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.

Treasury 56

Treasury Banking Compliance Risk Management 56

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

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. The tool is aimed at improving speed, security, transparency and compliance. .

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

Reval

MAY 17, 2017

Want to know what your peers are reading on treasury and risk management ? Discover the content your fellow treasury professionals felt were most helpful, and brush up on your skills for the quarter ahead. Fact Sheet: Technology to Automate Global Bank Connections. Case Study: How Jaguar Land Rover Improved FX Risk Management.

Risk Management 52

Risk Management Treasury Manufacturing Compliance 52

Future CFO

FEBRUARY 13, 2023

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

JUNE 4, 2020

Ensuring such payments are secure from bad actors is a priority for the banks that process them. From an instant payment perspective, it has now become much more important to be able to manage the fraud in real time online,” said Tino Kam , head of transaction banking at Finland-based Nordea Bank , in a recent interview with PYMNTS.

Securities 60

Securities B2B Compliance Restructuring 60

PYMNTS

SEPTEMBER 24, 2020

The entities said they will help credit unions and small- to medium-sized banks loop into the RTP network , with First Bank and Nano Banc among the first to do so as a result of the collaboration. BELLIN Secures SWIFT gpi Label. OCC Clears Banks For Stablecoin. Also embracing SWIFT gpi is Santander U.K.

B2B 75

B2B Banking Currencies Treasury 75

PYMNTS

DECEMBER 17, 2018

Department of the Treasury, has assessed a $14.5 million fine against UBS Financial Services (UBSFS) for willful violation of the Bank Secrecy Act, according to a treasury report. Broker-dealers providing banking-like services must properly mitigate the AML risks associated with this kind of service.

Banking 55

Banking Treasury Securities Compliance 55

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3 The Pandemic Pop.

Treasury 129

Treasury Currencies Benchmarking Cash Management 129

CFO News Room

JANUARY 18, 2023

The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based in Russia. WSJ | Risk and Compliance Journal. Deputy Treasury Secretary. Concurrent with the U.S. Wally Adeyemo.

Treasury 100

Treasury Compliance Financial Systems Finance 100

PYMNTS

DECEMBER 20, 2016

The venture capital arm of Mitsubishi has provided new funding for treasury management firm Kyriba, reports said Monday (Dec. Earlier this year Kyriba also announced that it secured American Express Global Business Travel as a client and would provide payment processing services to facilitate transactions to GBT suppliers.

Treasury 40

Treasury Compliance Leadership B2B 40

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

PYMNTS

NOVEMBER 16, 2018

Nearly a year on, Open Banking has a bit of mileage behind it and roadmap stretching ahead. Far-flung governments are requiring banks to make customer data available to third parties in an effort to provide services and provide transactions for those end users. SMEs: Wary of Open Banking? He described the U.K.

Banking 63

Banking Compliance Treasury Sales 63

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

PYMNTS

JULY 21, 2020

Speaking with PYMNTS, Fides Treasury Services Head Client Relations Simon Kaufmann explored how some of the biggest opportunities to modernize the treasury function are adding new pressures to finance teams as they navigate the pandemic. And their challenge is only going to grow. ” Challenge Turned Opportunity. .

Treasury 64

Treasury Cash Management Data Analysis Compliance 64

PYMNTS

JUNE 24, 2020

billion that Wirecard said it deposited in two of the island nation’s banks, Reuters reported. Justice Secretary Menardo Guevarra said Wednesday (June 24) he told state investigators to coordinate with Bangko Sentral ng Pilipinas , the Philippines central bank, on the inquiry. Wirecard’s stock continues to tumble.

Treasury 130

Treasury Compliance Banking Accounting 130

Future CFO

JANUARY 22, 2020

In addition, more than 50% reduced the number of banks they work with to avoid lengthy KYC processes, negatively impacting banking relationships, survey results indicate. This means that compliance teams are being pushed to ensure their businesses remain competitive, as well as staying compliant.

Compliance 52

Compliance Treasury Banking Securities 52

PYMNTS

MARCH 17, 2020

Yet for those banking partners, the fact that every corporate is at its own unique position in the digitization process presents a challenge as to which products to offer, and how to enable corporate clients to adopt them — a predicament that impacts everything from banks’ investments in infrastructure to their FinTech collaboration strategies.

Treasury 69

Treasury Reconciliations Banking Compliance 69

Future CFO

DECEMBER 11, 2023

In the US, the US Federal Reserve is set to introduce to the local market FedNow – an instant payment solution that will enable customers of participating banks and credit unions to instantly send and receive money transfers outside of traditional banking hours. Banks are now into the development of mobile platforms,” Austria added.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

DECEMBER 16, 2019

Bart Claeys, Head of KYC and Reference Data at SWIFT, said its global KYC registry offers “huge benefits to the 5,000 banks and financial institutions which are currently using it.” . KYC compliance is a pain point for banks and corporates, with more than 90 percent of treasurers agreeing that it’s harder today than it was five years ago.

Treasury 52

Treasury Compliance Banking Securities 52

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy. Shifts in Lending Practices.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

SEPTEMBER 25, 2020

FinCEN Files Show Banks’ Use Of AI And Machine Learning Effective In KYC/AML . Documents sent by banks to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury indicate that many of the biggest global banks moved money for a number of people and enterprises participating in criminal financial activity.

Accounts Payable 61

Accounts Payable Treasury Construction Accounting 61

PYMNTS

MAY 13, 2020

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. to China within only a few hours in order to secure a PPE shipment for healthcare providers. to multiple vendors in China to facilitate PPE procurement.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

APRIL 29, 2019

In a press release , Citi said it teamed up with EY and SAS to create the scoring engine, which aims to streamline the time it takes to review high volumes of trade transactions while also ensuring regulatory compliance. The goal is to help the bank focus on trade activities that need to be examined as part of its escalation process.

Compliance 49

Compliance Treasury Leverage Banking 49

PYMNTS

OCTOBER 19, 2020

These challenges are only exacerbated when payments move across international borders, usually accomplished via correspondence banking. Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments.

Technology 77

Technology Securities Treasury Banking 77

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. The emails were reportedly only sent to certain anti-money laundering (AML) contacts, leading some to question if the National Credit Union Administration (NCUA)’s non-public data had been accessed, Krebs On Security reported.

Treasury 53

Treasury Compliance Currencies Banking 53

PYMNTS

FEBRUARY 15, 2019

To that end, phishing attacks, more commonly known as business email compromises (BECs), have been aimed at Bank Secrecy Act (BSA) officials at credit unions. Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials.

Compliance 49

Compliance Auditing Treasury Banking 49

PYMNTS

DECEMBER 22, 2016

Researchers at cybersecurity analytics company RedSeal released a survey this month that explores why businesses aren’t adequately approaching their security strategies, and it comes in the context of new data from IBM Security that finds U.S. Meanwhile, 20 percent cited a lost device for the cause of a breach.

Compliance 68

Compliance Prioritization Securities Treasury 68

PYMNTS

JULY 22, 2020

Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer. “This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”. Brex also announced Katie Biber has been named chief legal officer.

Treasury 66

Treasury Cash Management Compliance Startups 66

PYMNTS

AUGUST 15, 2019

PSD2 compliance challenges continue to roll in, with strong customer authentication (SCA) requirements headed merchants’ way next month. With the deadline fast approaching, merchants are largely dependent on their card acquirers to inform them, liaise with them and help them achieve compliance to whatever the requirements are,” he said.

Risk Analysis 49

Risk Analysis Compliance B2B Treasury 49

PYMNTS

AUGUST 15, 2019

Deep Data For Swift, Secure Payments . This would enable recipients to see detailed payroll information when viewing their personal bank account balances. s Bank of England are slated for ISO 20022 migration within five years. More precise payment information could also facilitate quick, straight-through processing. .

Treasury 58

Treasury Prioritization Compliance B2B 58

PYMNTS

OCTOBER 11, 2019

Still, investors placed more than $368 million into the space, often in the form of Series B rounds for a range of B2B players, including fleet management, small business (SMB) banking and global payments. challenger bank Tide secured $54.3 small business banking market, as well as invest in international expansion.

Foreign Exchange 67

Foreign Exchange Startups B2B Investments 67

PYMNTS

JUNE 20, 2017

But Big Data lands new capabilities in the hands of corporate treasurers and other executives that yields active, real-time assessments of risks from multiple angles, from counterparties to compliance. A weak data management strategy could heighten the risk of non-compliance.

Risk Management 47

Risk Management Treasury Compliance Data Analysis 47

PYMNTS

MAY 11, 2020

Federal Reserve-accredited banks give their customers access to these digital wallets so relief payments can be sent more easily. The latter manages Direct Express, the Fed’s electronic payment system under which Comerica Bank “acts as the Treasury Department’s financial agent for prepaid debit cards,” according to PYMNTS reporting.

Currencies 52

Currencies Treasury Compliance Banking 52

CFO News Room

NOVEMBER 13, 2022

The G-7 plans are likely to send oil prices higher (despite US Treasury Secretary Janet Yellen claiming the opposite ) and reduce tanker availability, both of which will threaten India’s energy security and hurt its economy as India is the third-largest consumer and importer of oil worldwide. Russia is far from reliable in any realm.

Transportation 130

Transportation Economics Currencies Treasury 130

PYMNTS

OCTOBER 5, 2017

A survey from TD Bank released last year found that, for corporate treasurers, mobile solutions and self-service tools are more important than instant payments, with 47 percent of survey respondents reporting that real-time payments are not essential to their positions. In this regard, banks have the upper hand.

Treasury 40

Treasury Compliance Banking Securities 40

PYMNTS

OCTOBER 30, 2020

To examine how businesses weigh factors like cash flow reporting and ease of adoption to arrive at their decisions, PYMNTS caught up with Adam Carter , vice president of global treasury management, faster payments at U.S. Bank , and Sara Cichoski, vice president of eEnterprise money movement at U.S. Bank subsidiary. Carter said.

B2B 59

B2B Economics Banking Prioritization 59