PYMNTS
AUGUST 27, 2020
Tens of thousands of stolen Fortnite accounts are being sold on the black market in a $1 billion a year trade, according to Bloomberg. The news outlet cited a report from Night Lion Security , which looks into companies' vulnerable points. It found that criminals are using automated tools to mass-check for Fortnite accounts from hordes of stolen identities from recent data breaches.
Jedox Finance
AUGUST 26, 2020
The 2020.3 version of Jedox software enables anyone building applications in Jedox to design an interactive experience for end-users with ease. And the all-new, hyper-flexible Jedox Lists take ad hoc reporting and analysis to another level.
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Adam Kae
AUGUST 27, 2020
The Secret to Our Success. Usually, spilling business secrets is typically a major “no no." In our case, our best kept secret is hidden in plain sight! Industrial organizational theorists have used the bones of the Adam Kae way for decades. We just gave some of these steps cooler names. Why are we telling you this? Our goal is to help you: Find solutions to complex financial problems.
Capital CFO LLC
AUGUST 27, 2020
Nonprofit organizations are struggling, and it is as simple as that. The financial and staffing challenges often seem insurmountable. According to a recent article by Nonprofit Quarterly, … many organizations, […]. The post Nonprofit organizations face challenges. We offer solutions. appeared first on Capital CFO.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
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PYMNTS
AUGUST 28, 2020
U.S. and Canadian banks are all but certain to cut personnel costs as the COVID-19 shock gives way to more long-term economic problems, even though the CEOs of some banks pledged this past spring to not lay off employees, per sources as reported by Reuters on Friday (Aug. 28). Industry experts cited by Reuters attribute their predictions to factors including low interest rates, credit problems among potential borrowers and efficiencies generated by work-from-home programs.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFA Institute
AUGUST 26, 2020
We all have biases and blind spots, and it helps to listen to people who see things differently.
PYMNTS
AUGUST 23, 2020
Goldman Sachs is pondering a $2 billion venture and growth fund that could boost its stature in the world of technology investing, sources told Bloomberg. The amount of the fund being $2 billion would make it one of the largest in the field, Bloomberg reported. It could help Goldman Sachs court bigger investors and investments. SoftBank 's Vision Fund has $100 billion, but otherwise, not many firms have investment funds in the billions.
PYMNTS
AUGUST 28, 2020
MGM Resorts International CEO William Hornbuckle delivered bad news to his 18,000 furloughed U.S. employees on Friday (Aug. 28): They will not be invited back to work. The Wall Street Journal reports that the layoffs represent 25 percent of the company’s pre-COVID workforce of 68,000, as the global travel slowdown continues to hurt the casino industry’s recovery from COVID-19.
PYMNTS
AUGUST 24, 2020
Trimble has announced new upgrades for its TMT Service Center and TMT Fleet Maintenance solutions, including faster payment options and more visibility, according to a press release. Renaldo Adler , industry principal of asset management for Trimble Transportation, said the new ideas are intended to bolster services for the new COVID-19-based environment for businesses.
Advertiser: Paycor
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
PYMNTS
AUGUST 27, 2020
Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. said Thursday (Aug. 27), according to CNBC. "Retail is obvious struggling," Jeff Blau said on CNBC's "Squawk Box." "We expect that will pick up post [re]opening.".
PYMNTS
AUGUST 28, 2020
While a judge may not settle the dispute between Apple and Epic Games for months, the computer giant pulled the Fortnite maker’s games from the App Store on Friday (Aug. 28), 9to5Mac reported. Epic emailed its Fortnite players that the iOS and Mac versions of the game are blocked from receiving updates. The move comes amid a pending lawsuit against Apple by Epic.
PYMNTS
AUGUST 24, 2020
Large, well-established companies were once seen as relatively insulated from disruptions wrought by Amazon, Netflix and other Silicon Valley giants. This was a doubtful proposition to begin with, but the COVID-19 pandemic has shaken such assumptions to the core, for companies both large and small. Corporates cannot expect to weather the economic and social changes taking place by virtue of their market clout and mastery of traditional supply chains and distribution channels.
PYMNTS
AUGUST 24, 2020
Almost a third of renters in single-family or small multifamily properties couldn't make their August rent, according to CNBC , citing a survey by Avail , a tech and marketing platform for small landlords. The main reasons, the survey showed, were the same as they have been for months: the pandemic has left them without jobs or with reduced income. Missed rent payments have soared, rising 93 percent between March and May of this year as the pandemic wiped out jobs and kept people in their houses
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
PYMNTS
AUGUST 22, 2020
In the era of COVID-19, as the world is awaiting a vaccine that will formally bring the pandemic to a close worldwide and consign it to the realm of the ill-remembered past, a lot of traditions are looking to make their virtual/digital debuts. Everything from parades to trick-or-treating to Black Friday doorbusters to Santa Claus himself are getting a virtual makeover to make them safer and more socially distanced.
PYMNTS
AUGUST 23, 2020
The pandemic has fueled the need for European banks to restructure following years of poor performance. The Wall Street Journal (WSJ) reports a majority of Europe's biggest financial institutions (FIs) are ending old business models, trimming unprofitable business lines, boosting profitable ones and finding a formula that works. For example, based on weak returns, the newspaper reports HSBC is planning to trim 15 percent of its workforce.
PYMNTS
AUGUST 28, 2020
It’s the end of another week and the end of a busy month. The PYMNTS Weekender is here to catch you up on the latest payments and commerce news. We have deep dives on retail’s digital D2C shift, blank-check companies, and DoorDash’s IPO plans. Top News. DoorDash Moves Ahead With Q4 IPO Plans. DoorDash , the San Francisco-based prepared food delivery service, is planning to go public by year’s end, after filing confidentially in February.
PYMNTS
AUGUST 24, 2020
Google 's cloud division is investing $100 million in Amwell , a telehealth operator preparing to go public, according to CNBC. The investment will come with Amwell transitioning some parts of its business away from Amazon Web Services and onto Google Cloud. Amwell will use Google as its "preferred global cloud partner," according to CNBC, and will move some of its video performance capabilities to Google.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
PYMNTS
AUGUST 28, 2020
Call it a case of death by a thousand cuts. Job cuts. And cutting loose operations. And cost cuts. What will be left of Wirecard Card Solutions? What will be left of Wirecard? The company said this week that it would sell its United Kingdom operations to Railbank. Though the terms of the agreement were not disclosed, the pact seems far-reaching in scope.
PYMNTS
AUGUST 24, 2020
Today's modern, digital-first corporate has procurement expectations far beyond what the average business would have had only about five years ago. Like so many other areas of the enterprise, initiatives to optimize procurement activity have only taken greater precedence in the midst of the global pandemic. As a high-spend business function, procurement is embracing the opportunity of data analytics to understand spending patterns and identify potential areas to cut costs.
PYMNTS
AUGUST 23, 2020
Uber Health made big news this past week with the announcement that it was scaling up its delivery services to include pharmaceutical products in some locales. That’s a major new add-on for Uber Health, which the ride-hailing firm launched in 2018 to provide patients with transportation to and from medical appointments. "With COVID-19 cases still on the rise across the U.S., getting to a pharmacy to pick up prescriptions can be challenging for many and nearly impossible for some," Uber said in a
PYMNTS
AUGUST 27, 2020
Freshly , which works in manufacturing fresh, prepared meals for the U.S., introduced a new B2B platform, Freshly for Business , which is centered around feeding company teams in any place, according to a press release published by Food Industry Executive. In 2020, Freshly is set to deliver 50 million meals to over 200,000 zip codes in the country, which the release stated will be a lifeline during the current pandemic.
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.
PYMNTS
AUGUST 27, 2020
Commonwealth Bank of Australia (CBA) has introduced a new digital service that expedites the distribution of pandemic-related loans, allowing small- to medium-sized businesses (SMBs) to access money "within minutes," according to a report from News.com.au. With the bank's new BizExpress Online, existing SMB customers can apply for loans of up to $50,000 through the bank's NetBank and CommBank apps.
PYMNTS
AUGUST 27, 2020
Mitek , which offers digital identity verification services, has partnered with Lightico , which works in the field of identity verification and eSignatures, to provide a new way to complete transactions over a text message, a company blog post stated. Lightico, using a secure platform, can allow businesses to "collect forms, documents, eSignatures, photos and payments, consent to disclosures and verify identities instantly via text, even while the customer is on the phone," the post stated.
PYMNTS
AUGUST 24, 2020
Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise citizen information, CoinDesk reported. The effort is reportedly part of the “New Infrastructure Initiative” of the country to allow for information to be unchangeable and provided to various governmental bodies, the report stated.
PYMNTS
AUGUST 24, 2020
Open Payments, Open Payments , the Stockholm-based FinTech, has raised a €3M ($3.5M) seed round, according to a report from the magazine EU-Startups. The round is led by Industrifonden , with participation from existing investors including Brightly Ventures and Luminar Ventures. The funds, according to the report, will be used to "to continue to grow the team and establish the platform in the Nordic and European market.".
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