Fraud and cybercrime have been a concern for corporate treasurers for several years, and this past year showed us that there is a new risk to consider: connectivity. The stories of banks being hacked and losing millions through unauthorized payments shook the industry, since protecting payment connectivity workflows was low on the priorities list for treasury.
While unfortunate for those involved, there are valuable lessons to be learned for the rest of us in treasury:
Over 40 years ago, ATM machines were introduced and since then there have been remarkable modifications done to the machines, in order to accomplish the needs and dreams of users. ATM machine works as an automated teller; additionally today’s modern ATMs provide a large number of baking transactions! Nevertheless, to humanize the machine, a lot of upgradation was implemented on the unmet needs.
First of all, I would like to thank the many readers that in the last two months since launch of "FinTech Innovation: from Robo-Advisors to Goal Based Investing and Gamification (Wiley, 2016)" have shared their pictures, public comments or sent private emails to discuss the content of this thought leadership work.
"FinTech Innovation" develops on three pillars the concept of personalisation of personal finance:
J. M. Keynes had already imagined central bankers as orthodontists, intervening with humble fiscal and monetary policy to optimise the dynamics of the economy at large:
“If economists could manage to get themselves thought of as a humble, competent people, on a level with dentists, that would be splendid.”
Industry barriers are increasingly fading away, and established industry players have gone into new areas. No longer can one company alone provide the experience consumers expect, which has led to the emergence of business ecosystems. Companies in the financial services sector have great potential for gaining strong positions in their ecosystems — but first they need to capture a bigger slice of each customer’s life, or they risk losing their current business to other companies that will.
Yello has announced a new partnership with Alcinéo in order to bring their integrated, first of its kind, customer experience and payments platform, YelloPad, to market sooner.
The YelloPad product seeks to change the way payment terminals around the world work. Yello designed the platform to benefit a wide range of industries including retail, hospitality, healthcare and loyalty.
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B. Riley & Co., LLC (B. Riley), a full service investment bank and a wholly-owned subsidiary of B. Riley Financial, Inc., acted as a joint book-running manager in the underwritten public offering of 2.5 million shares of common stock of Red Lion Hotels Corporation (RLHC), which includes the full exercise by the underwriters of their option to purchase an additional 249,999 shares.
RLHC priced the 2.5 million shares of its common stock at $8.00 per share resulting in gross proceeds of approximately $20 million. The offering closed on December 20, 2016.
TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCB), today announced that it raised more than $50,000 for Make-A-Wish Minnesota. Donations were accepted at all 98 TCF Bank branches in Minnesota and collected during team member fundraising events. During the past two years, TCF Bank customers and team members donated more than $150,000 to the
The unanticipated election of Donald Trump to the U.S. presidency has boosted trading volume and volatility in currencies, and many see an opportunity to generate profits that has eluded them for several years.
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