CFO News Room

FEBRUARY 3, 2022

The Indian technology sector saw several major announcements in the Union Budget 2022, with a few misses in the startup segment. Budget 2022’s announcements on manufacturing, sustainability, electronics, digital currency, innovation and startups with technology as the cornerstone are expected to give a fillip to the tech industry.

Budgeting 130

Budgeting Startups Currencies Manufacturing 130

PYMNTS

SEPTEMBER 6, 2018

Compliance and risk? Automating that compliance is now a “need to have.”. The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. Plugging In To Plugins.

Compliance 53

Compliance Education Currencies Marketing 53

PYMNTS

JULY 18, 2019

The technology, he noted, is starting to get ahead of the problem and neutralize the pain points. “In The first is the risk and compliance bucket, ensuring practices are aligned with the governing regulatory model, including making sure everyone is who they say they are – on both sides of the transaction.

Technology 64

Technology Compliance Communication Currencies 64

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. “It’s not only about understanding the compliance procedures of the business itself,” said Karalevi?ius,

Banking 113

Banking Compliance Currencies B2B 113

PYMNTS

JULY 13, 2016

The B2B industry, never one to rush on board to embrace technology, is incrementally but surely moving toward streamlining payments processes, with an eye on reducing complexity and cost, as noted in a recent blog post by The Bancorp. But there’s a groundswell.

Currencies 40

Currencies B2B Treasury Invoicing 40

Future CFO

DECEMBER 7, 2023

Astute Currency Management : With the yuan’s value potentially fluctuating, adept management of currency exposure is crucial. Utilizing financial derivatives like forwards and options can be effective in hedging against currency risks. Regulatory Vigilance : Staying updated with China’s regulatory landscape is vital.

Economics 52

Economics Currencies Communication Risk Management 52

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

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

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. Technology brings the concept of flexible payments into reality. PaaS could be worth as much as $16.7

B2B 104

B2B Compliance Currencies Technology 104

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

OCTOBER 5, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Brussels also aims to have big platforms allow users to remove programs that come already installed on technologies like computers and smartphones.

Banking 91

Banking Compliance Advertising Tax Planning 91

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. CEOs often face the challenge of competing against larger organizations that can offer higher compensation and benefits packages, as well as more opportunities for career growth and development.

Financial Planning and Analysis (FP&A) 52

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

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. According to Acting Comptroller of the Currency Brian P. BELLIN Secures SWIFT gpi Label.

B2B 75

B2B Banking Currencies Treasury 75

PYMNTS

SEPTEMBER 22, 2020

The platform, called DTransfer , is built on SatoshiPay’s blockchain technology and the Stellar network, and it touts “speed, cost and transparency” as three main benefits, according to the report. The system will integrate currency exchange into every transaction, enabling customers to track payments in real time.

B2B 99

B2B Compliance Currencies Banking 99

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

PYMNTS

OCTOBER 23, 2018

22), BofA Merrill said the solution also integrates data analytics and machine learning technologies to accelerate the process. While wire remains a popular rail for global transactions, BofA Merill said, “Many smaller banks lack the infrastructure, the accounts and the mechanisms to handle the currency conversions themselves.”

Foreign Exchange 76

Foreign Exchange Banking Currencies Compliance 76

PYMNTS

OCTOBER 10, 2019

Its announcement came the day after crypto exchange Binance tweeted that it is now accepting fiat currencies via Alipay, as well as via mobile messaging and payment app WeChat. To reiterate, Alipay closely monitors over-the-counter transactions to identify irregular behavior, and ensure compliance with relevant regulations.

Currencies 67

Currencies Compliance Accounting Planning 67

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

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. Technology brings the concept of flexible payments into reality. PaaS could be worth as much as $16.7

B2B 61

B2B Compliance Currencies Technology 61

PYMNTS

AUGUST 22, 2019

Paying with digital currencies is becoming more and more prevalent internationally, and every industry is affected. With our pilot operation in the A1 shops we are testing the demand and acceptance of digital currencies in Austria,” Markus Schreiber, head of A1 business marketing, said in the press release.

Currencies 61

Currencies Compliance Economics Sales 61

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 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches. All of this is really manual," noted Gulati. "If

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

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

FEBRUARY 21, 2020

In the digital innovation officer role, he will work to engage with new financial innovations and technologies. Mosier returns to FinCEN from Chainalysis, the digital currency analytics, investigations and compliance company, where he served as chief technical counsel.

Treasury 100

Treasury Leadership Compliance Currencies 100

PYMNTS

DECEMBER 23, 2020

More and more of these workers want to be paid in their local currencies and they also expect these payments to be finalized swiftly. This can cause wrinkles for freelancers who want to claim funds in their local currencies, especially if the conversion costs fall to them. Freelance Flexibility And Cross-border Payments.

Currencies 108

Currencies Invoicing Compliance Planning 108

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

Future CFO

MAY 26, 2022

The problem is that most subsidiary businesses have enough independence to decide on what tools and technologies they can use to support their business. According to EY , organisations are fighting through a thicket of clashing policies, processes and technologies when handling intercompany transactions.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

PYMNTS

SEPTEMBER 15, 2020

Having multiple providers ensures merchants can still access funds from their card transactions even if one bank provider stops operating in a certain industry or currency, for example. To me, it all comes down to technology and simplifying that technology so it can be used in a very straightforward manner.”.

B2B 119

B2B Risk Management Compliance Prioritization 119

PYMNTS

DECEMBER 2, 2020

Diem Networks will operate the actual payments system, which will oversee a new currency called the Diem Dollar. Along with the name change, the Diem Association also announced a bevy of top executive hires, filling a number of key compliance and legal positions.

Currencies 62

Currencies Compliance Numbers Banking 62

PYMNTS

SEPTEMBER 17, 2020

The association said in a news release that “Emmett is a highly experienced financial services leader with a wealth of global experience in business, strategy, technology and operations, gained through his 25 years with HSBC.". In addition, government entities have become interested in “stablecoin” technology. On the heels of the U.S.

Currencies 56

Currencies Leadership Compliance Banking 56

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

PYMNTS

SEPTEMBER 9, 2020

Deel says its technology addresses the biggest logistical hurdles that are associated with onboarding globally remote full-time staff and contractors, which are compliance and payroll. 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

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

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

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

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