PYMNTS

DECEMBER 18, 2020

According to Finicity, the move extends its leadership in providing direct data access through the use of APIs to the FinTech category. The access will allow Brex customers to link accounts to apps that use Finicity’s secure data network.

Leadership 97

Leadership Financial Data Leverage Banking 97

Spreadym

JULY 21, 2023

Digital transformation in finance refers to the process of integrating digital technologies and innovations into all aspects of financial services and operations within a financial institution or organization. What is a Goal of Digital Transformation in Finance?

Finance 52

Finance Prioritization Compliance Leverage 52

Future CFO

AUGUST 21, 2023

As a profession we have made significant progress over the years leveraging technology to streamline how we manage historical data and more recently, leveraging analytics on predicting outcomes. An example would be using Natural Language Processing (NLP) to analyse contracts and recommend the correct accounting treatment.

Finance 98

Finance Compliance Data Analysis Leverage 98

FISPAN

JANUARY 12, 2022

Financial institutions (FIs) are under pressure to drive innovation in financial data access for the commercial banking space. Banking customers are seeking more control over their banking data than ever before. The end result?

Reconciliations 96

Reconciliations Banking Securities Leverage 96

PYMNTS

NOVEMBER 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. Last week, the Department of Justice gave the green light to Mastercard’s $825 million acquisition of data aggregator Finicity.

Nonprofit 117

Nonprofit Banking Financial Data Education 117

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

Future CFO

NOVEMBER 15, 2023

Ervina Waty : Here are some key changes that CFOs might need to put in place: Enhanced Data Governance and Quality Control CFOs should implement stronger data governance practices to ensure the accuracy, consistency, and integrity of financial data. This accelerates decision-making and maintains accountability.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

JANUARY 25, 2024

Ronald Wong , ASEAN financial accounting services leader at Ernst & Young , said that in a rapidly changing business landscape, chief financial officers face the challenge of meeting contradictory demands amid market shifts, competition, and cost pressures.

CFO 94

CFO Finance Leadership Investments 94

PYMNTS

MAY 11, 2017

Xero , the online accounting software company, announced Wednesday (May 10) a partnership with Capital One Financial Corporation to simplify direct bank feeds, credit card data and the bank reconciliation process. Many of the world’s leading financial institutions now share this vision. small business customers.

Reconciliations 65

Reconciliations Financial Data Leverage Accounting 65

The Finance Weekly

FEBRUARY 8, 2023

Matt Mercier | Digital Realty , Matt Mercier has been promoted to the position of CFO at Digital Realty, a data center platform provider. Mercier, who joined the company in 2006, was previously the Senior Vice President of Global Finance and Accounting.

CFO 52

CFO Prioritization Finance Communication 52

PYMNTS

FEBRUARY 26, 2019

The Commission also said that banks will be responsible for sharing more financial data with FinTechs. The move comes a few weeks after South Korea said through the Financial Services Commission that a sandbox will be rolled out this year to help support FinTech development.

Banking 75

Banking Valuation Finance Leverage 75

PYMNTS

APRIL 14, 2017

The result of that effort is the company’s inaugural DataVisor Online Fraud Report, which analyzed more than 1 billion use4 accounts and 50 million malicious accounts to gain insights into what really makes fraudsters today tick. Another dangerous attack is account takeover (ATO). PYMNTS: What’s next in online fraud?

Accounting 44

Accounting Leverage Securities Financial Data 44

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. This means data cannot be retrieved, shared or even transferred by the aggregator without that consent. Also, the aggregator may not store data tied to the customer, such as passwords. “All

Banking 56

Banking Education Accounting Leverage 56

PYMNTS

OCTOBER 30, 2020

Businesses also prioritize having up-to-date financial status data that will enable them to carefully oversee liquidity across all their various bank accounts and to make accurate decisions. Carter noted that payroll transactions sent to prepaid cards or digital wallets are often secured via tokenization — a desirable feature.

B2B 59

B2B Economics Prioritization Banking 59

PYMNTS

DECEMBER 12, 2018

Some of them do so when they register their bank account credentials to their Venmo accounts, or set up an investment account with Robinhood , savings account with Acorns or loan repayment details with LendingClub. As long as the broader financial services ecosystem grows, Plaid will grow. and Canada. What’s Next.

Investments 59

Investments Banking Valuation Accounting 59

PYMNTS

FEBRUARY 5, 2018

The discussion around sharing financial data today is most often in reference to major industry happenings, like PSD2, Open Banking and the sudden influx of APIs in the financial services space. They’re entrusting that MSP to make sure their systems are up and running, and that the data is secure. ”

Finance 43

Finance Financial Data Invoicing Communication 43

PYMNTS

JANUARY 4, 2017

And that data was always stale, it was real-only and it potentially introduced some new security concerns.”. Especially in the smaller sector, where they’re hoping for more of what we like to call ‘security through obscurity,’” he said, “they feel like, if they’re small enough, they’re not going to get targeted.”.

B2B 47

B2B Manufacturing Securities Communication 47

PYMNTS

JUNE 13, 2018

The firm now offers a wide range of tools designed to give banks access to consumer account data and other insights, and in the process has given itself a new revenue stream. We then leverage that data using machine learning, algorithms and other technology to provide data-driven advice for end users.”.

B2B 46

B2B Financial Data Banking Technology 46

Planful

OCTOBER 19, 2021

From there, you can decide how to leverage your financial acumen and recommend the best way forward. Including transparent disclosures about executive compensation in your company’s annual report is key to practicing good governance and remaining accountable to your stakeholders—be it shareholders, investors, or employees.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Auditing Communication 40

PYMNTS

DECEMBER 20, 2019

FinTech firms have reportedly been accusing banks of preventing access to the financial data of end-users. With PNC Bank , in one case, clients noted they were unable to link accounts to Venmo. Combating fraud, however, comes at a cost, as burdensome security procedures may scare away legitimate customers.

B2B 40

B2B Data Analysis Retail Banking 40

PYMNTS

DECEMBER 7, 2017

It’s not hard to understand why the medium, small and micro-business owners of Canada would appreciate Interac e-Transfer , which enables them to send or receive funds instantly, directly from or to their bank account, as well as request payments from customers — minus the awkward face-to-face element of asking someone for money.

Invoicing 40

Invoicing Banking Accounting Leverage 40

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems.

Securities 96

Securities Banking Leverage Communication 96

PYMNTS

JUNE 19, 2019

billion people in the world without access to a bank account the ability to have one at no, or a low, cost. The “internet of money” is the mantra, making it as easy to send money around the world as it is to send a picture or video across the internet, but more securely, Facebook explained. Facebook said it simply wants to give the 1.7

Currencies 59

Currencies Nonprofit Banking Accounting 59

PYMNTS

JUNE 28, 2019

It wasn’t the only corporate T&E firm that secured new funding, though, nor was it the only B2B FinTech that raised venture capital. Serai likens itself to a professional social networking solution, and the backing by HSBC will allow Serai to leverage HSBC’s existing client base.

Valuation 43

Valuation Reconciliations B2B Startups 43

PYMNTS

APRIL 7, 2020

What we’re trying to do is leverage open banking to replicate a FedEx or Amazon experience where businesses know where their payment is at any given point of time, so they have real-time cash flow positioning.”. And the world of financial services is built on trust. That is a powerful offering.

Leverage 83

Leverage Banking B2C B2B 83

PYMNTS

MAY 27, 2016

-based digital financial solutions company Intelligent Environments, today’s financial fluidity contributes to a sense of powerlessness among spenders. Money is becoming more and more invisible as people use things like Apple Pay, or they have regular payments leaving their bank account,” Webber said.

Banking 40

Banking Technology Securities Financial Data 40

Navigator SAP

MARCH 11, 2022

Entrepreneurs often love leveraging the power of applications to accomplish their work, but how truly effective is your software if it’s all siloed in disparate systems? A more robust system can do so much more with your data and let you see how data from one application interplays with that from another.

Communication 227

Communication Leverage Forecasting Manufacturing 227

PYMNTS

JUNE 19, 2019

billion people in the world without access to a bank account the ability to have one at no or low cost. The “internet of money” is the mantra, making it, Facebook explains, as easy to send money around the world as it is to send a picture or a video across the internet, but more securely. Facebook, said simply, wants to give the 1.7

Currencies 40

Currencies Nonprofit Banking Accounting 40

PYMNTS

NOVEMBER 7, 2016

This makes up what he calls a digital handprint, which GIACT can compile by leveraging social and email intelligence, as well as looking at a device in real time. He noted that it also provides zero friction to the customer so that there’s a higher level of confidence with that merchant from the customer’s perspective.

Communication 73

Communication Leverage Financial Data Technology 73

Future CFO

MARCH 7, 2021

It’s important to learn from different industries and leverage each other’s best practices to create a more diverse and inclusive business environment. Wang: The conversation around gender parity in the finance and accounting is often centred around hiring women in senior roles, such as the CFO.

Finance 52

Finance SAP Leadership CFO 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

PYMNTS

JUNE 24, 2020

Specifically, payments giants are buying up data aggregators, which let consumers share data with thousands of apps — and in the process are taking on the roles of trusted intermediaries as information flows across the financial services landscape. We’ll leverage expertise, and we’ll leverage technology.”.

Financial Data 105

Financial Data Leverage Banking Securities 105

Jedox Finance

NOVEMBER 17, 2022

While these tasks are important, technological advances can help certified public accountant (CPAs) save time and focus on being a strategic business partner that adds value across the entire enterprise. Skill #5: Understanding the value-add for accounting in the Cloud. Skill #6: Unifying data stuck in accounting silos.

Budgeting 98

Budgeting Finance Forecasting Accounting 98

PYMNTS

NOVEMBER 9, 2020

there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. The mechanic of digital conduits, and the consent, open the door to digitization and data aggregation, simplifying and streamlining daily financial life.

Banking 114

Banking Financial Data Prioritization Economics 114

Bramasol

DECEMBER 13, 2021

This is another subject that we've been tracking closely and have addressed in a recent blog on Carbon Accounting Compliance. As a specific subset within broader Environmental, Social and Governance (ESG) reporting, carbon accounting has been the subject of much discussion, both by accounting bodies and governmental policy makers.

SAP 52

SAP Compliance Profit and Loss IFRS 52

CFO News Room

JANUARY 4, 2023

More than 225 real estate investment trusts (REITs) are registered with the Securities and Exchange Commission (SEC) in the United States that trade on a major stock exchange, such as Nasdaq or the New York Stock Exchange. Stability & Security. between 2017 and 2022, according to the IBIS World report.

Investments 130

Investments Budgeting Finance Marketing 130

PYMNTS

AUGUST 29, 2019

Data from PYMNTS’ Credit Union Innovation Index found that 60.8 percent of members would not leave their credit unions (CUs) for different financial institutions that offered the same services. percent wanting their CUs to invest more in security and 19.5 Security practices could also be greatly improved in open banking systems.

Banking 63

Banking Securities Forecasting Communication 63