CFO Strategic Partners

OCTOBER 21, 2021

Securing new talent that propels the organizations forward When several clients experienced unexpected turnover on the CFO level, each of them reached out to CFO Strategic Partners for guidance. We ensured the accounting and finance team was communicated with throughout the transition. Our work was a success! We can help.

CFO 52

CFO Leadership Prioritization Education 52

Future CFO

AUGUST 6, 2023

The sharp rebound in global confidence in the aftermath of Russia’s invasion of Ukraine has ended, according to the latest economic conditions survey from ACCA and IMA of accountants and CFOs across the globe. There were also some notable regional trends when it comes to confidence as follows, according to ACCA.

Economics 52

Economics Financial Systems Banking Accounting 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

PYMNTS

FEBRUARY 20, 2020

The Akoya platform taps an application programming interface (API) network for a secure, transparent inroad consumers can use when giving third-party financial apps access to their personal financial data. The new network boosts financial system security as it speeds up API adoption.

Startups 56

Startups Financial Data Securities Financial Systems 56

PYMNTS

MARCH 3, 2020

The hacking of virtual currency exchanges and related money laundering for the benefit of North Korean actors poses a grave threat to the security and integrity of the global financial system,” said U.S. national security,” said Don Fort, chief, IRS-CI. “We Attorney Timothy J. The DOJ also said that the U.S.

Currencies 56

Currencies Financial Systems Securities Economics 56

PYMNTS

SEPTEMBER 24, 2019

One of the biggest problems, Blanco said, is account takeover. . Account takeover, which involves the targeting of financial institution customer accounts to gain unauthorized access to funds, is an extremely common cybercrime affecting U.S. financial institutions,” he said.

Compliance 71

Compliance Financial Systems Accounting Securities 71

CFO Share

APRIL 11, 2024

But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.

Securities 52

Securities CFO Auditing Education 52

VCFO

AUGUST 16, 2023

Money Laundering Prevalence and Practices When bad actors possess large sums of cash that they want to place into the financial system without raising flags, money laundering techniques such as “structuring” are used. Collectively, these efforts are helping them weather the storm and emerge on the other side in a stronger position.

Compliance 87

Compliance Banking Risk Management Currencies 87

PYMNTS

JANUARY 6, 2020

Any kind of financial company operating in Jamaica that facilitates financial transactions — including central counter parties and trade repositories, securities settlement systems, and central securities depositories — will be more thoroughly monitored by the BOJ.

Banking 52

Banking Financial Systems Securities Marketing 52

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. The technology aims to mix payment rails, with companies paying their invoices via card on the Billhop platform, and Billhop paying those vendors via direct deposit to their bank account.

B2B 83

B2B Invoicing Currencies Banking 83

PYMNTS

JULY 1, 2019

Hacks and data breaches have become all too common, with fraudsters turning to “brute force” attacks and plugging in commonly used passcodes to gain access to users’ accounts. Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave.

Banking 75

Banking Securities Compliance Communication 75

PYMNTS

JUNE 26, 2020

“[They were exploring] how to educate people better [about] managing and spending money and bring them back into the financial system as good payers.”. Open banking’s nature fortunately provides superior data security to traditional banking models. Open Banking Prevents Data Exposure. In the U.K.,

Banking 79

Banking Securities Education Financial Systems 79

PYMNTS

SEPTEMBER 17, 2020

Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. That's particularly true for finance teams like accounts payable , accounting or payroll.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

PYMNTS

JULY 3, 2019

The co-creator of Facebook’s recently announced cryptocurrency, Libra , said the currency was created to help the unbanked population easily access the financial system, according to a Facebook post he wrote on Wednesday (July 3). David Marcus ’ post, titled “Libra, 2 weeks in,” covers a range of topics, especially financial inclusion.

Financial Systems 43

Financial Systems Currencies Banking Financial Data 43

PYMNTS

JULY 10, 2020

The failed loan was granted to mortgage lender Dewan Housing Finance Limited, which has faced its own financial troubles, the Journal reported. The incident has spotlighted a series of bad loans and too few controls that would protect lenders from misconduct that plagues the country’s financial system, the newspaper reported.

Banking 53

Banking Auditing Financial Systems Finance 53

PYMNTS

JANUARY 15, 2021

These violations, said FinCEN, “caused millions of dollars in suspicious transactions to go unreported in a timely and accurate manner, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes laundered through the bank into the U.S. financial system.”.

Banking 107

Banking Compliance Currencies Financial Systems 107

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

DECEMBER 17, 2019

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. We expand that to include almost every type of financial asset.”.

Financial Systems 54

Financial Systems Startups Treasury Banking 54

PYMNTS

SEPTEMBER 16, 2019

In commentary sent to PYMNTS from Plaid, CEO Zach Perret said that “we draw inspiration from the work that the networks have done and look forward to collaborating with Visa and Mastercard at the intersection of commerce and financial services.

Investments 56

Investments Valuation Financial Systems Financial Data 56

PYMNTS

MAY 2, 2019

The service will allow customers to quickly setup a blockchain network spanning multiple AWS accounts via the AWS Management Console, and is able to support thousands of applications and millions of transactions using open source frameworks like Hyperledger Fabric and Ethereum. These thefts only represent the losses that are visible.

Financial Systems 62

Financial Systems Numbers Accounting Securities 62

PYMNTS

SEPTEMBER 30, 2019

The bank accounts? Well, they’re frozen, and it doesn’t really matter, because all the accounts have been drained right down to zero. Beyond the lures of money, there are other nation-states that may want access to a financial system, but for different reasons. Go to sleep one night, and all is well.

Nonprofit 65

Nonprofit Currencies Financial Systems Securities 65

PYMNTS

APRIL 24, 2019

As part of the partnership, Wirecard will empower its retail agents, who act as service representatives across India, to enable those underserved by the financial system to access basic payment and banking services such as cash withdrawals, deposits and balance inquiries.

Banking 49

Banking Financial Systems Numbers Retail 49

PYMNTS

MAY 25, 2018

Much of the money was reportedly laundered through bank accounts belonging to non-residents, Reuters reported. “In billion in securities from Russia were processed through the Estonian financial system. It is also alleged that Danske Bank shut down 20 Russian customer accounts following that whistleblower report.

Leadership 48

Leadership Financial Systems Banking Accounting 48

PYMNTS

MARCH 26, 2018

A press release issued Friday (March 23) said Candex secured the funding from Edenred Capital Partners, Partech Ventures, Advisors.fund, Camp One Ventures, NFX, Tekton Ventures, Big Sur Ventures and angel investor Mark Goines. Paymerang provides accounts payable services with a focus on digitizing supplier payments.

Accounts Payable 43

Accounts Payable Vendor Management B2B Leadership 43

Adam Kae

JULY 17, 2023

At Adam Kae & Associates, we not only create financial strategies and financial systems for digital marketing agencies, but we are instrumental in helping successfully implement them. We'll also cover cash flow forecasting techniques and risk management to minimize financial uncertainties.

CFO 52

CFO Marketing Cash Flow Forecasting Budgeting 52

PYMNTS

DECEMBER 14, 2018

Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. They must deliver services that customers and clients demand while securing their personal data. By some accounts , more than 90 percent of existing data was created after 2014. billion payments by 2026.

Advertising 72

Advertising Securities Banking Financial Systems 72

PYMNTS

JUNE 26, 2018

In a world where faster payments are becoming more mainstream, including 12 countries with established Real-Time Payments systems and 45 others in various stages of development, it’s no wonder that security remains top of mind for stakeholders. Account takeovers are finding favor among fraudsters. How much ground?

Securities 46

Securities Financial Systems Accounting Numbers 46

PYMNTS

FEBRUARY 22, 2018

In a move to strengthen its digital money platform with secure payment applications, Uphold has acquired Cortex MCP. Cortex’s mobile-centric, closed-loop payment and secure tokenization solutions provide industry-leading technologies and security to our platform,” Uphold COO William Dennings said in the announcement.

Currencies 43

Currencies Financial Systems Leverage Securities 43

PYMNTS

APRIL 1, 2019

As Harris noted during the discussion, synthetic fraud essentially centers around creating a person (a fictitious one, in this case) — where bad actors can and do use fake names, Social Security numbers or birthdates, and build credit histories. There is a gap here between identity information and consumer verification.

Construction 73

Construction Numbers Concentration Securities 73

Adam Kae

SEPTEMBER 30, 2023

Keep Yourself Updated on State and Federal Tax Procedures Taxes such as Social Security are set by the IRS. Your Fractional CFO is the perfect person to be your liaison between you and your accountant. Here, we’ll look at a few ways you can keep on top of your payroll and avoid any costly slip ups. I bet you saw that coming!)

CFO 52

CFO Auditing Securities Investments 52

PYMNTS

JUNE 9, 2017

With eCommerce transactions moving at the speed of light, the ability to have transparency between parties is likely crucial to preventing security breaches. Four Japanese financial institutions participated in trying out a blockchain prototype developed by New York-based software platform Corda.

Financial Systems 68

Financial Systems Healthcare Technology Banking 68

PYMNTS

JULY 2, 2019

Minister of Finance Wopke Hoekstra and Ferdinand Grapperhaus, Minister of Justice and Security, sent a note to Parliament on Monday (July 1) explaining a three-part approach to limit the risks associated with cryptos — an effort to make the country a leader in the fight against money laundering.

Currencies 40

Currencies Financial Systems Banking Securities 40

Future CFO

NOVEMBER 15, 2023

Integration and Automation CFOs should integrate spreadsheets with other financial systems and applications to ensure seamless data flow and reduce the risk of errors during manual data transfers. This accelerates decision-making and maintains accountability.

Financial Planning and Analysis (FP&A) 52

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

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

PYMNTS

JUNE 22, 2020

The news Monday clouded an already darkening picture: Wirecard said in a statement Monday that “further examination” has revealed a “prevailing likelihood” that the missing $2 billion has never been in its accounts and in fact does not exist. That means roughly a quarter of the company’s balance sheet was possibly fictitious. .

Auditing 77

Auditing Banking Financial Systems Financial Data 77

PYMNTS

OCTOBER 12, 2016

The basis for blockchain technology is something that works well in practice, but not in theory,” said Luther Martin at HPE Security-Data Security. But security and blockchain are two words that create an issue that has many people questioning. “The Blockchain Startup Contest is the very thing that the industry needs.

Startups 77

Startups Securities Financial Systems Technology 77

PYMNTS

JANUARY 22, 2020

Sabre Vice President of Product Management Becky French discussed this strategy with PYMNTS in a recent Masterclass video , noting that this collaboration has already yielded stronger cash flow and financial management practices for joint clients. NY Labor Department Secures Payroll Card Win. SmartEquip Adds Commercial Card Support.

B2B 52

B2B Currencies Securities Education 52