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Barclays recently announced the companies picked for its Tel Aviv accelerator program, according to reports, and while officials at the banks touted a focus on payments security, the bank has also targeted corporate payments in its startup batch. Of the 2,000 startups that applied to join the Barclays Accelerator program , just 40 were accepted, the bank’s head of open innovation, Arian Lewis, recently told Finance Magnates.
A recent story in The New York Times story sent shivers throughout the alleyways of downtown Manhattan with its bold headline, “The Robots Are Coming for Wall Street.” Conjuring images of Arnold Schwarzenegger, armed with scientific calculator and a mandate to snuff out armies of analysts, the story painted a picture of a not-so-distant future in which half of Wall Street loses their jobs to automation software.
It’s no secret that, as fraudsters continue to evolve and increase the sophistication of their tactics, the fraud prevention landscape must do the same in order to stay one step ahead. In an effort to show some recognition to the “good guys” out there and the innovative efforts being made to disrupt their respective marketplaces, Gartner has identified the recipients of this year’s “Cool Vendor” recognitions.
Though it’s an officially discouraged practice among drivers, Uber has been burning rubber with ambitious partnerships and service expansions over the past few months. What happens when Uber runs out of road to innovate on, though? It goes aquatic. Uber confirmed to CNN on Friday (April 29) that it would embark on a new venture in Dubai over the weekend where a chartered yacht will ferry a lucky dozen riders through the Middle Eastern city’s waterways.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
When looking for evidence as to why in-store mobile payments haven’t taken off (a hot topic in Karen Webster’s column this week), there are a number of factors to consider but only one real guiding principle: certainty. Consumers need to know that they can use that method of payment where they like to shop and that it will work the same way each and every time.
Walmart is open — not just for business but to new technology ideas. After several years spent trying to infuse its multi-billion dollar business with more forward-thinking concepts with mixed results , last week, the retail giant announced that it will be conducting what amounts to an open call for tech innovation. It is looking to startups to potentially lead growth with big ideas and new technology solutions from small, agile companies.
Walmart is open — not just for business but to new technology ideas. After several years spent trying to infuse its multi-billion dollar business with more forward-thinking concepts with mixed results , last week, the retail giant announced that it will be conducting what amounts to an open call for tech innovation. It is looking to startups to potentially lead growth with big ideas and new technology solutions from small, agile companies.
Online merchants know very well that fraud costs them in many ways – in chargebacks, in false positives, in the friction that’s introduced at checkout that can cost a sale. But there’s nothing like putting the cost of fraud into the parlance that merchants know really well: units sold. Something that Kount says its data shows that merchants must make eight additional sales to make up for the cost of one fraudulent order.
Misery loves company, or so the saying goes. And while one could perhaps quibble with the exact phrasing there — misery probably, more accurately, likes company but would, on the whole, only love not being miserable anymore — the recent run of numbers in retail certainly brings the old adage to mind. While not quite every retailer took a beating — Amazon had a great quarter, Walmart logged solid results, TJX continued its winning streak and Urban Outfitters and H&M managed to find ways to ke
Like many developing areas, Latin America holds promise for payments companies and the burgeoning movement to digital transactions in lieu of coins and paper bills. In an interview with PYMNTS, Alexander Sjogren, YellowPepper’s CTO, stated that his firm has evolved beyond its initial underpinnings in the mobile banking services segment focusing on underbanked and underserved populations.
[link]. In the age of sophisticated cyberfraud, and more specifically fraudulent payments, it’s not enough for cardholders around the globe to wait till their statements arrive in the mail (paper or electronic) and ferret out suspicious activity. By then the damage has been done, the trail has run cold. To that end, TSYS, the global payments solutions provider, said earlier this month that it has begun offering its cardholder alerts solution to its clients based in Europe, with an eye on pushing
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
After a few years of speculation — and a couple of fairly notable wrong guesses — the real creator of bitcoin has been identified — mostly because he identified himself. Australian entrepreneur Craig Wright has stepped forward and admitted to being the real “Satoshi Nakamoto.” Apart from the claim, Wright has also submitted proof in the form of coins known to be owned by bitcoin’s creator.
Starbucks and Dunkin’ have cracked it. Walmart Pay seems to have all of the ingredients to do it, too. Facebook and Messenger could but haven’t yet. Android Pay has acknowledged that it’s critical to its success and its latest announcements suggest they are working on it. Visa and MasterCard could totally nail it. We don’t know enough about Chase Pay’s plans to be able to say one way or the other.
Over the weekend, CBS brought FinTech to prime time during a segment of its “60 Minutes” broadcast on Sunday (May 1). The program offered an exciting and broad overview of how startups in the space are using technology to innovate the delivery of payments and financial services. Lesley Stahl, who hosted the segment, used Stripe as an example of how FinTech is transforming payments and, in particular, how they simplify the process new merchants face when attempting to accept payments online.
Paper checks. Foreign exchange rates. Settlement times. All points of pain and friction in cross-border payments and all factors that can stymie cash flow for firms and even the smallest sole proprietors or freelancers that operate in a global, always-on economy. Earlier this month, GoldMoney , a FinTech that operates a financial services and payments platform that uses gold to settle transactions globally in any currency, launched its Gold Payroll and Gold Payout applications.
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
The latest stats released by MasterCard give more optimism about the U.S. EMV adoption rate by merchants and issuers. And for today’s Daily Data Dive 5-in-1, PYMNTS has broken those stats down: 1.2 Million | The number of chip-active merchant locations as of April 30, 2016. 121 | The percentage increase in EMV-enabled merchant locations since the Oct. 1 deadline. 67 | The percentage of U.S.
If you think of the rise of corporate America over the last century, the function of the accounts payable department probably doesn’t come to mind as one of the main players. But something has happened over the last few years, according to Coupa VP of Strategy and Product Marketing Donna Wilczek: Technology has enabled AP professionals to become strategic and massively important to the success of any corporation, large or small.
The digital banking industry is heating up — and fast. That’s why, in the May edition of the PYMNTS Digital Banking Tracker™ , we’ve profiled 58 players from the FinTech and consumer banking space, including 10 additions to the Tracker: CashControl, CSI, Finex Banking Solutions, HelloWallet, Innofis, Kony, Money Lover, SilverWiz, The One Place Capital Limited and Q2 Software, Inc.
Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes. Reports by Bloomberg on Sunday (May 22) said banks are examining ways to protect themselves against fraud in the trade finance sector, worth $4 trillion in today’s market.
Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.
Remember when you first asked Siri some silly question only to receive a response that indicated she was onto your shtick and potentially not as thoroughly amused by it as you were? That, as it turns out, was the good old days of voice technology assistance. Today the incorporation of voice technology into daily activities runs the gamut, from taking music requests on-demand to ordering from Amazon to typing your texts for you.
“Siri, help me find the nearest Starbucks.”. “Hey Cortana, play some yacht rock.”. “Alexa, pay cable bill.”. This month’s Digital Banking Tracker™ cover story features an interview with Ed Metzger, Santander UK’s Head of Innovation about their early feedback from incorporating a voice assistant into their student-focused SmartBank app – and what’s next for voice technology in banking.
Let’s check in with who’s on the AI (artificial intelligence) train. Apple kicked things off this year, announcing back in January that it had purchased Emotient, an AI tech startup in the facial recognition business. Did Apple say why it bought that company? Of course, it did not ; mind your own business. Jump ahead to spring, and the next big company in the retail space (specifically, the biggest company in eCommerce) to make an AI-related move this year was Amazon.
We don’t have to look far to see the ways in which cartoons and comics of the past – with their futuristic tools and services – are influencing the advancing technologies we see hitting the market today. Though we may not have reached the threshold of flying cars and warp drives just yet, robotics are quickly starting to change the ways in which humans approach many different aspects of our everyday lives.
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. 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.
Although the traditional retail industry in the U.S. continues to struggle mightily , surely there are verticals within it that are largely immune to such troubles by sheer virtue of the fact that they trade in essential items … right? Sort of, but also — not exactly. If we break down “essential items” into three categories — food, clothing and shelter — we’re looking at a trio of verticals wherein each one has still had to weather the storm of the current retail climate in its own way.
President Barack Obama and his administration get a lot of demands, to say the least. Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., etc. Of course, that’s just what comes with the territory. One thing that’s probably not higher on that rapidly growing list?
There’s a new app in town that wants to make it easier to remember to pay those credit cards. Or as its co-founder Jason Brown told Mashable : “It’s kind of like a self driving car for your credit card.” Yes, the apps have taken over. And it has one goal: making sure those credit card companies don’t slap the consumer with another late fee again.
Chief financial officers have a lot on their plate — from ensuring an entire company is financially viable to managing activities that make that company not only efficient but also profitable. A day in the life of the CFO in 2016 looks drastically different from just five or 10 years ago. With a significant shift away from manual processes and the onset of new technologies, a CFO’s responsibilities have broadened to encompass more than simply managing the P&L.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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