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Procure-To-Pay’s Tax Conundrum

PYMNTS

One of the largest challenges for procurement chiefs today, according to Sovos VP of Strategy Christiaan Van Der Valk, is tax compliance, and it can easily trip up organizations as regulations become more complex — and as regulators’ strategies to ensure tax compliance become more sophisticated.

Taxes 139
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IBM’s Cognitive Bank: Big Data, Bigger Problems

Celent Banking

Last Wednesday I attended IBM’s analyst presentation on Transforming Banking and Financial Markets with Data. The crux of the presentation was the benefits of big data and cognitive analytics for financial markets. What value do you see from your big data program? Were your expectations set correctly?

Big Data 100
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IMF’s Lagarde Calls Out FinTech As Industry Disruptors

PYMNTS

Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

Industry 190
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Citizens Tracks Mid-Market CFOs’ Real-Time Payments Plans

PYMNTS

A new survey from Citizens Bank explores how mid-market CFOs in the U.S. are anticipating new technologies and market trends for the year to come, with these professionals signaling interest in real-time and electronic payments. In an announcement Thursday (Dec. In an announcement Thursday (Dec. ”

Marketing 116
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In The Age Of Big Data, Why Are We Still Flying Blind?

PYMNTS

At the same time, the market caps of the top 20 retailers have lost more than $230 billion over the last two years, and mall operators are sucking wind as overstocked anchor stores shutter underperforming locations, which delivers a death knell for the stores that depend on anchor store foot traffic to lure customers in. Data Doubletalk.

Big Data 135
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Bitcoin Daily: Korean Commission Suggests Allowing FIs To Offer Crypto; China’s OneConnect Platform Supports New Blockchain Financing Product

PYMNTS

OneConnect used Guangdong’s “digital government” tech resources, as well as its own blockchain tech, AI and Big Data, to create the platform — which has access to data in 213 categories from 26 departments of government, and has connected with 129 financial institutions in the China province. ”

Bitcoin 132
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US Banks Expected To Lose 200K Jobs To Technology

PYMNTS

Cloud computing, on the other hand, could bring in significant savings, while Big Data would enable “more surgical marketing.”. The reasons, according to the past report: economic expansion, regulations put in place after the recession that are improving the risk at banks and President Donald Trump’s corporate tax changes.