CFO News Room

JANUARY 18, 2023

The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based in Russia. WSJ | Risk and Compliance Journal. Deputy Treasury Secretary. Concurrent with the U.S. Wally Adeyemo.

Treasury 100

Treasury Compliance Financial Systems Finance 100

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Bramasol

FEBRUARY 28, 2023

An EMS is effectively a bridge between sales and provisioning, with linkage to backend accounting and revenue compliance systems. They don't want to worry about or deal with the inherent complexity required in the backend to assure provisioning, delivery and associated revenue compliance issues.

SAP 75

SAP Compliance Transportation Entertainment 75

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

JULY 21, 2020

Speaking with PYMNTS, Fides Treasury Services Head Client Relations Simon Kaufmann explored how some of the biggest opportunities to modernize the treasury function are adding new pressures to finance teams as they navigate the pandemic. ” Challenge Turned Opportunity. Yet there is opportunity hidden within the friction, he said.

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Treasury Cash Management Data Analysis Compliance 64

PYMNTS

FEBRUARY 19, 2020

The summit, according to BloombergTax, will include four 90-minute panels on technology updates, problems with cryptocurrency exchanges, tax return preparation and regulatory guidance and compliance. Officials speaking will include those from the IRS as well as some from the Department of Treasury’s other offices and bureaus.

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Currencies Treasury Compliance Accounting 67

Strategic Treasurer

MARCH 6, 2023

In the Language of Finance sub-series, we will look into different terms that should be understood in order to communicate effectively with the rest of your treasury team and with others. How does the language of FP&A differ from treasury? Does it mean currency? Listen in to find out. What is it? How does it work?

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Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

PYMNTS

DECEMBER 8, 2017

In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies. Many of our clients are migrating off their core banks’ treasury service and leveraging Payment Rails’ payout platform because we offer automation and REST API connectivity.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

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

JANUARY 15, 2021

As noted in this space earlier in the month, the Office of the Comptroller of the Currency (OCC) said that banks can utilize stablecoins in transactions, among other banking activities. But those same payments mechanisms must be in compliance with various regulatory and legal frameworks. How do the reserves work? How do the flows work?

Compliance 101

Compliance B2B Banking Treasury 101

Future CFO

AUGUST 24, 2020

Most of the CFOs I speak to have reported multiple immediate challenges and priorities on the technology front. CFOs expect technology solutions to build a coherent strategy to deliver on these priorities while ensuring the technology tools they select during these times, are relevant and applicable in the future as well.

SAP 40

SAP Treasury CFO Credit Risk 40

PYMNTS

MARCH 2, 2016

Blockchain proponents say the disruptive technology is worth the onboarding process. Last week, Ripple published a report outlining some of its boldest claims about the potential of distributed ledger technology, including that it could save banks money. Banks can hold their local currency and keep just one account.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

DECEMBER 26, 2018

As money launderers and other illicit actors constantly evolve their tactics, we want the compliance community to likewise adapt their efforts to counter these threats,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker. Next-Generation Compliance and AML Solution.

Compliance 76

Compliance Risk Analysis Finance Treasury 76

PYMNTS

MAY 15, 2019

In payments, to gain technology, reach and new use cases (and, sometimes, all of the above at once), the debate has always boiled down to “build or buy.” These firms and providers no longer need to go through “50 operating environments to manage currencies and local rails. Single Point Of Connection.

Treasury 74

Treasury B2C Financial Systems Banking 74

CFO Simplified

OCTOBER 10, 2023

As technology improves, your bank may have added services that they didn’t have just a few months ago. Think in terms of Treasury Management. It’s important that you understand the measures that the bank will use to determine if you are in compliance — meeting the bank’s requirements. Every business needs a banking relationship.

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Banking Cash Flow Forecasting Forecasting Treasury 52

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

OCTOBER 19, 2016

Their investment strategies are also impacted by the issue of currency risks and inflation, both cited by about a fifth of survey respondents as a top macroeconomic concern. Most of the CFOs surveyed also said technology is changing the way they do business, and many of these professionals are reluctant to adopt disruptive tools.

Treasury 70

Treasury Prioritization Economics Leadership 70

PYMNTS

APRIL 22, 2016

But technology is changing the foreign exchange trading game, and market volatility may be the only sure thing in this space. The company provides traders and institutions with a virtual private server (VPS) service, using cloud technology to host an FX trading platform. Technology, too, makes this possible. Amid the U.S.

Marketing 40

Marketing Foreign Exchange Treasury Currencies 40

Strategic Treasurer

JANUARY 3, 2022

Host Craig Jeffery kicks off the 2022 Outlook series with a conversation with Jon Paquette, Senior Financial Solutions Expert at TIS (Treasury Intelligence Solutions), on the outlook of payments. They discuss technology developments that will likely have the biggest impact on treasury in 2022. Speaker: Jon Paquette, TIS.

Treasury 52

Treasury Cash Flow Forecasting Forecasting Banking 52

Reval

MARCH 7, 2017

As costs of hedging include time value of options – as well as currency basis and forward points – options can now come back into the toolbox of the risk manager. While many finance teams are implementing IFRS 9, Reval’s HATT experts are already reviewing what impact IFRS 16 has on corporate treasuries. 3) Competitive Advantage.

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IFRS Accounting Risk Management Treasury 52

PYMNTS

NOVEMBER 29, 2018

The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction. trillion by 2025. trillion by 2025.

Auditing 54

Auditing Entertainment B2B Finance 54

Future CFO

DECEMBER 11, 2023

Technology’s role Admittedly, the advent of new technology, particularly generative artificial intelligence and OpenAI, has been spread out not only in the banking sector but across all industries. This view is shared by Austria, saying technology vendors are seen as partners instead of competitors or even threats.

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Banking Finance CFO Leverage 98

Barry Ritholtz

FEBRUARY 13, 2023

But since you mentioned getting return on the risk you take, how do you think about duration when the three-month Treasury is more or less the same or better than the 10-year? technology, that was something to ride for a while. Tell us a little bit about what you do on Twitter and how was it getting that through legal and compliance?

Mergers and Acquisitions (M&A) 57

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