PYMNTS

SEPTEMBER 25, 2019

An explosion of FinTechs looking to fill the gaps left across under-banked and under-financed populations, including, in many markets, small businesses, has watchdogs exploring how to promote financial inclusion and access to capital while maintaining borrower protection. In the U.S.,

Compliance 47

Compliance Benchmarking Risk Management Finance 47

PYMNTS

OCTOBER 16, 2019

Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in financial institutions, many of which are scrambling to keep fraudsters out and bring customers back. The Cost of Compliance. Challenges and Solutions.

Compliance 49

Compliance Banking Risk Management Budgeting 49

PYMNTS

JULY 5, 2018

With competition heating up from the FinTech firms themselves, banks seek efficient, affordable ways to improve their services without having to entirely scrap decades of legacy infrastructure already in place. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.

Compliance 43

Compliance Banking Marketing Securities 43

Planful

MAY 24, 2017

This was the focus of the New Jersey Chapter of the CFO Leadership Council at its May 2017 panel discussion titled “How Much Risk Is in Your Risk Management?” Moderated by Angela Tise of the CFO Leadership Council, the panel included Claire Doherty, Director of the Risk Consulting Practice at KPMG, Brian J.

Risk Management 40

Risk Management Prioritization CFO Leadership 40

PYMNTS

MAY 22, 2020

While FinTechs are, in many ways, useful allies to banks, traditional FIs can also be a critical partner to FinTechs that lack the resources or opportunity to acquire their own banking license. This is where a bank collaboration can become particularly valuable.

Economics 104

Economics Banking Risk Management Compliance 104

PYMNTS

JULY 2, 2018

Bank of America is being sued for $120 million after failing to flag large deposits into small accounts, which were cleared a few days later. Bank was fined $600 million for failing to flag and report suspicious activity according to anti-money laundering (AML) requirements. Previously, U.S. Why RegTech? A Cultural Shift Is Needed.

Compliance 43

Compliance Banking Investments Risk Management 43

PYMNTS

JANUARY 30, 2019

Compliance and risk management technology provider Opus is launching a new Know Your Customer (KYC) workflow solution for banks. 29) said Opus is rolling out its Clarity KYC solution to automate KYC workflows and enhance risk analysis. A press release on Tuesday (Jan. ”

Banking 46

Banking Compliance Risk Analysis Risk Management 46

Future CFO

OCTOBER 30, 2023

A modern Treasury Management System (TMS) is expertly designed to seamlessly connect to a diverse array of data sources, including core banking systems (client operations), market data providers (rates and prices), and various other financial platforms.

Treasury 52

Treasury Foreign Exchange Risk Management Compliance 52

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. Managing Risk.

Treasury 56

Treasury Banking Compliance Risk Management 56

PYMNTS

SEPTEMBER 15, 2020

Rising eCommerce volumes and an embrace of the direct-to-consumer (D2C) sales model has led merchants to shift their own payment strategies — and seek out banking providers that can address those changing needs. Merchants didn’t realize how important it was to have a backup. A Single Digital EU Market.

B2B 119

B2B Risk Management Compliance Prioritization 119

PYMNTS

SEPTEMBER 20, 2018

ProfitStars , the Jack Henry & Associates division that provides risk management solutions for financial institutions, announced its latest fraud tool on Wednesday (Sept. The iPay ESM solution also offers banks the capability to produce reports for their employees or examiners, the company noted.

Banking 62

Banking Compliance Risk Management Securities 62

Planful

OCTOBER 25, 2016

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. So it’s important for industry to support them aligned with the obligations they face under the Bank Secrecy Act,” he said. Complex Compliance. In fact, a recent GeoGuard survey found that U.S.

Compliance 108

Compliance Prioritization Securities Banking 108

PYMNTS

FEBRUARY 13, 2020

The funds are also being used to accelerate the launch of its new risk management solution, Elliptic Discovery. . The Elliptic Discovery platform offers insights to compliance teams to identify the flow of funds into and out of crypto assets and understand any risks.

Startups 100

Startups Investments Risk Management Compliance 100

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. Streamlining payroll management, such as tax filing, salary payments, and benefits, is critical for mid-sized enterprises.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

OCTOBER 28, 2020

Enterprise IT solutions platform Oracle is introducing new cloud services to provide smaller banks with the ammunition to fight large-scale money laundering schemes, Oracle said in a statement on Wednesday (Oct. Last June, Oracle advanced its Retail Brand Compliance Management Cloud Service with the latest innovations.

Banking 61

Banking Compliance Securities Retail 61

PYMNTS

APRIL 18, 2017

Banks and financial institutions spend billions of dollars to ensure they are meeting compliance requirements and properly managing risks. It’s satisfying key regulatory requirements, but at the end of the day it’s not providing the insight around managing your risks that it should.”.

Compliance 44

Compliance Startups Technology Investments 44

PYMNTS

NOVEMBER 2, 2020

During phase one, VASPs will have to demonstrate their compliance with these standards, according to the release. The financial ministry expects to kick off phase two, regarding licensing requirements, in June 2021, the release stated. RBA expects to finish the project at the end of this year.

Banking 64

Banking Risk Management Compliance Currencies 64

VCFO

AUGUST 16, 2023

In 2020, banks worldwide were fined $10.4B To avoid such fines, banks are erring further on the side of caution – so much so that it’s affecting legitimate businesses and individual account holders. 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

PYMNTS

JULY 19, 2018

It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations. An Evolving Value Proposition.

Banking 42

Banking Risk Management Auditing Compliance 42

CFO News Room

DECEMBER 16, 2022

The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. They may work in various industries, such as investment firms, accounting firms, banks, or the government. Chief Compliance Officer. Financial Examiner.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

Future CFO

APRIL 25, 2022

The macroeconomic environment was already challenging before Russia’s invasion of Ukraine , marked by persistent inflation and supply chain bottlenecks, which remain largely unresolved, said Matt Shinkman, vice president with the Gartner Legal, Risk & Compliance practice. Central bank rate hikes.

Economics 98

Economics Risk Management Compliance Planning 98

PYMNTS

AUGUST 29, 2017

The New York State Department of Financial Services (DFS) is looking to fine Habib Bank Ltd (HBL) nearly $630 million for failing to comply with state and federal laws at its only U.S. Reuters reported news that if the fine is imposed, it would be the largest ever faced by a Pakistani bank. That bank still has a New York branch.

Banking 41

Banking Compliance Risk Management 41

PYMNTS

MAY 17, 2018

According to a press release Wednesday (May 16), the European Central Bank (ECB), based in Germany, has chosen OpenLink to provide treasury and risk management technology to manage its euro-dominated investment portfolio, foreign reserves and other asset purchase programs.

Treasury 43

Treasury Banking Risk Management Compliance 43

Strategic Treasurer

APRIL 3, 2023

In this survey, treasury and finance professionals were asked questions on the following topics: Fraud Experience: Frequency of Attacks, Source of Attacks, and Method(s) of Attack Security Practices Employed (Both Human & Technological) Cyber Risk Management and Data Protection Policies Investments in Security & Fraud Prevention Technology (..)

Treasury 52

Treasury Reconciliations Education Risk Management 52

Spreadym

JULY 21, 2023

This enables better risk assessment, personalized marketing, and improved decision-making for investment strategies Cloud Computing : Moving financial operations and data storage to the cloud, allowing for scalability, cost-effectiveness, and enhanced collaboration.

Finance 52

Finance Prioritization Compliance Leverage 52

PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. government official and bank executive.

Risk Management 56

Risk Management Compliance Currencies Securities 56

Future CFO

MAY 1, 2024

As they assist in compliance audits and the monitoring of internal controls to ensure that everyone within the company does their job correctly, they are also expected to thrive and flourish amid the challenges along the way for the benefit of the organisation.

Leadership 52

Leadership IFRS Finance Communication 52

Bramasol

JUNE 16, 2023

Several times in the past, this blog series has focused on various big picture issues regarding environmental, social and governance (ESG) programs, compliance and carbon accounting solutions. Proactive CSR initiatives can help companies avoid legal, reputational, and operational risks associated with unethical practices or non-compliance.

Education 80

Education Compliance Risk Management Communication 80

CFO Leadership

DECEMBER 12, 2022

According to the Bank of America Workplace Benefits Report , 95% of employers feel a sense of responsibility for the financial wellness of their employees. Digital banking is also helping to accelerate M&A deals, reducing transaction time and costs, and delivering greater value to buyers and sellers. About Bank of America.

Accounts Payable 95

Accounts Payable Leadership CFO Strategic Planning 95

CFO Talks

MARCH 20, 2024

Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance. The completion of bank reconciliations and management reports falls under the Controller’s purview, who also prepares and issues financial statements.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

APRIL 23, 2020

Hypur Chief Revenue Officer Tyler Beuerlein said in the announcement, “ Cannabis businesses rely on accessible and modern financial and banking resources to help their businesses grow. Hypur serves more than 600 clients throughout the country and has over 25 partnerships with banking and financial institutions.

Risk Management 72

Risk Management Compliance Leverage Startups 72

PYMNTS

NOVEMBER 30, 2020

“As criminals relentlessly target financial systems, organizations require cutting-edge technology for fraud detection and risk management,” said Kurt Guenther , CSI’s group president of business solutions. “By The solution analyzes human behavior and alerts users when anything appears unusual or questionable.

Risk Management 63

Risk Management Compliance Financial Systems Leverage 63

CFO Leadership

OCTOBER 10, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. Training, like CFO.University’s Introduction to Risk Management , and awareness programs will also become crucial to help employees understand how to use these AI tools responsibly and effectively.

Finance 95

Finance Accounting Auditing IFRS 95

VCFO

APRIL 21, 2022

He is particularly skilled in strategic planning, resource management, operations management, forecasting, credit and collections, due diligence, financial reporting and documentation, private equity, bank financing, risk management, compliance, and banking relationships.

CFO 52

CFO Strategic Planning Auditing Leadership 52

PYMNTS

NOVEMBER 17, 2017

Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. But banks cannot live on interest alone. Additional financial products and services must round out traditional banking activities.

Banking 46

Banking Risk Management Compliance Accounting 46

PYMNTS

NOVEMBER 12, 2020

Mastercard’s Vocalink’s offering supports the requirements of Payments Canada, such as the Bank of Canada’s risk management criteria and ISO 20022. It will be run by Payments Canada and regulated by the Bank of Canada. EDPB Recommends Steps For Data Exporters To Ensure GDPR Compliance.

Risk Management 57

Risk Management Compliance Forecasting Banking 57