Sat.Nov 21, 2020 - Fri.Nov 27, 2020

article thumbnail

Western Union Expands Real-Time Digital Payments To 100 Countries

PYMNTS

Western Union just took another big step toward ramping up its growing digital payments arsenal. The legacy global remittance giant said on Monday (Nov. 23) that it has expanded its real-time digital payout capabilities in a move that encompasses billions of bank accounts in 100 countries. Western Union first unveiled the goal of expanding digital payments to 100 countries during its investor day event in 2019.

article thumbnail

Jedox 2020.4: Report and analyze with more flexibility and speed in the Jedox Excel Add-in

Jedox Finance

Our Jedox release blog series introduces key highlights of Jedox 2020.4, available from November 25. In this post you will learn about new features and performance enhancements in the popular Jedox Excel Add-in.

52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Myths of Private Equity Performance: Part II

CFA Institute

What explains the absence of predictability in private equity performance?

article thumbnail

Make vs Buy Cranberry Sauce: The Ultimate Thanksgiving Dilemma

Adam Kae

6 out of 10 Americans say that cranberry sauce will always be a staple item at their Thanksgiving table. Do you make yours or buy? We decided to have a little fun and do a fun financial analysis of the costs of making vs buying! The Assumptions. We are in Virginia. The cost of your time is $50.00/hour. It takes 30 minutes of travel time each way to the grocery store.

article thumbnail

The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

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.

article thumbnail

PayPal CEO Shulman: Consumers Moving To Digital Currency In Droves

PYMNTS

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. 23). “There's no question that people are flocking to digital payments and digital forms of currency,” Schulman told CNBC’s “Squawk Box.”.

More Trending

article thumbnail

Book Review: Financial Markets and Institutions

CFA Institute

Rigorous, up-to-date, and practical, this textbook can help investors navigate the complex territory of European regulation.

article thumbnail

AI Models Eliminate Bias For Digital ID

PYMNTS

The age of artificial intelligence (AI) is upon us, where data feeds and models are used in the service of everything from verifying the digital identity of remote users to approving or denying a bank loan application. But Labhesh Patel , chief technical officer and chief scientist at real-time identification firm Jumio , told PYMNTS in a recent interview that AI-underpinned models are only as good as their underlying training datasets.

Auditing 141
article thumbnail

HSBC Introduces New Real-Time Global Payments Tool

PYMNTS

HSBC is introducing a new real-time payments tool that will enable its 14 million international customers to transfer funds through a single account in 20 countries around the globe. “As the world’s leading international bank, it is our ambition to put banking in our customers’ pockets, and create a top-tier borderless banking experience that lets them manage their finances whenever and wherever they want,” Matthias Dekan, head of HSBC Global Money, HSBC Group, said in a statement on Monday (Nov

Treasury 140
article thumbnail

Bitcoin Daily: Japan's SBI VC Trade Debuts Crypto Lending; Bitcoin Closes In On All-Time High

PYMNTS

Bitcoin continued its price climb today (Nov. 24), rising above $19,000 in the morning, CNBC reported. At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different.

article thumbnail

Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

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.

article thumbnail

It’s A Wrap: Visa Completes Purchase Of Latin American FinTech YellowPepper

PYMNTS

Visa has wrapped up its acquisition of Latin American FinTech YellowPepper , the first deal of its kind by the financial giant in the region. In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy. Under that strategy, Visa is pushing to become a “single point of access for initiating multiple transaction types” while also laying the foundation for the “secure movement of money.”.

B2B 133
article thumbnail

COVID-19 Health Passes Ignite New Debate On Digital ID

PYMNTS

The push toward digital IDs, toward tracking who’s who – and, in this case, who’s safe – may be getting a tailwind from air travel. To that end, a quintet of airlines is debuting digital health passes that certify travelers do not have the coronavirus. That passport, of a sort, will be known as CommonPass – and will certify negative COVID test results.

Nonprofit 130
article thumbnail

i2c: Mobile Banking, Credit Drive FinTech Opportunities Beyond The ‘Simple’ DDA

PYMNTS

At a time when the global pandemic and ensuing economic upheaval have blurred the boundaries between traditional means of payment, the CEO of global payment- and banking-solution provider i2c says the biggest business opportunity ahead will be in credit, with mobile becoming the biggest game-changer. “The stars of financial services in 2021 will have something to do with credit,” i2c CEO Amir Wain told Karen Webster, saying the days of the simple checking or demand draft accounts (DDA) are over.

Banking 124
article thumbnail

PayPal’s One-Day Coupons Drive Traffic To Local SMBs

PYMNTS

When we think about holidays on Main Street, there is a certain mental image we all flash to, nurtured by decades of singing Christmas carols. We all know the picture — city sidewalks, busy sidewalks, people dressed in holiday style. Children laughing, people passing, meeting smile after smile — otherwise known as the standard “Silver Bells” special.

Sales 123
article thumbnail

Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

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.

article thumbnail

FIs Expect Cybersecurity Spending To Increase In 2021, Study Finds

PYMNTS

Financial firms expect that the cost to defend against cyberattacks will continue to increase in 2021, according to Bloomberg , citing a survey done by Deloitte & Touche LLP. The survey, which will be released in December, reports that 64 percent of executives at financial companies ranked cybersecurity as their top concern in expected budget increases.

Budgeting 121
article thumbnail

Four Things From 400 Years Of Pilgrims And Payments

PYMNTS

Plagued by a deadly virus, toiling to jumpstart an economy in tatters and longing for a return to normalcy, the case could be made that giving up and starting over would be the smart thing to do. And yet, despite the hardship and impossible odds, the pilgrims of the Plymouth colony in 1620 stuck it out, and in doing so, laid the foundation for a nation that would grow to become the wealthiest, most abundant place on earth.

article thumbnail

A Targeted Approach To eCommerce Firms' Biggest Banking Pains

PYMNTS

It's been more than a decade since the boom of neo and challenger banks stepping into the market to fill the biggest service gaps left by FI giants. Generally considered more nimble and digital-friendly than legacy banks, challengers have injected a much-needed dose of technological innovation into the sector, with business banking an increasingly popular focus for new players.

eCommerce 118
article thumbnail

FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B

PYMNTS

FinTech Stripe is considering a funding round to value it higher than the $36 billion it got on its last round, Bloomberg reports. According to people familiar with the discussions, the new valuation could hit as much as $70 billion or maybe as much as $100 billion, Bloomberg said. If it got as high as $100 billion, it would make Stripe one of the most valuable venture-backed startups in the country, Bloomberg reported.

Valuation 117
article thumbnail

Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

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.

article thumbnail

Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation

PYMNTS

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. But there’s a new data revolution underway and this one is on the consumer side, as financial data aggregators are very much in the news. The latest developments come from Mastercard.

Banking 117
article thumbnail

Real-Time Data Closes Buyer/Seller B2B Payments Gap

PYMNTS

In B2B payments, the path to making transactions as seamless and invisible as possible is often about closing the gap that separates buyer and supplier. While a growing population of B2B FinTech solutions has helped to connect B2B buyers and sellers, more platforms can create more friction on either end of the equation. According to Greg Bloh, CEO of Transcard , solutions that target the buyer side and then provide elements to integrate with a vendor — or vice versa — can add extra steps for bus

B2B 116
article thumbnail

Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

Artificial ingredients: tasteless. Artificial intelligence (AI) in mobile food ordering: tantalizing. That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Done in collaboration with Kount , PYMNTS’ November 2020 Mobile Order-Ahead Tracker® dives into the topic in-depth, noting that “artificial intelligence (AI) has been a transformative tool for the restaurant

Leverage 115
article thumbnail

Female FinTech Founders’ Funding Behind Male Counterparts

PYMNTS

Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. Just 3.8 percent of FinTech startups with female founders received funding January through October, according to Crunchbase, per a Bloomberg report on Wednesday (Nov. 25). Companies that did get funding received only 0.9 percent of total monies raised. .

Startups 115
article thumbnail

Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

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.

article thumbnail

Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments

PYMNTS

Visa and Conferma Pay said Monday (Nov. 23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. The result, according to the firms: simplified money movement between buyers and suppliers and automated payment processing and expense reconciliation.

B2B 115
article thumbnail

Real-Time Payments Move Past Early Adopters

PYMNTS

The tipping point toward real-time payments’ ubiquity might be closer than many observers think, Mark Ranta , payments practice lead at FinTech Alacriti , told PYMNTS in a recent interview. Ranta said RTP is already past the “early adopter” stage and moving into the “fast follower” phase of its evolution. After all, The Clearing House’s RTP infrastructure is already up and running.

Education 114
article thumbnail

AWS Outage Interrupts Web Service for Spotify, Square And Others

PYMNTS

An Amazon Web Services outage affected the digital presence and operations of dozens of companies Wednesday (Nov 25) as one of the subsystems of the massive web operations platform failed. The support page for Amazon Web Services’ status page said it was experiencing problems with Kinesis, its service that processes large streams of data, causing “increased error rates” for a number of websites.

article thumbnail

Report: Taxpayers Face $400B Hit On Bad Student Loans

PYMNTS

U.S. taxpayers stand to absorb a hit of about $435 billion from borrowers’ failure to repay student loans currently on the federal government’s book, the Wall Street Journal reported Saturday (Nov. 21). The figure, which approaches banks’ losses during the 2008 sub prime mortgage crisis, resulted from an analysis performed by the U.S. Department of Education and two private consultants that helped the agency review the situation, the WSJ reported.

Education 113
article thumbnail

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

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.