JPMorgan Employs Machine Learning For Expense Reports

PYMNTS

JPMorgan Chase has been using artificial intelligence (AI) and machine learning to process expense reports and check them for compliance, according to Bloomberg. Last year, Wells Fargo got rid of a number of employees for lying on expense reports. .

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Goldman’s Reporting Revamp Spotlights Its Consumer Focus

PYMNTS

If you can’t beat ’em, join ’em — at least when it comes to reporting structure. To that end, investment banking giant Goldman Sachs said it has revamped its reporting into new segments.

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Report: Early Holiday Sales Up 2.2 Pct. YOY

PYMNTS

A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. The report said year-over-year sales, however, should be stronger.

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Report: Holiday Sales Are Best Since 2013

PYMNTS

A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. The report said year-over-year sales, however, should be stronger.

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Capital One Offers Free Business Credit Reports

PYMNTS

According to a recent Capital One survey, nearly 31 percent of small business owners have either never heard of business credit reports or are not educated about them, despite the fact that managing their credit can enable them to access more funding, establish partnerships and grow their businesses.

MYOB Suffers Payroll Reporting Glitch

PYMNTS

Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known as group certificates or payment summaries were sent to the wrong recipients.

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State Regulators Report: Money Services Firms Handled $1.2T In 2017

PYMNTS

As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured transaction data tied to 2017 and focused on licensed money transmission and payments.

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Report: Worldwide Accounts Payable Software Market To Reach $1.567M

PYMNTS

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company.

Global Fintech Report Q3 2019

CB Insights

In our Q3’ 2019 report, we cover macro trends across global geographies and regions within the United States. . The post Global Fintech Report Q3 2019 appeared first on CB Insights Research Globally, fintech deals rebounded slightly in Q3’19, but will likely fall short of 2018’s record.

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Popular Millennial Site Bleacher Report Dives Deep Into Sports Betting

PYMNTS

Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC.

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Kountable Launches SMB Credit Reports Based On Execution Behaviors

PYMNTS

Kountable announced it has launched credit bureau reporting for SMBs in Rwanda and Kenya based on how well they execute on projects. B2B Payments B2B credit report Kenya Kountable News Rwanda small business financing What's Hot In B2B

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November Employment Report Shows Underlying Strength

Abrigo

The morning’s Employment Situation Report from the Bureau of Labor Statistics showed a fairly (and surprisingly) strong labor market. This month's report is surprisingly strong. Recent data releases haven’t been as positive, and this report shows some underlying strength.

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Fitbit Reportedly Mulls Possible Sale

PYMNTS

Under its challenges of moving to smartwatches from fitness trackers, Fitbit has reportedly been in discussions with an investment bank surrounding the possibility of looking into a sale. have cornered a greater market share with their devices, Reuters reported.

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Amex, Nova Offer Global Transfer Of US Credit Reports

PYMNTS

American Express has partnered with Nova Credit , a credit reporting startup that operates across borders, to give expatriates and immigrants the ability to share their previous credit scores with American Express when applying for a credit card.

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EU Report Calls For Finance Authorities, AML Oversight

PYMNTS

European Union lawmakers released a report on Wednesday (Feb. 27) recommending that the EU create a police unit dedicated to the investigation of tax and financial crimes, as well as a watchdog organization to fight money-laundering, according to a report by Reuters.

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Judo Capital Taps VERMEG For Reporting Compliance

PYMNTS

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license.

Deep Dive: Why Manual Expense Reporting Systems Have Outlived Their Usefulness

PYMNTS

Employee reimbursements can be frustrating for all parties involved, even as expense reporting goes digital. Expense reporting has moved from having each employee file expenses via spreadsheet, but solutions have yet to eliminate all the delays that parties face during this monthly process.

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NEW REPORT: Are AI And ML Actually Transforming Retail?

PYMNTS

To learn more about how businesses are leveraging AI and ML technology to optimize their customer experience, click here to download the report.

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Accounting Expertise In C-Suite Can Compromise Financial Reports

PYMNTS

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

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NEW REPORT: Retailers Face An Augmented Reality Check

PYMNTS

To read the feature story and get a close look into how AR is laying the foundation for retail’s next state of evolution, download the new Digital Consumer Report. Augmented reality (AR) has long been associated with games like Pokémon Go and Zombies, Run!

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PayPal reports strong numbers for Venmo, Visa posts solid Q2

Mobile Payments Today

PayPal and Visa reported strong earnings in the first quarter of 2019, with PayPal breaking out Venmo numbers for the first time

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October Employment Report: Not So Scary

Abrigo

Economy | 2 minute read Key Takeaways Overall, October's national employment report was positive. This morning’s national Employment Situation Report for the month of October was rather positive. Overall, this is a positive report. Today’s report seems consistent with that story.

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AppZen Analyzes Trends In Flagged, Rejected Expense Reports

PYMNTS

A new survey from AppZen finds employees in the professional services industry, including accountants, financial advisors and lawyers, more frequently have their submitted expense reports rejected, reports in CPA Practice Advisor said Monday (Dec.

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Moody’s: April ADP Jobs Report Was Inflated

PYMNTS

Payroll processor ADP’s report on the job market in April may have been inflated due to technical issues. The Labor Department will report non-farm payroll numbers for April on Friday (May 3).

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Why FATF’s New Digital ID Report Will Be A Boon For Payments

PYMNTS

Here’s the scoop: The Paris-based Financial Action Task Force (FATF), an organization that acts as the standard-setter for anti-money laundering (AML) standards around the globe, has issued a draft report that offers guidance on digital ID. The FATF report does not speak to enforcement, Cohen noted, but the group has a significant position in steering the world of payments and financial services. “It’s The timing seems about right.

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Deutsche Bank report sees mobile payments surge, but cash remains critical

Mobile Payments Today

A new report from Deutsche Bank says that mobile payment adoption will surge in the next five years, but cash will remain a critical part of many economies.

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Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward.

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Financial Apps Have Better Mobile Retention Rates Than Other Industries, Report Says

Bank Innovation

Neither video games nor dating nor shopping have a stronger pull, in terms of initial mobile app retention than financial apps, according to one report released by mobile app research firm Liftoff.

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Are You Using Your Credit Reports Illegally?

New York's State of Mind

I’m asking this question to highlight an enforcement action announced by the CFPB yesterday against several companies which, if the allegations are true, blatantly violated several sections of the Fair Credit Reporting Act (FCRA) by obtaining credit reports under false pretenses and passing them around like stewardesses pass out airline peanuts.

Ally reports strong deposit growth as it expands lending product suite

Bank Innovation

Ally Financial this week reported it’s continuing its winning streak in deposit growth. In a third-quarter earnings report, the bank reported total deposits of $119.2 billion, up 18% year over year.

Another Disappointing Monthly Jobs Report for September

Abrigo

This morning’s Employment Situation report from the Bureau of Labor Statistics for the month of September came in weaker than expected. It hasn’t been a great week for economic data releases, and today’s Employment Situation report continues that string of underwhelming news.

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Wirecard Files Suit Against FT Following Investigative News Reports

PYMNTS

German financial and payments company Wirecard has filed a lawsuit against the Financial Times for a series of articles the news organization wrote alleging misconduct and fraud in its accounting, Reuters reported. The company’s shares climbed 30 percent on the news of the report.

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Global Fintech Report Q2 2019

CB Insights

Report Highlights: Q2’19 fintech funding topped $8.3B, boosted by a record quarter of 25 $100M+ mega-rounds: Funding to VC-backed fintech companies grew 24% QoQ in Q2’19 and neared previously quarterly funding highs.

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REPORT: Adoption Of Instant Payments For Disbursements Has Quadrupled In Three Years

PYMNTS

This is just one of the questions PYMNTS set out to answer in the 2019 Disbursement Satisfaction Report , in collaboration with Ingo Money. To learn more about the forces driving the seismic shift toward instant payment adoption, download the report.

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Citigroup Fined $56M In UK For Regulatory Reporting Miss

PYMNTS

million for not completing accurate returns between 2014 and 2018, according to a report by Reuters. The regulator said the data it received from Citigroup was not acceptable, and the way the bank handled the reporting processes was not effective.

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Report: Rivals Funded Campaign To Battle Amazon

PYMNTS

While the group claimed to have grassroots support, it did not admit it has the backing of some of the main corporate competitors of the eCommerce retailer, The Wall Street Journal noted in a report. In June, a report surfaced that Amazon’s second-quarter revenue came in at $63.4

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The future of money (research report)

Chris Skinner

I just got a report from J Walter Thompson on the future of money and there’s some interesting facts and stats. Here are my headlines: 76% of millennials are looking for new forms of banking 40% of people in their twenties have downloaded a money management app 80% of millennials … The post The future of money (research report) appeared first on Chris Skinner's blog.

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NEW REPORT: Acing Overseas Tuition Receivables

PYMNTS

In the new Global Payments Architecture Report , PYMNTS covers the latest efforts to crack down on problems with late and non-payments in a variety of different industries. About The Report.

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July’s Employment Report Is Just Fine

Abrigo

2 Bureau of Labor Statistics Employment Situation report for July was about in line with expectations. It’s a fine, albeit unexciting, report. The post July’s Employment Report Is Just Fine appeared first on Abrigo. The Aug.

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New Internet Of Things Report Out

PYMNTS

That’s according to a new report out this week. . Which is why this report may seem like a no-brainer, but the important part is the impressive data. The new report covers the present situation compared to the potential growth of the IoT, taking into consideration the market size, as well as applications and services. Internet of Things america APAC EMEA IoT report TrackerFrom now until 2020, the global Internet of Things is expected to grow at a CAGR of 36 percent.

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On Capitol Hill, Credit Bureau CEOs Say Reporting Changes Are In the Air

PYMNTS

Executives from the trio that has come to dominate credit reporting — Equifax , Experian and TransUnion , of course — appeared on Capitol Hill and gave testimony before the U.S. Separately, TransUnion offered half a dozen recommendations to revamp reporting efforts.

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MoviePass Reportedly Temporarily Suspends Service

PYMNTS

With MoviePass suspending its service for “improvements” to its service, the end could reportedly be in sight for the movie theater subscription service. The offering went from having 3 million users in its ranks to approximately around 225,000 in April, CNBC reported.

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Report: The Late Tuition Payment Epidemic

PYMNTS

Among the findings outlined in the report: 50.5%: Share of supporters who rely on employment income to pay for tuition. Over the past three decades, the cost of college tuition has increased significantly.

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