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Financial services players, both big and small, are embracing APIs in a major way — as they should. From solutions designed to increase the use of new technologies like the blockchain , to those aimed at giving consumers a more personalized set of products and services, APIs are being used to unlock all kinds of new capabilities. And now, around the industry, banks, financial managers and other players are seemingly embracing the age of APIs.
Katz, Sapper & Miller’s Chad Halstead and Mike North will speak at Faegre Baker Daniels’ 2018 M&A Conference. Taking place May 10 at the JW Marriott in downtown Indianapolis, this annual conference provides dealmakers the opportunity to learn about the latest industry trends, discuss complex mergers and acquisitions (M&A) topics, and network with others in the local M&A community.
It’s fair to say we live in the future. A vast majority of Americans carry a super-computer in their pockets that can be used as a GPS navigator, a payment method, a source of entertainment and a shopping mall. Oh, and you can also use it to make phone calls. Beyond our casual use of technology (that would have seemed like pure science fiction in the 1950s and sorcery in the 1850s), we also have washing machines that order their own detergent, refrigerators that suggest recipes and vacuum cleane
Ripple , the blockchain company, announced news on Wednesday (April 11) that it has invested $25 million of its XRP cryptocurrency in Blockchain Capital’s $150 million fund Blockchain Capital Parallel IV. In a press release, Ripple said Blockchain Capital is the first fund focused solely on the blockchain space and is also the first to accept capital calls in cryptocurrency.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
For many consumers, secondhand is becoming their first thought when it comes to clothes shopping. It’s a movement that’s been gaining momentum since the recession in 2008. Today, one in three women are reporting that they shopped secondhand within the past year, according to research by thredUP. That’s a total of 44 million shoppers in 2017. Compare that to 35 million the previous year, and it’s clear this trend is not only on the rise, it’s growing dramatically, with the potential to reach $41
Uber , aiming to expand access to transportation for the masses, announced news on Wednesday (April 11) that it has launched a series of product updates that help riders get around without the need for a vehicle. In a blog pos t, Uber Chief Executive Dara Khosrowshahi said to meet that end, Uber Bike by JUMP is expanding to Washington, D.C. The service, which was first piloted in San Francisco earlier in 2018, will enable residents and visitors to Washington, D.C. to find and book a JUMP pedal-a
Payments and commerce company PaySimple announced its latest integration into a third-party service provider. The firm announced it is integrating its payments processing capabilities, PaySimple AppConnect, into Profit Rhino, a mobile sales tool and pricing service platform for in-the-field service providers like home services and repairs. While the integration means Profit Rhino users will be able to accept payments on-site, PaySimple is also providing additional back-office features to the por
Payments and commerce company PaySimple announced its latest integration into a third-party service provider. The firm announced it is integrating its payments processing capabilities, PaySimple AppConnect, into Profit Rhino, a mobile sales tool and pricing service platform for in-the-field service providers like home services and repairs. While the integration means Profit Rhino users will be able to accept payments on-site, PaySimple is also providing additional back-office features to the por
It’s called the Paradox of Choice , or “analysis paralysis” – and anyone who has ever frozen in the face of searching Netflix for a Friday night movie has felt its icy grasp. Stated simply, it says that too much choice is bad for the average customer, who becomes so weighted down trying to figure out what they “really want” that they find it hard to choose anything at all.
With Amazon , Kroger and other large retailers in the grocery business introducing digital technology, such as mobile self-checkout, how do smaller regional grocers compete? The answer could be in white-label technology platforms provided by companies such as GrocerKey , a software company that helps brick-and-mortar retailers adapt to the new digital world.
In payments security, the key is the key. Encryption and the digital keys that allow firms to scramble and descramble data are permanent parts of the payments landscape. There’s a personal element to the technical wizardry, though. Data needs management, and protecting that data requires vigilance. And yet, many firms do not have the staff in place to manage cryptographic keys.
Etsy is refocusing its aspirations and energies — much to the annoyance of some of its sellers. CEO Josh Silverman said the decision is a pivot toward the areas that are showing the most growth for the handmade marketplace, particularly on its core eCommerce site. However, the news came as a jolt to merchants like jewelry maker Natalie Jacob, who told Bloomberg she became a major fan of the Etsy Wholesale service until it abruptly stopped communicating with merchants.
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
Whether they’re hairdressers that are wizards with a razor and shears, clothing designers with a knack for new looks or carpenters with all the tools of the trade, all small businesses need to get paid. While SMB owners may be masters of their crafts, few are experts in efficiently resolving their payments pain points. They need websites that offer online payment capabilities to stay competitive, preferably with clean and simple interfaces to ensure they can quickly accept and process customers’
In the workforce, speed is an issue close to employees’ hearts. How quickly workers get paid can not only affect their satisfaction with their day-to-day job, but also plays a large role in motivating them to remain in their roles. And employers are learning that the same rule of payment speed applies when it comes to boosting productivity through company wellness programs.
The latest CBIZ Small Business Employment Index (SBEI) indicates an improvement in hiring activity among U.S. small businesses (SMBs). The company announced its findings on Friday (April 6), which recorded a 1.39 percent month-over-month increase in SMB hiring for March. That follows a decline of 0.2 percent in activity in February, CBIZ noted. According to CBIZ Employee Services Organization President Philip Noftsinger, the data could be a result of regulatory effects.
Though you might not realize it looking at a weather forecast in various parts of the nation – as it seems the temperature might never actually break 40 degrees – spring is upon us; the season for new beginnings is here. Even if the weather refuses to play nicely, at least we can count on the payments and commerce ecosystem to snap to life with some resets and fresh starts.
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.
Just as SAT scores don’t convey everything about a student, FICO scores don’t convey everything about a loan applicant. They can be one valuable piece of information, but when banks rely solely on scores from the credit bureau to decide which businesses or individuals can be trusted with a loan, they omit much more information than they include — perhaps missing the opportunity to build a relationship with some of the most creditworthy applicants out there.
SWIFT ’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service. The gpi tool aims to heighten speed, transparency and efficiency of cross-border payments for financial institutions and their banks. “International trade is the backbone of globalization and an imperative for India to grow,” said SWIFT Head of India and Subcontinents Kiran Shetty in a stateme
U.K. challenger bank CivilisedBank announced plans to release its banking license to instead focus on developing its underlying infrastructure and technology. A press release on Friday (April 6) issued by the FinTech, which targets small and medium-sized businesses (SMBs), said it will release the license awarded last May and reapply for another one after further technological development of its solution.
Continuing its foray into smart-home devices, IKEA is rolling out four smart speakers dubbed Eneby. The launch, however, is the company’s first venture in audio, TheNextWeb reported. The speakers come in two sizes and two colors, and the smaller speakers retail for the same price as a Google Home Mini or an Amazon Echo Dot at $49. All the Eneby speakers are listed on IKEA’s website, but customers can’t purchase them quite yet.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
This month, startup Tipalti is celebrating a PO-matching match made in heaven as it integrates with leading cloud ERP provider NetSuite. PO (purchase order) matching is one of two new capabilities Tipalti has rolled out within recent months, the other being multi-entity functionality. Tipalti CMO Rob Israch said both new capabilities are now being enhanced with a focus on the platform’s NetSuite integration.
Amid headlines that corporate banking helped boost Citigroup profits, the firm also reported strength in its mobile and online initiatives, as evidenced by growth in consumers using bits and bytes to bank, according to earnings materials from the company. In results reported on Friday (April 13), the top line at the bank came in at $18.87 billion, in line with estimates and showing growth from the $18.3 billion reported last year.
The bikesharing trend has really gotten rolling in many cities around the world. Whether or not you’ve ridden one, you’ve surely seen them: Fleets of identical bikes, often colorful, clustered at rental docks where anyone from commuters to tourists can pay the fee to take one for a spin. The latest evolution of the trend, however, does away with those docks, instead leveraging GPS technology to keep track of bicycles and lead riders to the nearest one when they log into the app.
This week’s VC Investment Roundup demonstrates investors’ varied appetite for B2B FinTech. Funding targets this time around included blockchain, logistics, alternative finance, artificial intelligence and T&E — with a few startups taking a stab at some of the biggest problems in the cannabis industry, procurement and microfinance. Take a look at which firms from around the world landed new funds this week, and how they plan to deploy the cash.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
On Monday (April 9), American Express unveiled a new global brand platform and marketing campaign dubbed “Powerful Backing: Don’t Do Business / Don’t Live Life Without It.”. In a press release , the payments company said the campaign is aimed at reflecting how people live and work today and celebrates the reality that life and business are becoming increasingly interconnected.
April 24 looms large for Spotify. The digital music streaming service last week said it would share news on that date at an event to be held in New York City. The details thus far are scant, and speculation is mounting. CNET reported the company sent a “save the date” invitation to journalists on Friday with only the date and “general location” disclosed.
Through a private funding round that could make Ant Financial the world’s biggest unicorn, the Chinese financial firm — an affiliate of Alibaba — is reportedly seeking to raise $9 billion. The fresh investment could lead to a valuation of nearly $150 billion for Ant, The Wall Street Journal reported. According to people familiar with the matter, Ant Financial has been in discussions with potential investors.
Due to its deal to merge with Rite Aid , Albertsons is withdrawing its plan for an initial public offering (IPO). The grocer said its IPO registration statement had not been declared effective by the U.S. Securities and Exchange Commission (SEC), MarketWatch reported. That statement had been last amended in November and, as of that time, the company had not set the terms of its IPO.
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.
To draw in fashion-conscious customers and those on their lunch breaks, Nordstrom is gearing up to open its inaugural, full-line store in Manhattan. The location will stock men’s clothing along with shoes and grooming supplies in Midtown, The New York Times reported. “We know a market like New York doesn’t need just another place to buy a pair of pants,” Peter Nordstrom, a company co-president, told the Times.
Tomorrow, April 13, signing a receipt at the end of a Mastercard credit or debit transaction at the physical POS will become a relic of payments history. Mastercard first announced its plan to go sans signature six months ago. It’s a change that’s long overdue for many consumers. Consumers like Karen Webster, who – in a conversation with Mastercard U.S. market development EVP Linda Kirkpatrick – shared a coffee shop anecdote about waiting in line behind someone who whipped out her debit card to
The transition to the EMV chip in North America has been both a boon and a bit of a headache when it comes to payments security. On the one hand, Worldpay ’s VP of Data Products Nicole Jass noted, EMV has done an awful lot to slam the door shut on card-present fraud. According to Visa, counterfeit fraud at U.S. chip-enabled merchants was down 66 percent in June of 2017 compared to June of 2015.
To enable mobile payments, the Washington Metropolitan Area Transit Authority (WMATA) is working with its fare payment vendor to upgrade its payment capabilities. WMATA seeks to be “mobile ready” by 2019, the agency said in a statement. “Mobile fare payment is the future of transit, giving customers the ability simply to tap their phone and go, all without stopping at a fare vending machine or using a separate card,” Metro General Manager Paul J.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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