We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Financial institutions and tech companies have invested in blockchain or consortia-based blockchain projects to transform payments, clearing, and settlements (PCS), including how funds are transferred and how securities, commodities, and derivatives are cleared and settled. One consortium, for example...
The fight between Walmart and Amazon - one of the hottest stories in the retail industry - is only getting juicier, and Walmart's Q2 results offer proof. Walmart, the world's largest retailer, saw its shares surge 10% on Thursday as Walmart U.S., more than three-fifths of the company's total business, posted...
When infighting and resignations threaten to tear apart the startup you've backed, most investors would chalk up the loss and move on. Not so for Jamie Burke. When Burke's Outlier Ventures made its first public token investment last year in IOTA...
Jeff Bezos has made headlines around the globe as the richest man in the world-and the first to top a Forbes list with a net worth over $100 billion. As of Thursday, he's worth nearly $156 billion. That's thanks to Amazon's sky-rocketing stock and a worldwide shift toward buying more things online. But the heirs of Walmart founder Sam Walton together are...
Love it or hate, the biggest companies in the world just can't ignore blockchain any longer. The distributed ledger technology that first let owners of the bitcoin cryptocurrency exchange value without a bank has forced its way into the research and development halls of the ten largest companies in the world. Based on...
There were 18,000 commercial banks and savings institutions in the U.S. in the mid-1980s, but 35 years of massive consolidation and nearly 3,000 bank failures have cut the total by 70%. With the proliferation of online banks, it is even more important for local banks to demonstrate their advantages in regards to customer service, accessibility and financial advice. With this in mind...
For the average individual or small business, a ?500,000 ($660,000) fine would be catastrophic. But for Facebook, it's pocket change. Such was the proposed punishment thrown by the U.K.'s Information Commissioner's Office (ICO) at the social network over its handling of data in the Cambridge Analytica fiasco. It was...
Nine-figure health claims are becoming the norm rather than the exception. In fact, the number of million-dollar-plus medical claims has risen 87% in the past four years, according to Sun Life Financial's 2018 High-Cost Claims Report. The Sun Life report analyzed self-insured plans, but the trend affects plans of all stripes...
Heads up: Poor contracting could be costing you thousands - or even millions - each year. So asserts Praful Saklani, CEO of Pramata, a tech company with the first B2B app to digitize the data trapped in contracts and business systems. There's plenty of it trapped. On average 3%-5% of a company's revenue is leaked annually due to errors and process gaps. That's too high a price for any business to pay. Fortunately...
For some rogue staffers, lifting office supplies or seeking reimbursement on a few minor "non-business related" charges is mere child's play. Here are seven of the most over-the-top examples that we could find of in-house theft and employee fraud...
When the High Court ruled in favor of a baker who refused to put together a wedding cake for a same-sex couple because of his religious beliefs, it made national news - and put employers everywhere in a tricky spot regarding free speech. It also left things pretty open-ended on the issue...
I have yet to enter a turnaround situation that I didn't hear the owner or CEO or the board say that the answer to all of their problems is more money. While in some cases this is a real need, it is seldom the systemic problem within the company. Chances are that they have some work to do. Needing 'dollars' is one thing...
This year is the 50th anniversary of one of the most catastrophic mergers in history - the merger of two very large railroad companies, the New York Central and the Pennsylvania Railroads. Already powerful, the two combined were...
As parental leave policies are becoming increasing popular, HR pros need to keep this in mind: Not giving new fathers the same type of leave as new mothers to bond with a newborn or newly placed adopted or foster child can prove very costly. That's a lesson Estee Lauder learned recently in...
Do you ever wonder what your peers are paying for software solutions? How about a particular brand they're using? The 2018 Business Intelligence Pricing Guide shares the latest in market research on pricing for software systems. Download this guide to learn the following...
A Kansas couple says Bank of America blocked access to the account they've had with the bank since the early 2000s after they ignored a form demanding proof of citizenship from the husband, who happens to be a native of Wichita. Josh Collins and Jessica Salazar Collins say they assumed...
In 2007, Warren Buffett bet a million dollars that an index fund would outperform a collection of hedge funds over the course of 10 years. This week he won that bet, but the big winner in the wager is a charity called Girls Inc. When he placed the bet a decade ago...
Opera, an underdog in a browser market dominated by Google's Chrome, raised $115 million in an initial public offering Friday. The company sold 9.6 million American depositary shares at $12 each, the high end of the $10-to-$12 range it expected for the IPO. When the stock started...
Knowledge@Wharton: How did Girls Who Invest get started?
Janet Cowell: It was founded by a friend of mine, Seema Hingorani. She was with the New York City [retirement system] and interviewing money managers to manage money for that fund. She realized...
It's been more than a decade since Amazon launched Elastic Compute Cloud and forever changed how businesses consume compute resources. Over the years, the popularity of cloud computing has continued to grow. That's because...