Are legacy companies holding back the future?

Chris Skinner

The reason the latter countries are leapfrogging Europe and America is that they didn’t have a large, ingrained existing infrastructure for payments and financial transactions in place until … The post Are legacy companies holding back the future?

Travelers Companies Now Sends Insurance Claim Payments Via PayPal

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The Travelers Companies, Inc. Auto, property and general liability claims can use Travelers’ link to PayPal for fast and easy reimbursement, the company said in a press release on Wednesday (July 31). The company expects to give PayPal access to workers’ compensation claimants in 2020.

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Alleged CapOne Hacker Might Have Stolen Data From 30+ Companies

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Thompson , who has been accused of hacking into Capital One ’s cloud and compromising the data of 100 million people, may have also hacked into upwards of 30 other companies, according to a Bloomberg report. has revealed how many other companies were targeted. Paige A.

The 10-year-old who runs a blockchain company

Chris Skinner

I often talk about the world changing thanks to young people who can code.

US Treasury: Taxes On Digital Companies Are Discriminatory

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Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. After a European Union plan for tax reform fell apart, France, along with Britain, Italy and Spain, are moving forward with plans to tax companies like Google and Apple.

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Bird Buys eScooter Company Circ

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Creating a combined company that will lead to an addition of over 300 employees to its European operations, California-based Bird has purchased shared eScooter company Circ. Circ is a top shared eScooter company in the Middle East and Europe.

Some banks are technology companies

Chris Skinner

I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. I was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.

Shell Companies Eyed In Fraud At Aegean Marine

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1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm.

PayPal Wants To Keep Acquiring Smaller Companies

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Payments company PayPal recently acquired Chinese payment platform GoPay, and it wants to continue to complete such deals, according to a report by The Wall Street Journal. The company wants to pursue acquisitions throughout 2020.

Banks are not technology companies (yet)

Chris Skinner

I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.

Accounts Payable AI Company Stampli Raises $25M

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The artificial intelligence-based accounts payable company Stampli has raised $25 million in a Series B funding round, the company announced Wednesday (Oct. So far, the company has raised $32 million.

China To Increase Regulation Of Financial Holding Companies

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China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. The aim is to have plans made for a supervision plan for financial holding companies by the first half of next year.

We’re just a technology company that happens to have a banking licence

Chris Skinner

However, there is a massive difference between … The post We’re just a technology company that happens to have a banking licence appeared first on Chris Skinner's blog. I hear this a lot, and don’t like it. Many banks say it these days, and they say it to be cool.

China To Launch Board For Listings Of Tech Companies

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China could be gearing up to take on New York and Hong Kong when it comes to listing technology companies on the stock exchange, publishing draft rules for a startup board that is similar to Nasdaq. curbs on Chinese tech companies and developments.

Modern companies need to look beyond the ERP

Mobile Payments Today

As companies use technology to manage their accounts receivables and payables, they need to take a hard look at several factors regarding the solutions they choose to employ

Shift Happens: Online Car Company Manages Crisis With Class

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The online car selling platform’s March town hall meeting was supposed to be a victory lap to celebrate February, which was the most successful month in the company’s five-year history. The company also made radical shifts to its business model.

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Gojek Invests In Tech Wearables Company ZULU

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A tech wearable company called ZULU has received an investment from ride-hailing company Gojek, according to a report by Deal Street Asia. The company has already made one million jackets for Gojek. “We It has also invested in cloud kitchen company Rebel Foods.

Food Delivery Companies Mull Mergers, Public Listings

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With the potential help of stock listings or mergers, the largest food delivery firms in the country are aiming to bolster their finances.

200 Fake Ecommerce Companies Identified

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Spying a fake company is difficult, even for India’s Ministry of Consumer Affairs, which just disclosed efforts around identifying about 200 fake commerce companies. The names of each company have not been released to the public, but the Ministry has escalated the matter up to the Department of Industrial Promotion and Policy (DIPP) for further action. She added that for the next few days, all consumer complaints related to commence companies will be answered via Twitter.

OpenTable Partners With Food Delivery Companies

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OpenTable, an online restaurant reservation company, has partnered with Caviar, Grubhub and Uber Eats to provide delivery from restaurants all over the country, according to reports. The company has also revamped its mobile interface.

Fintech companies use holidays to push product usage

Bank Innovation

The holiday season comes with extra expenses for consumers, and financial companies want to help customers budget. While these efforts highlight financial planning and education, they also serve an important business objective, which is to increase user adoption and engagement on platforms.

California’s Governor Wants Tech Companies To Share Profits With Consumers

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Gavin Newsom, the governor of California, wants consumers to benefit from the billions of dollars technology companies in the state made by forcing the tech companies to share their profits. According to a report in Fortune citing comments Newsom made during a State of the State speech Tuesday (February 12), Newsom talked up the idea of a so-called digital dividend that would enable the consumers in the state to access some of the profits these tech companies make off of them.

Lawsuit Alleges Toys R Us Execs Bilked Company During Bankruptcy

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Retail Dive is reporting that the lawsuit alleges that bonuses were paid right before bankruptcy and that a failed plan to revive the company resulted in hundreds of millions in unpaid claims. Barry now runs TRU Kids , which handles the company’s intellectual property.

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JPMorgan Targets Smaller Companies In Japan

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JPMorgan Chase is introducing a new initiative in Japan, where it is actively vying for business from mid-sized companies, according to a report in the Financial Post.

Amazon Becomes World’s Most Valuable Company

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There’s a new king of the mountain in the seemingly endless tussle between the world’s four largest companies – Amazon, Microsoft, Alphabet and Apple. 7), Amazon passed Microsoft as the largest company by market value, according to reports.

Was Noodles & Company Breached?

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Restaurant chain Noodles & Company is probing a credit card breach that is said to have hit several of its 500 stores. Our investigation is ongoing, and we will continue to share information,” Noodles & Company said in a statement. The fraud attack occurred as the Broomfield, CO-based company was in the process of testing and implementing EMV technology — a situation which many businesses around the U.S. Security & Fraud Noodles & Company What's Hot

Why shell companies are so risky (and hard to spot)

Insights on Business

Shell companies and the hidden threat of entity risk. While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity. And as far as I can tell, “shell company” doesn’t yet have a NAICS code).

Why shell companies are so risky (and hard to spot)

Insights on Business

Shell companies and the hidden threat of entity risk. While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity. And as far as I can tell, “shell company” doesn’t yet have a NAICS code).

Bridging Banking Gaps For Cannabis Companies

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That brings the tally of enterprises offering financial services to cannabis companies to 375 banks and 111 credit unions. Cash is expensive for these smaller companies to handle, said Hart, “very expensive, and operationally very limiting.”.

HSBC Streamlines Inter-Company Bank Accounts

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Consolidating multiple bank accounts into a “handful,” or into a single account for each currency a company uses, reduces friction associated with managing cash across hundreds of accounts, and reduces the need for treasurers to complete complex cash sweeps and pools, HSBC noted.

Chatbot Company Sued By Delta Over Data Breach

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In an email through a spokesperson per WSJ , [24]7 Senior Vice President and Acting General Counsel William Bose said, “This has been an ongoing issue between the companies and nothing new has arisen, except that Delta has chosen to litigate this matter.”. Delta Airlines Inc.

Blockchain-for-Data Company Factom Raises $4.2M

Bank Innovation

Doing it, moving on: Blockchain-for-data company Factom Inc. Some words that should no longer surprise you, because this technology is only growing stronger: in blockchain news, there’s a new player on the block… chain. has just raised $4.2M

Noodles & Company Launches Loyalty Program And App

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Noodles & Company unveiled its new NoodlesREWARDS program on Wednesday as a way to say “thank you” to its loyal customers and encourage them to bring new ones into the fold. Noodles & Company serves classic noodle and pasta dishes from a variety of cultures: Italy, Thailand, Korea, Japan, Central America and the American Midwest, to name a few. Surprise noods? Who would say “no” to that?

Comcast Buys AI Cybersecurity Company BluVector

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Comcast announced Monday (March 4) that it has acquired BluVector, a company that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies.

European Banks Want More Regulation Of Large Tech Companies

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Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market. technology companies will choose to go only after the best parts of the financial services market. She doesn’t mind taking on tech companies but wants its to be on the same terms. The banks are concerned that opening their data in Europe will not give them the same access to the large tech companies in the U.S.