SMBs reverse job slump, Ingo Money announces Kabbage deal, and CivilisedBank gives up banking license.
| | | | BUSINESS TO BUSINESS EDITION | | When Cyberattacks Hit, Corporates' Tech Investments Only Go So Far Experts believe the recent data breach at Saks and Lord & Taylor is linked to an employee falling for a phishing scam. The fiasco highlights a growing problem in enterprise cybersecurity: The latest-and-greatest technologyâ in which companies are investing billions of dollars today, only goes so far to protect an organization when an employee opens the doors to hackers. New research from IBM finds human error is quickly becoming the top factor behind cyberattacks and data breaches, and the company has a warning for corporates: Educate your staff. |
| More Tech Means More Money For Small Biz Accountants The initial fear was that technology and automation would negate the need for human accountants. It's becoming increasingly clear, however, that as small businesses demand more tech-savvy accountants with advisory capabilities, technology can be a lucrative friend to SMB accountancy practices. Xero's latest report puts a price tag on the link between technology and revenues for SMB accountants. |
| | Push Payments | | Ingo Powers Instant SMB Loan Payouts For Kabbage Kabbage will announce today that its SMB customers will have loan proceeds pushed to them within minutes of approval via their new partnership with Ingo Money. Lisa McFarland, Ingo EVP and chief product officer at Ingo Money, and Kathryn Petralia, Kabbageâs president, briefed PYMNTS on what it means for SMBs, and the business lending landscape more broadly. |
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