Concentration Financial Systems Securities 
PYMNTS
SEPTEMBER 30, 2020
The groups argue that such efforts are secured under the current regulatory regime, and that allowing innovation at the expense of the financial system’s stability isn’t beneficial. A lack of safety and soundness rules will expose the financial system to significant vulnerabilities.”.
CFO Share
APRIL 11, 2024
But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.
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Simply Treasury
JULY 12, 2021
Paradoxically, "retail" developments are often faster and more intense than "corporate" developments, notably for reasons of security and integration into the IT systems of large companies. These companies are often managing finance and treasury on separate financial systems which are poorly integrated, if integrated at all.
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.
PYMNTS
OCTOBER 11, 2018
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.” Securities and Exchange Commission (SEC) has turned down bitcoin exchange-traded funds (ETFs). At the same time, the U.S. The end of this month, Oct.
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.
CFO Plans
OCTOBER 9, 2024
These services offer the infrastructure needed to efficiently manage back-office financial management, ensuring tax compliance doesn’t hinder growth. Robust financial systems streamline operations, allowing companies to maintain compliance effortlessly and concentrate on expansion.
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