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Fast-Track Your Financials: Techniques to Slash Your Month-End Close

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Leverage cloud-based technology: Invest in an efficient and user-friendly accounting system with cloud-based capabilities to maximize data security, improve transparency, and increase month-end efficiency. Regularly reconcile accounts: Instead of waiting until the end of the month, reconcile your accounts regularly.

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Flywire: ‘I Wish For Embedded Payments To Become Ubiquitous In 2021’

PYMNTS

I hope we can leverage that urgency to prioritize a lot more examples of embedded finance on the B2B side in 2021. This enables overseas customers to be invoiced and to pay in their local currency while allowing the biller to reconcile those receivables in its financial system of record and currency.

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Today In Data: Dodd-Frank And Other US Government Updates

PYMNTS

Government regulation is at the core of what helps shape the financial system in nearly every country, and the U.S. Here are the numbers: 1.4 percent | Amount the Financial Select Sector SPDR Fund, which tracks the S&P 500 financial stocks, surged since the vote to overhaul Dodd-Frank. Here are the numbers: 1.4

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FinTechs, AI And The Rise Of SMB Credit In Brazil

PYMNTS

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. In essence, nobli functions as a Credit-as-a-Service provider.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

In addition to the delay in giving people and businesses access to funds, FIN members claim that working through those intermediaries causes increased risk and costs, given the legacy nature of the current financial systems infrastructure. The Fed, of course, cares deeply about this.

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China Finds A Blockchain-Based Replacement For Checks

PYMNTS

The insecurity comes from the large number of third-part intermediaries that have sprung up in the economic ecosystem, which function in much the same way that banks do when it comes to issuing checks.

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Fostering FinTech-FI Trust With Data-Driven Security

PYMNTS

Many FinTechs offering financial services are legally required to implement AML measures and perform know your customer (KYC) checks, according to Financial Crimes Enforcement Network (FinCEN) regulations. The federal entity is charged with monitoring the U.S.