processes are inefficient at best, error-prone at worst. When it comes to getting, workers paid, such shortcomings can have an outsized effect, as checks can get lost or never cashed. The environment for the adoption of prepaid cards in a payroll setting is a mixed one. On the one hand, employees and employers see a streamlining of process and tracking.
Big news from German startup investment company Rocket Internet suggests it plans to come back strong in 2017. Rocket Internet just recently closed a new $1 billion venture fund it will use for investing in early-stage and growth internet startups. Called Rocket Internet Capital Partners (RICP), the fund is now the largest fund of its kind in Europe, the company said in a press release.
Alongside the expansion of payments technologies, payment testing service providers have had to grow and flex to meet market needs. Companies like Paragon Application Systems , which provides payment testing solutions for traditional and alternative financial service providers, are witnessing not just greater demand for their services as payment technologies evolve but are also having to approach their services in different ways as FinTech pushes the boundaries of how a payment gets done.
Long gone are the days where you would be guaranteed a meal (or two) on your flight. Many airlines have done away with meals and are charging incremental fees, like for checked bags and food for purchase on board. While many airlines have simplified options down to a free bag of peanuts and a charge for an adult beverage, others have opted to charge flyers for a sandwich or snack box should they feel hungry.
The people love Alexa — which is good news, since it is costing Amazon a whole lot of money to keep it on the market. According to reports, Alexa cost Amazon $330 million in 2016 alone — and the experts are forecasting that figure will increase to $600 million in 2017. The report comes out after reports that Apple has been investigating the creation of a stand-alone Siri device — and is perhaps in the prototype-testing phase of such a design.
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.
As retail pushes further into online spaces, many marketers and merchants alike are focused on clicks and open rates to measure the success of campaigns and consumer outreach, said Matt Williamson, cofounder and CEO of Windsor Circle. With its Predictive Lifecycle and Marketing Platform, the Durham, N.C.-based company takes a different, data analytics approach to online retail marketing.
The alternative finance industry may have emerged as competition to the banks, but today, it’s commonplace for traditional FIs to partner with alt-lenders. That partnership trend appears to be permeating other areas of SME financial services, with the latest tie-up to be between OnDeck Capital and WEX. Announced Tuesday (Jan. 17), the collaboration means OnDeck’s SME financing solutions will be integrated into the offerings of B2B payments company WEX; WEX’s business clients, they added, will h
[link]. Enabling mobile payments isn’t easy. Not only does it require a significant shift in the behavior of consumers but also a complete mindset change for banks, merchants and even regulators. This can become increasingly difficult in emerging markets, where Kunal Patel, global head of product strategy and mobile payments at GoSwiff , explained that merchants are focused on operating in cash-driven economies.
New York City-based subscription model and B2C eCommerce enabler startup OrderGroove recently raised $20 million in a Series C venture funding round led by National Securities Corporation. To date, OrderGroove has raised $37 million in funding from investors, including Lerer Hippeau Ventures, SWaN & Legend Ventures and Western Technology Investment, among others.
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.
Bitcoin has far more traders these days — particularly in China — than it has true believers. “It’s the golden age to be in the bitcoin market, because it’s imperfect,” said Zhou Shuoji , a former IBM technology consultant whose firm, Fintech Blockchain Group, runs a bitcoin hedge fund and venture capital fund. While the most common associations one might have with bitcoin are drug dealers, libertarians and Chinese nations looking to send funds overseas — according to recent reports, speed trade
A movement by countries around the globe to embrace a cashless future is resulting in plastic payments (think credit and debit cards) to erode cash’s market share. That’s according to new data from Retail Banking Research , which it rolled out Wednesday (Jan. 18). The firm found that 471 billion cashless payments were made around the world in 2015, up 52 percent since 2011.
Investing in chatbots could be the trendiest thing a company can do this month. Just last week, 11 new bot-related startups caught the eye of cloud-based team collaboration tool Slack. The company decided to not only invest in them but use them to build out its bot portfolio in order to keep its competitive streak up. In case you’re keeping count, Slack has now invested in 25 bots in 13 months.
Top financial institutions around the globe are going in on blockchain in a big way, with massive investments in R&D and beyond. Larger corporations are exploring distributed ledger, too. Now, seven major banks in Europe are looking to pull SMEs into the blockchain exploration. Reports Monday (Jan. 16) said Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit have signed a memorandum of understanding to collaborate on a blockchain-based trade finance and supply chain t
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.
Deloitte has made clear its ambitions for blockchain, most recently by revealing it had invested in blockchain startup SETL, based in the U.K. And last October, the company announced the launch of Deloitte Catalyst, an incubator to support startups using disruptive tools like blockchain. But its biggest show of confidence for the technology was announced last week when Deloitte revealed the creation of a blockchain lab in New York City.
Retail spending in the months of November and December came in at the strongest level in five years. According to Visa’s Retail Spending Monitor, which monitors spending on the part of U.S. consumers that use Visa payment products, retail sales increased 4.8 percent during the holiday season when compared to the holiday season in 2015. What’s more, Visa found more consumers used mobile phones and PCs to do their holiday shopping.
The alternative lending space has journeyed through growth and struggled with challenges, especially in the last year. That goes for all segments of the space: SME, consumer, student, auto and mortgages. With all of the chatter surrounding the future of alternative business finance, analysts at EY have released a new report exploring the path these various AltFin players are on and examining where alternative SME lending fits on that spectrum.
You’re a retailer, beset by the twin problems of brick-and-mortar and fickle U.S. consumer spending. Picture 625 million wallets, ready to open for the right retail experience. Of that, picture 120 million wallets right in your own backyard, flush with cash and credit. No dream, this: Alipay is expanding its efforts and footprint in North America to capture discretionary spending as Chinese tourists flock to the region for culture and entertainment … and spend on everything from food to handbags
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.
Business processes are myriad in number. They are also complex, requiring smooth trajectories, from procurement to payment, from order to storage, and tracking payments to and from accounts. Humans are fallible. Machines, on their own, are limited. Tie the two, though, and it is possible to boost efficiency, save money and even profit where once there was wasted effort and material.
The stress of life bears down. For those that crave a massage but can’t get an immediate appointment or even travel to the spa before it closes, there’s a fix for that. Zeel is an on-demand massage therapist app that launched back in 2012. Considered the “Uber of massage therapists,” the platform is now the largest one of its kind in the industry. More than 8,000 massage therapists in 50 (and growing) cities are hooked to the platform.
Venture capitalists were fairly conservative in their B2B FinTech funding activities this week – a few million here, another couple million there. But they were varied: investments landed across industries, from enterprise security to corporate banking, and across geographies, including India, Israel, Germany, France and the U.S. One B2B startup in particular was the only to score double-digit funding ($20 million), and it’s from a segment of the market our B2B venture capital roundups hav
Did you know there are more than 10 million parking violations cited per year in New York City? It probably doesn’t help that more than 117,000 of those violations happened after a neighbor ratted the vehicle to 311 that it was parked illegally. But now there’s a bot to help dismissing parking tickets and their fines without getting an attorney involved in the case.
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.
Payment card spending in the U.K. increased 1 percent during the month of November to hit £56 billion, thanks in part to an increase in debit card spending. According to The UK Cards Association, the 1 percent increase in November was driven by a £476 million rise in debit card spending. What’s more, the trade association found £13.2 billion was spent online during November, including Black Friday and Cyber Monday, marking the highest level since record-taking began three years ago and represent
Wirecard, the digital payment company, announced Tuesday (Jan. 17) it is rolling out its mobile payment solution, boon, in France. In a press release , Wirecard said that, after initially launching boon in the U.K. market in May, it is now rolling it out to France, making it the first market within the euro area in which people can use boon with Apple Pay.
There are many consumers who still love making an in-store purchase. But more than ever before, a significant number of consumers say they see it as a chore. In fact, they’d swap the brick-and-mortar experience for — this may surprise you — washing dishes. All because that in-store experience has lost in the convenience game to online shopping. That’s according to the Capgemini Digital Transformation Institute ’s new report, “ Making the Digital Connection: Why Physical Retail Stores Need a Reb
ACI Worldwide, a provider of real-time electronic payment and banking solutions, announced Wednesday (Jan. 18) the newest version of its UP Immediate Payments solution. In a press release , ACI Worldwide said the new version is available via a SaaS delivery model or on-premise. According to the company, UP Immediate Payments is highly flexible and adaptable, providing access to all Immediate Payments (IP) schemes globally.
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.
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