PYMNTS

SEPTEMBER 29, 2017

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

Treasury 56

Treasury Banking Compliance Risk Management 56

Bramasol

SEPTEMBER 29, 2023

Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.

IFRS 95

IFRS Technology SAP Compliance 95

Reval

MAY 17, 2017

Want to know what your peers are reading on treasury and risk management ? Discover the content your fellow treasury professionals felt were most helpful, and brush up on your skills for the quarter ahead. The post Top 4 Articles for Treasury and Risk Management appeared first on Reval. Read the Case Study. Read the Case Study.

Risk Management 52

Risk Management Treasury Manufacturing Compliance 52

Strategic Treasurer

APRIL 5, 2022

Securing Payments: Adapting to Old Challenges and New Threats. Description : Payment professionals are often focused on two key goals: efficiency and security. These goals can seem to be in conflict, as the long-term focus on efficiency is confronted with new requirements for compliance, control, and external security.

Securities 52

Securities Compliance Education Accounting 52

Future CFO

FEBRUARY 13, 2023

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

DECEMBER 9, 2020

This includes building a governance framework to evolve technical, policy, compliance, security and operational standards for the issuing and use of fiat digital currencies and stablecoins.” .

Currencies 103

Currencies Treasury Compliance B2B 103

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. With the treasury market for S&P 500 companies valued at $2.3

Treasury 129

Treasury Currencies Benchmarking Cash Management 129

CS Lucas

MARCH 30, 2021

CS Lucas has launched a new Treasury Management System designed to ensure the reliance upon spreadsheets in treasury is eliminated. CS Lucas Essentials is our new, cost effective treasury management solution that will provide treasurers with quick access to an industry proven and matured system. 2 accounting centres .

Treasury 52

Treasury Forecasting Cash Management Compliance 52

PYMNTS

JUNE 4, 2020

Ensuring such payments are secure from bad actors is a priority for the banks that process them. These transactions are not without security risks, they added, meaning banks must be on the lookout for fraudsters seeking to intercept B2B payments. API security. Benefits Of APIs .

Securities 60

Securities B2B Compliance Restructuring 60

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

Bramasol

MARCH 10, 2023

As shown below, BRIM supports a holistic approach to DSE that seamlessly interfaces with third-party or legacy customer engagement systems on the front-end and also integrates directly with payments, collections and revenue compliance on the back-end.

SAP 84

SAP Manufacturing Compliance Leverage 84

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

Nerd's Eye View

JANUARY 13, 2023

Also in industry news this week: A study suggests that simplification is the top reason consumers combine their investment accounts, signaling that the onboarding process for new advisory client assets is a value-add in itself.

Treasury 66

Treasury Compliance Investments Accounting 66

PYMNTS

JULY 7, 2020

The companies noted that Oxbury, which secured its full banking license in early-2020 with plans for a full launch later this year, will focus its services on the agricultural food chain with lending and payments services. Oxbury will gain access to ClearBank’s clearing and payments capabilities, enabling the bank to gain access to U.K.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

DECEMBER 10, 2020

Commercial clients using SWIFT gpi for corporates can also get alerts about inbound and outbound payment status directly to their treasury management system. The tool is aimed at improving speed, security, transparency and compliance. . and Ireland at SWIFT. . and Ireland at SWIFT. . earlier this month.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

JUNE 24, 2020

The termination followed the resignation of the company’s CEO Markus Braun after auditors revealed the money was missing from escrow accounts at the two Asian banks. Braun, 50, who was arrested Monday night (June 22) on charges of misrepresenting Wirecard’s accounts and market manipulation, posted bail of 5 million euros ($5.6

Treasury 130

Treasury Compliance Banking Accounting 130

Future CFO

APRIL 21, 2021

So, what does the New Accounts Payable department look like? The new accounts payable department has a more intense focus on cash flow and payment terms and takes a more disciplined approach to its financial processes to work toward optimising the cash conversion cycle. What has changed, and what changes are here to stay? DOWNLOAD NOW.

Accounts Payable 40

Accounts Payable Accounting Invoicing Finance 40

PYMNTS

DECEMBER 17, 2018

Department of the Treasury, has assessed a $14.5 million fine against UBS Financial Services (UBSFS) for willful violation of the Bank Secrecy Act, according to a treasury report. The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S.

Banking 55

Banking Treasury Securities Compliance 55

Future CFO

JANUARY 22, 2020

Some corporates have more than hundreds of accounts,” Lim pointed out. It aims to streamline repetitive and time–consuming compliance process for corporates, Lim noted, adding that it’d help to standardise the document regardless of where the banks are located. The post KYC to become more challenging appeared first on FutureCFO.

Compliance 52

Compliance Treasury Banking Securities 52

PYMNTS

FEBRUARY 10, 2020

. “The real-time integration of SnapPay with the SAP solution is enhancing our process efficiency, reducing our overall cost of doing business and simplifying payment card industry compliance,” said Daoud Ali, IT executive director of Brewster. The solution also computerizes corporate treasury operations.

SAP 67

SAP B2B Accounts Payable B2C 67

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer.

Treasury 66

Treasury Cash Management Compliance Startups 66

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . HSBC To Staff: Stay Off Bank’s Social Media Accounts . Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc.

Accounts Payable 61

Accounts Payable Treasury Construction Accounting 61

CFO News Room

NOVEMBER 30, 2022

And yet, despite the prominent role of taxes in financial planning, advisors are often prohibited by their compliance departments from making recommendations for a specific course of action on a certain tax strategy. Affects how much can be saved to pre- and after-tax accounts ! Property and casualty insurance? Credit card rewards ?

Tax Planning 130

Tax Planning Compliance Planning Communication 130

PYMNTS

OCTOBER 7, 2020

The second is transaction timing, which can make sure that the customer actually has sufficient funds in their account at the time of payment authorization. The first is “wallet cleanup,” which ensures that customer payment credentials are up to date. Then during the initial transaction, there are three levers the merchant should focus on.

Cash Flow Forecasting 103

Cash Flow Forecasting Accounts Payable Forecasting Treasury 103

PYMNTS

MARCH 17, 2020

Morgan’s Head of Wholesale Payments Solutions Lia Cao, corporate treasury solutions must be digital, flexible and holistic. While banks provide the global scale and security treasurers need, FinTechs can provide targeted solutions and an elevated user experience. According to J.P. Providing Forward-Thinking Scale.

Treasury 69

Treasury Reconciliations Banking Compliance 69

PYMNTS

MARCH 23, 2020

More companies are focusing now on the onboarding process as a first line of defense against sleeper fraud, by making sure that fewer fake accounts get created to begin with. The decision to automate accounts payable (AP) is critical given today’s demanding clients, but it’s also becoming indispensable for forging strong relationships.

Accounts Payable 52

Accounts Payable Treasury Accounting Compliance 52

Future CFO

AUGUST 24, 2020

There is no business continuity without secured liquidity and cash flow. Automation of treasury processes is of utmost necessity, not only to save costs, but also to ensure timely and accurate payments in an environment where treasury employees no longer work in the same physical office.

SAP 40

SAP Treasury CFO Credit Risk 40

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

CFO Talks

NOVEMBER 10, 2022

CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. I had a very good accounting teacher and that is when I leaned towards accounting.

CFO 52

CFO Budgeting Communication Problem Solving 52

PYMNTS

OCTOBER 19, 2020

Remittances between migrant workers and their families could also account for hundreds of billions of dollars. Sixty-one percent of treasury professionals in a recent survey said that the time involved in finding out why payments failed had been a drain on company resources.

Technology 77

Technology Securities Treasury Banking 77

PYMNTS

MAY 13, 2020

Speaking with Karen Webster, Citi Commercial Bank Senior Vice President and Treasury Sales Officer Thor Perplies described the experience of working with Flywire to facilitate the movement of funds from the U.S. to China within only a few hours in order to secure a PPE shipment for healthcare providers.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

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. As with Scenario One, unified and consistent data will be key.

SAP 88

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

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. Department of the Treasury ’s Financial Crimes Enforcement Network (FinCEN) has known about the BEC, and has cautioned against opening such phishing emails. As reported, the U.S.

Compliance 49

Compliance Auditing Treasury Banking 49

PYMNTS

AUGUST 15, 2019

Deep Data For Swift, Secure Payments . This would enable recipients to see detailed payroll information when viewing their personal bank account balances. Seventy countries had adopted the standard as of May 2018, and it is expected to support 87 percent of the world’s financial transactions by 2023. Interoperability And Adoption .

Treasury 58

Treasury Prioritization Compliance B2B 58

PYMNTS

MAY 11, 2020

The latter manages Direct Express, the Fed’s electronic payment system under which Comerica Bank “acts as the Treasury Department’s financial agent for prepaid debit cards,” according to PYMNTS reporting. What’s clear in the May 2020 Disbursements Tracker® is that from compliance to security, it’s a job for the experts.

Currencies 52

Currencies Treasury Compliance Banking 52

PYMNTS

NOVEMBER 16, 2018

Other nations that are looking at adopting Open Banking — along with rollouts of APIs — include Hong Kong, with APIs slated for debut in 2019 and Australia, which is eyeing Treasury Open Banking by next summer. Along the way, the most valuable scenarios of data-as-value-realization come where money is saved managing business accounts.

Banking 63

Banking Compliance Treasury Sales 63

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