CFO Talks

MARCH 13, 2025

From Spreadsheets to Smart Systems Traditionally, businesses used basic spreadsheets to manage their finances. Todays financial systems integrate with Enterprise Resource Planning (ERP) software, cloud computing, and artificial intelligence (AI) to provide instant access to up-to-date financial information.

Financial Reporting 52

Financial Reporting IFRS Compliance Problem Solving 52

The Charity CFO

MAY 6, 2022

Those numbers may be skewed by some outliers, like education, but, regardless, there is still a lot of federal money up for grabs. You have an active Employer Identification Number (EIN), which would be issued and maintained by the IRS. You have been issued a DUNS number (Data Universal Numbering System).

Nonprofit 116

Nonprofit Auditing Financial Systems CFO 116

PYMNTS

DECEMBER 21, 2020

With UPI, money transfers can be set up without having to share bank details or source, using a virtual payment address instead of the usual bank account numbers or Indian Financial System Code (IFSC).

Financial Systems 112

Financial Systems Banking Accounting Numbers 112

PYMNTS

AUGUST 31, 2020

Lastly, these cloud-native architectures can take advantage of built-in instrumentation so that system health is self-regulated and the customer expectation of an always-on experience is met,” he said. Self-regulating financial systems sound too good to be true – and it’s not quite that simple. Advantages Found in the Cloud.

Banking 135

Banking Financial Systems Technology Numbers 135

PYMNTS

NOVEMBER 14, 2019

billion back into their home country last year, according to the National Bank of Cambodia, and that number is only going to get bigger as more and more Cambodians continue to work abroad. Cambodian migrant workers sent about $1.4

Financial Systems 101

Financial Systems Banking Numbers Accounting 101

PYMNTS

AUGUST 6, 2020

In an interview, the London-based executive projected that a transition to an all-blockchain-based financial system, with all assets and liabilities native to that, could happen in “the next five to 10 years,” CNBC reported. “So

Currencies 103

Currencies Forecasting Financial Systems Finance 103

PYMNTS

JANUARY 6, 2021

The platform lets B2B, P2P and other commerce take place over Mexico’s real time gross settlements payments system, known as SPEI (in turn tied to wire transfers) for short. As it had been done before CoDi, the user experience had been nothing short of “horrible,” where merchants had to text 18 digit account numbers to consumers.

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

JUNE 9, 2019

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe.

Financial Systems 76

Financial Systems Finance Technology Securities 76

Barry Ritholtz

NOVEMBER 26, 2024

Is the whole DeFi nonsense, the decentralized finance turns out to have been a narrative that kind of faded away because crypto for all the talk about “outside of the financial system” has been dragged kicking and screaming right into the heart of the financial system. Moving into the traditional financial system.

Investments 59

Investments Currencies Financial Systems Marketing 59

CFO Talks

MARCH 4, 2025

The same goes for managing moneywithout tracking your numbers, things can go wrong fast. Financial dashboards Real-time insights on sales, expenses, and profits help you spot trends early. Now imagine losing all your financial records! Thats why businesses are moving to cloud-based financial systems.

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

Simply Treasury

JULY 12, 2021

Number of fintech’s, but for whom? We could not name the solutions given their huge number. These companies are often managing finance and treasury on separate financial systems which are poorly integrated, if integrated at all. You can be a victim of your IT infrastructure and the weight of it, sometimes.

Treasury 130

Treasury Cash Flow Forecasting Concentration Retail 130

PYMNTS

APRIL 30, 2018

And finding ways to enter the previously excluded mainstream financial system is becoming an imperative, particularly for Mastercard. 160 million : The number of Americans who have a low credit score or nothing at all. clicks : The average number of clicks it took consumers to complete online and mobile purchases in Q1 2018.

eCommerce 63

eCommerce Financial Systems Sales Numbers 63

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. brought back financial and other sanctions against Iran, which in turn came after the U.S.

Banking 81

Banking Financial Systems Treasury Communication 81

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 Technology Compliance 139

PYMNTS

MAY 15, 2019

… We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said. Delving into the types of transactions powered by the acquisition, Sheley detailed a number of classifications, including high-value payments and low-value, high-velocity payments. What’s On Offer.

Treasury 74

Treasury B2C Financial Systems Banking 74

PYMNTS

NOVEMBER 12, 2020

FDIC) study found that the number of unbanked U.S. Keeping these consumers engaged in the broader financial system is essential to the collective good. A recent Federal Deposit Insurance Corp. consumers will likely start rising again as a result of the pandemic recession.

Banking 81

Banking Accounting Financial Systems Communication 81

PYMNTS

JULY 1, 2019

There is a growing need for stronger authentication methods as the number of attacks continues to climb. A growing number of devices are equipped with biometric authentication technology, meaning an increasing number of mobile banking customers can use these tools to access their accounts.

Banking 75

Banking Securities Compliance Financial Systems 75

PYMNTS

DECEMBER 7, 2018

That can include things as big as getting over a billion unbanked people involved in the global financial system as well as making it possible for businesses large and small to move funds digitally. billion: The number of unbanked adults on Earth. 225 million: The number of unbanked consumers in China.

Financial Systems 52

Financial Systems Numbers Securities Planning 52

PYMNTS

JANUARY 21, 2020

From there, they can enter a mobile number and debit card number to get a UPI PIN. While some thought it would be called JioPay, the company already has an AutoPay feature under that moniker, which allows customers to recharge their numbers five days before a recharge is needed, or after 90 percent of one’s data is used.

Financial Systems 56

Financial Systems Numbers Banking Marketing 56

PYMNTS

SEPTEMBER 24, 2019

financial system have had some information about themselves … compromised at some point.”. Most will target banks because of the high number of accounts, but casinos, customers, insurance companies and money services are all attractive targets. .

Compliance 71

Compliance Financial Systems Accounting Securities 71

PYMNTS

NOVEMBER 12, 2018

The numbers are in, and the economy is looking up: Gross domestic product (GDP) is increasing fast, wages are rising and the unemployment rate is the lowest it has been in decades. For a deeper look into what is driving consumer financial behavior in Q2 2018, download the report.

Economics 61

Economics Financial Systems Accounting Finance 61

PYMNTS

JULY 13, 2020

mayors and governors within days of starting in the job that they were endangering the financial system by locking down economies, the Times reported. In the last decade, the number of branches in the country dwindled by 6 percent, or more than 4,500, according to the Federal Deposit Insurance Corp. Brooks told U.S.

Banking 68

Banking Currencies Treasury Financial Systems 68

PYMNTS

MAY 2, 2019

“On top of these numbers, the New York Attorney General’s Office revealed what they allege is a fraud involving the loss of $851 million by a major cryptocurrency exchange, Bitfinex. CipherTrace estimates the true number of crypto asset losses was much higher,” according to the company. billion in the first quarter alone.

Financial Systems 62

Financial Systems Numbers Accounting Securities 62

PYMNTS

JUNE 25, 2020

The number for the United States alone is $300 billion, according to the U.S. FIS is committed to helping our clients stay one step ahead of financial criminals who are using increasingly sophisticated tools to try to hide illicit money activities through the U.S. Department of the Treasury.

Compliance 58

Compliance Treasury Financial Systems Numbers 58

PYMNTS

FEBRUARY 21, 2020

Major Chinese lenders reduced their one-year loan prime rate, a key number used across the Chinese financial system, by 0.1 S&P had previously warned China that it would face a surge of bad loans costing up to $1.1 trillion as a fallout from the effects of COVID-19. percentage points, to 4.05 percent.

Manufacturing 63

Manufacturing Transportation Financial Systems Economics 63

PYMNTS

APRIL 3, 2020

Three weeks after the Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions (FIs) on COVID-19, the division of the U.S. Bancorp, was warned by colleagues and regulators that capping the number of alerts was dangerous and ill-advised.

Compliance 56

Compliance Treasury Financial Systems Banking 56

CFO Strategic Partners

APRIL 14, 2025

Whether you hire internally, work with an interim CFO, or use fractional CFO services, the right partner will help you cast a SOLID financial vision, strategically manage cash flow, assemble the right team, and structure your financial systems and processes for the best outcomes.

Cash Flow Forecasting 40

Cash Flow Forecasting Leadership Auditing CFO 40

PYMNTS

MARCH 13, 2020

Yes Bank had been struggling to offload a number of bad loans. Investors are worried that the Yes Bank crisis could potentially affect the country’s financial system as a whole, and they aim to fix the problem before that occurs. “It There is no need to panic,” the central bank said in a statement. “Yes

Banking 60

Banking Financial Systems CFO Planning 60

Barry Ritholtz

SEPTEMBER 30, 2022

John Paulson on Frothy US Housing Market: This Time Is Different Unlike subprime era, financial system is not at risk, he says Real interest rates blamed for lackluster gold price. Sales Numbers Start Climb. The ultrawealthy are donating more than ever. That doesn’t mean the rest of us are giving less. ( Bloomberg ).

Currencies 72

Currencies Financial Systems Banking Economics 72

PYMNTS

JULY 19, 2019

The company is licensed as a financial institution in South Korea and works to give everyday users financial opportunities they might not be able to get in the current financial system. .

Currencies 53

Currencies Financial Systems Numbers Securities 53

PYMNTS

FEBRUARY 20, 2020

S&P had previously warned China that it would face a surge of bad loans numbering up to $1.1 So, on Thursday, major Chinese lenders reduced their one-year loan prime rate, a key number used across the Chinese financial system, by 0.1 trillion as a fallout from the effects of COVID-19. percentage points, to 4.05

Forecasting 52

Forecasting Manufacturing Financial Systems Numbers 52

PYMNTS

APRIL 24, 2019

As part of the partnership, Wirecard will empower its retail agents, who act as service representatives across India, to enable those underserved by the financial system to access basic payment and banking services such as cash withdrawals, deposits and balance inquiries.

Banking 49

Banking Financial Systems Numbers Retail 49

PYMNTS

JANUARY 20, 2021

We already have good examples of embedded B2B finance to go by in manufacturing, technology and professional services: A limited number of firms are using embedded payments to streamline the international invoicing and AR processes with their customers. This simplifies a typically complex, costly and slow process for both parties.

B2C 70

B2C B2B Currencies Invoicing 70

PYMNTS

JANUARY 17, 2019

Blockspring CEO Paul Katsen wrote in a post , “Joining Coinbase was a no-brainer for a number reasons including its commitment to establishing an open financial system and the strength of its engineering team.” With the deal, the startup’s team will reportedly join Coinbase. Blockspring had reportedly notched $3.5

Currencies 57

Currencies Financial Systems Startups Numbers 57

PYMNTS

JULY 6, 2017

A report released this week by the Financial Stability Board, an international body that makes recommendations on the financial system for G20 nations, has raised concerns over the ongoing decline in interbank relationships. dollar and euro transactions declined even further, by 15 percent.

Compliance 40

Compliance Financial Systems Risk Management Banking 40

PYMNTS

OCTOBER 5, 2020

The Commission also respectfully considers that in its judgment the General Court has made a number of errors of law.”. European Commission To Appeal Apple State Aid Decision. “The Vestager previously indicated that the bloc would wait to decide whether to appeal the decision denying her determination that Apple took €13.1

Banking 91

Banking Compliance Advertising Tax Planning 91

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. The Fed, of course, cares deeply about this.

Banking 77

Banking Financial Systems Leverage Accounting 77