PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov. The Value Of CBDC .

Currencies 92

Currencies Economics Banking Compliance 92

PYMNTS

SEPTEMBER 21, 2018

The SBA issued guidelines to Swiss banks in an effort to support those innovators’ access to bank accounts, reports said, noting that financial institutions (FIs) have been reluctant to provide banking services to these startups for fear of anti-money laundering (AML) non-compliance.

Accounting 74

Accounting Banking Startups Currencies 74

PYMNTS

MARCH 22, 2016

Investors may be flocking to blockchain technology startups that are seeking out new ways to use the tool, but one startup just secured investment for making sure that the businesses using blockchain are doing so within the confines of the law. We have already been able to expand operations to the U.S.

Startups 40

Startups Compliance Currencies Securities 40

PYMNTS

AUGUST 17, 2018

However, this summer, a different kind of B2B startup has captured investors’ attention. Enterprise blockchain startup Axoni secured $32 million in Series B funding this week, the company announced in a press release. B2B FinTech is undoubtedly a hot spot for venture capitalists (VCs) this year. MyDreamPlus.

Startups 40

Startups B2B Auditing Invoicing 40

PYMNTS

JULY 3, 2018

In the life of a startup, there’s no better news than growth, be it across new verticals, devices or geographies. As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints.

Startups 40

Startups Compliance Currencies Leverage 40

PYMNTS

MARCH 11, 2020

In Asia, venture capitalists have backed two commercial card startups — one in China, targeting employee expense management, and one in India, with a focus on linking startups to credit without the need for a personal guarantee. India Startup Lands Funding For Card For Startups. Airwallex Readies B2B X-Border Card.

B2B 52

B2B Invoicing Startups Compliance 52

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

PYMNTS

DECEMBER 26, 2019

But the PBOC is also looking to create a digital yuan for “spend, not for speculation,” like other digital currencies. Klarna Co-founder Among Swedish Startup Execs Funding Social Change. That’s a problem for retailers trying to navigate tax compliance while selling items like diapers that are taxed very differently across state lines.

Compliance 52

Compliance Currencies Startups Sales 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

JANUARY 9, 2019

Blockchain and digital currency startups notched over £200m in funding from venture capitalists in 2018 per Pitchbook and London & Partners data, TheNextWeb reported. By comparison, the startups from those industries only took in £19.11M in funding in 2017 compared to £51.96M the year prior.

Currencies 51

Currencies Nonprofit Startups Compliance 51

PYMNTS

JANUARY 30, 2019

Forex companies, in particular, move money as they change it from different currency types. Then the first money laundering directives came out, which started to mandate more and more in the realm of customer due diligence, so the company added a compliance check.

Foreign Exchange 74

Foreign Exchange Compliance Startups Currencies 74

PYMNTS

JULY 27, 2020

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

Valuation 56

Valuation Leadership Risk Management Compliance 56

PYMNTS

MAY 31, 2016

I started thinking about this in between the raindrops this weekend and couldn’t help but being reminded of the cool kid similarities in the startup world. Cool kids get invited into the elite cool kid’s funding circle, which literally becomes a tradable currency just for being in the club. I’ll even remember your name, too.

Startups 40

Startups Valuation Compliance Currencies 40

PYMNTS

OCTOBER 11, 2017

Toronto-based technology startup nanopay aims to make the whole process easier — and more secure. Now, customers in those countries can use the platform to send money to each other and have all the complex cross-border and compliance components handled by nanopay. Second, it removes the currency risk. dollars in the process.

Credit Risk 40

Credit Risk Currencies Startups Compliance 40

PYMNTS

AUGUST 4, 2019

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, which aims to identify crypto transactions associated with money laundering. A big problem with compliance, in general, is false positives. However, the majority of the transactions, around 77 percent, remained unclassified. “A

Compliance 46

Compliance Currencies Financial Systems Startups 46

PYMNTS

APRIL 3, 2018

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. On the other band, banks with regulators want to enforce their processes, compliance and charges to customers.

Banking 70

Banking Currencies Compliance B2B 70

PYMNTS

JANUARY 22, 2019

The company will introduce local versions of its solution in seven different languages, with plans to target other startups in need of a digital, automated travel and expense management solution. Reports Monday (Jan. 21) in Skift said Travelstop has entered seven new markets across Asia, expanding beyond its home market of Singapore.

Compliance 53

Compliance Currencies Startups Planning 53

PYMNTS

JANUARY 10, 2020

In other news, blockchain compliance startup Securrency has received $17.65 virtual currency entities) are not required to pay such assessments, despite being subject to similar examination and oversight requirements. million in a Series A funding round, led by WisdomTree. Entities licensed under the FSL (e.g.

Compliance 52

Compliance Currencies Startups Investments 52

PYMNTS

NOVEMBER 16, 2017

Wu said the company had to coordinate with the vendor, figure out international shipping and logistics and navigate the challenges of cross-border payments and foreign currency. “It Different vendors wanted to be paid through different methods and in different currencies. It was a nice crash course early on,” Wu said.

Math 46

Math Compliance Currencies Startups 46

PYMNTS

JULY 12, 2019

MSBs will now include domestic and foreign businesses that are “dealing in virtual currency,” Canada’s government said. “As And IDEO CoLab revealed that it has partnered with 20 blue chip and crypto firms on the blockchain accelerator Startup Studio.

Currencies 40

Currencies Education Compliance Startups 40

PYMNTS

SEPTEMBER 18, 2018

In the last three years, ADGM has been building a globally connected platform to support financial intermediation and facilitate capital flows for all companies, including startups and [small- to medium-sized enterprises (SMEs)],” ADGM Chairman Ahmed Al Sayegh said. Startup accelerators are in place. Announcements came Monday (Sept.

Banking 66

Banking Startups Education Compliance 66

PYMNTS

JANUARY 21, 2020

In the most recent Disbursements Tracker , PYMNTS discusses how moving to digital disbursements can alleviate these pain points, but businesses also have compliance and infrastructure costs to consider as they innovate their payment processes. Israeli financial startup Refundit recently raised $9.8 Around The Disbursements World.

Compliance 67

Compliance Currencies Banking Startups 67

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. Among Chinese financial services firms establishing a presence in the EU, PingPong stands out as the only startup.

Securities 51

Securities eCommerce Compliance Startups 51

PYMNTS

JUNE 26, 2018

As startup Tipalti looks ahead to its global expansion, these were the questions on leadership’s mind, so the company conducted a study to find out. By automating management of multi-currencies, multi-entities, global payments and foreign transaction fees, he said organizations can minimize the number of new hires they must make to expand.

Startups 44

Startups Compliance Currencies Numbers 44

PYMNTS

MARCH 6, 2018

America’s eCommerce giant is reportedly playing with blockchain via its cloud computing arm, Amazon Web Services (AWS) , with a focus on health care, financial services, supply chain management, and security and compliance. In 2016, Rakuten acquired a bitcoin wallet startup, Bitnet. Mastercard.

Currencies 47

Currencies Leverage eCommerce Compliance 47

PYMNTS

AUGUST 18, 2017

Israch said that tasks as far ranging as supplier management, invoice processing and regulatory compliance can be managed through Tiaplti’s AP Hub. CMO Rob Israch describes the AP Hub as a central place where every aspect of payments is brought into one central cloud-based location. and overseas.”.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

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. CFOs can seek strategic partnerships and collaborations with other companies, including fintech startups, to explore new technologies and business models.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

PYMNTS

MAY 12, 2017

For many B2B firms, it’s not uncommon to settle Forex payments through wires and foreign currency drafts, despite high costs and long wait times. However, doing so meant building banking relationships in foreign markets — something that would have cost the upstart precious time and startup capital. Take Forex payments, for instance.

B2B 43

B2B Foreign Exchange Compliance Currencies 43

PYMNTS

JUNE 30, 2016

Such ambition is not limited to any specific vertical, said Diaz, as even Silicon Valley startups want to grow their reach. . Yet getting out of the comfort zone also requires that that companies tackle new compliance requirements, with the added challenge of doing so with a language that may not be familiar.

Compliance 40

Compliance Currencies Startups Technology 40

PYMNTS

MARCH 17, 2017

AS: There are a host of benefits for insurers to switch to smart contracts and digital currencies. We can expect the most immediate use cases where competing interests and immutability are the most valuable — so this would be areas such as compliance, identity, settlement and provenance. And it’s not specific to FinTech.

Invoicing 50

Invoicing Compliance Currencies Technology 50

PYMNTS

JUNE 14, 2018

A certain amount of anonymity must be sacrificed to meet regulations like anti-money laundering (AML) compliance standards. where the startup is based. Once this population has been reached, then the startup can start to grow into other socioeconomic and geographic categories, Brisker said, with merchants and Canada next on the list.

Startups 47

Startups Currencies Transportation Banking 47

PYMNTS

APRIL 29, 2019

Dozens of sites and services enable customers to book stays online in their local currencies, making them particularly appealing for millennials seeking cheap accommodations. The same can be said for hostel booking sites, where increased security, compliance and verification requirements are instilling pain points.

Advertising 40

Advertising Compliance Currencies Securities 40

PYMNTS

JULY 17, 2018

Increasing collaboration promises to help with that task, according to a recent PYMNTS interview with Director of Compliance and Interoperability Kevin Emery at UL , which helps other companies with identity management and security-related issues. Cryptocurrencies will also play a role in consumer trust and collaborative fuel.

Securities 41

Securities Advertising Compliance Communication 41

PYMNTS

JULY 11, 2017

Real-time redemption at the point of sale and the concept that loyalty points can be a currency and the ability to do that at a fuel pump or retail store is something that has never been done. The amount of energy put toward risk, security and compliance have added a tremendous amount of burden into the payments space.

Compliance 40

Compliance Leadership Securities Currencies 40

PYMNTS

FEBRUARY 26, 2018

Poloniex, as the companies said in the announcement, is among one of the larger global markets for tokens and digital currencies. Circle , the payments firm that operates an app-based peer-to-peer payments network based on blockchain and which has financial backing from Goldman Sachs, said Monday (Feb. 26) it acquired the U.S.

Compliance 40

Compliance Currencies Investments Finance 40

PYMNTS

MARCH 16, 2018

Transparency is key, but often is lacking – in part because of far-flung parties, which include both sides of a transaction (buyer and seller, of course) that may be operating across time zones, languages and currencies. Frequently, there are intermediaries involved with financing.

Invoicing 49

Invoicing SAP Manufacturing Construction 49

PYMNTS

MARCH 12, 2018

If defined as currencies, should the Department of Treasury be involved? Said Patel of the ICO-focused firms themselves: “My concern is that we need one agency to rule them all so they know what they need to do to be in full compliance.”. Obviously, there are tax issues and you’ve got the IRS involved,” said Patel.

Securities 46

Securities Startups Treasury Education 46