PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S. The terrorist threat, in particular, represents what the report termed “the first raindrops of an oncoming storm.”

Compliance 82

Compliance Currencies Financial Systems Leverage 82

PYMNTS

JULY 16, 2018

Reuters cited the Financial Stability Board which is in charge of coordinating financial regulation among the Group of 20 Economies when reporting that the framework covers how risks from crypto assets could spread to other areas of the financial system. is stepping up oversight of the market.

Corporate Finance 44

Corporate Finance Financial Systems Valuation Securities 44

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.

Securities 52

Securities CFO Auditing Education 52

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

Adam Kae

JULY 17, 2023

At Adam Kae & Associates, we not only create financial strategies and financial systems for digital marketing agencies, but we are instrumental in helping successfully implement them. We'll also cover cash flow forecasting techniques and risk management to minimize financial uncertainties.

CFO 52

CFO Marketing Cash Flow Forecasting Budgeting 52

PYMNTS

DECEMBER 17, 2019

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. We expand that to include almost every type of financial asset.”.

Financial Systems 54

Financial Systems Startups Treasury Banking 54

PYMNTS

FEBRUARY 22, 2018

In a move to strengthen its digital money platform with secure payment applications, Uphold has acquired Cortex MCP. Cortex’s mobile-centric, closed-loop payment and secure tokenization solutions provide industry-leading technologies and security to our platform,” Uphold COO William Dennings said in the announcement.

Currencies 43

Currencies Financial Systems Leverage Securities 43

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

MARCH 26, 2018

A press release issued Friday (March 23) said Candex secured the funding from Edenred Capital Partners, Partech Ventures, Advisors.fund, Camp One Ventures, NFX, Tekton Ventures, Big Sur Ventures and angel investor Mark Goines. Candex facilitates vendor payments for its corporate users that take advantage of gig economy services. “It

Accounts Payable 43

Accounts Payable Vendor Management B2B Leadership 43

Future CFO

AUGUST 16, 2020

The extension granted by the People’s Bank of China allows financial institutions until end-2021 to comply with the new rules, compared with the original deadline of end-2020. This will result in a further reduction in securities and trust companies’ channel business.

Banking 40

Banking Finance Financial Systems Leverage 40

PYMNTS

JULY 23, 2019

The Senate’s hearing ended with a lack of clarity on what data Facebook would collect from Calibra transactions, including financial habits of users, and how the company would ensure both national and personal security. For those who missed it, PYMNTS published a recap of Libra’s week in Washington.).

Sales 44

Sales Advertising Financial Systems Leverage 44

PYMNTS

JUNE 5, 2018

Fake checks in circulation pose a risk to the local economies where they exist, as well as to the health of the financial system in general, Di noted. The blockchain platform digitizes and tokenizes checks, making it possible to build further control into transactions by leveraging smart contracts. ”

Currencies 44

Currencies Financial Systems Leverage Banking 44

PYMNTS

JUNE 30, 2017

“I don’t want to sound like too much of a futurist, but I think it is inevitable at this point that cryptographic networks — blockchains, shared ledgers, whatever it may end up being called — in one form or another will become the basic underpinning of how the financial system works.

B2B 77

B2B Currencies Banking Leverage 77

PYMNTS

JANUARY 21, 2019

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. Visa and Ingo Money announced something similar for SMB merchants several months back.

Banking 77

Banking Financial Systems Leverage Accounting 77

PYMNTS

MARCH 4, 2020

You also have the option to go out into the legal system and figure out how to get some leverage, and actually compel them to treat you like a human being.”. Its new business model doesn’t charge upfront, but gets a 20 percent commission if it is successful in securing a settlement. Most cases take four to eight weeks.

Financial Systems 52

Financial Systems Leverage Startups Securities 52

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.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

JUNE 10, 2016

The impact of being underbanked extends beyond being left out of the financial system. What the health care industry and the payments industry have overlooked so far is that all of this — data and payments — is subject to Homeland Security and cybersecurity breaches, which are far more sophisticated than anybody has thought through.

Technology 40

Technology Healthcare Financial Systems Leverage 40

PYMNTS

JULY 20, 2017

As we reported just a few months back, this technology is set to disrupt the financial industry because it enables secure cross-border money transfers. Among his reasoning for this, he highlighted the complexities of the banking system.

Banking 42

Banking Technology B2B Financial Systems 42

PYMNTS

JANUARY 7, 2020

Planes may fall out of the sky, the financial system may be crippled, the energy grid may go dark — actually, it’s likely that none of this will come to pass. In the coming cyberwar with Iran, the U.S. may get hit hard.

Nonprofit 58

Nonprofit Financial Systems Leverage Numbers 58

PYMNTS

MAY 31, 2018

The success of a standard system remains dependent on its adoption across the financial services space, however. If enough financial system stakeholders don’t adopt and embrace a standard system of working together, it won’t matter how fast or safe payments get, he said. Putting a Standard in Place.

B2B 40

B2B Financial Systems Leverage Securities 40

PYMNTS

DECEMBER 30, 2020

Massachusetts securities regulators recently sued the company , alleging that it exposes investors to “unnecessary trading risks” and prompts inexperienced investors to trade frequently through the “gamification” of stock-market investing. Robinhood denied the charges, but recently agreed to pay $65 million to settle U.S.

Marketing 79

Marketing Valuation B2B Currencies 79

PYMNTS

OCTOBER 14, 2016

Governments the world over are struggling with bitcoin and blockchain; regulatory frameworks for conventional financial systems are not applicable to digital currencies. For the central banks, they hope to gain a more transparent, fast and secure financial system through real-time tracking of currency.

Currencies 77

Currencies Banking Financial Systems Technology 77

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. Then came PayPal’s debut of Instant Transfer to Bank.

Banking 80

Banking Accounting B2C B2B 80

PYMNTS

OCTOBER 10, 2016

They don’t so much like the difficulty in securing bitcoin vaults (as evidenced by the numerous and expensive hacks that seem to be endemic to bitcoin storage) and the simple fact that it is hard to incorporate digital currency systems into the highly regulated and compliance-focused environments that all large international banks exist in.

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

CFO News Room

NOVEMBER 18, 2022

To understand it, you have to go back to before the crisis was apparent to everyone — both during the Great Depression and during the 2008 financial crisis. Back before it became apparent that a financial crisis was happening, there was an immense amount of leverage in the banking system over which Bernanke had a responsibility to regulate.

Banking 100

Banking Economics Leverage Currencies 100

PYMNTS

AUGUST 7, 2019

Based on the flurry of consumers scrambling to get their $125 settlement from Equifax , data security is an issue with far-reaching consequences. The benefits of digital IDs might seem apparent – especially among financial institutions – but consumers aren’t fully on board yet. PYMNTS’ Digital Identity Lifestyle Capsule found that 45.2

Securities 74

Securities Healthcare Financial Systems Accounting 74

PYMNTS

SEPTEMBER 21, 2020

The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”.

Banking 139

Banking Leverage Compliance Currencies 139

PYMNTS

JANUARY 15, 2018

China has long mentioned its intention to expand regulations on the banking system, but in recent months it has been making moves. The government recently introduced measures aimed at controlling more risk and leverage in China’s financial system, looking closely at shadow banking, lending procedures and other finance practices.

Banking 43

Banking Advertising Financial Systems Leverage 43

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

NOVEMBER 8, 2022

I mean, I didn’t want to blow my own trumpet up too much because most of the positions were in place, the quality funds, which more defensive and less leveraged, and low allocation to — a relatively low allocation to equities, and then the hedge funds sort of long/short positions that benefited in the financial crisis.

Valuation 56

Valuation Finance Investments Banking 56

Barry Ritholtz

FEBRUARY 13, 2023

You know, people are comfortable, leverage builds. 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. You know, the leverage in the system builds.

Mergers and Acquisitions (M&A) 56

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

PYMNTS

OCTOBER 16, 2017

Innovators also find new use cases for these new currencies, including Initial Coin Offerings (ICOs), to raise money to fund innovation outside of the realm of existing securities regulation. 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

SEPTEMBER 13, 2018

But like a glacier, Lehman was only the visible part of a system marked by high leverage and the churn that takes place with derivatives trading, asset-backed securities sliced and diced into pools – and, of course, a housing market that required little to no proof that borrowers could actually pay their mortgages.

Banking 43

Banking Leverage Securities Financial Systems 43

PYMNTS

SEPTEMBER 13, 2018

But like a glacier, Lehman was only the visible part of a system marked by high leverage and the churn that takes place with derivatives trading, asset-backed securities sliced and diced into pools – and, of course, a housing market that required little to no proof that borrowers could actually pay their mortgages.

Banking 40

Banking Leverage Securities Financial Systems 40

PYMNTS

AUGUST 12, 2019

Existing infrastructure that enables these innovations is cheap, secure and efficient – and ubiquitous for innovators who want to launch those products as well as the corporates that want to use them. financial system. Assuming, of course, that they still have a choice in 2024 to connect to it or not.

Banking 78

Banking Investments Accounting Leverage 78

PYMNTS

APRIL 26, 2018

PayPal CEO Dan Schulman told investors that the company is committed to making sure that growth hits everyone — particularly those who are currently shut out of traditional financial services markets. “We Consumers can also add direct deposit services to their account or leverage mobile check cashing. “It

Accounting 51

Accounting Banking Forecasting Financial Systems 51