PYMNTS

APRIL 1, 2019

Harris told Webster that, at least for now, the near-term roadmap involves heavy concentration on the SentiLink API, and the detection and scoring of synthetic fraud risk through finding patterns across tens of millions of applicants. That’s the longer-term goal of the company.

Construction 73

Construction Numbers Concentration Securities 73

PYMNTS

JULY 26, 2017

As cyberattackers deploy more aggressive tactics, corporate banking firms have to respond with heightened cybersecurity measures to ensure confidence in the nation’s financial system, the OCC warned. Over time, consolidation among service providers has resulted in large numbers of banks reliant on a small number of service providers.”.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

SEPTEMBER 16, 2016

Also, high capital costs of the latest mining facilities and systems are creating a barrier to entry for new miners. The concentration of bitcoin mining increases the likelihood miners will collude to attack the blockchain, and as profitability goes down, fewer miners will operate and existing incumbents will consolidate.

Currencies 77

Currencies Concentration Securities Banking 77

CFO Share

APRIL 11, 2024

Why Are Cybersecurity Threats a Risk : Small businesses often lack the resources and knowledge for comprehensive cybersecurity measures, leaving them vulnerable to attacks that can compromise financial systems. Outsourced IT companies (MSP’s) do audit services to help identify these risks.

Securities 52

Securities CFO Auditing Education 52

PYMNTS

APRIL 30, 2018

Most of that spend will be concentrated in the U.S., with supporting use cases mostly related to financial services and cross-border settlement, for a grand total of $242 million in 2018. In January, the International Data Corporation (IDC) reported worldwide spending on blockchain solutions would increase to $2.1 billion by 2021.

Banking 73

Banking Investments Concentration Accounting 73

Simply Treasury

JULY 12, 2021

These companies are often managing finance and treasury on separate financial systems which are poorly integrated, if integrated at all. Treasury system needs is a huge pound. But in the past, IT vendors were concentrating on heavy weights only (for profitability/return reasons). An “everything-is-possible” green field.

Treasury 130

Treasury Cash Flow Forecasting Concentration Finance 130

PYMNTS

JANUARY 15, 2020

Eisenbach, Anna Kovner and Michael Junho Lee, is “Cyber Risk and the US Financial System: A Pre-Mortem Analysis.”. The cyberattack in question could wreak havoc on financial firms. The authors seek to quantify how the attacks may be “amplified” through the financial system. counties, the authors added.

Banking 53

Banking Concentration Financial Systems Reconciliations 53

PYMNTS

JANUARY 21, 2021

No individual agency controls blockchain-based financial networks, and it’s hard to enforce adherence to money laundering legislation. and abroad have concentrated on bitcoin exchanges that facilitate trading, enabling law enforcement to follow the money via the blockchain network's open payment ledger. Regulators in the U.S.

Treasury 112

Treasury Concentration Credit Risk Compliance 112

PYMNTS

MAY 15, 2017

Headlines hyping its threat to existing financial systems abound, including one recently that somewhat distorts the threat that bankers feel about all FinTech startups that suggests that nearly 90 percent of bankers say they fear losing money to bitcoin startups. Back here in the U.S. —

Math 62

Math Currencies Startups Concentration 62

CFO News Room

DECEMBER 6, 2022

So just most technology has been a little bit more either the pipes and infrastructure of how the financial system runs or something that lets people buy the products that they want to buy because they can just go online and buy it. But there’s this new emergence of advice- and advisor-oriented technology firms.

Planning 130

Planning Budgeting Investments Communication 130

PYMNTS

OCTOBER 16, 2017

In those pieces, I acknowledged bitcoin was an interesting, even fascinating, innovation, but not the salvation of our global financial system — not even close. Bitcoin’s core principle of anonymity is anathema to operating a safe and secure global financial system. At least I hope so.

Currencies 71

Currencies Concentration Financial Systems Investments 71

PYMNTS

OCTOBER 11, 2018

Today’s drop happened as financial authorities are warning about a possible economic threat. In a recent report, the International Monetary Fund noted that “continued rapid growth of crypto assets could create new vulnerabilities in the international financial system.” At the same time, the U.S. The end of this month, Oct.

Marketing 49

Marketing Concentration Currencies Financial Systems 49

PYMNTS

JULY 15, 2019

When you look at these places with a high concentration of the unbanked, there are things we can do, but it is beyond any one player.”. The coalition of nations is calling for an investigation into the supposed risks of cryptocurrencies and how they would affect the current financial system.

Currencies 40

Currencies Finance Banking Concentration 40

PYMNTS

OCTOBER 1, 2018

Bitcoin’s processing operation is highly concentrated within a handful of miners in China — which is getting more concentrated now, since the price of bitcoin has crashed and fewer players can afford to keep the lights on (literally, since bitcoin processing requires a massive amount of electricity). It isn’t because it won’t.

Currencies 85

Currencies Concentration Financial Systems Leverage 85