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Financial News
Pymnts
1w
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Apple Says Siri Data Used Only to Improve Voice Assistant
- Apple says Siri data collected is used solely for improving the product and has never been used for marketing or sold to others.
- Apple settled a privacy lawsuit by agreeing to pay $95 million.
- In 2019, Apple made changes to Siri's privacy protections after contractors were reported to have heard private interactions.
- The settlement requires Apple to permanently delete Siri audio recordings obtained before October 2019 and provide an explanation to users on how they can opt-in to improve Siri.
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Pymnts
1w
201
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Fed Banking Chief Michael Barr Announces Departure Ahead of Trump Arrival
- Michael Barr, the Federal Reserve’s vice chair for supervision, will step down in late February.
- The announcement comes two weeks before President-elect Donald Trump takes office.
- The Fed does not plan to tackle major rulemakings until Barr’s successor is confirmed.
- Barr's role included working with other regulators to ensure the strength of the banking system.
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TechBullion
1w
100
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What Every 4×4 Owner Should Consider When Choosing a Parts Supplier
- Choosing the right supplier is crucial for 4x4 owners.
- Consider variety and quality of inventory.
- Look for partnerships with reputable manufacturers and certifications.
- Ensure knowledgeable staff, exceptional customer service, and favorable warranties.
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Pymnts
1w
395
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Retailers Turn to Digital Tools to Manage Post-Holiday Return Surge
- Retailers are turning to digital tools and strategies to manage the surge in post-holiday returns, which have put significant financial and logistical pressure on the industry.
- Hannah Bravo, CEO of Loop Returns, says that digital tools such as virtual try-ons, return portals and QR codes help to create a streamlined return system.
- The rise of e-commerce has led to a mass increase in returns that has been a costly process for retailers, with each return requiring manual unpacking, checking and restocking.
- “Bracketing”, in which customers order multiple sizes or variations with the intent of returning unwanted items, has increased the return volumes significantly. Digital tools are being leveraged to simultaneously reduce returns while maintaining high levels of customer satisfaction .
- “Holiday returns hit new highs this year, especially in cosmetics and personal care,” said Bravo. “However, returns in the following days grew more slowly than last year, suggesting retailers’ efforts to reduce returns are working.”
- Many retailers are implementing digital portals that offer an array of return options for consumers, including designated drop-off locations, shipping label alternatives like QR codes and scheduled pickup of returns.
- The “buy online, return in-store” model is becoming popular, allowing customers to return products locally. Retailers also benefit; they have better control over the returns process and reduced logistical challenges.
- PYMNTS recently discovered that the primary reasons for post-holiday returns often stem from products not meeting expectations, such as wrong sizes, damaged items, delayed deliveries or discrepancies between online images and actual products.
- Retailers can leverage digital tools to combat these issues, providing customers with useful and accurate product descriptions and images while using accurate delivery tracking and notifications to prevent late shipments.
- Digital tools can help retailers optimise their return processes while also enhancing the shopping experience for customers, tackling the rise of bracketing and keeping costs under control.
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Pymnts
1w
307
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Visa and Qashio Partner on B2B Travel Payments Solution
- Visa and Qashio have partnered to launch a B2B travel payments solution in various regions.
- The Visa Commercial Choice Travel program aims to transform and digitize payments for travel agencies and management companies.
- Travel companies will be able to obtain Qashio cards and transact in multiple currencies.
- The solution integrates with global travel management companies and automates payments within the travel sector.
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Pymnts
1w
1.7k
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Apple’s CFO Transition Underscores Evolving Role of Back-Office Leadership
- Apple has announced a new CFO, Kevan Parekh, who replaces Luca Maestri.
- This transition highlights the evolving role of CFOs as they navigate a rapidly changing economic landscape driven by technological innovation, globalization, and stakeholder expectations.
- The CFO's role includes managing Apple's AI efforts and making strategic financial decisions to optimize global tax strategies and navigate currency volatility.
- CFOs across industries are increasingly focusing on financial agility, leveraging data analytics, and integrating AI tools to drive growth, agility, resilience, and operational efficiencies.
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Pymnts
1w
180
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Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
- Eltropy has acquired Lexop, adding collections technology to its unified conversations platform.
- The combination of Eltropy and Lexop technologies will help community financial institutions reduce delinquencies, collect faster, and enhance borrower experiences.
- The acquisition enables borrowers to make payments with two clicks on their phone.
- Eltropy's previous acquisitions have allowed the company to build a powerful unified platform that serves the needs of community financial institutions.
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TechBullion
1w
193
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Transform Your Smile: Hollywood Smile and Full Mouth Implants in Istanbul with Valuedent Clinic
- Valuedent Clinic specializes in transforming smiles with offerings like Hollywood Smile Istanbul and Full Mouth Implants Istanbul
- Their team of dentists provides personalized treatment plans for international patients seeking dental tourism in Istanbul
- Valuedent Clinic offers Hollywood Smile service to create radiant and symmetrical smiles using porcelain veneers
- They also provide Full Mouth Implant solutions for replacing missing or damaged teeth with durable and natural-looking implants
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TechBullion
1w
416
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Exploring the Vibrant Underwear Shopping Scene for Men and Women in Turkey
- Turkey has emerged as a significant player in the global apparel market, and its underwear segment for both men and women has seen substantial growth.
- Men's boxer shorts are a standout item in the Turkish men's underwear market known for comfort and affordability.
- The Turkish market also offers a wide variety of briefs, trunks, and boxer briefs catering to different sizes, materials.
- Women’s underwear is celebrated for its blend of elegance, comfort, and innovative design. From everyday essentials to luxurious lingerie, the options available in Turkey cater to diverse preferences and occasions.
- Penti, Oysho, and Ipekyol are the leading brands in the Turkish women's underwear market
- In Turkey, men’s pajama sets are designed to provide maximum comfort during rest while maintaining a stylish appearance.
- The digital revolution has significantly influenced the underwear shopping experience in Turkey; online platforms have made it easier to explore options from home.
- The convenience of online shopping is complemented by frequent sales, discounts, and exclusive online collections.
- Many Turkish brands are now incorporating eco-friendly materials and ethical production practices in their product lines.
- Retailers are using technology to offer customized recommendations based on individual preferences and purchasing history.
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TechBullion
1w
256
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The Role of AI Agents in Revolutionizing Procurement: Unlocking Efficiency and Strategic Value
- The adoption of AI agents in procurement is reshaping how organizations manage sourcing, supplier relationships, and spend analysis.
- AI agents are transforming procurement into a proactive function by automating workflows, learning from data, and making decisions with minimal human intervention.
- Zycus' Procure-to-Pay (P2P) software automates procurement workflows, resulting in significant time and cost savings while maintaining compliance.
- Zycus' suite of AI-driven procurement solutions, including Procure-to-Pay, Merlin Intake, and Source-to-Pay, empowers organizations to enhance operational efficiency and unlock strategic insights.
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15 Likes
TechBullion
1w
4
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The Guide to Transaction Monitoring Software
- Transaction monitoring software has emerged as a pivotal tool for businesses, especially in the financial sector, to detect and prevent illicit activities.
- These specialized applications analyze financial transactions in real-time, using advanced algorithms and data analytics to identify patterns of money laundering, fraud, or other financial crimes.
- Transaction monitoring software offers a scalable solution that can handle large datasets and provide accurate insights, making it important for modern businesses dealing with digital banking and online financial services.
- Choosing the right transaction monitoring software requires considering factors such as compliance, business needs, and scalability to protect your business and build trust with customers.
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Pymnts
1w
395
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Finastra Names Chris Walters as New Chief Executive
- Chris Walters, a veteran of financial services firms like Avantax, has been named the new CEO of Finastra.
- Walters brings extensive experience and success in driving innovation and scaling technology companies.
- He replaces Simon Paris, who led the company for nearly a decade and oversaw the formation of Finastra through the merger of Misys and D+H.
- Finastra has over 8,000 clients in 130 countries and is focused on the trend of open banking, where individuals have control over their financial data.
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Medium
1w
281
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Navan Expense CEO Michael Sindicich: A Landmark Brex Partnership and Unpacking Business Travel
- Navan Expense CEO, Michael Sindicich, discusses the landmark partnership with Brex called BrexPay for Navan.
- The partnership integrates Brex cards into Navan's travel management software, enabling automated travel payment reconciliation.
- Customers can activate local currency cards for global subsidiaries, saving time and avoiding FX fees.
- Insights from Navan's State of Corporate Travel and Expense report are also discussed.
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TechBullion
1w
58
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Seeking a creative digital agency in athens: The one stop solution
- iArk Boutique Digital Agency, based in Athens, is a premier digital agency offering a comprehensive suite of services tailored to meet the diverse needs of businesses in the digital realm.
- With over 15 years of experience in web design and development, iArk is renowned for its clean-cut, minimalistic designs that reflect the client's brand identity and provide an intuitive user experience.
- They offer all-in-one web development solutions including fast hosting, responsive designs, and SEO-friendly structures to enhance visibility on search engines.
- iArk specializes in creative social media marketing, providing comprehensive management services across various platforms to effectively engage the target audience and boost brand awareness.
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TechBullion
1w
315
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Bench’s shutdown disrupts 11,000+ SMBs’ operations with tax season imminent
- Bench, an online bookkeeping service for small businesses, has announced the closure of its business operations, leaving thousands of SMBs in a state of panic.
- Bench, which had over 35,000 clients and added integrated banking services in 2021, abruptly shut down just before the tax season.
- Customers were informed that their records would be available for retrieval on a designated portal for 10 weeks.
- With Bench's sudden closure, SMBs are now faced with the challenge of finding new bookkeeping services and ensuring the security and access to their financial records.
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