PYMNTS

APRIL 21, 2020

Financial institutions (FIs) are among the entities that are working to securely meet clients where they are through mobile and online channels to complete tasks that would more often be completed in person. The technology is available at bank branches and remotely via mobile and its website. and 34 other countries.

Accounting 121

Accounting Banking Securities Communication 121

PYMNTS

NOVEMBER 2, 2018

Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of data between customer accounts and third parties. and multinational banks.

Securities 77

Securities Banking Accounting Finance 77

PYMNTS

JUNE 24, 2020

Zopa , the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial Times reported. “We million) to become a challenger bank. In December, PYMNTS reported Zopa expected to receive £130 million ($1.67

Banking 86

Banking Securities Economics Retail 86

Strategic Treasurer

MAY 12, 2022

Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency. AI and ML Investments Expected to Grow, Supporting Security and Fraud Prevention. Atlanta, GA] May 12, 2022 — Today, Strategic Treasurer and Kyriba release the results of the Non-Banking Financial Institution (NBFI) Survey.

Prioritization 52

Prioritization Compliance Securities Benchmarking 52

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. Adapting To Open Banking .

Securities 76

Securities Banking Compliance Accounting 76

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. Collaborating with FinTechs is a valuable strategy for banks, noted Sigovitch. ” Offering the Right Tools.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

CFO News

APRIL 24, 2024

Russian financial institutions have been negotiating with the Reserve Bank of India (RBI) to use the rupees in special accounts in India for investment in stocks and securities. Currently, 10 Russian institutions, including its largest lender, have registered as foreign portfolio investors (FPIs) with Sebi.

Accounting 40

Accounting Planning Investments Securities 40

PYMNTS

AUGUST 3, 2020

banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. We are thrilled to be collaborating with Google to offer our student customers enhanced digital bank accounts,” Luvleen Sidhu , BankMobile’s co-founder and CEO, said on Monday (Aug. Six additional U.S.

Accounting 95

Accounting Banking Budgeting Leverage 95

PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. where there is no open banking regulatory mandate. HashCash Brings Blockchain Tech To Unnamed Bank.

Banking 142

Banking Reconciliations B2B Financial Data 142

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 The big question for me is what on earth did EY do when they signed off the accounts?”

Accounting 116

Accounting Auditing Accounting Firms Banking 116

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

SEPTEMBER 30, 2020

Paris-based business bank Memo Bank is offering a new product three months after obtaining its full banking license, the company said on Wednesday (Sept. percent and apply to deposits of up to $117,000 or $134,000," the bank's news release states. Rates vary between "0.15 percent and 0.30 million and $59 million.

Accounting 52

Accounting Banking Forecasting Finance 52

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

PYMNTS

JANUARY 22, 2020

Will India prove to be a model for open banking ? As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. Banks and other financial firms, in turn, must be verified by the reserve bank.

Accounting 52

Accounting Banking Education Leverage 52

PYMNTS

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. The Fraud Threats Facing Digital-First Banks. This increased digital presence also brings a greater risk of digital fraud, however.

Securities 85

Securities Construction Leverage Banking 85

PYMNTS

JANUARY 11, 2021

A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched, according to a complaint. In October, Robinhood reported hackers had obtained some customers' account information. Robinhood, the lawyers state, hasn't kept up.

Accounting 96

Accounting Securities Investments Banking 96

PYMNTS

OCTOBER 12, 2018

The world can be a scary place these days, especially for banks. banks, and these attacks are increasing in both frequency and sophistication. Two-thirds of banks and 83 percent of FIs have experimented with the technology already. According to recently released reports , fraudsters are continuously targeting big U.S.

Securities 76

Securities Banking Technology Communication 76

CFO Share

DECEMBER 14, 2022

What is accounts payable ? What is accounts payable? Accounts payable is short-term obligations (aka bills) due to vendors for services or goods received. AP statements are a standard report out of all accounting systems. What are examples of accounts payable? What is the accounts payable process?

Accounts Payable 52

Accounts Payable Accounting Education Invoicing 52

PYMNTS

DECEMBER 16, 2020

Ternio , a global FinTech platform, has integrated with Plaid , a financial data company, to help Ternio BlockCard bank accounts access faster and more secure connections to financial accounts, according to a press release. dollars between all of their accounts.”. Earlier this year, Ternio started to allow U.S.

Accounting 106

Accounting Financial Data Securities Banking 106

PYMNTS

MAY 1, 2020

It has always been important for CUs to understand members’ banking habits and adapt to their needs, but doing so has become all the more imperative during the ongoing COVID-19 pandemic. Many CUs are doubling down on their efforts to digitize their services in a secure manner. ” Adapting To Changes.

Securities 63

Securities Banking Accounting Education 63

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.

Banking 136

Banking Reconciliations Compliance Finance 136

PYMNTS

NOVEMBER 27, 2020

Some are turning to virtual cards to keep their debit account numbers safe, providing shoppers with newly generated codes that can be restricted to work only when paying specific merchants or used just once before expiring. Firms are also prioritizing security as they transact online more heavily as well.

Securities 78

Securities Prioritization eCommerce Education 78

PYMNTS

NOVEMBER 16, 2020

Fast-growing payments automation firm Transcard is rolling out an account-to-account (A2A) solution that it says will boost the speed and efficiency with which buyers and sellers are able to exchange money and data, while reducing risk as well. 16) press release issued by the Chattanooga, Tenn.

Accounting 69

Accounting Invoicing B2B Banking 69

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Around The Security And Authentication Space. presidential election.

Securities 55

Securities Banking Technology Financial Data 55

PYMNTS

NOVEMBER 5, 2020

Small business Banking-as-a-Service rises to the top in this week's roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality.

Banking 103

Banking Treasury Securities Startups 103

PYMNTS

DECEMBER 1, 2019

Small business accountants have said they are now forced to manually transfer data between payroll and human resources solution providers Gusto and Zenefits after the two companies abruptly ended their application programming interface (API) integration, AccountingToday reported.

Securities 81

Securities Accounting Banking B2B 81

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. Open banking-facilitated apps can offer tailored support, reducing the need for in-person services.

Securities 69

Securities Banking Leverage Accounting 69

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 Investments Securities 76

PYMNTS

JANUARY 20, 2021

The ongoing pandemic has pushed more consumers online to carry out their shopping and banking, with fraudsters following suit. Bad actors have moved to take advantage of the rush to digital payments — particularly those made with debit cards — leaving banks and financial institutions (FIs) racing to keep them off their platforms.

Securities 52

Securities Banking Education Economics 52

PYMNTS

DECEMBER 9, 2020

The head of accounting at Deutsche Bank is temporarily stepping down in the wake of the Wirecard scandal, the Financial Times reports. The move comes as Deutsche Bank and Andreas Loetscher are now in the scope of the investigation over Loetscher’s previous role at EY, the auditor of the disgraced payments company Wirecard.

Accounting 60

Accounting Banking Auditing Leadership 60

PYMNTS

NOVEMBER 16, 2020

FinTech with a focus on small businesses secures a restricted banking license. Mastercard has added a new Account-to-Account (A2A) service to its Track Business Payment Service , to help businesses exchange data more efficiently and perform payments across multiple rails, a press release says.

B2B 56

B2B Securities Banking Accounting 56

PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. The firm connects small businesses with real-time financial data to manage accounting and cash flow. Accounting automation company Georges, based in France, landed $42.4

B2B 81

B2B Securities Startups Investments 81

PYMNTS

MAY 2, 2019

Some of Metro Bank’s largest customers left the institution following revelations of accounting mistakes, according to Wednesday (May 1) reports in the Financial Times. “A small number of large commercial and partnership customers” decided to leave the bank, he said. percent of its portfolio, reports said.

Accounting 49

Accounting Banking Numbers Securities 49

CS Lucas

APRIL 28, 2023

This article provides an overview of the integration between banks and the CS Lucas Treasury Management System, highlighting the benefits, methods, and costs of integration. Streamlined payment processing : Integration enables payment instructions to be automatically pushed to the bank for settlement, reducing manual intervention and delays.

Banking 52

Banking Reconciliations Transportation Securities 52

PYMNTS

JANUARY 28, 2021

With 6 in 10 financial institutions (FIs) turning to digital channels for customer acquisition and the mobile experiences those customers now expect, digital-first banking is much on the minds of consumers, regulators and, most assuredly, bad actors. Quick And Seamless Security. It’s on banks to deter them.

Banking 97

Banking Budgeting Securities Leverage 97

PYMNTS

OCTOBER 28, 2019

Smart accounting app Coconut aims to automate bookkeeping for self-employed and small businesses (SMBs) around the U.K. The platform is already being used by 15,000 people and 500 accountants, enabling sole traders and limited SMBs to manage their business finances. Launched in 2016, Open Banking required the nine largest U.K.

Accounting 40

Accounting Banking Finance Financial Data 40

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. Business Climate.

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Banking Strategic Planning CFO Treasury 98