Barry Ritholtz

FEBRUARY 16, 2024

 This week, we speak with Bill Dudley , former president and chief executive officer of the Federal Reserve Bank of New York , where he also served as vice chairman and a permanent member of the Federal Open Market Committee. Dudley explains how he became President of the NY Fed in January 2009 — right in the heart of the GFC.

Financial Systems 61

Financial Systems Banking Investments Marketing 61

PYMNTS

DECEMBER 21, 2020

With UPI, money transfers can be set up without having to share bank details or source, using a virtual payment address instead of the usual bank account numbers or Indian Financial System Code (IFSC). India is an important market for us," he said, according to the release. "We

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Financial Systems Banking Accounting Numbers 112

PYMNTS

JUNE 23, 2017

Paytm, the leading digital payments company in India, is reportedly looking to obtain a license to create a money market fund in which users can keep their cash and earn interest, reported the Economic Times. The money market fund Paytm is considering will place leftover digital cash into a fund that accrues interest for account holders.

Marketing 46

Marketing Economics Communication Currencies 46

Planful

NOVEMBER 24, 2015

Are finance and accounting departments staffed with the right people, skills and tools for the Digital Age? To be blunt, they don’t really need much of what many of us learned in college cost accounting and managerial accounting courses. Putting Stress on Financial Systems. Who will sift through this much data?

Accounting 40

Accounting Finance Financial Systems Budgeting 40

PYMNTS

FEBRUARY 19, 2019

Senator Elizabeth Warren (D-MA) recently sent a letter to Powell raising this concern, noting that the Fed’s “anemic scrutiny of applications for mergers and acquisitions [M&A] raises concerns that [it] may oversee a wave of bank consolidation to the detriment of consumers and the financial system.”

Mergers and Acquisitions (M&A) 43

Mergers and Acquisitions (M&A) Banking Marketing Transportation 43

Corporate Finance Lab

MAY 12, 2022

The industry has grown rapidly over the last decade and the market power of its major players has been analysed from different points of view, including corporate governance and competition policy. In a recent paper , I analyse the nexus between asset management and financial stability. The age of asset management may be upon us.

Financial Systems 71

Financial Systems Securities Sales Finance 71

Future CFO

JULY 18, 2023

Given higher interest rates and lower growth, distress in the largely unrated non-bank financial institution (NBFI) sector globally could have spillover credit impacts on many other sectors, the credit rating agency noted.

Banking 52

Banking Leverage Risk Management Financial Systems 52

Michigan CFO

JUNE 7, 2023

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. CFOs play a pivotal role in strategic decision-making, ensuring the financial health and stability of the business.

CFO 52

CFO Problem Solving Budgeting Communication 52

CFO News Room

NOVEMBER 18, 2022

In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. But that was just a small part of it.

Banking 100

Banking Economics Leverage Currencies 100

PYMNTS

NOVEMBER 10, 2020

Many consumers move to new countries to pursue economic opportunities, but adjusting to these locations also requires learning the ins and outs of new financial systems — a transition that can be filled with friction. How Rayo Delivers Immigrant-Focused Financial Services. customers to recipients in Asia and Europe.

Banking 86

Banking Compliance Currencies Financial Systems 86

PYMNTS

JANUARY 6, 2021

If the high-level concept is that merchants will accept and banks will issue, in terms of mechanics, the CoDi platform lets users with savings accounts at participating financial institutions to make wire transfers through their phones by scanning merchants’ QR codes or wielding devices at on-site NFC terminals.

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

JANUARY 6, 2020

The Central Bank of Jamaica (BOJ) has confirmed it will abide by the Principles for Financial Market Infrastructures (PFMIs). Regionally operated payment systems in Jamaica will consequently be regulated more closely. FMIs improperly regulated and governed could pose significant challenges to enhancing stability.

Banking 52

Banking Financial Systems Securities Marketing 52

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The percentage of unbanked people in the U.S. In 2017, 6.5

Education 70

Education Data Analysis Financial Systems Banking 70

PYMNTS

JUNE 21, 2019

If stablecoins became widely used, “they would almost certainly become systemic by nature, not only because of their operational risks, but also in a more fundamental way: they could undermine the deposit-taking of banks and their business models,” Weidmann said at a conference at the Bundesbank.

Banking 59

Banking Currencies Financial Systems Accounting 59

PYMNTS

APRIL 22, 2020

While the digital age has opened up doors for businesses to expand internationally, it’s a bit misleading to say that it’s easier than ever for small firms to step foot into new geographic markets. Neat aims to ease this friction by offering SMBs an alternative to the traditional bank account. ”

Currencies 96

Currencies Advertising B2B Finance 96

PYMNTS

MARCH 6, 2019

Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a bank with a goal of bringing thousands of South Africans who lack bank accounts into the country’s financial system, according to reports.

Banking 49

Banking Financial Systems Startups Education 49

Barry Ritholtz

NOVEMBER 3, 2022

Without market volatility, the rate could be under 7 percent. ( After the recent turmoil in Britain, anxiety about the stability of the financial system is rising alongside interest rates. since the end of Roe, accounting for people who traveled across state lines or ordered pills online. ( New York Times ). •

Financial Systems 61

Financial Systems Economics Financial Reporting Accounting 61

PYMNTS

SEPTEMBER 17, 2020

That's particularly true for finance teams like accounts payable , accounting or payroll. Integrating financial systems and workflows with document management technology can support automated organization as well as data capture. We're just used to paper reports in our hands," Wood told PYMNTS in an interview.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

PYMNTS

MARCH 10, 2020

In addition, the bank also features software integration with accounting, expense and eCommerce tools. . The bank said it signed up 1 percent of all new small business accounts in the U.S. From day one to today, our mission has been to make the financial system more inclusive and rebalance the economy from the bottom up.”.

Banking 54

Banking Financial Systems Startups eCommerce 54

CFO News Room

DECEMBER 19, 2022

Represents to the client that they’re receiving advice as part of a financial plan or financial planning services…. then that individual is deemed a ‘financial planner’ and must meet the fiduciary standard of care when providing advice to their client. Under this approach, marketing oneself (i.e., By the FPA.

Planning 130

Planning Accounting Investments Sales 130

PYMNTS

JUNE 29, 2020

In view of recent developments in Wirecard AG, the MAS and the Accounting and Corporate Regulatory Authority (ACRA) are collaborating with CAD to scrutinize other possible aspects of the case,” the MAS said in a statement Monday (June 29), the report said.

Banking 56

Banking Financial Systems Economics Accounting 56

Simply Treasury

JULY 12, 2021

Nevertheless, there has been much less innovation for servicing (larger) companies, despite the potential of this market. For these larger categories they often have many different bank accounts with no aggregation and inconsistent user authentication, giving them no real-time knowledge of current cash position and FX risks, among others.

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Treasury Cash Flow Forecasting Concentration Finance 130

PYMNTS

JUNE 21, 2019

While Facebook is aiming to have its Libra crypto power transactions and provide access to financial services to those without bank accounts, European central bankers are claiming oversight over the digital currency. Bank of England Governor Mark Carney told the BBC, “It has to be safe, or it’s not going to happen.”

Currencies 51

Currencies Financial Systems Banking Accounting 51

PYMNTS

MARCH 22, 2019

With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication. Customer Awareness is Key for PSD2 Adoption in the Netherlands.

Startups 69

Startups Banking Financial Systems Accounting 69

PYMNTS

MAY 15, 2019

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” … We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said.

Treasury 74

Treasury B2C Financial Systems Banking 74

PYMNTS

DECEMBER 17, 2019

The Basel Committee has said in a paper that a “prudential” regulatory framework should be constructed by stakeholders in a bid to address concerns over risks to the financial system.

Construction 52

Construction Financial Systems Currencies Banking 52

PYMNTS

DECEMBER 23, 2020

21) following months of debate will assist financial institutions by relaxing an important small-business lending initiative’s regulations, providing deferred loan payment accounting relief and bolstering the financial position of borrowers, Reuters reported. The other role that we have is financial inclusion.

B2B 84

B2B Corporate Finance Finance Securities 84

The Finance Weekly

SEPTEMBER 23, 2021

Accounting and finance specialists have been battling new obstacles for the past year. Here are five rising financial services sector trends and observations for 2021. Automated Accounting. It's time to say goodbye to old-school accounting techniques and say hello to automation in 2021.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Profit and Loss Invoicing Forecasting 52

BlueLight

APRIL 16, 2020

More Important to Move Fast than Precisely Correct Yesterday, millions of Americans found government stimulus money deposited into their checking accounts. Yet millions of Americans above the income threshold found a check in their bank account from the IRS. Rather, the fed had to create market stability. Recent graduates.

Management Consulting 52

Management Consulting Education Financial Systems Accounting 52

PYMNTS

JANUARY 10, 2020

Technology has the power to completely transform people’s access to financial services, and the credit market in India is ripe for further digital disruption. Although more people have bank accounts in India than ever before, about 20 percent of India’s population is still unbanked, leaving about 260 million of its 1.3

Valuation 52

Valuation Financial Systems Planning Finance 52

PYMNTS

FEBRUARY 1, 2021

Instead of talking about connecting kitchen appliances, we can provide an online connected experience between companies — even if they have chosen different financial systems,” he told PYMNTS, noting that this approach is dubbed the “Internet of Systems.”. A Decade Of Disparate Technology.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. brought back financial and other sanctions against Iran, which in turn came after the U.S.

Banking 81

Banking Financial Systems Treasury Communication 81

CFO Talks

MARCH 19, 2024

Leading by Example Consider a CFO who champions the adoption of a new cloud-based financial system. For instance, after implementing the new financial system, the CFO could organize feedback sessions to discuss user experiences, addressing challenges and celebrating quick wins.

CFO 52

CFO Communication Finance Budgeting 52

PYMNTS

JUNE 3, 2019

Sure, one may find numerous instances and specific markets in which cash use has given way to payment cards or mobile wallets, but, for various reasons, physical coins and bills endure, and will likely do so for quite some time. The goal is to enable more payment options for consumers around the world.

Currencies 75

Currencies Financial Systems eCommerce Accounting 75

PYMNTS

JULY 1, 2019

The Bank for International Settlements (BIS) has sent out a warning about the rise in corporate borrowing, saying it could be a danger to the global financial system, according to The Guardian. have accounted for the bulk of the issuance, holdings are spread out more widely. While firms in the U.S. —

Financial Systems 51

Financial Systems Leverage Banking Sales 51

PYMNTS

APRIL 8, 2019

“After tracking them for years, it has become clear to me that emerging markets are one of the biggest growth areas for FinTech.”. Branch and Visa plan to jointly offer virtual prepaid debit card numbers to customers around the world, allowing unbanked Branch customers to receive a credit at any ATM without the need for a bank account. “We

Financial Systems 54

Financial Systems Finance Investments Accounting 54

PYMNTS

MAY 11, 2020

Some 76 percent of all transactions in the euro area are in cash, accounting for over 50 percent of the total value of all payments. Another alternative would be a retail CBDC based on ECB deposit accounts. Electronic payments are replacing cash in some countries but “there is no such trend away from cash in the euro area.”.

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Retail Currencies Banking Financial Systems 52