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How business credit scores differ from personal credit scoresWhile business and personal credit scores share some similarities, such as their impact on your borrowing power, they don't perfectly align. Business credit scores are based on underlying business credit reports that track loans, credit lines, business credit cards, and other business borrowing activity to help lenders and business partners understand how risky the underlying business is when it comes to credit. Just like there are three credit bureaus that track consumer credit scores, there are multiple companies that track business credit scores. Free business credit scoresNav: Nav offers free business credit scores and business credit reports with a paid subscription available that includes additional reports. Keeping business credit card and line of credit balances low is good for your business credit.

Persons: Dun, Bradstreet, Experian, FICO, & Bradstreet, Dun & Bradstreet Organizations: Small Business Administration, SBA, &, Chevron Locations: Dun, Experian, Chevron, Equifax

☆ Citi has 12,000 employees dedicated to pleasing regulators and fixing the bank's broken tech. It is going terribly.
▼ + stars: | 2024-07-11 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In hopes of regaining compliance, CEO Jane Fraser bulked up a firm-wide initiative to overhaul the bank's technology. The head count for the so-called "Transformation" program has soared to 12,000 from some 3,000 since 2021, according to earnings reports. Citi's technology shortcomings are old news, according to Wells Fargo analyst Mike Mayo. Kathleen Martin, former interim data transformation chair, is suing the bank and Anand Selvakesari, the bank's chief operations officer who oversees Transformation.

Persons: —, Jane Fraser bulked, Wells, Mike Mayo, Mayo, Fraser, We're, We've, Jane Fraser, SAUL LOEB, Janney Montgomery Scott, Timothy Coffey, Kathleen Martin, Anand Selvakesari, Martin, Selva, Hayley Cuccinello Organizations: Service, Citigroup, Citi, Business, Federal Reserve Board, Revlon, OCC, Citi —, Federal Reserve, Reuters Locations: Wells Fargo, United States, Selva, hcuccinello@businessinsider.com

☆ Twitter now directs to X.com in the latest step in Musk's rebrand of the platform
▼ + stars: | 2024-05-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Elon Musk just took the next step in rebranding Twitter as X.Twitter.com now redirects to the X.com domain. Musk has had a fascination with using the letter X for his businesses dating back to at least 1999. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSocial media users trying to access Twitter may notice something different today: Typing in Twitter.com now redirects to the X.com domain. Platform owner Elon Musk confirmed the change in a post early Friday morning, saying, "All core systems are now on X.com."

Persons: Elon Musk, — Organizations: Twitter, Service

☆ UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom
▼ + stars: | 2024-05-01 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +5 min

Change Healthcare provides payment, revenue management and other solutions like e-prescription software. UnitedHealth told CNBC in April that it paid a ransom to try and protect patient data. Its business unit Optum — which provides care to 103 million customers — and Change Healthcare — which touches one in three patient records — merged in 2022. Committee Chairman Sen. Ron Wyden, D-Ore., said in his opening remarks that the Change Healthcare breach serves as a "dire warning about the consequences of too-big-to-fail mega-corporations." Sen. Michael Bennet, D-Colo., pressed Witty to share how UnitedHealth is working to ensure something like the Change Healthcare breach will not happen again.

Persons: Andrew, UnitedHealth, Sen, Ron Wyden, Wyden, Thom Tillis, they're, Tillis, Blackcat, Michael Bennet Organizations: Senate, Capitol, U.S ., Finance, UnitedHealth, Healthcare, CNBC, U.S . Securities, Exchange Commission, U.S . Department of Justice Locations: Washington , DC

☆ 3 podcast episodes to help you be more productive today—including 1 that'll increase your productivity by 90%
▼ + stars: | 2023-11-11 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

Looking online for productivity hacks, though, you'll find lots of advice on screen blockers and apps that help you multi-task or focus. Here are three podcast episodes that detail expert-recommended systems you can implement today that will help you get more done. He suggests four interdependent tools that will help you be more productive: Have a calendar you update diligently. In the episode, Newport expands on how best to utilize these tools and why, together, they can improve your productivity. '1-3-5 Rule That'll Increase Your Productivity by 90%' on Bright Side

Persons: Andee Tagle, Oliver Burkeman, Burkeman, Cal Organizations: Management, Cal Newport, Georgetown University Locations: Newport

A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Google's vice president and general manager of ads, Jerry Dischler, acknowledged that Google earned more than $100 billion in 2020 from search ads. GOOGLE'S DEFENSE NO. GOOGLE'S DEFENSE NO. GOOGLE DEFENSE NO.

Persons: Eric Gaillard, Sundar Pichai, Kevin Murphy, Apple, Joshua Lowcock, Jerry Dischler, Eddie Cue, Bing, John Schmidtlein, Google's, Jennifer Fitzpatrick, Diane Bartz, Marguerita Choy Organizations: REUTERS, U.S, Google, Justice Department, Verizon, Samsung, University of Chicago Booth School of Business, Microsoft, UM Worldwide, Nokia, Bing, GOOGLE, Core Systems, Thomson Locations: WASHINGTON

☆ Citadel is rebuilding a core tech platform to transform how the hedge fund uses data. 2 tech leaders take us inside the multi-year project.
▼ + stars: | 2023-08-22 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Citadel is completely rebuilding a new platform for all of the hedge fund's reference data. The platform is currently being rolled out and will let the fund move into new asset classes faster. Now, the migration to a new reference-data platform is underway. With the new solution, Citadel says, it will be able to move into new asset classes much faster. With the new platform, Citadel can respond when new asset classes come into the market.

Persons: Rituraj Deb Nath, Deb Nath, Robert Tan, Tan, It's, Goldman Sachs, There's Organizations: Citadel, Citadel Securities, Google, Bank of America

☆ Ken Griffin's Citadel is rebuilding one of its most critical platforms. Here's an inside look at the project.
▼ + stars: | 2023-07-06 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

The platform is currently being rolled out and will let the fund move into new asset classes faster. Now, the migration to a new reference-data platform is underway. With the new solution, Citadel says, it will be able to move into new asset classes much faster. With the new platform, Citadel can respond when new asset classes come into the market, like cryptocurrencies or collectibles. "It's critical for our systems to accommodate growth in various asset classes and support the ever-increasing crossover between them," Tan said.

Persons: Rituraj Deb Nath, Deb Nath, Robert Tan, Tan, It's, Goldman Sachs, There's Organizations: Citadel, Citadel Securities, Google, Bank of America

☆ Australia's Perpetual says 'tech outage' affected some funds in cyber incident
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

June 21 (Reuters) - Australian Perpetual (PPT.AX) on Wednesday confirmed an extended tech outage over an IT security incident, affecting some of its funds, though the fund manager reaffirmed that all its client investments and its own systems were unaffected and secure. "Perpetual's listed products, institutional mandates, Pendal, Perpetual Corporate Trust, Perpetual Wrap clients, and all of our international asset management businesses are not affected," a Perpetual spokesperson said. In Perpetual's case, one of its third-party unit registry systems was compromised, impacting clients' access to its main investor login portal myPerpetual, the company said in a statement. The outage impacted about 45,000 clients and was limited to its Asset Management and Wealth Management divisions' Investment Funds, WealthFocus, and select products distributed in Australia, it added. Reporting by Roushni Nair in Bengaluru; Editing by Varun H K and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Pendal, Roushni Nair, Varun Organizations: Wednesday, Trust, Medibank, Asset Management, Wealth Management, Investment Funds, Thomson Locations: Australia, Bengaluru

☆ Crypto Giant Binance Offered Perks to ‘Flash Boys,’ Regulator’s Lawsuit Says
▼ + stars: | 2023-03-30 | by ( Alexander Osipovich | ) www.wsj.com time to read: 1 min

A regulator’s lawsuit against crypto exchange Binance Holdings Ltd. has shed light on the secretive role of high-frequency traders in crypto and how Binance sought to curry favor with such big-ticket customers. The Commodity Futures Trading Commission’s lawsuit, filed Monday, shows that Binance ran a “VIP” program for big trading firms that gave them various perks including slightly faster access to the exchange’s core systems than other customers enjoyed.

☆ Guitar Center Details Cloud Move
▼ + stars: | 2023-01-20 | by ( Belle Lin | ) www.wsj.com time to read: +4 min

Guitar Center Chief Technology Officer Ravi Balwada Photo: Guitar Center Inc. Such downtimes can result in losses of more than $5 million for retailers like Guitar Center, Mr. Balwada said. Guitar Center had filed for bankruptcy in November 2020, citing Covid-19-related store closures and looming debt maturity, and emerged from bankruptcy in December of that year. Guitar Center has also reduced its cost per transaction by about 1.5% and increased its online shopping conversion rates by an estimated 1.6%, Mr. Balwada said. PREVIEWMr. Balwada said he aims to more fully integrate Guitar Center’s offerings so that customers are interacting with a single, common platform that is built on Oracle’s cloud.

☆ The technology challenges CEOs view as opportunity and threat in a post-Covid economy
▼ + stars: | 2022-12-19 | by ( Bob Violino | ) www.cnbc.com time to read: +6 min

One challenge CEOs see is that emerging and disruptive technology is both an opportunity and a threat. CEOs said their organizations need to be quicker to shift investments to digital opportunities and divest in those areas where their organizations face digital obsolescence. Addressing employee burnoutAnother issue CEOs said their organizations need to address is pandemic-related employee burnout from accelerated digital transformation over the past two years. "I think that there is some truth to the state of fatigue brought on by the need to quickly adopt remote work-related technology," Clark said. Rather than focus on the "right technology," organizations should aim to deploy the right mix of technology, Carande said.

☆ How OneSchema, a Y Combinator-backed data-importing startup, raised $6.3 million from Sequoia and General Catalyst without a pitch deck
▼ + stars: | 2022-11-16 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +3 min

Here's how OneSchema raised $6.3 million from General Catalyst and Sequoia without a pitch deck. Luo's experience inspired him to start OneSchema alongside his cofounder, Christina Gilbert, to try to streamline the data-importing process for companies. The startup recently raised a $6.3 million seed round led by General Catalyst with participation from Sequoia Capital, Y Combinator, Elad Gil, and Contrary Capital. Because of inbound investor interest, OneSchema was able to raise its seed round without a pitch deck, Gilbert told Insider. A decade ago, many might have argued that OneSchema's focus would someday become obsolete because of the development of automated methods to transfer data, Gilbert told Insider.

☆ This Y Combinator-backed startup wants to transform how hotels manage guests. Check out the 21-slide pitch deck Canary Technologies used to raise $30 million.
▼ + stars: | 2022-10-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Canary Technologies has raised $30 million to overhaul the way hotels manage guests digitally. The startup's platform is used by global brands such as Radisson Hotels and Best Western. Check out the 21-slide pitch deck it used to raise the Series B round below. The startup's tech is used by brands such as Radisson Hotels, Best Western, and Four Seasons. Check out the 21-slide pitch deck it used to raise the funds below:

☆ I make 6 figures a year as a freelance virtual assistant. Here are 3 things that help me work smarter and faster.
▼ + stars: | 2022-07-05 | by ( Robin Madell | ) www.businessinsider.com time to read: +9 min

Hannah Dixon is a freelance virtual assistant and coach who juggles a lot of different projects. When I was starting out as a freelance virtual assistant, I juggled a lot of clients with very different projects and very different deadlines. An online Mastermind group is a collection of people who are working toward similar goals but bring different expertise to the table. I joined my first Mastermind group about a year and a half into my freelance career. Are you a successful virtual assistant with a story to tell?

Business credit scores are based on underlying business credit reports that track loans, credit lines, business credit cards, and other business borrowing activity to help lenders and business partners understand how risky the underlying business is when it comes to credit. Just like there are three credit bureaus that track consumer credit scores, there are multiple companies that track business credit scores. Here are some of the major business credit score models you may come across:Dun & Bradstreet PAYDEX: The PAYDEX score from Dun & Bradstreet is one of the best-known business credit scores. How to find your business credit scoreBusiness owners can tap into both free and paid services to get access to business credit information. Free business credit scoresNav: Nav offers free business credit scores and reports with a paid subscription available that includes additional reports.

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