Sat.Oct 12, 2019 - Fri.Oct 18, 2019

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Wearables That Read Your Mind

PYMNTS

The fact that our connected devices are getting to know us pretty well is, by now, well-known. A phone that can unlock a hotel room door. A smartwatch that can call an Uber. A connected car that can not only help the driver find the closest burger joint, but can also order ahead. A voice assistant that can add stuff to a shopping list and then order and arrange for its delivery.

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IMF: Synchronized global slowdown, growth weakest since 2008

Future CFO

IMF has downgraded global growth once again. Global growth is forecast at 3% for 2019, its lowest level since 2008–09 and a 0.3 percentage-point downgrade from the April 2019 World Economic Outlook. Growth continues to be weakened by rising trade barriers and increasing geopolitical tensions, IMF noted. . According to the fund, trade volume growth in the first half of 2019 has fallen to 1%, the weakest level since 2012.

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Trending Sources

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Suddenly Single: How to Plan with Female Clients

CFA Institute

We all start out single and most women, whether they marry or not, will end up that way. Barbara Stewart, CFA, considers the implications.

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Target: Process Optimization

Jedox Finance

A modern enterprise performance management strategy offers significant improvement to the functions of controlling. Having one helps modernize planning processes and provide a measurable advantage for organizations of all sizes and sectors. The New Face of Finance. Digital transformation affects almost every business unit. Above all, the role of the controller is changing significantly as a result of the new framework – away from the traditional accounting functions and towards becoming a strate

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Paychex Wades Into Wearables, Real-Time Payments

PYMNTS

Payroll and human resource management solution provider Paychex has unveiled a range of new solutions and services at the 2019 HR Technology Conference & Exposition event late last month. In a press release , Paychex announced support for wearable technology through the planned debut of a smartwatch app that enables employees to automatically track time worked.

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Veterans and Finance: The Value Proposition

CFA Institute

Won Palisoul talks to Jim Cemprola about what veterans can do for finance and what finance can do for veterans.

Finance 52
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Bringing Autonomous Smart Shuttles To the Masses

PYMNTS

There will be 41.6 billion Internet of Things (IoT)-connected devices around the world by 2025. Consumers and businesses have increasingly employed the technology in a variety of use cases as it becomes more sophisticated, from smart cars to sensors that can be utilized for smart cities. The rise of 5G networks will also enable these devices to communicate more data across longer ranges, which is one of the reasons why investment in IoT is picking up.

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How Crowds Can Drive Digital Economy’s Success

PYMNTS

As the digital economy grows, you can bet that crowdsourcing will become an even bigger part of innovation and disruption, along with hiring and investment — all of which will serve to help build only new companies but vital digital infrastructure. One big recent example in favor of such points comes from Goldman Sachs. A Goldman Sachs program called GS Accelerate enables Goldman employers to pitch their bosses on potential new companies, according to CNBC.

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Renault Pilots Self-Driving Ride-Hailing Service

PYMNTS

Renault has started a public trial of its on-demand car service on the Paris-Saclay urban campus, according to a press release on Monday (Oct. 14). A panel of around 100 people will use the service — provided by two electric, autonomous and shared Renault Zoe Cab prototypes — on the campus from Oct. 14 through Nov. 8. . Two cars with different features will be tested, with passengers able to hail them using the mobile app, Marcel Saclay, which was designed specifically for the ZOE Cab experiment

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

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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What’s Wrong With The Attack On Gig Economy Pay

PYMNTS

Drivers can’t make ends meet. Given the median income of roughly $25,000 a year and the number of hours required behind the wheel to earn that, drivers’ wages fall well below the federal hourly minimum wage. As independent contractors, drivers also have no benefits. After taking into account expenses like gas and insurance, there’s barely enough left over to meet their daily living expenses.

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SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency

PYMNTS

SoftBank and JP Morgan are in talks to rescue WeWork before it runs out of money, which is expected to happen by mid-November, CNBC reported on Tuesday (Oct. 15). Sources told CNBC that talks between SoftBank and JP Morgan have been ongoing ever since the startup’s IPO was pulled about two weeks ago. The bailout could involve equity from SoftBank and debt from J.P.

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SnapPay Rolls Out Facial Recognition Payments

PYMNTS

Global payments solution SnapPay announced the rollout of facial recognition payment technology for North American merchants. SnapPay said the technology gives users greater convenience and security when shopping at mainstream retailers. Although it is based on the same tech that is available now in Asia, SnapPay is initially launching in North America to select retailers.

Retail 69
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Mastercard, Curb Launch Donation Campaign For American Cancer Society

PYMNTS

Mastercard is teaming with the taxi ride-hailing app Curb to help the American Cancer Society’s Road to Recovery program, which provides free rides to patients going for cancer treatment, Mastercard announced in a press release on Monday (Oct. 14). “Taxis have long been a primary means of transportation for those unable to drive themselves,” said Amos Tamam, CEO of Curb Mobility.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Amazon Go Inspires Cashierless Startup Challengers

PYMNTS

With the unveiling of the first Amazon Go store in Seattle last year, multiple challengers have been inspired to offer new methods for shoppers to grab items from a store and avoid the checkout line. Standard Cognition and Zippin are two firms that are putting forward their apps and systems as alternatives to Amazon’s cashierless technology, The Wall Street Journal reported.

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Revolut Taps JPMC To Raise $1.5B For Global Expansion

PYMNTS

U.K. FinTech company Revolut wants to raise as much as $1.5 billion so that it can expand globally. According to The Financial Times , a source familiar with the matter revealed that the company has hired JPMorgan to raise $500 million in new equity from investors, as well as secure a $1 billion convertible loan. Launched five years ago, Revolut has almost 8 million customers, offering digital financial services through a mobile application including digital debit accounts, currency exchange, bu

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Outback Steakhouse Pilots Machine Learning Tech

PYMNTS

At multiple restaurants operated by one of its franchisees, Outback Steakhouse is testing machine learning (ML) technology from Presto. The test is focused on the restaurant lobby, but could grow to the kitchen, curbside pickup and dining room areas, CNBC reported. Presto Founder and CEO Rajat Suri said the technology assists restaurants in fixing blind spots, noting that “managers can’t be everywhere at all times.

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Private Equity Firm Thoma Bravo Acquires UK’s Sophos For $3.8B

PYMNTS

British cybersecurity software company Sophos is being acquired for $3.8 billion by U.S. private equity firm Thoma Bravo , Bloomberg reported on Monday (Oct. 14). Sophos’s three biggest shareholders — Apax Partners and founders Jan Hruska and Peter Lammer — agreed to a cash offer of $7.40 per share. The takeover is among the biggest private U.K. tech deals in recent years.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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New Wahlburgers App Offers Order-Ahead And Rewards

PYMNTS

Wahlburgers, the burger bar and restaurant made famous for its association with movie star Mark Wahlberg, as well as a popular TV show, has introduced a mobile ordering app that offers exclusive rewards for users. The app allows customers to order on their phones, and to access limited-time offers, a store location feature and some exclusive content.

Sales 62
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The Hidden Fraud That Spells Big Marketplace Losses

PYMNTS

Everyone loves a good, free introductory offer: the month of free access to a streaming service, the free lift from a ridesharing service, the free meal kit delivered right to the front door. Brands know that customers like these offers, which is, of course, why they offer them. They are a great way to get that foot in the door with a consumer, and give them a chance to consider how much they might like to continue using the service — for a reasonable fee.

Numbers 62
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Olo CEO: What Restaurants Don’t Know They Don’t Know About Delivery Aggregators

PYMNTS

The trouble with existential threats is they very rarely show up and announce themselves. When Amazon launched in 1995, it looked to most as a one-trick eTailer that sold books online. A quarter-century later, that online bookstore has profoundly changed the retail landscape and every player operating within it. It would take the better part of two decades for most retailers to see Amazon as much more than a niche business responsible for a tiny fraction of all retail sales on a channel they nev

Retail 61
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Mastercard Outlines Blockchain Principles After Leaving Libra Association

PYMNTS

Mastercard has outlined its intentions with blockchain after its high profile exit from the Libra Association, a coalition of many successful companies meant to help guide and foster oversight of Facebook’s proposed cryptocurrency. “Following our withdrawal from the Libra Association membership process last week, we’ve received a great deal of interest in understanding how we evaluate technologies, programs and partners that have the potential to evolve the payments industry and enhance the valu

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Brazil FinTech Nubank Expands User Base

PYMNTS

The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. 11). The digital bank said at the Brazil Investment Forum in Sao Paulo that it has 15 million clients, according to Nubank founder and CEO David Vélez. Vélez said that 10 million out of the 15 million clients are holders of the bank’s credit card.

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UK Contactless Payments Grow 18 Pct. YOY

PYMNTS

New data from U.K. Finance shows that contactless payments in the country continue to grow. In fact, almost 50 percent of all debit card payments are contactless. In July of this year, cardholders in the U.K. made 1.5 billion transactions with their debit cards, which is a jump of 8.9 percent from the previous year. The total amount of the transactions was £50.7 billion ($63.8 billion), which is an increase of 1.4 percent from a year ago.

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China’s Club Factory Raises $100M To Grow Online Sales In India

PYMNTS

Chinese eCommerce platform Club Factory has raised $100 million in a Series D funding round as it plans expansion into India, sources reported on Friday (Oct. 11). The new funding was led by Qiming Venture Partners, Bertelsmann, IDG Capital “and other Fortune 500 companies from the U.S. and Asia,” the startup said. . Club Factory has raised about $220 million to date and has more than 70 million users.

Sales 58
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Fixing Fresh-Cut Flowers With A New Supply Chain

PYMNTS

In what is one of retail’s more amusing ironies, the floral industry is not particularly green. The products are, of course, but the industry itself – particularly the segment of the market dedicated to the delivery of fresh-cut flowers – does not have a particularly inspiring environmental record. Flowers are water- and power-intensive to grow – and delivering them on demand can burn a lot of fuel.

Retail 57
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.