PYMNTS

DECEMBER 9, 2020

The accelerated growth of USDC over the course of this year is the result of our active work to establish an open standard for fiat digital currency on the internet,” Puth said in a statement. Cuy Sheffield , head of the crypto at Visa, said this is the first business card that will make the balance of USDC available for spending.

Currencies 103

Currencies Treasury Compliance B2B 103

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. Reports in Reuters on Friday (Sept.

Accounting 74

Accounting Banking Startups Currencies 74

PYMNTS

NOVEMBER 9, 2018

MoneyGram shares sank as much as 25 percent during intraday trading on Friday (November 9), as the company reported results that reflected the impact of new compliance rules to stop fraudulent transactions, which has hurt top line momentum — and which will continue. Compliance Efforts, Continued. Bill payment revenues were $17.4

Compliance 64

Compliance Restructuring CFO Currencies 64

PYMNTS

AUGUST 27, 2018

The initial verdicts of General Data Protection Regulation (GDPR) are in, at least in terms of compliance – or lack thereof. In news this past week, studies have shown that compliance rates are indeed low, three months in. are in compliance. And in the land of cryptos, in China , the crackdown on digital currencies continues.

Compliance 40

Compliance Budgeting Currencies Securities 40

https://trustedcfosolutions.com/feed/

JUNE 2, 2022

In that case, you may be looking for more powerful real-time accounting solutions to provide you with a better view of your entire operation and help with things like taxation, HR, multiple currencies, and more. Secure access to your key data from anywhere, at any time, because your accounting solution is cloud-based.

Finance 104

Finance General Ledger IFRS GAAP 104

CFO News Room

JANUARY 2, 2023

job market remains tight and the demand for the kind of talent the crypto industry seeks is still high , including for professionals that handle the legal and compliance business at firms. I worked with plenty of compliance folks who came from Lehman Brothers…Is it gonna be career-ending for some people? Sam Bankman-Fried.

Compliance 130

Compliance Communication Accounting Currencies 130

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. “It’s not only about understanding the compliance procedures of the business itself,” said Karalevi?ius,

Banking 113

Banking Compliance Currencies B2B 113

PYMNTS

DECEMBER 12, 2018

Bitwala has rolled out digital currency banking services in Germany through a partnership with a regulated FinTech firm that has a banking license, CoinDesk reported. Through the offering, customers can control deposits in both euros and bitcoin (BTC), in the same place, through the “safety and convenience” that a bank account provides.

Accounting 55

Accounting Currencies Compliance Banking 55

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. Establishing Trust And Confidence.

Treasury 129

Treasury Currencies Benchmarking Cash Management 129

https://trustedcfosolutions.com/feed/

JULY 19, 2022

QuickBooks is recognized for being a great basic accounting tool, and it is used by a lot of small businesses because it is user-friendly and affordable. Still, it is not an accounting solution that can handle business processes apart from financials. Sage Intacct is a cloud-based accounting solution that offers much, much more.

Accounts Payable 113

Accounts Payable Auditing Compliance Accounting 113

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

Currencies 139

Currencies Compliance Economics Investments 139

Reval

MARCH 7, 2017

IFRS 9 is changing hedge accounting forever. Under IAS 39, many hedges that did not qualify for hedge accounting may qualify now. The fair value movements of the hedges caused significant P&L volatility, as they did not qualify for hedge accounting under IAS 39. Hedge Accounting with Reval. 3) Competitive Advantage.

IFRS 52

IFRS Accounting Risk Management Treasury 52

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either. Cross-Border Headaches.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Banking 85

Banking Planning Currencies Startups 85

VCFO

AUGUST 16, 2023

With structuring, the large sums are divided into individual deposits of less than $10,000 made by different people at different institutions and different accounts to evade reporting requirements. Actions banks are taking range from requiring customers to submit additional information to, in some cases, freezing or closing accounts.

Compliance 87

Compliance Banking Risk Management Currencies 87

PYMNTS

APRIL 22, 2020

But when it comes to establishing operations abroad and managing money throughout the globe — whether it be reconciling finances across multinational business units or paying suppliers in foreign currencies — the challenges are vast. Neat aims to ease this friction by offering SMBs an alternative to the traditional bank account.

Currencies 96

Currencies Advertising B2B Finance 96

PYMNTS

OCTOBER 10, 2019

Its announcement came the day after crypto exchange Binance tweeted that it is now accepting fiat currencies via Alipay, as well as via mobile messaging and payment app WeChat. To reiterate, Alipay closely monitors over-the-counter transactions to identify irregular behavior, and ensure compliance with relevant regulations.

Currencies 67

Currencies Compliance Accounting Planning 67

PYMNTS

JULY 28, 2020

This month’s Deep Dive examines how eCommerce platforms can appeal to merchants worldwide by catering to sellers’ preferences and tailoring their compliance approaches to different locations. . Domestic Seller Currencies. Sellers can also struggle to swiftly reconcile payments in currencies that do not match those listed on invoices.

Marketing 63

Marketing Currencies eCommerce Compliance 63

PYMNTS

MARCH 30, 2020

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). The CECL accounting standard focuses on estimated losses over the life of a loan; the previous standard still used by many lenders relies on incurred losses.

Accounting Standards 66

Accounting Standards Banking Credit Risk Compliance 66

PYMNTS

FEBRUARY 28, 2020

One of the latest FinTech firms to do so is accounts payable (AP) automation company Centsoft , which recently announced a data integration with QuickBooks Online. It’s one thing to enable two B2B FinTech platforms — like an accounts payable and accounting platform — to share data with each other.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

The Finance Weekly

AUGUST 26, 2023

AI offers continuous monitoring, streamlined reporting, and predictive analytics for overseeing cash across bank accounts. Currency Fluctuation The chance of encountering money shortages when changing currencies in different countries where a company operates.

Risk Management 52

Risk Management Profit and Loss Currencies Compliance 52

E78 Partners

FEBRUARY 14, 2024

Regulatory compliance: The ever-changing regulatory landscape may pose challenges for middle-market CEOs who need to ensure that their organizations are compliant with all relevant regulations while managing the risks and costs associated with compliance.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Marketing Compliance Communication 52

Future CFO

APRIL 18, 2022

DOWNLOAD NOW. The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO.

Finance 52

Finance IFRS GAAP Accounting Principles 52

PYMNTS

SEPTEMBER 15, 2020

Having multiple providers ensures merchants can still access funds from their card transactions even if one bank provider stops operating in a certain industry or currency, for example. A Single Digital EU Market. That framework can be applied to merchants' payment solution providers, too. “To All parties in the payment ecosystem.

B2B 119

B2B Risk Management Compliance Prioritization 119

PYMNTS

MARCH 11, 2020

The recent resignations of Wells Fargo board Chairman Elizabeth Duke and board member James Quigley drew criticism by Congress during the first hearing on Capitol Hill on Wednesday (March 11) about the bank’s fake accounts scandal, Bloomberg reported. . This company must move forward.”. Duke and Mr. Quigley” were alarming. .

Prioritization 76

Prioritization Compliance Currencies Banking 76

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. The tool is aimed at improving speed, security, transparency and compliance. . 10) press release. and Ireland at SWIFT. . earlier this month.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

OCTOBER 23, 2018

While wire remains a popular rail for global transactions, BofA Merill said, “Many smaller banks lack the infrastructure, the accounts and the mechanisms to handle the currency conversions themselves.” The solution is supported across 89 countries and can make conversion in 41 currencies, the bank noted.

Foreign Exchange 76

Foreign Exchange Banking Currencies Compliance 76

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”. The group was comprised of between approximately 90 and 150 check cashers in the New York and New Jersey area.

Banking 107

Banking Compliance Currencies Financial Systems 107

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5 million. .

Compliance 75

Compliance Currencies Leverage Finance 75

PYMNTS

FEBRUARY 19, 2020

The summit, according to BloombergTax, will include four 90-minute panels on technology updates, problems with cryptocurrency exchanges, tax return preparation and regulatory guidance and compliance. The attack comes just days after the first one, which claimed over $350,000 worth of digital currency from the bank.

Currencies 67

Currencies Treasury Compliance Accounting 67

PYMNTS

MAY 21, 2020

Comptroller of the Currency Joseph Otting will step down from his post on May 29, according to a press release. “I Otting’s tenure saw the Office of the Comptroller of the Currency (OCC) rationalizing the capital and liquidity rules to help banks serve customers’ needs while remaining safe, the release states.

Currencies 52

Currencies Budgeting Compliance Economics 52

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. When every invoice is fully accounted for within a firm, he explained, financial professionals gain insight into the real sources of revenue — as measured against costs.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

Spreadym

APRIL 27, 2023

Risk management: These tools help users identify and manage financial risks, such as market fluctuations, interest rate changes, and currency exchange rates. Choosing a financial analysis and planning software, users should ensure that the software is secure and meets any compliance requirements for industry or location company works.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

PYMNTS

NOVEMBER 10, 2020

Immigrants must quickly establish local bank accounts in their host countries so they can easily receive payroll, and many also seek seamless, cost-effective ways to send money back home. These customers may struggle to find convenient services, however. customers to recipients in Asia and Europe. Consumers who move to the U.S.

Banking 86

Banking Compliance Currencies Financial Systems 86

PYMNTS

NOVEMBER 10, 2020

To get a sense of just how hard it is for cryptocurrencies to gain, well, currency in everyday life, consider bitcoin, perhaps the granddaddy of cryptocurrencies — and still the 900-pound gorilla in the space, with roughly two-thirds of the market cap across the entire sector. Back in May, i2c Inc. The Demographics — And Digital Fiat .

Currencies 129

Currencies Leverage Securities Banking 129

PYMNTS

APRIL 26, 2019

The company also said digital accounts can be used to activate and tokenize other digital accounts across various mobile pay wallets. Amazon itself does not handle the bitcoin, and it was not clear which financial institutions are converting it from crypto to fiat (real currency) so merchants can receive actual money.

B2B 70

B2B Compliance B2C Currencies 70

PYMNTS

NOVEMBER 4, 2020

Morgan said it had established Onyx, a new business unit dedicated to blockchain and digital currencies. The ledger, tied to blockchain, allows banks to exchange data about payments, resolve compliance inquiries and validate accounts. The conversation took place against the backdrop where, late last month, J.P. Liink, J.P.

Healthcare 131

Healthcare Compliance Currencies Banking 131