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August Tech Layoffs Highest Since January

The Finance Weekly

Changing Tides The tech sector really took off during the COVID-19 pandemic, with companies hiring aggressively to keep up with the surge in demand for digital products and services. Pandemic Over-Staffing During the pandemic, many tech companies went on a hiring spree, believing the surge in digital demand would last.

AI 239
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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Increased reporting obligations: Monthly safeguarding returns to the FCA will be mandatory, providing the regulator with granular oversight of firms’ safeguarding practices. The requirement for monthly safeguarding returns and more frequent audits place an additional administrative load on firms.

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The Future of Financial Leadership: Aligning Operational and Strategic CFOs

The Finance Weekly

By identifying areas of opportunity for departments to increase return on investment and align with business goals, finance becomes a more effective partner to the rest of the organization. Though both have many of the same responsibilities, each type carries different expertise.

Finance 245
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Walmart Amazon Whole Paycheck Tracker: Adjusting To The New Normal

PYMNTS

Other stores will work exclusively on fulfilling online grocery orders as the coronavirus pandemic accelerates demand beyond capacity. Amazon said it is working on the problem and believes it will be able to report additional progress soon, as its operations better optimize to meet demands. “In How are things going?

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FedEx Int’l Priority, US Residential Volumes Fuel Strong Q2 Results

PYMNTS

The company said that those factors were offset, in part, by expenses to help with formidable demand and to grow services, pandemic-related costs and “variable compensation expense.”. billion in revenue on an adjusted (non-GAAP) basis. billion in adjusted revenue reported for Q2 fiscal 2020. FedEx reported on Friday (Dec.

Volume 105
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Defining “acceptable risk” in UK payments regulation

The Payments Association

UK payments firms are grappling with a critical question: What level of risk is acceptable in a market that demands both innovation and resilience? Firstly, balancing risk and return is crucial; higher returns often come with higher risks, but a broader appetite for calculated risk can yield strong results.

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Thomson Reuters Acquires SafeSend in Commitment to Help Tax Professionals Overcome Challenges

The Fintech Times

Founded in 2008, SafeSend says it automates the ‘last-mile’ of the tax return, including assembly, review, taxpayer e-signature, and delivery. SafeSend is a US-based cloud-native technology provider for tax and accounting professionals.