Crypto News 

IBM, Maersk launch TradeLens for supply chain digitization

“IBM Blockchain has tweeted that they have joined forces with transport and logistics company Maersk to launch TradeLens, a blockchain solution for transparency and real-time updates for supply chain management” writes Cecille De Jesus for coingeek.com. We built it from the ground up to serve every player in the global supply chain,” he wrote. “Now we can get parties collaborating who couldn’t before.Among those dabbling in similar ventures are Goldman Sachs, funding cloud-based supply chain company Tradeshift.In a Medium post, Michael White, the head of TradeLens, said that this is…

Read More
Markets News 

Millennials want more from property markets: Transparency, affordability, and digitization

“At treehouse, we provide what people are expecting more from the property market: transparency, affordability and digitization” writes Raz Iordache for venturebeat.com. Tellingly, the percentage of individuals living with their parents, for people born in different years, has increased by age with each successive generation: It’s no wonder then, that millennials are expecting more from the property market: transparency, affordability, and digitization.Mean house prices were 152 percent higher in 2015–16 than in 1995–96 after adjusting for inflation.The key reason for the decline is the sharp rise in house prices relative…

Read More
News 

We may have hit ‘peak trade’ even without Trump’s tariffs, economist says

“Paul Donovan, global chief economist at UBS Wealth Management, said Wednesday that President Donald Trump’s recently announced trade tariffs are not to blame” writes Natasha Turak for cnbc.com. “I don’t think that the modest taxes imposed by Trump are a driver of peak trade, at this stage.The world may have hit ‘peak trade,’ according to an expert who pointed to robotics, digitization and localization as major game-changers for the sprawling supply chains that have defined globalization.This reduces the ratio of trade to GDP. This is how supply chains will continue…

Read More
Crypto News 

Cryptocurrency is the next step in the digitization of everything — ‘It’s sort of inevitable’

“And Bitcoin and the digitization of money is just one aspect of that” writes Kara Chin for businessinsider.com. Silverstein: And why do you think that the digitization of money is the future?. Lex Sokolin, Autonomous Research’s director of fintech strategy, talks with Business Insider executive editor Sara Silverstein about the importance of cryptocurrency in our increasingly digital world.And we saw the effect of digitization is essentially your revenues go down 50% in the industry and then the remainder is all digital.And the same thing happened with retail, right?. Source: businessinsider.com Share This:

Read More
News 

There could be a multi-trillion dollar opportunity waiting in India, Morgan Stanley says

“India’s push to digitize has seen its economy undergo massive changes, but that presents a multi-trillion dollar investment opportunity as both tax compliance and access to credit increase, according to Morgan Stanley” writes Sri Jegarajah for cnbc.com. Still, as the Indian economy returns to a sense of normalcy, the country could be set to reap the benefits of those reforms.”The good thing with digitization, apart from bringing more cash into the economy … is credit,” Anil Agarwal, head of Asian financial research at Morgan Stanley, told CNBC on the sidelines…

Read More
News 

The Finance Department Knows It’s Slacking In Digital Transformation

“Nearly half (45 percent) said the finance department expresses resistance against digital transformation, and 39 percent agree that the finance department relies too much on manual processes that hold it back from embracing digital transformation” reports pymnts.com. Even the archaic fax machine is holding fast in the finance department, with almost 10 percent of invoices delivered this way, found Wax Digital.Expense management and budgeting, for instance, see some of the lowest levels of digital transformation.Key areas of corporate finance continue to lag in digital transformation, the report found. Source: pymnts.com Share…

Read More
News 

Why Suppliers Are Key For B2B ePayments Adoption

“Solutions like the B2B Payments Hub are designed to fuel the adoption of electronic B2B payments among corporates, he added” reports pymnts.com. But B2B payments are big business: The space is worth $25 trillion in North America alone.About half of B2B payment transactions, though, are sent via paper check, especially among middle-market payers.Now, Mastercard has announced the first bank to partner into its B2B Payments Hub, Fifth Third Bancorp, which will link its own corporate customers to the electronic corporate payments capabilities offered by the solution. Source: pymnts.com Share This:

Read More
Markets News 

A Global Approach To Local B2B Payments Digitization

“Digitization of B2B payments is on the rise, but the trend is challenged by discrepancies across geographic markets, according to the latest World Payments Report by Capgemini and BNP Paribas” reports pymnts.com. But, it is difficult to assess overall trends in the digitization of B2B payments across the globe, however, because Capgemini and BNP Paribas found broad discrepancies across geographic markets.But, despite the increased use of digital payments, cash remains king, especially for low-value transactions.Industry participants can prepare for uncertainties as the payments ecosystem develops by working with banks and…

Read More
News 

Boards Can’t Wait for CEOs to Prioritize Digital Change

“Boards members have to grasp the fundamentals of what it means to transform a legacy business to a digital one” reports hbr.org. Boards should own up to their responsibility in getting their companies across the digital divide.And as Peltz summarily stated, “You have to change with the times.” Here are five actions boards can take to help the CEO make the leap across the digital divide.And in some cases, boards may have to evaluate and refresh their composition – resisting the reality of digitization is a good reason to expedite…

Read More
News 

Investors bet $40M on Ripcord’s document digitization robots

“Ripcord will use the capital to scale up its document processing operation, which employs custom robots built specifically for digitizing paper records” writes Robert Hof for siliconangle.com. Ripcord has raised $49.5 million in funding to date.To pursue the opportunity, the startup today announced that it has raised $40 million in funding from a consortium led by prolific Silicon Valley fund Icon Ventures. Source: siliconangle.com Share This:

Read More