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

PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Supporting an Accounting Shift.

Accounting 52

Accounting Cash Flow Forecasting Invoicing Prioritization 52

PYMNTS

APRIL 17, 2020

Open banking regulations across Europe kicked open the door for a wave of FinTech competition, with consumer-facing personal finance management (PFM) right in the crosshairs of innovators’ efforts. Small businesses and corporate end-users have emerged as powerful drivers of exploring new use-cases for open banking and PSD2 regulations.

Banking 83

Banking Reconciliations Prioritization Accounting 83

PYMNTS

DECEMBER 14, 2020

It’s been a busy year in digital banking as the pandemic has driven consumers online to manage as much of their day-to-day lives as possible. When Bank of America Rewards Executive John Sellers glanced at his in-house numbers over the last year, the evidence was plain to see.

Banking 116

Banking Communication Prioritization Leverage 116

PYMNTS

MAY 3, 2020

Bó , the digital bank developed by U.K. High Street lender Royal Bank of Scotland (RBS), is being closed down by the British state-backed lender NatWest, following a six-month opening launch, according to a Yahoo Finance UK report. One of Britain’s largest banks, Bó had been positioned to compete with FinTechs like Monzo and Revolut.

Banking 72

Banking Prioritization Finance Investments 72

PYMNTS

APRIL 5, 2020

Friday, banks and other lenders officially opened the gates for applications to the Paycheck Protection Program (PPP) to relieve some of the burden brought on by the coronavirus pandemic. To begin with, major banks initially were unable to start accepting applications on Friday, the first day of the program. Prioritization of Loans.

Banking 61

Banking Prioritization Treasury Accounting 61

PYMNTS

JANUARY 21, 2021

The digital trend, she continued, is one that will last and — and one that CUs will have to adopt in order to compete more effectively with banks. Consumers, she said, have come to expect the ease of transacting and interacting with Uber and Amazon (to name just two companies) to translate into the banking sphere. Data Analytics.

Banking 96

Banking Prioritization Budgeting Securities 96

PYMNTS

APRIL 23, 2020

All generations, including 64 percent of baby boomers and 56 percent of those from Generation Z, largely prefer opening accounts in person rather than doing so online, for example, meaning in-branch experiences at financial institutions (FIs) need to be just as advanced as their online offerings. Knowing the Customer.

Banking 90

Banking Prioritization Forecasting Communication 90

PYMNTS

APRIL 15, 2020

China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. In addition to dwindling correspondent banking relationships, this model to move funds across borders limits visibility into a payment’s progress, and often means lengthy transaction times.

Banking 76

Banking B2B Risk Analysis Prioritization 76

PYMNTS

OCTOBER 6, 2020

In today’s top news in digital-first banking, Bank of America has launched its Life Plan program, while United Airlines and Chase Card Services launched a United Gateway credit card. Bank of America has rolled out its Life Plan program, which can be accessed via the financial institution’s website and mobile app. Plus, NCR Corp.

Planning 70

Planning Banking Prioritization Transportation 70

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Researchers this year released new data on banks’ KYC adherence that highlights just how imperative it is that the financial services industry is able to more adequately address the challenges of compliance.

Banking 74

Banking Compliance Prioritization Accounting 74

PYMNTS

NOVEMBER 15, 2019

National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment solutions, the company announced in a press release on Friday (Nov. The new accounts have no monthly fee and offer ATM fee reimbursement of up to $15 a month. checking account. .

Banking 49

Banking Prioritization Accounting Finance 49

CFO Simplified

SEPTEMBER 16, 2022

And, if you have a savings account that you put money into regularly for retirement or vacation plans, you’re practicing accrual accounting at home. This is your bank balance. It also includes: The invoices that you have entered into accounts payable, and. 5: Prioritize the Payments by Category. No more, no less.

Accounts Payable 52

Accounts Payable Prioritization CFO Invoicing 52

PYMNTS

NOVEMBER 4, 2020

In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”. One need only look to the U.K.

Banking 68

Banking Analyzing Data Prioritization Securities 68

PYMNTS

MAY 13, 2019

The rise of small business (SMB) accountants as financial advisors to their clients has emerged in parallel with a surge of back-office software solutions. As SMBs embrace cloud-based platforms, data integration across those systems is an integral part of effective accounting solutions.

Accounting 61

Accounting Compliance Prioritization Financial Analysis 61

PYMNTS

JULY 28, 2017

In news good for no one anywhere, it seems the North Korean army of cybercriminals has decided to reorganize itself to prioritize greater specialization. Prior cyberattacks that can be connected to North Korea’s military force include the 2014 hack of Sony Pictures Entertainment and a cyberheist at Bangladesh’s central bank.

Accounting 46

Accounting Banking Prioritization Entertainment 46

PYMNTS

MAY 6, 2019

Open banking regulations like PSD2 are forcing many FIs to open up their data to third-party providers (TPPs), causing a wave of changes as its September launch date approaches. Changes are coming from elsewhere, too, with Australia mandating open banking by July and Israel working on an open banking API standard of its own.

Banking 74

Banking Prioritization Securities Compliance 74

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. Specific to the automation of finance and accounting processes, can you identify the top three areas mid-size enterprises are prioritizing to automate?

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

JANUARY 8, 2021

Even so, there’s still plenty of work to be done to raise awareness about how sending or receiving RTP transactions can improve the banking client experience. With a full pipeline of onboarding projects, Whisler expects business in the first half of the year to quickly expand and then snowball from there.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

PYMNTS

JULY 5, 2019

FinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange , for instance, worked with Fifth Third Bank to enhance B2B payments while leveraging the inherent capabilities in the RTP network from The Clearing House.

Banking 69

Banking Invoicing B2B Prioritization 69

PYMNTS

JANUARY 20, 2021

As a result, finance teams across the business ecosystem began to prioritize digitization and optimization, and many of them drew the same conclusion: Access to data is imperative to efficient and effective operations. Finance and accounting workflows lend themselves well to these three pillars, he said, and Fitzmaurice agreed. “It

B2B 125

B2B Prioritization Invoicing Corporate Finance 125

PYMNTS

DECEMBER 26, 2019

The last decade of B2B FinTech innovation not only led to an explosion of product options for businesses to manage a variety of processes, including accounts receivable (AR), accounts payable (AP) and accounting. The pace of change is a challenge for banks and businesses alike,” said McCarthy.

Accounting 53

Accounting B2B Accounts Payable B2C 53

PYMNTS

DECEMBER 14, 2020

Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. Accounts receivable and accounts payable are two key functions of the enterprise with significant impact on cash flow.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Prioritization Invoicing 123

PYMNTS

JULY 22, 2020

Infor , which works in business cloud software, is partnering with DBS Bank to infuse the Infor Nexus global network of businesses with new digital trade financing capabilities to help speed up payments through the supply chain, according to a press release.

Finance 53

Finance Banking Reconciliations Prioritization 53

PYMNTS

APRIL 3, 2019

Large corporates across Asia are driving digital transformation of banking and treasury management in the region, according to new analysis from Greenwich Associates. The portion of treasury officials prioritizing digitization has nearly doubled since the fourth quarter of 2018 to 22 percent, the report revealed.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

PYMNTS

APRIL 30, 2020

The coronavirus pandemic has consumers around the world turning to digital devices to access banking services. Banks must now consider how to best expand remote services and emphasize these channels once consumers can safely visit branches again. The Path to Digital Banking’s Popularity.

Banking 60

Banking Prioritization Securities Accounting 60

PYMNTS

JANUARY 29, 2020

These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud. Many major banks now also issue virtual cards, and even third-party companies — such as Privacy — are entering the space. .

Banking 52

Banking Accounts Payable B2B Prioritization 52

PYMNTS

SEPTEMBER 19, 2019

challenger bank Tide is planning to roll out a paid tier of its banking services for small businesses, connecting users of its upgraded offering with elevated customer service. The challenger bank plans to introduce additional features moving forward. An announcement on Tide’s company website on Wednesday (Sept.

Accounting 43

Accounting Prioritization Banking Planning 43

PYMNTS

SEPTEMBER 15, 2020

Rising eCommerce volumes and an embrace of the direct-to-consumer (D2C) sales model has led merchants to shift their own payment strategies — and seek out banking providers that can address those changing needs. Merchants didn’t realize how important it was to have a backup. Merchants didn’t realize how important it was to have a backup.

B2B 119

B2B Risk Management Compliance Prioritization 119

PYMNTS

JANUARY 27, 2021

The pandemic has fast-tracked that digitization, however, as concerns and restrictions have led members to reduce their branch visits and turn to contactless features to carry out their banking activities online. What happens over time is you start to look around and see big banks like Chase, Wells Fargo and Bank of America.

Prioritization 89

Prioritization Banking Securities Economics 89

PYMNTS

APRIL 7, 2020

In a conversation with Karen Webster, Bottomline CEO Rob Eberle discussed how the company came to launch a solution designed to ease the loan application burden on both banks and borrowers and described the role of B2B FinTechs elsewhere as market disruption forces finance teams to prioritize their digitization efforts.

Prioritization 66

Prioritization Accounts Payable B2B Accounting 66

PYMNTS

APRIL 2, 2020

And, having worked with federal officials on parts of this massive disbursement project already, he noted, they are well aware that prioritizing the speedy flow of funds to those who need it will have costs. “In In our broader conversations around the disbursement side of the $2.2 And that, he noted, will cause some delays.

Banking 99

Banking Prioritization Treasury Numbers 99

PYMNTS

NOVEMBER 27, 2020

Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards. Per the November Tracker , “Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. Phone Call For You.

Securities 107

Securities Prioritization Leverage Accounting 107

PYMNTS

NOVEMBER 22, 2017

According to American Banker , Cordray sent a letter to 29 chief executives at banks, credit unions and other financial companies, urging them to help consumers have more control over credit cards, debit cards and other payment methods. ”

Banking 49

Banking Prioritization Accounting Securities 49

PYMNTS

SEPTEMBER 18, 2020

But getting funds settled more quickly into their accounts can make all the difference in giving them the cash cushions they need to expand, weather economic shocks and even get their suppliers paid in a timely manner. Roughly 27 percent of surveyed firms report waits of between three to five days.

Sales 141

Sales Prioritization eCommerce Invoicing 141

PYMNTS

SEPTEMBER 22, 2016

Know Your Customer regulations can mean corporations have to wait as long as three months — yes, months — to get onboarded to a new bank. “When we look at where the market is moving, clients expect to transact globally and to trade globally, to have a cash management account in Hong Kong and an FX trading accounting the U.K.

Banking 75

Banking Compliance Prioritization Auditing 75

PYMNTS

SEPTEMBER 28, 2020

Businesses and consumers must prioritize cyber resilience and recognize that it is everyone's responsibility to protect their data," said OpenText CEO and Chief Technology Officer Mark J. million was stolen from one company via accounts payable (AP) fraud , the Chicago Tribune reported. Barrenechea in a statement.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96