PYMNTS

JUNE 6, 2018

based bank accounts and receive payments by the same means. Mastercard said it has enlisted Starling Bank, a challenger bank, as the strategic partner for settlement services in the U.K. The firms said that only a very small number of accounts in the U.K. less than 0.1 The first U.K.-based

Accounting 55

Accounting Banking Concentration B2B 55

Musings on Markets

MAY 5, 2023

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by First Republic last week.

Banking 76

Banking Profit and Loss Securities Investments 76

PYMNTS

APRIL 21, 2020

We now must bank entirely online, by necessity. The stage is being set, then, for consumers to pivot away from legacy banking toward trusted brands that, increasingly, are building out financial services. But, in truth, account aggregation is largely an activity that simply moves data from financial institution (FI) to FinTech.

Banking 92

Banking Concentration Accounting Leverage 92

PYMNTS

JUNE 22, 2020

bank accounts since the coronavirus first hit the U.S. Banks are flooded with cash; they’re like Scrooge McDuck swimming in money.”. That means the stimulus is still in their accounts,” Moynihan said. A lot of banks are saying, `there’s frankly not much we can do with it right now’,” he said.

Banking 67

Banking Concentration Economics Accounting 67

Focus CFO

JUNE 3, 2023

Steve's experience spans three decades of executive leadership, he has held positions such as CEO, COO, and CFO, where he specialized in finance, accounting, and operations. His proficiency is primarily concentrated in the sectors of healthcare and banking.

Concentration 52

Concentration Healthcare Leadership CFO 52

PYMNTS

FEBRUARY 5, 2020

In finance, accounting is everything. Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk is and where losses may loom — is as much art as science. These are not only the concerns of big banks.

Banking 56

Banking Forecasting CFO Concentration 56

PYMNTS

FEBRUARY 14, 2020

Venture capital funding rounds this week showed some concentration on the continent, with several announcements tied to Europe. Starling Bank. digital bank Starling Bank said it raised £60 million (more than $ 78 million USD) in funding. million accounts across individuals and businesses. In the U.K., CybelAngel.

Banking 52

Banking Concentration Risk Management Investments 52

Future CFO

OCTOBER 2, 2023

Private fund firms are now putting idle cash to work in money market funds (MMFs), which has the dual benefit of earning a yield from cash holdings in addition to mitigating concentration risk. Money market funds are “particularly attractive” as they generate yield on idle cash and are highly liquid, according to Quinn.

Cash Management 52

Cash Management Marketing Treasury Concentration 52

CFO News Room

DECEMBER 28, 2022

Innovation and exchange can be frustratingly uninspiring, particularly given that there are concentrated, vivid costs (in the form of lost jobs and struggling communities) and benefits dispersed across millions of people who might not even notice. Once we account for all the effects, it’s pretty clear the move is a net win for the world.

Economics 130

Economics Concentration Accounting Finance 130

PYMNTS

OCTOBER 5, 2017

Starling Bank, a U.K. challenger bank, has positioned itself to disrupt retail banking. Now, the company is hoping to do the same for corporate banking. 4) that Starling is launching a business banking service early next year, just months after the company rolled out its app-only current account service for consumers.

Banking 40

Banking Planning Concentration B2B 40

PYMNTS

SEPTEMBER 7, 2020

-based payments and accounting solution, to aid small and medium-sized enterprises (SMEs) in running their businesses more smoothly. They will work with Countingup's long-time partner PPS, which works in processing, banking technology and issuing. Banking and accounting for U.K.

Concentration 66

Concentration Accounting Banking Finance 66

Barry Ritholtz

AUGUST 26, 2022

My examples of overpriced, low-performing, abusive account management have been derided as outliers. As often happens in these circumstances, the ex-employee’s book gets divided up among the remaining brokers, whose jobs that weekend becomes retaining those accounts and their assets.

Concentration 141

Concentration Benchmarking Investments Accounting 141

Future CFO

JULY 17, 2023

As central banks increase interest rates to combat inflation, treasurers should aggressively put cash to use—many still have not and leave money on the table. Treasurers should take leverage in-house banking, payments-on-behalf (POBO) and collections-on-behalf (COBO) models, and virtual accounts.

Treasury 98

Treasury Forecasting Cash Management Concentration 98

CFO Talks

MARCH 20, 2024

Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. It involves trusting your team, delegating effectively, and concentrating on strategic financial planning. The CFO, however, looks at the bigger picture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

Barry Ritholtz

JANUARY 24, 2024

He leads the team that delivers OSAM strategies to advisors, consultants, wealth management firms, multi-family offices and private banks. One of the most popular innovations of the past 50 years has been the tax-qualified account. They maximize their tax-advantaged accounts. What about your taxable accounts?

Concentration 96

Concentration Investments Accounting Marketing 96

Future CFO

AUGUST 3, 2023

Increasing interest rates, stubbornly high inflation, domestic and geopolitical challenges — including the protracted war in Ukraine, and ongoing concerns about the stability of the global banking system all combined to make it a challenging quarter for global VC investment, despite global interest in Generative AI, the firm noted.

Investments 52

Investments Concentration Startups Education 52

CFO News Room

FEBRUARY 2, 2022

An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status.

Concentration 130

Concentration Investments Securities Currencies 130

Future CFO

FEBRUARY 13, 2023

He also suggested using digital signature platforms to make transactional work more efficient and sustainable for signing bank documents. In this regard, he added the importance of continuing to lobby with banking counterparties to accept these digital signatures. During the pandemic, what one lesson stands out from your experience?

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

NOVEMBER 28, 2016

Some of the world’s largest banks were met with big change in recent days. Demonetization in India has financial institutions operating at full speed to exchange out discontinued bank notes but with some unexpectedly pleasant consequences. We dive into the latest banking news from around the world. $30

Banking 46

Banking Concentration Financial Systems Leadership 46

PYMNTS

APRIL 10, 2018

By the numbers, digital banking is — and is not — extremely popular with consumers of all stripes. According to the latest edition of the PYMNTS Digital Banking Tracker, when it comes to some tasks, consumers are clearly comfortable with leaving the physical world behind and making the digital conversion. Other things — not so much.

Banking 40

Banking Concentration Numbers Accounting 40

PYMNTS

DECEMBER 5, 2019

A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. The report said that “predictive power is not great” when consideration of the 2018 season is put into account because that season was healthy until late December, when it softened.

Sales 55

Sales Concentration Banking Retail 55

PYMNTS

DECEMBER 5, 2019

A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. The report said that “predictive power is not great” when consideration of the 2018 season is put into account because that season was healthy until late December, when it softened.

Sales 52

Sales Concentration Banking Retail 52

PYMNTS

FEBRUARY 19, 2020

Some firms focus on certain-sized companies, while others concentrate on specific verticals. The company also announced a strategic partnership and equity investment with Fifth Third Bank in 2018.) And, Zayas said, payments have historically been a hot area in which to invest.

Concentration 60

Concentration B2B Investments Accounting 60

PYMNTS

FEBRUARY 2, 2021

Authorize.net , Visa’s SMB digital payment management system, is eliminating its monthly gateway fee for the life of an account in addition to its transaction fees for the first 100,000 transactions of new North American clients enrolling on Feb.

Concentration 84

Concentration Advertising Sales Numbers 84

PYMNTS

JANUARY 12, 2020

million in a Seed funding round for its neo-bank epiFi, led by Sequoia India and Ribbit Capital, TechCrunch reported on Sunday (Jan. Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million.

Concentration 40

Concentration Startups Valuation Financial Systems 40

PYMNTS

JUNE 23, 2020

The cuts are heavily concentrated in Gojek’s GoLife and GoFood Festivals divisions. With sufficient capital in the bank account and eased competitive pressure, it should really focus on building the core services well to achieve profitability.”.

Concentration 52

Concentration Transportation Startups Economics 52

PYMNTS

JUNE 4, 2019

Xpollens removes the complexity of issuing and managing payments methods, allowing Fintechs, retailers and corporates to concentrate on their core business, on providing the best customer experience, and to take full advantage of the huge business opportunities afforded by PSD2,” said Natixis Payments CEO Pierre-Antoine Vacheron.

Concentration 46

Concentration Compliance Accounting Retail 46

PYMNTS

AUGUST 7, 2019

The Bank of Lithuania has suspended the majority of activities of payments company SatchelPay , reports said Tuesday, barring the Lithuanian company from issuing electronic money or providing part of its payment services. Reports noted that the central bank sent reminders and warnings to the company to provide the financial information.

Concentration 40

Concentration Auditing Compliance Startups 40

PYMNTS

MAY 5, 2020

Issuers may be eying the coming chargeback and dispute storm, but right now, said Quevedo, they’re concentrating on prioritizing claims processing. In other cases, they may be devising bank identification number (BIN) attacks or using card generators to create many potential card numbers. The Issuer Side Of The Equation.

Concentration 83

Concentration Prioritization Entertainment Banking 83

PYMNTS

AUGUST 3, 2016

Ninety percent of the $10 trillion “push” payments market opportunity is concentrated in a variety of disbursements made between businesses and consumers that today rely on cash, checks and ACH to move money between those parties. That process typically requires workers to wait several days to get access to their money.

Planning 50

Planning Concentration Healthcare Accounting 50

PYMNTS

APRIL 24, 2017

According to a report in Business Insider , Verdon said he was leaving Currencycloud because the business is going well and shareholders of RailsBank want him to concentrate on that FinTech more fully. Imagine a Stripe for banking; that’s what our aim is to be,” said Verdon.

Concentration 40

Concentration Startups Banking eCommerce 40

PYMNTS

OCTOBER 20, 2017

In a press release, Flywire said that with the addition of Trustly, Flywire clients can offer their international customers a fast and easy way to pay directly from their bank accounts. Citing research from Datamonitor, Flywire said 93 percent of European consumers use their bank accounts as their main funding source.

Healthcare 43

Healthcare Concentration Education Accounting 43

CFO Simplified

APRIL 15, 2022

How many customers account for 80% of your sales? The president of the company reached out at the bank’s request. Customer concentration had become an ever-bigger problem as borrowing increased. Significant Findings and Recommendations: Reduce Customer Concentration. Bring Value through CFO Insights. Sales – $47,000,000.

Concentration 52

Concentration Profit and Loss Sales B2C 52

CFO Leadership

AUGUST 12, 2021

Prior to joining the AHA, Christina was vice president of finance for the Federal Reserve Bank of Chicago where she led the financial planning and analysis functions for the Chicago Fed and collaborated on projects with leaders across the Federal Reserve System. Joy is our first Ascend Honoree. She is a CPA in both Texas and California. .

Leadership 98

Leadership CFO Financial Planning and Analysis (FP&A) Finance 98

PWC UK

OCTOBER 26, 2021

Other EU institutions, such as the European Central Bank (ECB), have indicated they will feed their views into the ESMA report. ESMA will identify any difference in basis available between TC and EU CCPs, and model any concentration add-ons.   ESMA is expected to set out its findings in a report, expected in late 2021.

Credit Risk 52

Credit Risk Concentration Banking Marketing 52

PYMNTS

JUNE 23, 2020

By taking the funds from investors – hundreds of millions, or sometimes billions, of dollars – and essentially parking those funds in accounts means that a “wait and see” attitude is critical. As they say in all wagers: You pays your money, you takes your chances.

Healthcare 52

Healthcare Concentration Investments Marketing 52

PYMNTS

MARCH 28, 2019

The lenders (think of banks and other traditional conduits) or would-be lenders look at the SMB owners’ FICO scores, “and maybe you look at some business data,” Rymarz pointed out, such as tax returns or bank statements. The average APR on merchant cash advances can be 150 percent, which can be prohibitively expensive for the borrower.

B2B 52

B2B Concentration Invoicing Finance 52