first_imgSAN FRANCISCO–Injuries have robbed the Giants of several key contributors throughout the season, but Joe Panik is the first position player to be sent to the disabled list for two separate ailments.Manager Bruce Bochy said Panik was diagnosed with a “mild-to-moderate” groin strain while trainer Dave Groeschner said the injury could leave the club without one of its starting infielders for the next three weeks.Panik arrived in the clubhouse Tuesday and said he’s still sore after injuring …last_img read more


first_imgThe Top 5 Issues Faced by Futurists Tags:#Apple Pay#PayPal#Venmo What it Takes to Build a Highly Secure FinTech … Related Posts Reuben Jackson Ruben is a blockchain security consultant currently living in New York City. He helps organizations fundamentally redesign experiences to create new sources of value also digitally reinventing company’s operations for greater efficiency. The Rise and Rise of Mobile Payment Technology Finance is a central tenet of business and a pillar upon which any successful company stands. After all, the point of capitalism is to create organizations which not only do something useful but those which ultimately monetize their plans and bring value to shareholders. Many economic ideas exist to help businesses launch, grow, measure, and manage themselves. The introduction of new technologies for the finance sector has, therefore, had an appropriately uplifting effect on business. This trend has accelerated with increasing intensity, and businesses today are looking at a drastically different environment than they were just a decade ago.From lending to payrolls, fintech — the intersection of finance and technology—has revolutionized the traditional landscape of payments and changed the lives of business owners in various ways. This innovation explosion has led to massive proclamations and ambitious new projects, but the real impact is felt mostly on a smaller scale. New digital financial platforms lighten the load for small- and medium-sized businesses primarily, helping them focus on honing their product or service rather than juggling financial loose ends or wasting precious resources on runaway financial management. Agile lending makes SMBs bloom.Banking is by far the most adjacent of the many financial disciplines to business as banks represent the traditional template by which a new company comes to be (if it needs to source working capital). However, banks are being challenged by a new breed of leaner, digitally enabled fintech firms which can offer smaller businesses a faster and more cost-effective path to funding. Helped by new regulations like the MiFID II and GDPR, banks are mandated to “open the books” on customers’ financial data to create safer and faster flows of information. The new regulations have also created opportunities for upstart digital lenders, practiced in advanced data science and AI techniques, to better mobilize customer information and therefore pass them greater cost savings. Online-only lenders are part of a trend called LaaS—or Lending as a Service—which uses cutting-edge technology to identify patterns in customer financial behavior automatically and to match them with a loan that has terms fitting their individual needs.Traditional lenders typically look at over 20 data points when determining how creditworthy an applicant is and letting an algorithm make these decisions result in a process to mere seconds rather than days or even weeks. Based on qualifiers that customers input and verify via thorough yet quick online applications, LaaS leaders have enabled access to money for SMBs and torn down the more significant obstacles that the financial crisis erected in the way of these loans.Operations optimized with fintechOnce a business is up and running, fintech helps to keep the momentum moving forward as well. The average small company must manage countless financial ideas as it grows: payroll, payments and invoicing, pensions and wealth management, supply chain logistics and much more. Thankfully, the digitization of services has meant that any small company can build a stack of fintech platforms that can scale with it as it grows. Managing payrolls, for instance, is a high-overhead process that becomes much more complicated as a business adds employees.Several online companies have deployed a range of technologies to their platforms which assist businesses to exercise better control over their payrolls. This idea gets expensive and unruly as a business expands, and negligence in organizing salaries can mean compliance violations (which vary by country), budgeting mistakes, taxation problems and other costly issues. These outside payment companies have available data points and can achieve your goals from your automated payroll, real-time. Most will even help you with payroll to your global workforce. Armed with these insights from a financial company, employers can reduce payroll inputs significantly and optimize their hiring and retention practices in all their various geographies as well.Opening new payments portalsFintech’s role has also been to make payments for goods and services faster, easier, more convenient, and more cost-efficient for customers who choose to pay with a wider array of methods that now include cryptocurrency, loyalty points, and other digital cash alternatives. Whether online or in person, a business shouldn’t be turning away customers based on how they want to relinquish their money, so companies like Square and Stripe have created innovative, ultra-portable Point-of-Sale systems that take minutes to set up. They can instantly read and process touchless payments like Apple Pay, but also credit cards, and even some mainstream cryptocurrency wallets.Consumer-focused fintech solutions usually make payments a priority, because this is the area where customers want the greatest flexibility. Businesses are able to answer this demand if they use various payment solutions like Venmo, Paypal, and many others which acts as a middleman that immediately pays retailers. Fintech platforms are delivering more convenient and cheaper solutions across a large range of payment channels and radically redefining how money moves from customers to businesses.A core concept to any new fintech product is transparency, and though it’s difficult to tell if transparency is the result of fintech’s onset or the catalyst which began it all, there is no arguing that it’s healthy for consumers. Businesses that deploy a well-balanced assortment of fintech solutions can reach wider audiences, lower their costs, and discover key insights using the data available in this more transparent environment—a rising tide that lifts all boats in industries both near to and far from finance. 6 User-Interface Musts for Personal Finance Appslast_img read more


first_imgAll India Congress Committee’s Punjab in-charge Asha Kumari on Tuesday sought a report from the party’s State unit over the face-off between Chief Minister Amarinder Singh and his Cabinet colleague Navjot Singh Sidhu. Mr. Sidhu is under fire from his own party leaders after during electioneering he questioned as to why no FIR was lodged against the Badals for the desecration of religious texts in 2015. “We seek a report on every event, and in this issue too a report has been sought from the PCC,” Ms. Kumari said. She said the State party chief Sunil Jakhar, who is seeking re-election from Gurdaspur, will give the report once he is free from the election process after the declaration of the results.Captain Amarinder on Sunday had accused Mr. Sidhu of “damaging” the party in the State and suggested that he wanted to be the CM himself.Support for CM Meanwhile, more party leaders came out in support of the Chief Minister. “Amarinder Singh is an undisputed leader of Punjab. There are many facets to his personality,” said former Union Minister and party leader Manish Tewari. He praised Capt. Amarinder as a “protector of Punjab’s waters”, a writer, an able administrator who has a mass appeal. Jails Minister Sukhjinder Singh Randhawa also hit out at the Local Bodies Minister, saying, “Making such a statement during elections meant directly helping the Badals.” He added that Mr. Sidhu should know that it was Amarinder Singh who fought against the Badals and ensured the Congress victory in the 2017 Assembly polls. “In the 2017 Assembly polls, the Congress came to power in Punjab with an overwhelming majority as people voted in Amarinder Singh’s name. The party high command is with the Chief Minister. Our party has never tolerated indiscipline,” Mr. Randhawa said.Mr. Randhawa also alleged that when Mr. Sidhu’s wife, Navjot Kaur, was a BJP MLA, she never spoke on the desecration issue.‘Unease in ranks’ Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri, who is the BJP’s Lok Sabha candidate from Amritsar, took a jibe at the Congress, saying, “All along the campaign, one could sense unease in their ranks.” “Now the cat is out of the bag,” he tweeted.last_img read more