PYMNTS

JUNE 23, 2016

The technology is typically used by financial institutions to help prevent fraud when customers open a new bank account or when issued credit or debit cards. But it can also be utilized in applications across fraud prevention and compliance to help businesses adhere to anti-money laundering (AML) regulations.

Investments 42

Investments Securities Compliance Financial Systems 42

Future CFO

NOVEMBER 15, 2023

Integration and Automation CFOs should integrate spreadsheets with other financial systems and applications to ensure seamless data flow and reduce the risk of errors during manual data transfers. This might involve implementing automated compliance checks and utilising tools that provide real-time alerts for potential risks.

Financial Planning and Analysis (FP&A) 52

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

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. and around the world. This includes offering sports betting through a mobile app.”.

Compliance 65

Compliance Currencies Financial Systems Budgeting 65

PYMNTS

SEPTEMBER 17, 2020

Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. Technology Plays Catch-Up. Physical documents introduce a trove of friction points for the enterprise.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov.

Restructuring 67

Restructuring Foreign Exchange Compliance Financial Systems 67

PYMNTS

JULY 1, 2019

Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave. As such, FIs must seek more innovative authentication procedures that take less time and draw less ire than weak password and PIN systems. Biometrics and the Benefits for Security .

Banking 75

Banking Securities Compliance Communication 75

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth . he remarked.

Compliance 64

Compliance Banking Securities Financial Data 64

PYMNTS

SEPTEMBER 24, 2019

These are attempts, and, often because of diligent work by bank compliance officers, do not represent actual losses. financial system have had some information about themselves … compromised at some point.”. “FinCEN is seeing around 5,000 account takeover reports each month involving approximately $350 million,” he said.

Compliance 71

Compliance Financial Systems Accounting Securities 71

PYMNTS

NOVEMBER 30, 2020

WatchDOG AML is a “holistic” anti-money laundering ( AML ) solution that works to prevent financial crime by “identifying suspicious activity in real time with an enterprise transaction monitoring system,” the companies said in a statement on Monday (Nov.

Risk Management 63

Risk Management Compliance Financial Systems Leverage 63

PYMNTS

MAY 26, 2017

From relying on physically walking into a bank to withdraw cash to snapping a photo of a check for deposits, technology has played a great part in the way financial transactions have evolved within the last thirty years. With the various advances in technology, many issues have come to light from the use of blockchain.

Financial Systems 46

Financial Systems Benchmarking Finance Technology 46

CFO Thought Leader

MAY 21, 2023

Staloch: Fundrise is a technology company. Very broadly, our mission is to build a better financial system for the individual. In order to do so, we had to utilize a rather esoteric part of the securities laws called Regulation A, which allows you to raise up to $75 million a year from unaccredited investors.

CFO 52

CFO Investments Accounting Accounting Standards 52

PYMNTS

JUNE 18, 2019

Yet, as scoutbee Founder and Managing Director Lee Galbraith explained in a recent interview with PYMNTS, product quality and prices are only the tip of the iceberg when it comes to strategic vendor sourcing, and what it means for corporate security, digital transformation journeys and bottom lines.

Compliance 50

Compliance Securities Invoicing Currencies 50

PYMNTS

SEPTEMBER 23, 2019

Credit scoring and analytics company FICO is launching the FICO Falcon X and the FICO Financial Crimes Studio to help data scientists leverage artificial intelligence (AI) technology to help with the detection of financial crimes, according to a release by the company.

Compliance 52

Compliance Leverage Financial Systems Finance 52

PYMNTS

OCTOBER 25, 2016

25) a partnership to integrate its Trusted Digital Identity online fraud prevention and compliance automation platform with Neoway’s Advanced Data solution. And second, it will help us further advance Trusted Digital Identities worldwide by collaborating with each other’s core technology on identity modeling and analytics.”.

Compliance 72

Compliance Financial Systems Banking Technology 72

Future CFO

SEPTEMBER 10, 2020

trillion dollars in annual losses, said SWIFT and BAE Systems Applied Intelligence which recently released together a report titled Follow the Money. . Activities by cyber attackers and gangs across the world are estimated to result in more than US$1.5 Experience.

Compliance 40

Compliance Advertising Financial Systems Securities 40

PYMNTS

JULY 26, 2017

“Today, the federal banking system remains healthy,” he continued. “As As outlined in the report, however, the OCC again identifies issues related to strategic, credit, operational and compliance risks as top concerns.”. Compliance. As is often the case with banks, risks of non-compliance remain high, the OCC noted.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

JUNE 20, 2019

Carney’s comments were part of a larger speech that discussed a major review of Britain’s future financial system, with the aim of cutting costs for customers and making it easier for smaller businesses to borrow money, as well as reducing compliance costs for banks. “To remain a dominant player we in the U.K.

Compliance 46

Compliance Financial Systems Banking Finance 46

PYMNTS

AUGUST 15, 2019

Seventy countries had adopted the standard as of May 2018, and it is expected to support 87 percent of the world’s financial transactions by 2023. Deep Data For Swift, Secure Payments . Some financial players suggest that companies may have to make serious choices between ISO 20022 and other modern technologies.

Treasury 58

Treasury Prioritization Compliance B2B 58

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. The meetings will usually be held on the second Thursday of the month.

Finance 49

Finance Compliance Financial Systems Technology 49

PYMNTS

JUNE 4, 2019

The goal is to provide expanding digital identification capabilities to encourage more seamless financial services onboarding and Know Your Customer (KYC) tasks for people and small businesses that might otherwise go without. Of course, big challenges remain for the growth of digital ID technology and processes.

Compliance 50

Compliance Banking Financial Systems Technology 50

PYMNTS

NOVEMBER 21, 2018

There is significant room for improvement in the cross-border payments space,” said Scott Hendry, Bank of Canada’s senior special director of financial technology, in another statement. Reuters reported earlier this month that the Financial Stability Board (FSB) counted a 4.1

Benchmarking 49

Benchmarking Banking Compliance Financial Systems 49

PYMNTS

APRIL 12, 2016

Nonprofits can face greater pressure than their for-profit peers when it comes to compliance. The nonprofit industry has a lot to gain from this payment technology, claims a new whitepaper from vendor management consulting firm Vendor Centric. But what a commercial card can’t do as well as a virtual card is security.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 40

Future CFO

SEPTEMBER 14, 2020

Paper-based processes became obsolete and secure access to standalone applications posed technical challenges. Process delays and slow communications, coupled with restrictive lockdowns, led to slower payments, increased financial risks and stretched service centers. “It For Sofitel’s Lee, the issues lie with governance.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Forecasting Planning Foreign Exchange 52

PYMNTS

OCTOBER 10, 2016

Also netting praise was the quick-charging technology that allows the phones to run for over seven hours on 15 minutes of charge (though the loss of wireless charging was bemoaned) and the 12.3-megapixel megapixel camera. The most lauded upgrade, however, was Google Assistant, available with a long press of the on-screen home button.

Currencies 60

Currencies Advertising Banking Compliance 60

PYMNTS

MARCH 28, 2016

The cost associated with check processing and the lose-lose business model for check clearing imposed on banks by the Fed is one of reasons that checks are such a drag on the financial system. And a complicating factor for how to monetize “faster payments” in the U.S. Checks are issued at par. In 2011, the U.S.

Accounting 48

Accounting Banking Financial Systems Retail 48

The Charity CFO

MAY 6, 2022

You could even find yourself in worse shape than if you’d never secured the funding. It also takes time to build-out software and technology capabilities. Your financial system must be in good working order before you even consider applying for federal funding. Do I need an audit to secure federal grant funds?

Nonprofit 119

Nonprofit Auditing CFO Financial Systems 119

PYMNTS

JUNE 25, 2020

Financial software and technology giant FIS is teaming up with credit scoring company FICO to roll out a new anti-money laundering (AML) platform as concerns rise over fraud and the global flow of dirty cash amid the pandemic. financial system,” said Jim Johnson , head of global payments and wealth at FIS, in a press release. “FIS

Compliance 58

Compliance Treasury Financial Systems Numbers 58

PYMNTS

SEPTEMBER 21, 2020

billion transactions for potential suspicious activity and screened more than 157 million transactions for compliance with applicable sanctions requirements. Much of those revamped efforts come, perhaps not surprisingly, through advanced technologies. It's the combination of these technologies that becomes powerful.".

Banking 139

Banking Leverage Compliance Currencies 139

Spreadym

MAY 15, 2023

Spreadym works as a corporate performance management system, so users can easily handle plan vs. actual analysis, what-if analysis or model several scenarios for future cash flow. Read more here about the advantages of using EPM and CPM systems among the traditional Excel based templates.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Financial Modeling 52

PYMNTS

JANUARY 27, 2017

In your wallet is a driver’s license and possibly a Social Security card. There are issuing authorities stretching from the Social Security Administration to the DMV, who, as Webster noted, may offer an analogue for the issuance of such attributes. But the advent of technologies such as blockchain may help streamline things.

Securities 57

Securities Numbers Risk Management Compliance 57

PYMNTS

NOVEMBER 20, 2019

“Serious and systemic non-compliance leaves our financial system open to being exploited by criminals,” Nicole Rose, chief executive for AUSTRAC, told the news outlet Xinhuanet.com. .

Financial Systems 49

Financial Systems Compliance Banking Technology 49

PYMNTS

MAY 15, 2017

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. Bitcoin is a fascinating technology on the merits. That means bitcoin.

Math 62

Math Currencies Startups Concentration 62

PYMNTS

OCTOBER 8, 2018

The network is valuable because it connects all the end points to which those payments must be made and complies with the regulations that assure the secure movement of those funds. Banks have earned the trust of people and businesses because they keep the money stored within them safe and keep the integrity of our financial system intact.

B2B 76

B2B Banking Economics Securities 76

Barry Ritholtz

FEBRUARY 13, 2023

So the idea being, you know, that we could analyze, dissect companies anywhere from, you know, senior securities, secured down to distressed. So I think there are 4,800 equities, different securities globally. And so whenever we build a portfolio, we think about every security has a tail to it. Was that the basis?

Mergers and Acquisitions (M&A) 56

Mergers and Acquisitions (M&A) Investments Marketing Education 56

PYMNTS

DECEMBER 11, 2020

will stop human traffickers, terrorists and other global criminals in their tracks when they attempt to infiltrate the financial system,” said BPI President and CEO Greg Baer. In a statement provided to PYMNTS, the Bank Policy Institute (BPI) said that “this legislation warns the world that the U.S.

Compliance 105

Compliance Financial Systems Banking Securities 105

Onplan

NOVEMBER 30, 2022

Our guide to the best FP&A tools compares each vendor based on five criteria: Adoption — How easy it is for users to adopt the technology and learn and leverage its full extent of features and capabilities. To do so, OnPlan easily integrates with several ERP, HCM, and CRM systems. So, what is the best FP&A software?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52

PYMNTS

JANUARY 7, 2019

Cars , today, have the capability to meter usage for insurance premium billing, and to order (and pay for) food and fuel from in-vehicle systems. In other words, pay no attention to the notion that voice assistants are these clunky, friction-filled technologies that have reached their peak.

Retail 82

Retail Leverage Numbers Sales 82