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In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. 30). . The goal is to improve Nigeria’s financial inclusion rate by 20 percent, bringing it to 80 percent by the end of 2020. “The provision of licenses to several players will help support innovation and competition as all parties work to increase their customer base,” Central Bank of Nigeria Governor Godwin Emefiele said
Confidence across regions converged at low levels this quarter and the global index is at an eight-year low, according to this ACCA report. Download The post Global economic conditions survey report Q3 2019 appeared first on FutureCFO.
In the very latest Jedox release, Version 2019.4, Jedox Cloud customers can test the new Jedox Planner Add-in for the online version of Microsoft Excel. Connecting live to the Jedox In-Memory database, the new add-in enables the use of online spreadsheets for planning and analysis in Office 365 with any major web browser.
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.
If microchip supplier Qualcomm wins its case on appeal, the cost of connected cars using 5G technology will skyrocket, automakers and suppliers said in court filings on Friday (Nov. 29), Reuters reported. Judge Lucy Koh ruled in May that Qualcomm, the world’s largest supplier of mobile phone chips, is a monopoly and has to change the way it does business.
China’s bond default is about to break its 2018 record, according to a Bloomberg report. Data compiled by Bloomberg indicates that there were at least 15 defaults since the beginning of November, pushing the year’s total to 120.4 billion yuan (US$17.1 billion), versus 121.9 billion yuan in 2018. While the default amount looks small compared to the country’s US$4.4 trillion corporate bond market, the issue has spread to various sectors including real estate, steel making, energy, and software, wh
China’s bond default is about to break its 2018 record, according to a Bloomberg report. Data compiled by Bloomberg indicates that there were at least 15 defaults since the beginning of November, pushing the year’s total to 120.4 billion yuan (US$17.1 billion), versus 121.9 billion yuan in 2018. While the default amount looks small compared to the country’s US$4.4 trillion corporate bond market, the issue has spread to various sectors including real estate, steel making, energy, and software, wh
On November 28, 2019, Jedox and our new partner, Digital China, met in Beijing to set a new milestone for the development of Jedox Cloud China. A key message of the event was the extensive value and opportunities available to organizations of all sizes and sectors with Cloud solutions and the significant impact of Digital [.
Satisfied customers are key to any company’s success. Those experiencing issues like declined payments or damaged products will want to share their frustrations with merchants, but direct communication grows more challenging when digital screens separate businesses and their customers. . The right customer support services can connect these two parties to more effectively work through difficulties.
Business leaders and investors are increasingly rating companies on their ability to create long-term shareholder value instead of solely focusing on short-term financial performance. Today the most commonly used metrics to gauge a firm’s success are profitability ratios such as return on capital (ROC), total shareholder return (TSR) and earnings per share (EPS), according to INSEAD. .
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.
Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. However, they are also hesitant to pay for those new experiences with credit cards or other traditional financing options. Debt from the previous holiday shopping season has made these younger consumers credit-shy, but it has not limited their appetite for holiday spending.
The holiday season isn’t only about retail and payments. It’s about family and friends – and killing time with those relatives and pals. And that means this is the time of year for board games to shine. Yes, board games. On the cusp of 2020, board games remain relevant, and may even be enjoying a renaissance. As one recent report stated , board game sales in the U.S. grew by 28 percent in 2017, per the NPD Group, a market research company – and global sales increased to $9.6 billion in 2016 fro
Small business accountants have said they are now forced to manually transfer data between payroll and human resources solution providers Gusto and Zenefits after the two companies abruptly ended their application programming interface (API) integration, AccountingToday reported. While a spokesperson for Zenefits told the publication that “Zenefits still has an integration with Gusto for payroll,” reports noted that the integration does not support the ability for small business acco
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 U.S. Department of Justice (DoJ) has accelerated its probe into Deutsche Bank’s participation in a $220 billion Danske Bank money laundering scheme, Reuters reported on Monday (Dec. 2), citing four sources. The DoJ is inquiring if Germany’s largest bank Deutsche assisted with moving dirty money to the U.S. from Denmark’s largest lender Danske , one source told Reuters.
The growing significance of the gig economy is changing how businesses handle their payments. Corporations recognize that paying freelancers for ad hoc projects is a different ball game than issuing regular payroll disbursements to hourly or salaried employees or contracting with large suppliers. Gig workers frequently want compensation that is delivered rapidly — not at the end of a two-week pay period — and more than a third of financially struggling gig workers would switch platforms to get p
Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. However, a rise in new service providers has added opportunity for industry consolidation, with payroll companies finding acquisitions a strategic way to augment their offerings, and keep pace with evolving needs among businesses and their employees.
The Bank of Russia has voiced its support for a ban on cryptocurrency payments, saying that “private cryptocurrencies cannot be equated with fiat money and cannot be legal tender.”. “If it is decided to ban cryptocurrencies as a means of payment at the legislative level, we consider it appropriate to support this position,” the banking authority said , adding that “we continue to believe that cryptocurrencies carry significant risks, including in the field of laundering of proceeds from crime an
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.
As B2B fraud threats like the business email compromise (BEC) scam or internal employee theft continue to grow for businesses large and small, experts are urging business owners and executives to take the lead in combatting fraudsters. Indeed, the latest cases rounded up by PYMNTS show that the threats of external BEC scams and internal accounts payable fraud are alive and well.
It’s been said that small business is the lifeblood of the U.S. economy. And it’s been said, too, that cash flow is the lifeblood of small business. Take that logic a step further — and small business cash flow, then, is the lifeblood of the U.S. economy. But there’s a structural challenge in the mix, one that keeps cash flow from being a steady stream, and thus prevents companies from reaching their full potential.
Grab is introducing Asia’s first numberless card in batches, with Singapore launching on Thursday (Dec. 5) and the Philippines during the first quarter 2020, the company announced in a press release. The digital GrabPay Card is powered by Mastercard and offers users seamless payments integration and an expanded rewards system with a limited promotion giving up to 10x GrabReward points for every dollar spent.
Uber has introduced a group ordering option, the company said in a blog post. . “Whether you’re at the office, going to a friend’s place or hosting at home, coordinating group meals can be challenging — especially when you and your guests are hungry and the clock is ticking,” the company said. “Starting today, you can skip over that hassle and take back team lunches.
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.
Friction is everywhere – even the not-quite-vacuum of outer space has it. Closer to earth, friction can make a mess of commerce and payments, especially as impatient consumers have multiple options for where to spend their time and money. But the fight against friction – one of the defining payments and commerce endeavors of this decade, and the one about to start – is getting a boost from artificial intelligence (AI) and robotics.
Google CEO Sundar Pichai will take over as the new CEO of Alphabet , as well as retain his job at Google, according to a blog post by Founders Larry Page and Sergey Brin. “Going forward, Sundar will be the CEO of both Google and Alphabet. He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets,” the post said.
French startup Pixpay is the first challenger bank to cater to teens, offering a debit Mastercard for cashless payments, news outlets reported on Friday (Nov. 29). A Pixpay account can be opened by anyone 10 years old or above, and both parents and children can download the app together. Like competitor Kard , Pixpay wants to give teens a way to go digital and ditch cash altogether. .
EU antitrust regulators are probing Google to see how the search giant uses and monetizes the data it collects on users, Reuters reported on Saturday (Nov. 30), citing the European Commission. An EU executive told Reuters that the European Commission wanted to know what methods Google uses to mine data and the reasons behind the collection. . The EU’s investigation is centered on search data, advertising, ad targeting, login services, web browsers and more, according to a document seen by Reuter
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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