Global Finance

MARCH 5, 2025

With its exit from Central America and Colombia, Scotiabank follows the trend of international banks retreating amid rising compliance costs and risks. Scotiabank has officially exited retail banking in Panama, Costa Rica, and Colombia, marking the latest move by a major international lender to scale back in the region.

Banking 52

Banking Compliance Treasury Finance 52

https://trustedcfosolutions.com/feed/

AUGUST 12, 2022

At its core, SOX compliance helps to ensure the accuracy of a company’s financial statements and protects the business from fraud, cyber-attacks, lawsuits, and more. ” Sage Intacct has your internal cybersecurity controls covered with a secure login process that features: Periodic password expiration. .”

Compliance 109

Compliance Reconciliations Securities Auditing 109

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

Compliance 90

Compliance Banking Securities Technology 90

Nerd's Eye View

APRIL 26, 2023

One of the most intimidating aspects of launching a solo advisory firm is the question of how to manage compliance. Creating a compliance calendar for a solo RIA can help to systematize and manage compliance tasks, requirements and deadlines.

Compliance 98

Compliance Advertising Invoicing Communication 98

Global Finance

MARCH 20, 2025

Cost transformation forces banks to innovate European banks are navigating a complex landscape characterized by economic headwinds and cost pressures. This will lead banks to tighten their operational efficiencies. Historically, banks have faced high-cost pressures exacerbated by their legacy systems.

Banking 59

Banking Compliance Technology Sales 59

PYMNTS

AUGUST 23, 2019

Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. Lee explained, “For example, when banks try to solve these issues individually, they only see one small piece of the puzzle.” To solve the problem, organizations need to take more of a community-based approach.”.

Compliance 77

Compliance Securities Technology Banking 77

PYMNTS

JANUARY 14, 2020

In financial services, demand for ease of use and security are sky-high, even for business customers. But cloud migrations are often complex, particularly when it comes to remaining compliant with the mounting regulatory initiatives designed to address growing security risks in the financial services arena.

Securities 101

Securities Compliance Financial Data Banking 101

PYMNTS

SEPTEMBER 22, 2020

Consumers moved to digital banking in droves during the early months of the COVID-19 pandemic — it appears they are not moving back. Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice.

Compliance 76

Compliance Banking Securities Technology 76

Nerd's Eye View

APRIL 26, 2023

One of the most intimidating aspects of launching a solo advisory firm is the question of how to manage compliance. Putting all of this information together, it’s possible to create a compliance calendar that accounts for each task required, its frequency, and the due date for each.

Compliance 98

Compliance Advertising Invoicing Communication 98

PYMNTS

JANUARY 19, 2021

This week’s look at the latest in bank-FinTech collaboration includes new partnerships in Australia, South Africa, India, Pakistan and across Europe, with many FIs bolstering the foundations of their SMB-serving infrastructures. National Australia Bank Chooses Eedenbull. TBI Bank Partners With NETOPIA Payments.

Banking 136

Banking Reconciliations Compliance Finance 136

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. Compliance policies and procedures manual. Author: Chris Stanley. Guest Contributor. The Brochure Supplement – Form ADV Part 2B.

Compliance 130

Compliance GAAP Investments Securities 130

CFO Thought Leader

OCTOBER 28, 2024

Networking is crucial—connect with professionals in finance across the entire spectrum, including banking, VCs, and other operating companies. We operate at the intersection of compliance and security in a space we pioneered, called trust management. Embrace challenges and take on diverse roles to expand your skill set.

Leadership 64

Leadership CFO Finance Compliance 64

Future CFO

DECEMBER 11, 2024

The banking sector has been known for its resilience and adaptability and must continue to innovate to thrive. With 2025 just around the corner, several key trends are reshaping the banking and financial services landscape. Banking executives must navigate a complex environment filled with challenges and opportunities.

Banking 52

Banking Risk Management Compliance Investments 52

PYMNTS

SEPTEMBER 24, 2020

Reducing fees for remittances might push price points low enough that more consumers could resume sending money home, though, and some researchers believe that money transfer service providers could make such price adjustments if they are able to reduce their own expenses through more robust and cost-effective regulatory compliance measures. .

Compliance 89

Compliance Banking Securities Economics 89

PYMNTS

JULY 2, 2020

And it’s a double-whammy for firms, including small and medium-sized businesses (SMBs), as they are very much on the hook for data security. Solving for data compliance while reinventing with new digital tools is just one of the key themes found in the June 2020 Merchants Guide To Navigating Global Payments Regulations. and the U.S.,

Compliance 89

Compliance eCommerce Securities Banking 89

Strategic Treasurer

MAY 12, 2022

Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency. AI and ML Investments Expected to Grow, Supporting Security and Fraud Prevention. Atlanta, GA] May 12, 2022 — Today, Strategic Treasurer and Kyriba release the results of the Non-Banking Financial Institution (NBFI) Survey.

Prioritization 52

Prioritization Compliance Securities Banking 52

PYMNTS

DECEMBER 16, 2019

one of the largest FinTech hubs of the world today, initiatives like Open Banking demonstrate the opportunity for regulatory mandates to encourage innovation and competition — even in markets where such regulatory mandates don’t exist. Open banking today isn’t isolated to Europe and the U.K., Mixing Innovation With Compliance.

Compliance 81

Compliance B2B B2C Banking 81

Global Finance

OCTOBER 23, 2024

The use of AI in finance has been a hot topic at this year’s Sibos conference, as banks consider how AI can transform the way financial services are delivered and consumed, and, more urgently, how its data is managed. The post Banks Seek Ways To Manage Data Quality For AI Services appeared first on Global Finance Magazine.

Banking 111

Banking Prioritization Compliance Finance 111

Global Finance

SEPTEMBER 25, 2024

Susanne Prager, head of cash management at Raiffeisen Bank International (RBI), discusses the challenges affecting global banking services and the need for the latest tech tools to help companies succeed in CEE and around the world. Global Finance: What are the overall trends impacting international banking transactions?

Banking 98

Banking Cash Management Compliance Currencies 98

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). Grappling with such increased demand with fewer resources might make it challenging for banks to satisfy at least some regulatory requirements, such as data privacy.

Compliance 66

Compliance Banking Currencies Financial Systems 66

PYMNTS

JANUARY 22, 2020

The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks. The authentication solution lets consumers approve eCommerce payments by using their mobile bank apps.

Securities 85

Securities eCommerce Compliance Banking 85

Bramasol

MAY 13, 2024

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. Inspections: It conducts regular inspections of registered public accounting firms to assess compliance with PCAOB standards and applicable laws and regulations.

Auditing 94

Auditing Compliance SAP Accounting Standards 94

PYMNTS

SEPTEMBER 10, 2019

The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . The State Bank of Pakistan (SBP) recently fined four banks for failing to fully comply with KYC obligations and advised several of those financial institutions (FIs) to revise their AML and KYC procedures.

Securities 74

Securities Compliance Startups Budgeting 74

PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be. Open Banking Lessons For The U.S.

Compliance 79

Compliance Banking Securities Marketing 79

PYMNTS

NOVEMBER 26, 2019

But financial regulatory compliance can be a headache for any market. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. SatchelPay announced last week that the central bank has given the company the green light to resume operations.)

Compliance 73

Compliance Concentration Restructuring Banking 73

Strategic Treasurer

MAY 26, 2025

With fine-tuned leading practices for bank relationship management, bank account architecture, forecasting, compliance, managing unknown risks, and more, this guide offers tried and true approaches that will help you and your organization thrive. How can an optimized BAM framework strengthen liquidity and enhance security?

Treasury 52

Treasury Forecasting Compliance Accounting 52

PYMNTS

APRIL 29, 2020

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JULY 28, 2020

The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings. Yet this week’s look at the latest tie-ups reveals new models of collaboration, including FinTechs expanding their footprint within banking, and wielding banks to fit within their own tech solutions.

Banking 111

Banking Finance Compliance Investments 111

PYMNTS

SEPTEMBER 21, 2020

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? To that end, and as reported by BuzzFeed , documents submitted by banks to the U.S. The headlines blare a chorus: Banks are not doing their jobs. In terms of dollar amounts, Deutsche led the pack at $1.3 billion in fines.

Banking 139

Banking Leverage Technology Compliance 139

PYMNTS

DECEMBER 28, 2018

The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies. According to a statement on the bank’s website, the decision was made due to “the repeated violations of the requirements of the Russian legislation on securities within one year.”.

Foreign Exchange 87

Foreign Exchange Banking Compliance Securities 87

Future CFO

JUNE 1, 2025

Integration platforms that connect ERPs and banks provide seamless, real-time insights, enhancing decision-making. Integration platforms connecting ERPs and banks provide seamless real-time insights that enhance decision-making. We need to take data protection seriously and ensure compliance to its entirety," he affirms.

Economics 59

Economics Mergers and Acquisitions (M&A) Treasury Cash Flow Forecasting 59

PYMNTS

DECEMBER 10, 2020

There was a notable gulf in opinion when it came to perceptions of cryptocurrencies’ risks, however: 63 percent of banks and 56 percent of governments felt cryptocurrencies pose a significant cybercrime risk, as opposed to only 9 percent of cryptocurrency industry professionals. Enforcing AML/KYC Compliance At Cryptocurrency Exchanges.

Compliance 88

Compliance Treasury Currencies Leverage 88

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Getting Up to Speed on Compliance. Sharing the Compliance Burden.

Compliance 71

Compliance Auditing Securities Education 71

PYMNTS

APRIL 27, 2020

Banks do not always have the budgets or resources to craft cutting-edge online and mobile experiences, although they can no longer afford to put off digital transformations. The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result.

Banking 99

Banking Budgeting Securities Compliance 99

PYMNTS

JANUARY 15, 2021

15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). The statement from FinCEN said Capital One established the Check Cashing Group as a business unit within its commercial bank in 2008. financial system.”.

Banking 107

Banking Compliance Currencies Financial Systems 107