CFO News Room

JANUARY 2, 2023

job market remains tight and the demand for the kind of talent the crypto industry seeks is still high , including for professionals that handle the legal and compliance business at firms. I worked with plenty of compliance folks who came from Lehman Brothers…Is it gonna be career-ending for some people? Sam Bankman-Fried.

Compliance 130

Compliance Communication Accounting Currencies 130

Barry Ritholtz

APRIL 23, 2023

Disturbing facts known to his biographers—that, for example, when he kept a store in Henderson, Kentucky, he enslaved people—have gained new currency, although the National Audubon Society has, for now, held on to its name. They were wrong—big time. ( Humanities ) • ‘Fair share’ deficits at nonprofit hospitals reached $14.2B

Nonprofit 120

Nonprofit Education Compliance Currencies 120

The Finance Weekly

AUGUST 26, 2023

Risk of International Investment AI offers valuable benefits in various aspects of business operations. Moreover, AI simplifies decision-making, assisting in judgments about foreign investments and their outcomes. This happens because exchange rates can go up and down, causing one currency to be worth less compared to another.

Risk Management 52

Risk Management Profit and Loss Currencies Compliance 52

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes. PaaS could be worth as much as $16.7 billion in 2024, PYMNTS reported in The FI’s Guide to Modernizing Digital Payments.

B2B 104

B2B Compliance Currencies Technology 104

PYMNTS

APRIL 28, 2020

Weber was most recently head of Financial Crime Prevention for the Americas at UBS, spearheading all facets of sanctions, BSA and AML compliance. He led a team of more than 3,500 while there, managing complicated financial crime probes involving digital currency, among other matters. dollar and Euro.

Currencies 67

Currencies Leadership Compliance Investments 67

PYMNTS

NOVEMBER 8, 2019

Platform models serving various business verticals have been gaining currency — literally, To that end, Boulevard , which focuses on providing a platform as a service to spas and salons, said it had raised $1 million in a Series A funding round. Lease Accounting, Too. Here in the U.S.,

Investments 40

Investments B2B Accounting Standards Compliance 40

E78 Partners

FEBRUARY 14, 2024

Regulatory compliance: The ever-changing regulatory landscape may pose challenges for middle-market CEOs who need to ensure that their organizations are compliant with all relevant regulations while managing the risks and costs associated with compliance.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

SEPTEMBER 12, 2019

The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies. financial institutions (77 percent) for AML compliance.

Compliance 46

Compliance Currencies Finance Investments 46

PYMNTS

AUGUST 11, 2020

In an interview with Karen Webster, Saum Noursalehi , CEO of tZERO Group – a majority-owned subsidiary of Overstock that owns and operates a platform enabling investors to trade shares in private companies through a two-sided marketplace underpinned by blockchain – said that new digital processes can democratize private-market investments.

Marketing 125

Marketing Compliance Investments Education 125

PYMNTS

SEPTEMBER 30, 2018

1) that IdentityMind’s pioneering compliance, risk management and fraud prevention platform has integrated CipherTrace ’s digital currency risk assessment technology. Virtual currencies are an important, emerging area within the world’s fast-growing digital economy. IdentityMind Global announced Monday (Oct. That’s what we do.

Currencies 57

Currencies Compliance Risk Management Investments 57

PYMNTS

SEPTEMBER 22, 2020

The system will integrate currency exchange into every transaction, enabling customers to track payments in real time. That will let approved banks and businesses join a compliance network and share KYC/KYB details. DTransfer has already connected its payment platform to bank networks in Europe, the U.S.,

B2B 99

B2B Compliance Currencies Banking 99

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”. The group was comprised of between approximately 90 and 150 check cashers in the New York and New Jersey area.

Banking 107

Banking Compliance Currencies Financial Systems 107

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

Spreadym

APRIL 27, 2023

Investment analysis: Business software tools for investment analysis allow you to analyze investment options and evaluate their potential returns. Risk management: These tools help users identify and manage financial risks, such as market fluctuations, interest rate changes, and currency exchange rates.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5 million. .

Compliance 75

Compliance Currencies Leverage Finance 75

PYMNTS

SEPTEMBER 9, 2020

Deel has notched a $30 million Series B investment headed up by Spark Capital, whose General Partner Yasmin Razavi is joining the company’s board, according to a Wednesday (Sept. It says that onboarding and compensating international workers is complicated, as labor laws and currency requirements differ between nations.

Compliance 56

Compliance Currencies Investments Technology 56

PYMNTS

OCTOBER 29, 2020

That's larger than foreign direct investment flows at $534 billion and overseas development assistance at about $166 billion. PYMNTS September Smarter Money Tracker examined the compliance challenges faced by cross-border money transfer organizations and how regulatory tools can help keep remittances providers up to date.

Banking 91

Banking Compliance Forecasting Currencies 91

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. These tools offer capabilities ranging from spending tracking and improved budgeting to making informed investment choices.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

Bramasol

DECEMBER 14, 2023

As of the third quarter of 2023, SAP SE reported cloud revenue was up by 23% at constant currencies, driven mainly by the growth of SAP's combined SaaS and PaaS portfolio. From an enterprise perspective, the adoption of new Gen-AI applications has triggered a flood of new initiatives and investment. According to McKinsey & Company.

Technology 88

Technology SAP IFRS Compliance 88

PYMNTS

AUGUST 26, 2019

House Financial Services Committee Chair Maxine Waters met with government officials in Switzerland about Libra, and said she remained concerned about the viability of the currency, according to a report by Reuters. Facebook, which announced the currency in June, wants to get regulators on board with Libra so that it can move forward.

Currencies 58

Currencies Compliance Financial Systems Investments 58

CFO News Room

JANUARY 18, 2023

WSJ | Risk and Compliance Journal. Our Morning Risk Report features insights and news on governance, risk and compliance. The Justice Department said enforcement actions imposed in recent weeks against the crypto industry have shown that investments in improving its expertise in the sector are paying off. Newsletter Sign-up.

Treasury 100

Treasury Compliance Financial Systems Finance 100

Spreadym

SEPTEMBER 12, 2023

Create a Revenue Forecast: Estimate your expected income sources, including salaries, sales revenue, investment income, grants, or any other sources of revenue. Account for Savings and Investments: Allocate a portion of your income for savings, investments, or emergency funds.

Budgeting 59

Budgeting Strategic Planning Forecasting Economics 59

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes. PaaS could be worth as much as $16.7 billion in 2024, PYMNTS reported in The FI’s Guide to Modernizing Digital Payments.

B2B 61

B2B Compliance Currencies Technology 61

PYMNTS

MARCH 11, 2020

In addition to adding support for card payments on invoices, QuickBooks upgrades also include a cash flow planning tool, invoice payment reminders, open banking support, receipt data capture and payroll compliance. Airwallex Readies B2B X-Border Card. and Hong Kong at a later date, the company said.

B2B 52

B2B Invoicing Startups Compliance 52

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. It all comes, at least on the surface, as a message of support that also comes at a time when chief compliance officers may be a bit trepidatious.

Compliance 59

Compliance Banking Currencies Investments 59

PYMNTS

SEPTEMBER 8, 2019

There are no plans for Twitter to create its own digital currency similar to Facebook ’s Libra. As I look at all cryptocurrencies that could fill that role of being the native currency for the internet, [Bitcoin is] a pretty high probability.”.

Currencies 66

Currencies Compliance Investments Planning 66

PYMNTS

JUNE 27, 2018

If the deal is finalized, Uphold’s compliance footprint will be expanded, as well as its customer base and service offering. Uphold is the creator of an open, transparent digital money platform that allows users to quickly and safely access traditional currencies, cryptocurrencies and other investments in one place.

Securities 43

Securities Currencies Compliance Sales 43

PYMNTS

AUGUST 23, 2019

“This partnership with Pundi X solidifies our commitment to make cryptocurrency as easy to use as fiat currency in our stores.”. It is the first compliance alerts solution available across 15 cryptocurrencies. It is the first compliance alerts solution available across 15 cryptocurrencies.

Compliance 49

Compliance Currencies Financial Systems Sales 49

CFO Talks

MARCH 14, 2024

No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making. Balancing the traditional focus on cost control with the imperative to invest in new ideas and technologies requires a nuanced approach.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

PYMNTS

OCTOBER 1, 2018

After all, it stands to reason that the more links there are in the supply chain (spread out, and even global in nature), the harder it is to deliver absolute confidence in production methods, quality of products, transparency of payments and regulatory compliance.

Currencies 73

Currencies B2B Manufacturing Compliance 73

PYMNTS

JULY 10, 2019

“It’s the first time where the little guy actually is there and has an advantage structurally because they don’t have the compliance, the legal departments holding them back,” Winklevoss said. Facebook isn’t the only company looking to introduce its own currency.

Currencies 49

Currencies Compliance Investments Banking 49

PYMNTS

JULY 1, 2019

Despite the obvious regulatory hurdles that Facebook’s recently announced cryptocurrency is facing, the company is moving forward with its plan to provide the world with an accessible global currency, according to reports. Facebook has registered Calibra, the wallet that will hold the currency, as a money service business with the U.S.

Currencies 41

Currencies Compliance Investments Banking 41

The Charity CFO

FEBRUARY 9, 2022

We don’t want to exaggerate the impact…but trillions of dollars in wealth have been created in digital currency in record time. . Note: Cryptocurrency is digital currency secured by a technology called a blockchain that records every transaction made involving the currency. Third-Party Processor. Digital Wallet .

Nonprofit 98

Nonprofit CFO Currencies Math 98

PYMNTS

APRIL 7, 2019

“The enhancements improve the payment-to-settlement time, increase security and reduce costs for both payers and receivers by further automating and streamlining reconciliation of the growing number of international payments coming from different countries in different currencies,” the company said.

Reconciliations 62

Reconciliations Currencies Invoicing Compliance 62

Planful

JUNE 3, 2021

Investing in innovative technology, such as a cloud-based planning and consolidation platform, gives your finance teams the support they need for financials. Eliminate manual tasks, overcome information silos, and ensure compliance while creating these statements, even as the company scales. Case in point: Barclays PLC was fined $34.8

Compliance 40

Compliance Reconciliations Currencies Finance 40

PYMNTS

NOVEMBER 10, 2020

Remittances fuel many economies, and Pakistan is looking to encourage these financial flows by making it easier for expatriates to send money home and make other investments in the country. FIs and FinTechs in Europe are preparing for additional cross-border financial frictions amid the prospect of a no-deal Brexit.

Banking 86

Banking Compliance Currencies Financial Systems 86

PYMNTS

FEBRUARY 14, 2018

In consumer money transfers, we continue to believe digital will be the growth driver” – and thus investments will continue to target more countries with westernunion.com and continued expansion into mobile transactions, said the CEO. Later during the call, he told analysts that “on the crypto currency side, look, currency is currency.

Currencies 78

Currencies CFO Compliance Sales 78