PYMNTS

APRIL 13, 2020

The stimulus checks — some of them, anyway — are coming, via direct deposit, to tens of millions of Americans’ bank accounts over the next several weeks. In other words, the recipients would create checking accounts at the Federal Reserve Banks (there are 12 of them).

Accounting 99

Accounting Banking Currencies Treasury 99

Global Finance

MAY 16, 2024

Global banking aced 2023 despite the drama of bank failures. The banking industry emerged triumphant in 2023, a year that had threatened to be catastrophic. Rapid industry intervention averted the nightmare scenario of a contagion-driven financial crisis fueled by multiple bank failures in the US and Europe.

Banking 52

Banking Finance Risk Management Leverage 52

Future CFO

APRIL 6, 2022

Finance and accounting professionals are worried about operating costs, said ACCA and IMA recently when releasing the latest edition of the Global Economic Conditions Survey (GECS). Other economic activity indicators, such as employment and capital spending improved.

Accounting 98

Accounting Finance Economics Transportation 98

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

FISPAN

FEBRUARY 9, 2022

Now more than ever, banks have a myriad of digital opportunities to explore a better banking future. Driven by growing consumer demands, increasing regulatory changes, and the proliferation of API integrations, Open Banking has proven to be a promising market for Financial Institutions (FIs) worldwide.

Banking 97

Banking Leverage Accounting Economics 97

Global Finance

MAY 8, 2024

Central American economies have flourished in the pandemic’s aftermath due to the region’s lower-than-average inflation, allowing central banks to impose more-accommodative policies than larger economies worldwide. Increased digital banking integration drove these remarkable numbers, which jumped 50% that year. GDP growth last year.

Banking 52

Banking Leadership Leverage Investments 52

PYMNTS

SEPTEMBER 23, 2019

Today, Western Union announces that it has expanded its real-time global payments capabilities to include real-time account-to-account transfers to an account or a mobile wallet for select banks or digital wallet providers in 17 countries. We believe we can help FIs create opportunities and serve their customers better.”.

Accounting 82

Accounting Banking B2B B2C 82

Global Finance

MAY 8, 2024

In the Asia-Pacific (APAC) region last year—as in 2022—net interest margin (NIM) dynamics were optimal for banks in Southeast Asia, Australasia, Hong Kong and India. Lending rates followed central bank tightening moves, while deposit rates lagged; and across the region, there were some record profits.

Banking 52

Banking Profit and Loss Construction Retail 52

PYMNTS

DECEMBER 14, 2020

The pandemic was the common element in every economic look back or for that matter, any look forward. As seen in the Mastercard Economic Institute’s Economy 2021 report, both governments and businesses have faced a tough and transformative year. Dwyer calls the near-term economic outlook “challenging.” percent for women and 5.2

Economics 106

Economics Retail eCommerce Banking 106

Future CFO

FEBRUARY 19, 2020

There are three major long-term global economic issues, said ACCA , which recently published a related report together with the Institute of Management Accountants. But it has not been a success - it has failed to deliver the real economic convergence among its members claimed for it at the outset, the accountancy body pointed out.

Economics 40

Economics Accounting Finance Investments 40

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.

Accounting 63

Accounting Banking Forecasting CFO 63

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

PYMNTS

JULY 30, 2020

Figures out Thursday from the Bureau of Economic Analysis showed that the U.S. The spectacular crash was brought on by widespread stay-at-home orders forcing businesses to close their doors and economic activity to all but grind to a halt. That reversed an 11-year expansion, the longest period of economic growth in U.S.

Economics 114

Economics Numbers Forecasting Accounting 114

CFO News Room

NOVEMBER 18, 2022

In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. economy and Wall Street.

Banking 100

Banking Economics Leverage Currencies 100

PYMNTS

APRIL 16, 2020

million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future of their loan portfolios are, to put it gently, cautious. It should be noted, however, that Goldman has relatively minor exposure to “Main Street” than other banks. So, in a sense, the practice ties into an accounting construct.

Economics 56

Economics Banking Construction Securities 56

PYMNTS

JANUARY 6, 2021

Thus far, the numbers do not bear out a massive uptake of a business model, that for the stakeholders, is essentially free (There are roughly 38 banks signed on and 5 million users of CoDi, as measured in late 2020). But as Diaz stated, the model is based on sound economic principles. Solving For The Chicken And Egg Problem.

Banking 145

Banking Planning Accounting Currencies 145

FISPAN

JUNE 27, 2022

Companies in all economic sectors are using APIs more and more, but how are financial APIs changing the financial services industry? Behind the scenes, your device is sending the data from that transaction to your bank account through APIs, updating your account balances to accurately reflect that lunch purchase you just made.

Banking 91

Banking Economics Accounting 91

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

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 Startups 52

CFO News

OCTOBER 21, 2023

Ashok Vaswani is a Bachelor of Commerce, Economics and Accountancy, from the Sydenham College of Commerce and Economics (Bombay University), CA from the Institute of Chartered Accountants of India.

Banking 52

Banking Economics Accounting 52

PYMNTS

NOVEMBER 25, 2019

This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13 percent of the country’s financial institutions were considered “high risk,” according to Bloomberg. . The report also showed that the state was not always willing to bail out banks.

Banking 96

Banking Economics Accounting 96

PYMNTS

SEPTEMBER 1, 2020

Fewer correspondent banks to move that money. The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.

Banking 123

Banking Concentration Economics Numbers 123

PYMNTS

OCTOBER 3, 2019

The ongoing fallout from an accounting error at Metro Bank will now see Founder Vernon Hill completely exit the group after previously announcing he would remain on the board. 2) said Hill has announced he will resign from the board of director by year’s end, meaning he will fully depart from the bank. 31, reports noted.

Accounting 49

Accounting Banking Leadership Economics 49

CFO Simplified

AUGUST 22, 2022

Business owners should also evaluate their banking relationship, as this can have a profound impact on their ability to execute that strategic plan. Banks play an important role by providing working capital, equipment financing, and real estate acquisition financing, which helps continue driving economic growth. Debt/equity.

Banking 98

Banking Strategic Planning CFO Treasury 98

PYMNTS

APRIL 9, 2020

The payments are part of the $2 trillion economic stimulus Coronavirus Aid, Relief, and Economic Security ( CARES ) Act, which also includes expanded unemployment coverage and benefits. That first group of payment recipients is estimated to be about 50 million to 60 million people.

Accounting 102

Accounting Banking Economics Securities 102

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

CFO News Room

NOVEMBER 13, 2022

A central bank digital currency (CBDC) is a digital currency issued by a central bank. Commercial banks offer digital claims to a currency in the form of checking account balances. For example, El Salvador and Ecuador kept their central banks when dollarizing at the turn of the century. Consider Ecuador.

Currencies 130

Currencies Economics Banking Treasury 130

PYMNTS

MAY 1, 2019

’s Bank Referral Scheme, part of the government’s array of initiatives to expand access to capital for small businesses, has been marred by controversy and criticism since it first came into effect in late 2016. accountancy group specializing in providing advisory services to small and medium-sized businesses (SMBs).

Accounting 59

Accounting Banking Corporate Finance Treasury 59

PYMNTS

JULY 12, 2020

Bank earnings have unusually high stakes this quarter, with investors’ dividends at stake and banks expected to add billions to their loan-loss reserves due to the pandemic’s economic effects, The Wall Street Journal (WSJ) reported. Investment banking has seen an uptick as of late, with Citigroup and J.P.

Banking 72

Banking Investments Economics Accounting 72

PYMNTS

MARCH 20, 2019

challenger bank Tandem Bank is trying to make it easier for consumers to save by launching a new savings account. It will automatically put money into a customer’s savings account based on how the customer spends and how much the algorithm determines that particular person can afford to save.

Accounting 43

Accounting Banking Economics Technology 43

PYMNTS

JANUARY 25, 2021

It’s a small skiing village in Switzerland that has become synonymous with the World Economic Forum’s signature event that, in better years, has drawn CEOs, celebrities and international political leaders to discuss the macroeconomic trends that will define global business.

Economics 93

Economics Finance Budgeting Investments 93

PYMNTS

AUGUST 8, 2019

India’s AU Small Finance Bank is rolling out an integration with WhatsApp, allowing small business customers to open an account on the messaging app. Reports in Economic Times of India on Wednesday (Aug. AU Bank noted that it plans to roll out additional features on WhatsApp.

Accounting 40

Accounting Banking Finance Economics 40

PYMNTS

APRIL 15, 2020

banks are experiencing website issues today (April 15) as customers log on to see if their stimulus payment has been deposited. The payments to individuals are part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress and signed into law by President Donald Trump nearly three weeks ago.

Banking 99

Banking Economics Securities Accounting 99

PYMNTS

NOVEMBER 9, 2020

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. Increasingly, open banking will underpin that collaboration. Access for the consumer though means access to that far-flung data is paramount for the banks and third parties.

Banking 114

Banking Financial Data Prioritization Economics 114

Future CFO

NOVEMBER 14, 2019

Malaysia’s economic growth in Q3 weakened to 4.4% While Bank Negara Malaysia —the country's central bank—maintained its full-year growth target of 4.3%-4.8%, Last week, the central bank cut banks’ statutory reserve requirement for the first time in three years to inject liquidity to boost Malaysia's economic growth.

Economics 52

Economics Banking Numbers Accounting 52

Future CFO

OCTOBER 17, 2023

The China Securities Regulatory Commission (CSRC) ordered domestic brokerages’ overseas units to stop opening new stock accounts for onshore investors to stem capital outflows that have pushed the yuan to a 16-year low. The post Chinese securities regulator stops brokerages from opening overseas accounts appeared first on FutureCFO.

Securities 52

Securities Accounting Currencies Banking 52

PYMNTS

OCTOBER 8, 2020

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. In addition, Monese adopted Thought Machine’s cloud banking platform. Fusion Reveals Payments Platform Banks. Europe and South Africa.

Technology 120

Technology Banking Startups Finance 120