https://trustedcfosolutions.com/feed/

MARCH 30, 2023

Your accountant is the unsung hero who supports you through all the ups and downs of your financial journey. But even the most experienced accountants face their own set of challenges, especially when it comes to the monthly close. It will keep you organized and accountable during the accounting period and month-end close.

Leverage 62

Leverage Financial Data Accounting Communication 62

Corporate Finance Lab

MAY 12, 2022

Systemic risk, in turn, is “a risk of disruption to financial services that is caused by an impairment of all or parts of the financial system and has the potential to have serious negative consequences for the real economy” (as defined by the IMF, FSB and BIS in 2009).

Financial Systems 71

Financial Systems Securities Sales Finance 71

PYMNTS

JUNE 23, 2016

The technology is typically used by financial institutions to help prevent fraud when customers open a new bank account or when issued credit or debit cards. But it can also be utilized in applications across fraud prevention and compliance to help businesses adhere to anti-money laundering (AML) regulations.

Investments 42

Investments Securities Compliance Financial Systems 42

CFO Thought Leader

MAY 21, 2023

While chief accountant for the SEC’s investment management division, Alison Staloch reports, she found herself being greeted by a degree of inclusive enthusiasm that she had seldom encountered before. Says Staloch: “At the time, I still had thoughts about going back to public accounting. I thought to myself, ‘Wow!—this

CFO 52

CFO Investments Accounting Accounting Standards 52

Beacon CFO Plus

MARCH 12, 2024

Invest in financial technology (fintech) solutions. Leverage technology to streamline financial processes and enhance efficiency. Explore financing options and establish relationships with lenders to secure necessary funding during cash flow challenges. Think of the saying, Don’t work harder; work smarter.

Cash Flow Forecasting 52

Cash Flow Forecasting CFO Financial Analysis Invoicing 52

Future CFO

JULY 18, 2023

Given higher interest rates and lower growth, distress in the largely unrated non-bank financial institution (NBFI) sector globally could have spillover credit impacts on many other sectors, the credit rating agency noted.

Banking 52

Banking Leverage Risk Management Financial Systems 52

CFO Strategic Partners

OCTOBER 21, 2021

Securing new talent that propels the organizations forward When several clients experienced unexpected turnover on the CFO level, each of them reached out to CFO Strategic Partners for guidance. We ensured the accounting and finance team was communicated with throughout the transition. Our work was a success! We can help.

CFO 52

CFO Leadership Prioritization Education 52

PYMNTS

DECEMBER 23, 2020

21) following months of debate will assist financial institutions by relaxing an important small-business lending initiative’s regulations, providing deferred loan payment accounting relief and bolstering the financial position of borrowers, Reuters reported. The other role that we have is financial inclusion.

B2B 84

B2B Corporate Finance Finance Securities 84

Future CFO

AUGUST 6, 2023

The sharp rebound in global confidence in the aftermath of Russia’s invasion of Ukraine has ended, according to the latest economic conditions survey from ACCA and IMA of accountants and CFOs across the globe. There were also some notable regional trends when it comes to confidence as follows, according to ACCA.

Economics 52

Economics Financial Systems Banking Accounting 52

PYMNTS

FEBRUARY 20, 2020

The Akoya platform taps an application programming interface (API) network for a secure, transparent inroad consumers can use when giving third-party financial apps access to their personal financial data. The new network boosts financial system security as it speeds up API adoption.

Startups 56

Startups Financial Data Securities Financial Systems 56

PYMNTS

MARCH 3, 2020

The hacking of virtual currency exchanges and related money laundering for the benefit of North Korean actors poses a grave threat to the security and integrity of the global financial system,” said U.S. national security,” said Don Fort, chief, IRS-CI. “We Attorney Timothy J. The DOJ also said that the U.S.

Currencies 56

Currencies Financial Systems Securities Economics 56

PYMNTS

SEPTEMBER 24, 2019

One of the biggest problems, Blanco said, is account takeover. . Account takeover, which involves the targeting of financial institution customer accounts to gain unauthorized access to funds, is an extremely common cybercrime affecting U.S. financial institutions,” he said.

Compliance 71

Compliance Financial Systems Accounting Securities 71

PYMNTS

AUGUST 7, 2019

Based on the flurry of consumers scrambling to get their $125 settlement from Equifax , data security is an issue with far-reaching consequences. The benefits of digital IDs might seem apparent – especially among financial institutions – but consumers aren’t fully on board yet. PYMNTS’ Digital Identity Lifestyle Capsule found that 45.2

Securities 74

Securities Healthcare Financial Systems Accounting 74

PYMNTS

JANUARY 7, 2020

Other initiatives include a focus on payments security, as well as connecting bank data to small business accounting portal QuickBooks. One of them is The Huntington National Bank, which announced a partnership with Automated Financial Systems (AFS) to integrate with its commercial lending platform, AFSVision.

Banking 56

Banking Accounting Securities Financial Systems 56

PYMNTS

JANUARY 6, 2020

Any kind of financial company operating in Jamaica that facilitates financial transactions — including central counter parties and trade repositories, securities settlement systems, and central securities depositories — will be more thoroughly monitored by the BOJ.

Banking 52

Banking Financial Systems Securities Marketing 52

VCFO

AUGUST 16, 2023

Money Laundering Prevalence and Practices When bad actors possess large sums of cash that they want to place into the financial system without raising flags, money laundering techniques such as “structuring” are used. Collectively, these efforts are helping them weather the storm and emerge on the other side in a stronger position.

Compliance 86

Compliance Banking Risk Management Currencies 86

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. The technology aims to mix payment rails, with companies paying their invoices via card on the Billhop platform, and Billhop paying those vendors via direct deposit to their bank account.

B2B 83

B2B Invoicing Currencies Banking 83

PYMNTS

JULY 1, 2019

Hacks and data breaches have become all too common, with fraudsters turning to “brute force” attacks and plugging in commonly used passcodes to gain access to users’ accounts. Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave.

Banking 75

Banking Securities Compliance Communication 75

PYMNTS

AUGUST 1, 2019

Using the Assurety API, Paystand’s customers can create a secure, certified, digitally notarized record trail, Paystand said in a press release on Thursday (Aug. This is an important step in adding greater transparency to the financial system and the world at large.

B2B 64

B2B Invoicing Financial Systems Securities 64

The Finance Weekly

SEPTEMBER 23, 2021

Accounting and finance specialists have been battling new obstacles for the past year. Here are five rising financial services sector trends and observations for 2021. Automated Accounting. It's time to say goodbye to old-school accounting techniques and say hello to automation in 2021. Cybersecurity.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Profit and Loss Invoicing Forecasting 52

Simply Treasury

JULY 12, 2021

Paradoxically, "retail" developments are often faster and more intense than "corporate" developments, notably for reasons of security and integration into the IT systems of large companies. These companies are often managing finance and treasury on separate financial systems which are poorly integrated, if integrated at all.

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Treasury Cash Flow Forecasting Concentration Finance 130

PYMNTS

JUNE 26, 2020

“[They were exploring] how to educate people better [about] managing and spending money and bring them back into the financial system as good payers.”. Open banking’s nature fortunately provides superior data security to traditional banking models. Open Banking Prevents Data Exposure. In the U.K.,

Banking 79

Banking Securities Education Financial Systems 79

PYMNTS

SEPTEMBER 17, 2020

Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. That's particularly true for finance teams like accounts payable , accounting or payroll.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

PYMNTS

JULY 3, 2019

The co-creator of Facebook’s recently announced cryptocurrency, Libra , said the currency was created to help the unbanked population easily access the financial system, according to a Facebook post he wrote on Wednesday (July 3). David Marcus ’ post, titled “Libra, 2 weeks in,” covers a range of topics, especially financial inclusion.

Financial Systems 43

Financial Systems Currencies Banking Financial Data 43

PYMNTS

JULY 10, 2020

The failed loan was granted to mortgage lender Dewan Housing Finance Limited, which has faced its own financial troubles, the Journal reported. The incident has spotlighted a series of bad loans and too few controls that would protect lenders from misconduct that plagues the country’s financial system, the newspaper reported.

Banking 53

Banking Auditing Financial Systems Finance 53

PYMNTS

JANUARY 15, 2021

These violations, said FinCEN, “caused millions of dollars in suspicious transactions to go unreported in a timely and accurate manner, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes laundered through the bank into the U.S. financial system.”.

Banking 107

Banking Compliance Currencies Financial Systems 107

PYMNTS

NOVEMBER 13, 2019

“The FATF remains concerned by the DPRK’s failure to address the significant deficiencies in [its AML/CFT] regime, and the serious threats they pose to the integrity of the international financial system. FIs from opening or maintaining correspondent accounts for, or on behalf of, an Iranian FI.

Finance 51

Finance Financial Systems Banking Securities 51

PYMNTS

JULY 11, 2019

Such a solution would allow consumers to own their digital identities and use them for whatever they need, rather than having to create individual accounts and passwords for every service or relying on a single log-in tool from a massive corporation like Apple or Google. Can Facebook Be Trusted To Secure Financial Data?

Financial Data 49

Financial Data Securities Auditing Compliance 49

PYMNTS

DECEMBER 17, 2019

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. We expand that to include almost every type of financial asset.”.

Financial Systems 54

Financial Systems Startups Treasury Banking 54

PYMNTS

OCTOBER 22, 2019

Facebook CEO Mark Zuckerberg testified before the United States House Of Representatives Committee on Financial Services on Tuesday (Oct. There are more than a billion people around the world who don’t have access to a bank account, but could through mobile phones if the right system existed,” he said.

Currencies 43

Currencies Financial Systems Leadership Securities 43

PYMNTS

SEPTEMBER 16, 2019

In commentary sent to PYMNTS from Plaid, CEO Zach Perret said that “we draw inspiration from the work that the networks have done and look forward to collaborating with Visa and Mastercard at the intersection of commerce and financial services.

Investments 56

Investments Valuation Financial Systems Financial Data 56

CFO Talks

MARCH 19, 2024

Leading by Example Consider a CFO who champions the adoption of a new cloud-based financial system. For instance, after implementing the new financial system, the CFO could organize feedback sessions to discuss user experiences, addressing challenges and celebrating quick wins.

CFO 52

CFO Communication Finance Budgeting 52

PYMNTS

MAY 2, 2019

The service will allow customers to quickly setup a blockchain network spanning multiple AWS accounts via the AWS Management Console, and is able to support thousands of applications and millions of transactions using open source frameworks like Hyperledger Fabric and Ethereum. These thefts only represent the losses that are visible.

Financial Systems 62

Financial Systems Numbers Accounting Securities 62

PYMNTS

SEPTEMBER 30, 2019

The bank accounts? Well, they’re frozen, and it doesn’t really matter, because all the accounts have been drained right down to zero. Beyond the lures of money, there are other nation-states that may want access to a financial system, but for different reasons. Go to sleep one night, and all is well.

Nonprofit 65

Nonprofit Currencies Financial Systems Securities 65

PYMNTS

APRIL 24, 2019

As part of the partnership, Wirecard will empower its retail agents, who act as service representatives across India, to enable those underserved by the financial system to access basic payment and banking services such as cash withdrawals, deposits and balance inquiries.

Banking 49

Banking Financial Systems Numbers Retail 49

PYMNTS

MARCH 26, 2018

A press release issued Friday (March 23) said Candex secured the funding from Edenred Capital Partners, Partech Ventures, Advisors.fund, Camp One Ventures, NFX, Tekton Ventures, Big Sur Ventures and angel investor Mark Goines. Paymerang provides accounts payable services with a focus on digitizing supplier payments.

Accounts Payable 43

Accounts Payable Vendor Management B2B Leadership 43

PYMNTS

MAY 25, 2018

Much of the money was reportedly laundered through bank accounts belonging to non-residents, Reuters reported. “In billion in securities from Russia were processed through the Estonian financial system. It is also alleged that Danske Bank shut down 20 Russian customer accounts following that whistleblower report.

Leadership 48

Leadership Financial Systems Banking Accounting 48