Source: PYMNTS A research firm has discovered that the number of material accounting mistakes made by U.S. public companies has gone up this year. Massachusetts-based Audit Analytics looked at disclosures from more than 9,000 U.S.-listed companies since 2005, finding firms that had to reissue their financials due to errors. While the number of mistakes has […]
Continue Reading
Source: PYMNTS The late payments spotlight shines again on the United Kingdom, where the struggles continues for smaller firms to manage cash flow as larger firms hold back payments – or do not pay at all. Even as lingering effects of the Carillion bankruptcy – where the construction industry juggernaut owes 800 million pounds to […]
Continue Reading
Source: Mark Jones, Blockchain Technology News The Dubai government’s department of finance has partnered with Smart Dubai to launch a blockchain-based payment system to handle transactions “accurately and in real time”. It forms part of the government’s mission to become the first “blockchain-powered” government by 2020. It’s currently working with IBM, Consensys and Smart Dubai’s […]
Continue Reading
Source: PYMNTS New research shows that more than one-third of fleet professionals would prefer a single card to make their business travel easier. Allstar Business Solutions, which polled more than 1,000 SME workers, has also found that business expenses are causing financial stress for U.K. workers. In fact, 57 percent say they have endured financial […]
Continue Reading
The French government is reportedly aiming to widen the legal framework for all crypto market participants by the end of September. The French government is reportedly planning to provide a legal framework for all “digital assets” providers, local news agency LesEcho.fr reported September 21. Three members of President Emmanuel Macron’s party, La République En […]
Continue Reading
Source: PYMNTS Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal (WSJ) reported Friday (Sept. 21). Unnamed sources told the publication that DST Global is set to lead the firm’s next funding round, which could push its valuation to $1 billion. Brex, founded by two Brazilian entrepreneurs, emerged […]
Continue Reading
Source: PYMNTS In the latest research of small business lending trends, researchers have found evidence to be optimistic. Across the U.S. and U.K., it appears access to bank loans is easing, with most SMBs able to obtain a bank loan. Yet across Europe, a massive SMB funding gap remains, analysts warn. The research also offers […]
Continue Reading
Source: Marie Huillet, CoinTelegraph The Winklevoss twins’ crypto exchange Gemini is eyeing entrance into the U.K. market, according to a new report from the Financial Times. Tyler and Cameron Winklevoss, creators of U.S..-based cryptocurrency trading platform Gemini, are looking to expand the platform to the U.K. market, sources told the Financial Times (FT) September 24. […]
Continue Reading
Source: PYMNTS There are few participants in the American healthcare system that offer rave reviews of its payment process. Providers (doctors, hospitals, etc.), payers (insurance companies) and members (patients) all offer different perspectives on what’s really wrong – but all agree that if healthcare payments was a patient, it would be flatlining. Getting everyone to agree that something’s wrong […]
Continue Reading
Source: PYMNTS Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation in payments and commerce. Still, even in this digital world, where everyone and everything is connected via mobile, going global can be tough for a company looking to expand its operations […]
Continue Reading