PYMNTS

JULY 26, 2017

As outlined in the report, however, the OCC again identifies issues related to strategic, credit, operational and compliance risks as top concerns.”. Compliance. As is often the case with banks, risks of non-compliance remain high, the OCC noted. Shifts in Lending Practices. Amid these fluctuations, the U.S.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. The solution ensures compliance with the second payment services directive (PSD2).

Cash Management 53

Cash Management Data Analysis Credit Risk Risk Management 53

PYMNTS

OCTOBER 4, 2019

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. The alternative lender provides financing to small businesses as well as payment processing services to those borrowers.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

DECEMBER 10, 2016

The hype that surrounded marketplace lenders like Lending Club was that they were coming to eat the big banks’ lunch with their better underwriting, greater speed and lack of encumbrances like physical branches or compliance rules. In that instance, it is not clear if Laplanche had direct knowledge of the sale or compliance violations.

GAAP 73

GAAP Compliance Valuation Auditing 73

PYMNTS

JUNE 7, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and product to keep from being dragged down by bad loan performance. And for a very good reason: SMB lending is a tough business to be in, Lifshitz told Webster.

Invoicing 49

Invoicing Data Analysis Credit Risk Risk Management 49

PYMNTS

JUNE 6, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and productto keep from being dragged down by bad loan performance. And for a very good reason: SMB lending is a tough business to be in, Lifshitz told Webster.

Invoicing 40

Invoicing Data Analysis Credit Risk Risk Management 40

CFO Talks

DECEMBER 8, 2021

That’s a lot of compliance to cover. This is a role she’s performed since 2020 and a risk analyst at the South African Reserve Bank, while concurrently serving as a non-executive director at the Institute of Bankers of South Africa, on a pro bono basis. LINDELANI GUMBO: Good morning, Ciaran.

Auditing 72

Auditing Accounting Banking Risk Management 72

PYMNTS

MAY 10, 2016

The marketplace lending model is designed to offload the most pernicious risk in the lending business – credit risk – to the investors who buy the loans from them. Furthermore, there are reports that the date on the loans were tampered with to ensure they were within compliance requirements. What’s Next.

Auditing 41

Auditing Compliance Investments Credit Risk 41

Beacon CFO Plus

SEPTEMBER 20, 2023

Financial Expertise Fractional CFOs typically have a strong background in finance, accounting, and related fields. Risk Management Experience They are adept at identifying and managing financial risks , including market risk, credit risk, and operational risk.

CFO 52

CFO Problem Solving Education Compliance 52

PYMNTS

JUNE 17, 2020

According to a report in ZDNet , Westpac said that “a mix of technology and human error” and “deficient financial crime processes” were behind the financial institution’s (FI’s) lack of compliance with anti-money laundering (AML) regulations. Westpac said it identified three drivers of compliance failures, ZDNet reported.

Banking 75

Banking Compliance Risk Management Credit Risk 75

PYMNTS

OCTOBER 1, 2018

million Series C financing round led by Foundation Capital and joined by Morgenthaler Ventures, Norwest Venture Partners and Canaan Partners. In 2010, LendingClub added to its war chest with a $24.5 That same year, it was estimated that LendingClub controlled 80 percent of the U.S. lending marketplace.

Valuation 54

Valuation Startups Banking CFO 54

Future CFO

AUGUST 27, 2023

The pandemic showed how complex and fragile the global supply chains are, and many finance leaders are looking for ways to de-risk or strengthen business resilience. The usual response for finance leaders is to batten down the hatches, survive the ensuing uncertainty, and then be able to succeed when the market turns.

Risk Management 98

Risk Management Credit Risk Finance Risk Analysis 98

PYMNTS

JULY 11, 2017

The International Chamber of Commerce Banking Commission recently released a report that found an imbalance between supply and demand of trade finance services. Indeed, banks must tread carefully in the world of trade finance, and with such little room for error and financial losses, risk management is critical.

Finance 43

Finance Invoicing Profit and Loss Credit Risk 43

PYMNTS

JANUARY 21, 2021

Janet Yellen, President Joe Biden's nominee for Treasury Secretary, is expected to take a hard stance on cryptocurrencies, calling digital currency a “particular concern” that is used “mainly for illicit financing,” Arstechnica and other news outlets reported on Thursday (Jan. These are very real risks.”.

Treasury 112

Treasury Concentration Credit Risk Compliance 112

Future CFO

JANUARY 12, 2021

The guardian of finance operations and the steward of enterprise resources, the CFO has a deep cross-functional view of the enterprise. All in all, the ability to quickly analyse and respond to sudden changes in the market and company resources has become even more vital to the finance function.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

PYMNTS

NOVEMBER 9, 2016

“Fundamentally, [Circle] set out to build a new global consumer finance company, and our starting point is a focus on social payments,” he explained. “We This allows Circle to take on the credit risk of transactions to make money move instantly.

Currencies 75

Currencies Compliance Communication Credit Risk 75

Barry Ritholtz

FEBRUARY 13, 2023

You graduate Emory University with a degree in finance. No, I’m — RITHOLTZ: You beat me by an hour, RIEDER: You know, I think, I would say to young people who come into the business, you know, why are you coming into finance? You know, whereas, parts of credit card, auto finance are more attractive.

Mergers and Acquisitions (M&A) 57

Mergers and Acquisitions (M&A) Investments Marketing Education 57

Barry Ritholtz

AUGUST 15, 2023

Let me say what your compliance wouldn’t allow you to say. The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. And at the time, I was managing Protege Partners as a hedge fund of funds. RITHOLTZ: You were crushing it.

Benchmarking 52

Benchmarking Investments Marketing Treasury 52