CFO News

MARCH 27, 2024

Indian lenders and Russia's Gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payments and trade support. Gazprombank aims to expand its operations in India and has engaged with Indian bankers to explore strengthening banking ties.

Banking 52

Banking Compliance Currencies Accounting 52

Future CFO

JUNE 16, 2022

The total cost of financial crime compliance is projected to hit close to the US$ 50.1 billion mark in 2022 in Asia Pacific, said LexisNexis recently when releasing its latest study on the cost of compliance. . Financial institutions represented more than 80% of the total cost of compliance in the region at US$ 40.8

Compliance 52

Compliance Entertainment Budgeting eCommerce 52

PYMNTS

SEPTEMBER 24, 2020

Reducing fees for remittances might push price points low enough that more consumers could resume sending money home, though, and some researchers believe that money transfer service providers could make such price adjustments if they are able to reduce their own expenses through more robust and cost-effective regulatory compliance measures. .

Compliance 89

Compliance Banking Economics Securities 89

PYMNTS

JANUARY 19, 2021

This week’s look at the latest in bank-FinTech collaboration includes new partnerships in Australia, South Africa, India, Pakistan and across Europe, with many FIs bolstering the foundations of their SMB-serving infrastructures. National Australia Bank Chooses Eedenbull. TBI Bank Partners With NETOPIA Payments.

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Banking Reconciliations Compliance Finance 136

PYMNTS

DECEMBER 16, 2019

one of the largest FinTech hubs of the world today, initiatives like Open Banking demonstrate the opportunity for regulatory mandates to encourage innovation and competition — even in markets where such regulatory mandates don’t exist. Open banking today isn’t isolated to Europe and the U.K., With the U.K. he told PYMNTS.

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Compliance B2B B2C Prioritization 81

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Finance 95

Finance Accounting Auditing IFRS 95

FISPAN

MAY 24, 2022

Joe Maxwell, Managing Director at FINTOP Capital sat down with Clayton Weir to discuss the currents of change in financial services, ERP movement to the cloud and how banks can enable digital transformation. Fitting with the If I Ran The Bank podcast theme, Joe is the first guest who actually does run a bank!

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Compliance CFO Banking Numbers 98

The Charity CFO

OCTOBER 16, 2023

It may not seem like a significant aspect of your organization’s financial situation, but picking the right nonprofit banking partner is one of the most vital decisions leaders can make. Read on as we break down why this decision is so important and explore how to size up potential bank choices.

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Nonprofit Banking Compliance CFO 59

Boston Startup CFO

APRIL 3, 2023

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

The Charity CFO

DECEMBER 8, 2022

But in order to get the most out of these grants, you need to understand how to properly manage and account for them. The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. 8 Best Practices When Accounting For Grants.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

PYMNTS

SEPTEMBER 21, 2018

Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators from leaving the country. There are 530 blockchain startup companies based in Switzerland’s Crypto Valley, and there are 250 banks in the country.

Accounting 74

Accounting Banking Startups Currencies 74

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Getting Up to Speed on Compliance. Sharing the Compliance Burden.

Compliance 71

Compliance Auditing Securities Education 71

Future CFO

OCTOBER 29, 2023

The banking industry has been facing tremendous challenges especially following the COVID-19 pandemic situation as extreme volatility remains in the market. It is undeniable now that the finance function and FP&A in banking have naturally become a centerpiece of the business, as opposed to just a peripheral role in the organisation.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Risk Management Banking Accounting Standards 52

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. ius offered insight into exactly why crypto businesses are so difficult to bank. Conflicting Needs. As Karalevi?ius

Banking 113

Banking Compliance Currencies B2B 113

Bramasol

JANUARY 31, 2022

Carbon Accounting was previously identified as one of the Five Key Trends to Watch in 2022 , and the compliance implications were explored in this blog post Are You Ready for "Carbon Accounting" Compliance? See the Microsoft and Activision example below.

Mergers and Acquisitions (M&A) 85

Mergers and Acquisitions (M&A) Accounting SAP Compliance 85

CFO Simplified

OCTOBER 10, 2023

And certainly, the banking environment has changed dramatically. Cash moves nearly instantaneously from one account to another. The personal banker at large banks is a figment of our imagination, and community banks have picked up the mantle of personalized service. Changing banks is a real pain. I don’t think so.

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Banking Cash Flow Forecasting Forecasting Treasury 52

CFO Leadership

OCTOBER 18, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Finance 52

Finance Accounting Auditing IFRS 52

PYMNTS

MAY 31, 2016

In the banking industry, the mindset among compliance staff seems to be one where the expectation is to have a new rule governing new rules that govern new rules. The American Bankers Association said that 46 percent of banks have scaled back their efforts to grow loan accounts and also deposit accounts.

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Compliance Banking Accounting Numbers 44

PYMNTS

JANUARY 15, 2021

15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). The statement from FinCEN said Capital One established the Check Cashing Group as a business unit within its commercial bank in 2008. financial system.”.

Banking 107

Banking Compliance Currencies Financial Systems 107

PYMNTS

SEPTEMBER 24, 2020

Most banks are familiar with how quickly regulatory requirements can change. Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. Answering The Data Question .

Compliance 60

Compliance Banking Securities Technology 60

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

FEBRUARY 28, 2020

As such, B2B FinTech firms continue to embrace collaboration and data integration between each other, particularly as the financial services world at large continues its migration toward unlocking data in an Open Banking framework. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

MAY 6, 2020

Cloud business management firm Sage has announced new updates to its small business cloud accounting solution to help customers gain more insight into their accounting, payroll and HR data. AutoEntry has been embedded into the Sage Accounting feature to do away with time-consuming processes that can result in errors.

Accounting 56

Accounting Invoicing Compliance Currencies 56

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That lets banks and other financial institutions cut down on times for processing, boost compliance and bolster productivity.

Accounts Payable 69

Accounts Payable Accounting Invoicing Compliance 69

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. Starting today, U.S. The Legal Situation.

Compliance 66

Compliance Manufacturing Banking eCommerce 66

PYMNTS

DECEMBER 26, 2018

Wall Street firm, was fined $10 million by the Financial Industry Regulatory Authority (FINRA) for compliance failures. According to a report in Reuters , citing FINRA and Morgan Stanley, the firm agreed to pay $10 million after FINRA contended it had lapses in compliance for more than five years from January of 2001 until April of 2016.

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Compliance Treasury Currencies Banking 53

PYMNTS

OCTOBER 29, 2020

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. First Horizon Bank Adopts NCR Technology.

Banking 81

Banking Compliance Securities Leverage 81

Strategic Treasurer

MAY 15, 2023

Bank Account Compliance Webinar Series: FBAR & BOI June 27 and 28 Register Now Dates / Times Tuesday, June 27, 2023 11:00 AM – 11:30 AM EDT Wednesday, June 28, 2023 2:00 PM – 2:30 PM EDT Where This is an online event Speakers Jason Campbell, Strategic Treasurer Craig Jeffery, Strategic Treasurer Hosted By 0.6

Banking 52

Banking Compliance Accounting 52

PYMNTS

DECEMBER 10, 2019

-based FinTech specializing in facilitating payments for small business accountancy firms, is partnering with BIN (bank account identification number) sponsor Moorwand to further streamline the payments experience for accountants and bookkeepers. In a press release issued Tuesday (Dec.

Accounting 52

Accounting B2B Accounts Payable Accounting Firms 52

PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021.

Accounting Standards 61

Accounting Standards Accounting Banking Corporate Finance 61

PYMNTS

APRIL 27, 2017

Allied Irish Banks was hit with a $2.2 million fine by the Central Bank of Ireland due to compliance failures with anti-money laundering and terrorist financing rules. The bank “fully co-operated with the Central Bank at all stages of this investigation, which has now concluded,” it added.

Compliance 40

Compliance Banking Finance Sales 40

PYMNTS

NOVEMBER 18, 2020

In fact, even a medical school degree isn’t enough to sort out the different payment accounts, billing statements and various insurance plans. Then there’s navigating things like health spending accounts (HSAs) and flexible spending accounts (FSAs). It went from concept to reality in 19 days this past June. Ready For Innovation.

Healthcare 124

Healthcare Banking Compliance Planning 124

PYMNTS

MAY 4, 2020

Accounting firms have become an important collaborator in aiding cloud migrations by small to medium-sized businesses (SMBs), according to Alan Chang, managing director of Singapore Corporate Services (SCS). A New Model For Accounting. But overcoming these challenges is essential.

eCommerce 67

eCommerce Accounting Accounting Firms B2B 67

Bramasol

MAY 9, 2022

As more companies and industries adopt subscription-based business models in the Digital Solutions Economy (DSE), they face new challenges in managing cash, cash flow and banking. And, as the volume and velocity of transactions increases exponentially, your cash application and cash management solutions must keep up.

SAP 85

SAP Cash Management Banking Treasury 85

PYMNTS

JULY 28, 2020

The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings. Yet this week’s look at the latest tie-ups reveals new models of collaboration, including FinTechs expanding their footprint within banking, and wielding banks to fit within their own tech solutions.

Banking 111

Banking Finance Compliance Investments 111

PYMNTS

APRIL 8, 2020

When the program went live on Friday (April 3), only two FIs, Bank of America and JPMorgan Chase, had been able to begin accepting applications — Bank of America saw a whopping $6 billion worth of applications in only a few hours, ending Friday with $32.6 Small businesses overwhelmed U.S. billion in applications. Funding Circle.

Banking 98

Banking Accounts Payable Compliance Technology 98

PYMNTS

MARCH 30, 2020

Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

Accounting Standards 66

Accounting Standards Banking Credit Risk Compliance 66