Sat.Aug 17, 2019 - Fri.Aug 23, 2019

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In Latin America, Ripple Makes Remittance Waves

PYMNTS

In Latin America, news comes this week that Santander Group is boosting its use of Ripple’s technology to aid payments across what CoinDesk reported is a “payment corridor” in Latin America. As reported , the corridor would enable customers in Latin America to send money to the United States instantly, without fees, through the app One Pay FX. That app, the site noted, uses xCurrent software.

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An Open Letter To The CFO on FP&A

Jedox Finance

Dear CFO, We heard that you put FP&A on your list of top priorities to work on. We understand that you’re not satisfied with the return on investment you’re getting from the department. You told us that there is too much data, reporting, and analysis and too few real insights that change decisions for the better. You also told us that you don’t feel adequately supported by the FP&A department on a strategic level to be a business partner to the CEO.

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Trending Sources

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Top trends in budgeting, planning and forecasting

Future CFO

The days of manual, spreadsheet-based budgeting, planning and forecasting processes are numbered. As leading organizations seek new ways to supercharge their BPF processes, this white paper takes a look at nine key trends which are shaping the future of the field, including AI, real-time collaborative decision-making and the inclusion of non-financial data in forecasting activities.Download.

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Three Mindsets of Great Investing Teams

CFA Institute

What sorts of mindsets correlate with investment success and better decisions?

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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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Mastercard Looks To Hire Crypto Team

PYMNTS

Mastercard , already an ally of Facebook’s Libra , announced it’s in the midst of planning its own cryptocurrency team, the New York Post reported on Saturday (Aug. 17). The move is in line with Mastercard’s goal of being known as a technology company “more than a card company,” Ted Rossman, an analyst with CreditCards.com, told the NYP. It’s “a smart move,” another card expert told the paper.

More Trending

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Apple Card Officially Released In US

PYMNTS

The Apple Card, a credit card created in partnership by the technology company, was officially released in the U.S. on Tuesday (Aug. 20), the company said in a release. The company said the credit card is meant to help customers have a “healthier financial life,” and that interested customers can sign up for the card through the Wallet app on an iPhone. .

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Flexa: Making Crypto Spendable In Every Store

PYMNTS

One common criticism of bitcoin and other cryptocurrencies is that — beyond the wild price swings and uncertain regulatory climate — the digital coins are not widely accepted by merchants on any grand scale. This means, of course, that using cryptos in commerce is, thus far, a limited proposition. Against that backdrop, payments network Flexa said earlier this summer that it had expanded its reach into Canada with its SPEDN cryptocurrency wallet.

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Trending: FIs Use AI To Challenge Challenger Banks

PYMNTS

Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. European challenger banks like Monzo and N26 are expanding to new markets and an increasing number of other financial players are launching suites of products and services designed to entice customers away from their traditional financial institutions (FIs).

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JPMorgan Shuts Down Chase Pay In Stores

PYMNTS

JPMorgan has discontinued its Chase Pay app that allowed users to pay with their smartphones in stores, according to a report by Bloomberg. The app will stop working in the early part of next year, but users will still be able to use Chase Pay on websites and in the apps of participating retailers. The Chase Pay app, which lets customers tap at POS terminals, was introduced four years ago as a way to compete with companies like Apple.

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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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BoA Looks To Create Multi-Currency Digital Wallet

PYMNTS

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. The North Carolina-based bank filed a “Multi-Tiered Digital Wallet Security” application in February 2018 with the United States Patent and Trademark Office (USPTO), Coindesk reported.

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SWIFT: Real-Time Payments Demands Real-Time Security And Compliance

PYMNTS

When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. To compare payment rails to real-life rails, no rail passenger wants to travel faster without assurance that they are traveling safely.

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A Few Things About The Internet Of Things

PYMNTS

Devices are everywhere – and are now intelligent and interacting with us through all manner of daily routines. There are billions of devices in the world helping to monitor and regulate everything from room temperatures to restocking the fridge. The Intelligence of Things Tracker has shown that smart cities, security and even healthcare are all getting a boost from tech-powered devices that promise ease and convenience in keeping our lives, well, humming.

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Supply Chains, Aided by AI And Robots

PYMNTS

eCommerce is ever faster — and consumers want what they want — now. That means for the firms shipping all manner of goods across all manner of verticals need to track inventory and supply chains in real time. Technology is the key to speed. To that end, software and robotics firm GreyOrange said earlier this month that the company had forged partnerships with eight warehouse firms in the United States.

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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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World Bank Lands $33M For Australian Blockchain Bond

PYMNTS

The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond- i. The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. It is issued in Australian dollars by non-Australian organizations, including governments, businesses, and financial institutions.

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When Disaster Strikes, Digital ID Is Front And Center

PYMNTS

Hurricanes, wildfires, tornados, earthquakes and floods — disasters of all types tend to bring out the best and the worst in people. Generous donations. Ripped-off funds. Faulty grant applications and truckloads of supplies sent to the impacted areas. Whatever the angle — honest or fraudulent — the rise of the digital economy can amplify the actions of both good and bad actors in the aftermath of tragedy.

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Goldman CEO Touts Apple Card As Consumer Banking Catalyst

PYMNTS

The launch of the Apple Card is allowing Goldman Sachs to become a leader in consumer banking, according to the bank’s CEO David Solomon. In late March, Apple and Goldman Sachs announced the Apple Card , which users sign up for through Apple Pay. They get approval on their device and can begin using it immediately. The card is stored in the wallet app and doesn’t have any fees.

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Can Digitally-Read Emotions Play a Role in Payments and Retail?

PYMNTS

Emotions play a significant role in all human endeavors, and that certainly goes for payments and commerce. And even as those two activities become ever more digital and mobile, emotions are still there as a focus. Indeed, the role of emotions in payments and commerce in this digital age looks sure to grow even more. Fresh evidence supporting that point comes from Amazon.

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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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Amazon On Track To Invest $15B In Tools For Third-Party Sellers

PYMNTS

Amazon is on track to invest upwards of $15 billion this year in new tools to help small and medium-sized businesses (SMBs) grow and succeed, according to a press release. . To aid SMBs, 150 new tools have been launched since the beginning of the year, the company announced on Thursday (Aug 22). These include Sold by Amazon, which helps to manage pricing, and Target Inventory Levels, which helps merchants manage Fulfillment by Amazon (FBA) inventory. .

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas. The latest news centers on Sodinokibi, a ransomware strain that has helped fraudsters make higher ransom demands. Through that ransomware they have been hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key.

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Online B2B Marketplaces See New Funding Rounds 

PYMNTS

B2B marketplaces are seeing increased investments, as seen in recent funding activity spanning a variety of verticals, for a total of $18.5 million in venture capital. Ratelt. As reported by The Business Times , in Singapore, Tin Men Capital, a venture capital firm focused on B2B tech startups, led a $5 million Series A funding round to invest in RateIt.

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Why It’s Time To Break Mobile Commerce Stereotypes

PYMNTS

Don’t count out older consumers when it comes to mobile commerce – that’s one trend going forward into the 2020s that is important as the population continues to age. That said, there seems little question that younger consumers will continue to drive most changes in mobile, including its often complex place in the retail and shopping chain. In a new PYMNTS interview, Sri Narasimhan, head of strategy, partnerships and business development at LISNR , dug into the findings of new research from his

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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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PayID Hack Prompts Warning From Banks Down Under

PYMNTS

A recent PayID data breach reported to Australia’s New Payments Platform (NPP) has prompted banks to issue warnings to customers, FinTech Extra reported on Wednesday (Aug. 21). Aussie financial institutions started sending breach notifications after an undisclosed number of PayID records were exposed in the country’s real-time NPP on Friday (Aug. 16).

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EU Investigating Libra For ‘Anti-Competitive Behavior’

PYMNTS

European Union antitrust regulators announced that they are “currently investigating potential anti-competitive behavior” related to Facebook ’s Libra. According to Bloomberg , the EU authority said in a questionnaire released earlier this month that it has concerns that Libra could create “possible competition restrictions” on the information exchanged and the use of consumer data.

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The Cloud Surrounding Banks’ Data Security (In The Cloud, Too)

PYMNTS

No rest for banks amid the hackers. And certainly not with an outsourced tech model. In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. A quoted by Bloomberg , a senior official at the European Central Bank (ECB) has warned of the threats that come with embracing the digital age.

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In Ireland, Banking Federation Promotes FinTech Foresight

PYMNTS

The Banking & Payments Federation Ireland said it had established a FinTech Foresight Group — further evidence of collaborations between traditional financial institutions and tech upstarts. That group, according to the release , has been formed to help harness “new technical developments from the startup ecosystem” and help shape FinTech policy.

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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.