Sat.Jun 13, 2020 - Fri.Jun 19, 2020

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Treasury in the new “normal”… the day after

Simply Treasury

Back to the office. And now what am I going to change? It is quite legitimate to ask the question: "After such a huge financial crisis, what will become my treasury department?" In all magazines or newspapers, journalists get us drunk with this post-containment story. The next world would not be the same. That would be the end of the world as we knew it.

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Celebrity Event Planner Colin Cowie On How ‘Hospertainment’ Can Save The Events Business

PYMNTS

It hasn’t been a good year for hospitality and events, with the pandemic shutting down travel, large gatherings, venues and the desire to be physically close to other people. Burning Man has been canceled, Coachella was delayed and then canceled, there will be no Iowa State Fair and the $300 billion global wedding industry is almost entirely stalled.

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Explainable AI: Putting the user at the core

Future CFO

This reports explains what Explainable artificial intelligence (XAI) is, why it matters to accountants, and how it works. Download The post Explainable AI: Putting the user at the core appeared first on FutureCFO.

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Happy on Mondays - Guest Post by Mimi Boyer

Adam Kae

Happy on Mondays. Happy on Mondays is a movement, a coaching business and most of all, my life mission. I believe the world would be a better place if everyone was Happy on Mondays. I’m Mimi Boyer, a Master Life & Success Coach, business coach, and Trainer of NLP and Hypnosis. I help ambitious entrepreneurs magnetize successful business so they can be Happy on Mondays.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Annie Duke and Morgan Housel: Three Tools for Navigating Risk and Uncertainty

CFA Institute

"The best way that you can be a decision maker in this type of environment is not to demand certainty.".

More Trending

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CFOs: Which items top your lists of cost cuts?

Future CFO

While CFOs’ continued effort in cost cutting doesn’t come as a surprise, real estate is one of the most targeted expenses this year, said Gartner recently. According to the results of a Gartner survey of 103 CFOs and senior finance leaders taken at the end of May, CFOs will scale back spending by 4% to 11% across their selling, general, and administrative expenses (SG&A) functions for 2020.

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Visa On How To Make Plastic Cards Sustainable

PYMNTS

Improving the world — and the environment — one (card present) transaction at a time. To that end, Visa said Tuesday (June 16) that it has joined with CPI Card Group to launch a card for Visa cardholders composed of up to 98 percent “upcycled” plastic. The Earthwise High Content Card seeks to help eliminate plastic waste. Drilling down into the compositional details, the upcycled, post-industrial plastic is known as rPETG.

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Visa, Facebook Link Up For Payments On WhatsApp

PYMNTS

Visa is working with Facebook so that consumers can fully use the new payments feature on WhatsApp in Brazil, the global digital payments giant announced on Monday (June 15). “As digital becomes the epicenter of daily life during the global pandemic, being able to move money in real-time is increasingly critical for consumers and businesses,” said Jack Forestell, Visa’s chief product officer, in a statement.

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TikTok’s ByteDance Bids For Singapore Banking Licence

PYMNTS

The owner of TikTok , the Chinese video sharing social network, is expanding into financial services with the family that owns OCBC Bank , the global financial services corporation headquartered in Singapore. ByteDance is negotiating with the Lee business family, as the technology group seeks to add banking to its portfolio, sources told the Financial Times (FT).

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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PayID: Bid For Universal Payments — Or Crypto Legitimacy?

PYMNTS

Universality is, well, universally, desired in business — particularly when it comes to technology and especially when it comes to person-to-person (P2P) payments. At a high level, allowing disparate and far-flung customers to interact with ease and pay one another across different types of devices, wallets and currencies means that commerce gets a bit more fluid.

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Dr. Annamaria Lusardi: FinTech Is Great, But No Substitute For Teaching Kids Financial Literacy

PYMNTS

Everyone in a modern society needs to know how to read, so America spends an awful lot of time, treasure and talent developing literacy curricula for kids. We take a similar attitude when it comes basic math and science — but when it comes to financial literacy, only 21 states require financial education, Dr. Annamaria Lusardi recently told Karen Webster.

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Airlines Are Using Frequent-Flyer Programs As Collateral For Loans To Stay Alive

PYMNTS

In times of crisis, we mortgage what we have to get to where we need to be. The pandemic has seen a flurry of capital raising as firms across all verticals have sought to shore up their balance sheets. By getting cash on the books, there’s the chance to keep going — to continue operating and pay expenses until the horizon is a bit clearer. Along the way, pledging assets that aren’t in use now can be an effective strategy.

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Goldman Sachs, GTreasury Partner To Streamline Global Payments

PYMNTS

GTreasury , a treasury management system provider, is working with Goldman Sachs on a new solution to offer easier, more transparent B2B payments both at home and internationally, according to a press release. The partnership, by making use of Goldman’s technology and security capabilities with GTreasury’s platform, will allow businesses to pay vendors in their local currencies and at lower costs than they used to be able to, the release states, and it will allow real-time tracking t

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Open Payments Coalition Launches Universal Payment ID

PYMNTS

More than 40 different FinTechs, digital currency companies and nonprofits are teaming up to launch a universal payment ID in a bid to make transferring money akin to sending an email. Members of the newly-formed Open Payments Coalition, which include GoPay, Ripple, Blockchain.com, BitPay, Brave, Flutterwave, and Mercy Corps, say the newly minted PayID will enable customers to send and receive money across any of their payment networks without the hassle of dealing with credit card or bank routi

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FIS Launches Pay By Bank Payments Through Its Open Banking Hub

PYMNTS

A new service from FIS , Open Banking Hub, will allow customers to pay for items directly from their bank account, which has the benefit of never making them enter information through a third-party site, a press release says. The service will also allow customers to check their bank accounts during the process. Asif Ramji , chief growth officer at FIS, said that the simplicity was a draw for customers.

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RippleNet Cloud Lands Banco Rendimento As First Bank Client

PYMNTS

Banco Rendimento has signed onto the RippleNet Cloud platform, making it the first bank to completely use Ripple ‘s technology in the cloud, according to an announcement. The Brazilian bank, which became part of RippleNet last year, follows almost two dozen financial institutions (FIs) that currently operate on RippleNet Cloud, the announcement states.

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Bank Of Thailand Plans Digital Payments System Prototype

PYMNTS

The Bank of Thailand plans to work on a new payment system for businesses using Central Bank Digital Currency (CBDC), according to a press release , which will be a step toward readying the business sector for the digital age. The release says the step will help CBDC reach wider audiences, beginning with corporate entities. The platform will enable businesses to access better payment efficiency, including more flexibility for fund transfers and faster payments between suppliers.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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How Digital-First Banking Gets SMBs On The Road To Recovery

PYMNTS

Supply chain disruptions and economic volatility have elevated risk exposure for many enterprises, but for small- to medium-sized businesses (SMBs) operating globally, that risk of exposure can be catastrophic. Indeed, for some SMBs, it already has, with economists anticipating a wave of bankruptcies and permanent SMB closures ahead. B2B FinTechs continue to step up to introduce new solutions for their customers with an eye on helping business owners survive this market crisis and persevere into

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Monzo Sees 40 Percent Drop In Valuation In VC Deal

PYMNTS

Online U.K. bank Monzo , fresh off a round of layoffs, has taken a major hit from the coronavirus pandemic, as shown by a funding valuation that is 40 percent lower than its valuation last year. Monzo’s precipitous drop in value was revealed when the virtual bank recently landed $75 million in new funding to weather the coronavirus crisis from a group of investors that reportedly includes Vanderbilt University and Swiss fund Reference Capital.

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Uber Inks First Deal To Manage Public Transit

PYMNTS

With ridesharing having taken a hit from the pandemic, Uber is pushing into a new sector: public transportation. Uber — or Uber’s software, to be exact — will soon be managing public transportation for Marin County in the San Francisco Bay area, the Financial Times (FT) reported. Uber has inked a deal with county officials under which residents of Marin, population 250,000, will be able to use Uber’s app to book rides on minibuses in Marin.

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eCommerce Takes Half Of Pandemic-Driven Retail Growth

PYMNTS

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. That’s the key finding from a new report from Deloitte, whose data is actually lacking the May sales spike of 17 percent. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Jobless Americans Can’t Afford Doctor Visits 

PYMNTS

While many patients are avoiding office visits over fears they could catch COVID-19, doctors say the primary reason jobless Americans are staying away from healthcare providers is because they can’t afford to seek medical care, The New York Times reported. Kristina Hartman of Texas should know. The 58-year-old North Garland resident lost her job as administrator and had little choice but to cut back on health appointments.

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Proposal Would Allow SMBs To Get Another PPP Loan 

PYMNTS

More help for certain small business owners could be on the way if Congress approves another round of Paycheck Protection Program (PPP) loans. The Prioritized Paycheck Protection Program (P4) Act would allow businesses with fewer than 100 employees to get a second loan. To qualify, they must have spent or expect to exhaust their first PPP loan and can demonstrate a 50 percent revenue loss due to the COVID-19 pandemic, Yahoo!

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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S. House of Representatives subcommittee on Tuesday (June 16). “Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing.

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European Union Hits Apple With A One-Two Antitrust Punch

PYMNTS

Tuesday (June 16) is marking a bit of a one-two punch on the Continent for Apple. The European Union announced that it is opening not one but two antitrust investigations into the tech giant, focusing on the company’s App Store and Apple Pay. “It appears that Apple sets the conditions on how Apple Pay should be used in merchants’ apps and websites,” European Commission Executive Vice President Margrethe Vestager, who focuses on competition policy, said in a statement announcing the probes.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.