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

The Finance Weekly

AUGUST 26, 2023

The subsequent aspect is market liquidity risk, which emerges when a company requires more time to vend assets or securities in a market that is experiencing a downturn or characterized by volatility. AI offers continuous monitoring, streamlined reporting, and predictive analytics for overseeing cash across bank accounts.

Risk Management 52

Risk Management Profit and Loss Currencies Compliance 52

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

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

E78 Partners

FEBRUARY 14, 2024

Access to capital: Securing financing for growth initiatives and working capital can be challenging, as middle-market companies may find it more difficult to access debt and equity markets compared to their larger counterparts. Improve decision-making: Timely, accurate, and relevant data is essential for informed decision-making.

Financial Planning and Analysis (FP&A) 52

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

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. Financial Companies’ Security And Regulatory Obligations .

Compliance 75

Compliance Currencies Leverage Finance 75

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

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

NOVEMBER 13, 2020

Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. The company secured the funding from an unnamed angel investor, reports said. and Hong Kong. and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

Future CFO

DECEMBER 11, 2023

Beyond improving supplier relationships, and better control over working capital, other benefits include better security given the increased visibility of payment details, and improved ROI with the anticipated lowering of bank wire fees. Real-time payments also mean account balances stay up-to-date.

Banking 98

Banking Finance CFO Leverage 98

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

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

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

JANUARY 29, 2019

Much of that spend (nearly one-third, by Gartner accounts), will go toward investment in consulting and implementation services as companies seek guidance for changing cybersecurity regulations like GDPR in Europe. Less than half of IT professionals in the U.S.

Investments 59

Investments Compliance Education Benchmarking 59

Future CFO

MAY 15, 2023

Information from every corner of the business and world is centralised, secured, and accessed from anywhere — leading to greater agility and faster, more confident decision-making. By assessing risk positions and gaining insights into commodity price changes and currency conversion rates, businesses can better mitigate financial risks.

IFRS 52

IFRS SAP Accounts Payable Compliance 52

PYMNTS

FEBRUARY 18, 2019

Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. However, the company first rolled onto the scene as a partner of GunBroker , allowing the firearms retailer to offer its own digital coin as a more secure form of payment.

B2B 70

B2B Compliance Accounts Payable Securities 70

Spreadym

SEPTEMBER 12, 2023

Account for Savings and Investments: Allocate a portion of your income for savings, investments, or emergency funds. Pay yourself first by setting aside money for your future financial security. Account for Debt: If you have outstanding debts, include debt payments in your budget.

Budgeting 59

Budgeting Strategic Planning Forecasting Economics 59

PYMNTS

MAY 11, 2020

The bill encourages digital currencies use, meaning that the funds could be disbursed using a central bank-backed digital currency,” the report states, adding, “It is unlikely that the Fed may embrace a digital currency during the pandemic, yet the idea of disbursing funds to digital wallets is more palatable.”.

Currencies 52

Currencies Treasury Compliance Banking 52

PYMNTS

APRIL 3, 2018

We can view debits, credits and import those entries into our accounting system to reconcile with our own books. Announced last month, the solution offers a suite of tools for SMBs and entrepreneurs, including accounting, expense management, customer relationship management (CRM) and document management.

Banking 70

Banking Currencies Compliance B2B 70

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

AUGUST 24, 2020

Marketplaces must often manage currency conversions and meet other localized payment preferences that vary by market. Tackling The Currency Challenge . Many freelance professionals also find it important to receive funds in their local currencies — 66.7 percent said they wanted to be paid on time. highlighted this need.

Education 60

Education Currencies Economics Entertainment 60

PYMNTS

NOVEMBER 14, 2019

But when we talk about global payroll, we’re talking about the same process, but in different languages, with different currencies, and with different salary structures, and possibly even different types of benefits. Compliance is still a major challenge.

Compliance 50

Compliance Currencies Technology Banking 50

PYMNTS

SEPTEMBER 25, 2018

The company is also supporting financial services providers’ compliance and security requirements, and working with these firms’ developers to facilitate the development of new tools reliant on data. Office of the Comptroller of the Currency (OCC) has reignited that pressure.

Banking 51

Banking Financial Data Compliance Currencies 51

PYMNTS

NOVEMBER 23, 2020

He stated that the Figure Pay account will be interoperable with other accounts and payment methods (bypassing some of the vagaries of “closed” systems like MCX, now long-defunct). But they also offset some of those savings due to the regulatory costs and overhead that comes with compliance burdens.

Banking 86

Banking Leverage Compliance Technology 86

PYMNTS

OCTOBER 17, 2019

The move is said to signal China’s willingness to open up its payment industry to foreign investors after similar forays in the securities, investment and insurance areas. Authorities Demand Accounting Details From Germany’s Wirecard. Approximately $39 trillion in mobile payments were made in China in the past year.

Currencies 40

Currencies Compliance Accounting Securities 40

PYMNTS

MARCH 20, 2019

The idea that blockchain can be divorced from the crypto realm and used to trade and store assets is quickly gaining, well, currency. In the traditional financial world, this would mean storing your money in your home, clearly a security issue.” Blockchain for Trading . It means keeping your assets yourself, not with someone else.

Currencies 58

Currencies Securities Compliance Communication 58

PYMNTS

MARCH 2, 2016

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments. The Case For XRP .

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

Bramasol

APRIL 15, 2024

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation. to drive financial models.

SAP 88

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 88

PYMNTS

FEBRUARY 2, 2021

You have these ‘local Amazons’ that are cropping up,” he told Webster, “and if you integrate with them, then you have merchants in meaningful numbers driving digital currency activity. Issuing plays a critical role too — as Webster stated, users need secure credentials in place to transact.

eCommerce 94

eCommerce Compliance Numbers Currencies 94

PYMNTS

MARCH 5, 2019

If the digital economy crosses borders – with commerce always on, across time zones and currencies – the platform model should be a perfect fit for those who seek to literally cross borders, or even just get away from it all for a bit. She stated, too, that a fraud detection team is tasked with watching for and preventing account takeovers.

Prioritization 59

Prioritization Currencies Securities Education 59

PYMNTS

FEBRUARY 15, 2019

Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials. This came against the background of reports in the Financial Times ( FT ) that such activities had included forgery and fake accounting — and that “round tripping” had inflated revenues.

Compliance 49

Compliance Auditing Treasury Banking 49

PYMNTS

AUGUST 18, 2017

Israch said that tasks as far ranging as supplier management, invoice processing and regulatory compliance can be managed through Tiaplti’s AP Hub. Tipalti’s vision is to free the finance and payments team from the minutiae and complexity and risk involved in today’s accounts payable and supplier payments workflow,” Israch said.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Startups 43

Startups Compliance Accounts Payable Invoicing 43

Future CFO

AUGUST 24, 2020

There is no business continuity without secured liquidity and cash flow. Further uncertainty comes from capital markets, for example, currency exchange rates, interest rates and commodity prices; impacting near term liquidity situation. Application security remains at top of mind to combat increased risk of cybercrime from home.

SAP 40

SAP Treasury CFO Credit Risk 40

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Startups 40

Startups Compliance Accounts Payable Invoicing 40

PYMNTS

MARCH 26, 2018

The latest changes come as probes into the company’s actions continue, with people familiar with the matter telling The Wall Street Journal that the Office of the Comptroller of the Currency is close to finalizing its own action against the bank. All are retiring in April, May or June. However, the FI can still lend and take deposits.

Risk Management 40

Risk Management Compliance Currencies Banking 40

PYMNTS

AUGUST 1, 2019

This type of interoperability is almost exclusively used for cross-border payments, allowing consumers to make credit card purchases in countries with domestic currencies different from their own. Modo recently secured $13 million in Series A financing, indicating the industry’s interest in such tools. Federal Reserve created in 2015.

Currencies 43

Currencies Compliance Securities Banking 43