Future CFO

DECEMBER 7, 2023

This means keeping sufficient cash reserves and securing flexible credit facilities to ensure operational resilience amidst market volatility. Astute Currency Management : With the yuan’s value potentially fluctuating, adept management of currency exposure is crucial.

Economics 52

Economics Currencies Communication Risk Management 52

PYMNTS

JANUARY 25, 2019

Chainalysis unveiled an anti-money laundering (AML) compliance solution for stablecoins called Know Your Transaction (KYT), the company said in an announcement. In other news, Robinhood got the green light to trade seven digital currencies — such as bitcoin and litecoin, among others — in New York state, Reuters reported.

Securities 49

Securities Currencies Healthcare Auditing 49

PYMNTS

MAY 23, 2017

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices. The paper also looks at specific use cases, such as distributed KYC registries and low-value P2P/B2C payments.

Currencies 40

Currencies Banking B2C Compliance 40

PYMNTS

FEBRUARY 21, 2020

“As Deputy Director, Mr. Mosier oversees FinCEN’s wide-ranging work to protect the financial integrity and national security of the United States,” the release states. In the digital innovation officer role, he will work to engage with new financial innovations and technologies.

Treasury 100

Treasury Leadership Compliance Currencies 100

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

PYMNTS

JANUARY 24, 2021

One facet of helping with compliance is the automatic recording of journal entries. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws.

Accounting 71

Accounting Compliance Invoicing Currencies 71

E78 Partners

FEBRUARY 14, 2024

This can make it difficult to implement best practices, develop state-of-the-art technology solutions, or recruit top talent. Competitive pressures: Middle-market businesses operate in highly competitive environments with the need to outperform rivals in order to maintain market share, satisfy stakeholders, and drive value creation.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

SEPTEMBER 29, 2017

Through its Platform Payouts product, PingPong aims to reduce both the time and costs for Chinese internet sellers to receive international payments from eCommerce platforms in their local currency. It is the sole payment platform to focus exclusively on repatriating eCommerce revenue to China.

Securities 51

Securities eCommerce Compliance Startups 51

PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. BELLIN Secures SWIFT gpi Label. According to Acting Comptroller of the Currency Brian P.

B2B 75

B2B Banking Currencies Treasury 75

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. Financial Companies’ Security And Regulatory Obligations .

Compliance 75

Compliance Currencies Leverage Finance 75

PYMNTS

AUGUST 14, 2019

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. When it came to technology, Blanco was specifically interested in – and concerned about – two main areas. Mobile Gaming And Digital Currency .

Compliance 65

Compliance Currencies Financial Systems Budgeting 65

VCFO

AUGUST 16, 2023

These types of businesses include currency-based businesses such as food service, laundromats, salons, and related operations. Assessing and Implementing AML Policies and Procedures Evaluating one’s AML efforts can strengthen not only the organization’s compliance with regulatory requirements, but also its operations generally.

Compliance 87

Compliance Banking Risk Management Currencies 87

PYMNTS

NOVEMBER 10, 2020

To get a sense of just how hard it is for cryptocurrencies to gain, well, currency in everyday life, consider bitcoin, perhaps the granddaddy of cryptocurrencies — and still the 900-pound gorilla in the space, with roughly two-thirds of the market cap across the entire sector. The Difference A Decade Makes . Back in May, i2c Inc.

Currencies 129

Currencies Leverage Securities Banking 129

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. Cloud-based KYC activities were among the new technologies most used by U.S.

Compliance 46

Compliance Currencies Finance Investments 46

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in Ghana and Uganda are exploring changes to their remittance rules to keep payments secure.

B2B 72

B2B Compliance Securities Banking 72

PYMNTS

OCTOBER 16, 2019

“Following our withdrawal from the Libra Association membership process last week, we’ve received a great deal of interest in understanding how we evaluate technologies, programs and partners that have the potential to evolve the payments industry and enhance the value we can deliver,” Mastercard said in a statement today (Oct.

Currencies 60

Currencies Compliance Economics Securities 60

PYMNTS

NOVEMBER 6, 2020

Financial services firm Figure Technologies, Inc. has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. 6) announcement.

Banking 65

Banking Compliance Currencies Leverage 65

PYMNTS

NOVEMBER 6, 2019

Bank of America has teamed with IBM and its regulatory compliance arm, Promontory Financial Group, to create a cloud computing platform that has privacy, security and regulatory banking compliance protocols built in, according to a report by American Banker.

Banking 40

Banking Compliance Currencies Securities 40

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. ” Confusion, Doubt Remain.

B2B 70

B2B Compliance Accounts Payable Securities 70

PYMNTS

OCTOBER 1, 2018

When it comes to supply chains, proponents say blockchain — specifically, distributed ledger technology (DLT) — holds promise. EmTech announced this week that it is introducing identity and biometric hashing technology into KYC processes across all its platforms. New Use Cases.

Currencies 73

Currencies B2B Manufacturing Compliance 73

Future CFO

MAY 15, 2023

Business perspective: Why managing Inflation is important and how smart technologies can help Inflation has become a major concern for businesses and individuals alike, with the rate of inflation reaching its highest level in 40 years. In the past, stand-alone business technologies lived in siloes, and data was hoarded.

IFRS 52

IFRS SAP Accounts Payable Compliance 52

PYMNTS

OCTOBER 21, 2020

The average multinational firm works with six separate banks and six currencies. These create new urgency for corporates to connect to instant 24/7 payment networks like RTP and ensure that they can meet the unique challenges of running effective eCommerce channels, including regulatory compliance, security, and driving conversion.

eCommerce 63

eCommerce Healthcare Compliance Currencies 63

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.

Currencies 57

Currencies Compliance Risk Management Investments 57

PYMNTS

OCTOBER 18, 2019

The Bank of Canada is thinking about launching its own digital currency. MSBs will now include domestic and foreign businesses “dealing in virtual currency,” Canada’s government said. “As

Currencies 40

Currencies Compliance Banking Securities 40

PYMNTS

NOVEMBER 14, 2019

But when we talk about global payroll, we’re talking about the same process, but in different languages, with different currencies, and with different salary structures, and possibly even different types of benefits. Compliance is still a major challenge. Technological Innovation.

Compliance 50

Compliance Currencies Technology Banking 50

PYMNTS

NOVEMBER 13, 2020

Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. The company secured the funding from an unnamed angel investor, reports said. and Hong Kong. and Hong Kong.

B2B 91

B2B Banking Foreign Exchange Startups 91

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

PYMNTS

JANUARY 29, 2019

and Europe told Bitdefender in a separate survey that their budgets are large enough to accommodate the security for which infrastructure calls. Data is the new currency, and as the market shifts, we see organizations realizing real business benefits from their investments in protecting their data.”.

Investments 59

Investments Compliance Education Benchmarking 59

Future CFO

DECEMBER 11, 2023

Beyond improving supplier relationships, and better control over working capital, other benefits include better security given the increased visibility of payment details, and improved ROI with the anticipated lowering of bank wire fees. Villanueva attributed this to the convenience, transparency, and security of the process.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

APRIL 3, 2018

This demographic is also in need of more streamlined services, however, as entrepreneurs can become quickly overwhelmed by technology adoption and integration. “I I was a solopreneur and small business owner once, so I know very well how startups and small businesses struggle to adopt technology due to lack of budgets and resources,” he said.

Banking 70

Banking Currencies Compliance B2B 70

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. This transformation is driven by several factors, including rapid technological advancements, globalization, and an increasingly complex regulatory landscape.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

Spreadym

SEPTEMBER 12, 2023

Pay yourself first by setting aside money for your future financial security. Regulatory Environment: Changes in regulations and compliance requirements can impact costs and revenue. Companies must budget for compliance and potential regulatory changes. Conversely, technology can also drive cost efficiencies.

Budgeting 59

Budgeting Strategic Planning Forecasting Economics 59

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. Noreika, acting Comptroller of the Currency, in a statement. Compliance. Amid these fluctuations, the U.S.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

APRIL 26, 2019

However, Tsai said “conservative-minded CFOs” in B2B, along with legacy supply chain technologies and processes, serve to slow down any progress toward new payment and transaction methods. In the April Digital Consumer Onboarding Tracker , PYMNTS explores how players from around the world are taking new approaches to onboarding security.

B2B 70

B2B Compliance B2C Currencies 70

PYMNTS

JUNE 26, 2018

Cybersecurity was once seen as purely a matter of technology, but more and more, security experts are bundling issues such as personal privacy, politics, business, ethics and risk into the package. enterprise data less secure. enterprise data less secure. What the firm found was that experts are concerned.

Currencies 50

Currencies Healthcare Securities Compliance 50

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. The Charter Advantage . And herein lies the great irony in financial services.

Banking 86

Banking Leverage Compliance Technology 86

PYMNTS

SEPTEMBER 17, 2018

For airlines and hotels, catering to customers from around the world means dealing with a long list of complications, including accepting payments in a host of local currencies, complying with national and international regulations, and finding ways to afford or offset the high price of processing fees.

Prioritization 49

Prioritization Currencies Securities Compliance 49