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

DECEMBER 17, 2019

Artificial intelligence (AI) and blockchain technology can boost the odds in favor of those credit-seeking businesses. As Martins said, the country’s financial system and central bank have restrictive rules about what types of collateral — or “leverage” — businesses can offer when seeking loans.

Financial Systems 54

Financial Systems Startups Treasury Banking 54

PYMNTS

DECEMBER 14, 2018

Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. They must deliver services that customers and clients demand while securing their personal data. financial services sector as consumers embrace digital technology for the banking and retail industry.

Advertising 72

Advertising Securities Banking Financial Systems 72

PYMNTS

APRIL 24, 2019

Wirecard, the digital financial technology company announced on Wednesday (April 24) that it has expanded a partnership with RBL Bank to promote financial inclusion in India. Consumers will only need their local Aadhaar identification number to access the services through Wirecard’s retail agents.

Banking 49

Banking Financial Systems Numbers Retail 49

PYMNTS

JULY 19, 2019

Sentbe, which is based in South Korea, wants to improve cross-border person-to-person money transfers by using new technology. 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

CFO Thought Leader

JUNE 13, 2023

Read More Reports Rosenthal: “Relative to traditional asset management funds, we actually performed pretty well, but I did come to understand much more clearly how integrated the financial system is into the greater economy.” Historically, a total sales figure had been tabulated each day, along with a total sales per employee number.

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CFO Leadership Sales Investments 52

PYMNTS

SEPTEMBER 30, 2019

Beyond the lures of money, there are other nation-states that may want access to a financial system, but for different reasons. The Bretton Woods framework for commercial and financial relations still holds sway decades after that system of monetary management was established. The Corrosion Of Power. They make mistakes.

Nonprofit 65

Nonprofit Currencies Financial Systems Securities 65

PYMNTS

SEPTEMBER 16, 2019

Plaid said consumers’ rapid rate of digital payments adoption is evident in a number of stats, including the fact that Venmo has more than 40 million users, and also that so far this year, investors have put $12 billion into FinTechs.

Investments 56

Investments Valuation Financial Systems Financial Data 56

PYMNTS

AUGUST 15, 2019

Seventy countries had adopted the standard as of May 2018, and it is expected to support 87 percent of the world’s financial transactions by 2023. Deep Data For Swift, Secure Payments . High-value payment systems operated by the U.S. Interoperability And Adoption .

Treasury 58

Treasury Prioritization Compliance B2B 58

PYMNTS

AUGUST 3, 2018

financial system around a set of core principles, offered guidance and recommendations that have long bounced around the FinTech space, and which no doubt already command the support of many executives. FinTech Improvements. The report , released in support of President Trump’s call to regulate the U.S. Re-examining Tradeoffs.

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Treasury Securities Currencies Financial Systems 46

PYMNTS

JUNE 4, 2020

It’s a fast and radical transformation that the post-2008 financial system was kind of prepared for. are somewhat expected, with consumers in both [regions] more frequently interacting with financial and payment providers through digital channels. Server farms didn’t melt. The internet didn’t break. Life went on.

B2B 52

B2B Banking Financial Systems Planning 52

PYMNTS

JUNE 5, 2018

Di Gang, deputy head of the digital currency research lab at the People’s Bank of China, told media outlets that his department has “completed the infrastructure of a system that issues digital checks based on a blockchain with smart contracts technology.” If it gets cashed, they can see that. ”

Currencies 44

Currencies Financial Systems Leverage Banking 44

PYMNTS

OCTOBER 28, 2019

The Italian bank indicated that a 2015 file containing customers’ names, addresses, emails and phone numbers was compromised. The data leak did not include any financial information or the credentials required to access client accounts. Their technology is not necessarily superior to the technology that anyone can get.”.

Financial Systems 40

Financial Systems Banking Technology Numbers 40

PYMNTS

OCTOBER 22, 2019

Facebook’s relationship with financial institutions could be threatened if it rolls out its Libra cryptocurrency without completely addressing concerns when it comes to money laundering. 22 might be known as the day when secure remote commerce (SRC) took root. Revolut Taps Mastercard for US Rollout . by the end of this year.

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PYMNTS

JUNE 30, 2017

Things that run the gamut from being more or less variations on existing database technologies to things that are really sci-fi and exciting but very different than anything that is out there right now,” he explained. Also important, he added, is resisting the tendency to attempt to boil the ocean in response to an emerging technology form.

B2B 77

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PYMNTS

MARCH 23, 2017

The maxim has stayed the same in the ensuing decades, but the technology has changed. Stealing money for the sake of getting rich with the taps of a few keystrokes is one thing — an actor, or band of actors, chasing vulnerabilities in technology to make off with millions.

Financial Systems 41

Financial Systems Banking Securities Technology 41

PYMNTS

JUNE 26, 2018

In a world where faster payments are becoming more mainstream, including 12 countries with established Real-Time Payments systems and 45 others in various stages of development, it’s no wonder that security remains top of mind for stakeholders. Account takeovers are finding favor among fraudsters. How much ground?

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Securities Financial Systems Accounting Numbers 46

PYMNTS

NOVEMBER 21, 2018

There is significant room for improvement in the cross-border payments space,” said Scott Hendry, Bank of Canada’s senior special director of financial technology, in another statement. Reuters reported earlier this month that the Financial Stability Board (FSB) counted a 4.1

Benchmarking 49

Benchmarking Banking Compliance Financial Systems 49

Future CFO

SEPTEMBER 10, 2020

trillion dollars in annual losses, said SWIFT and BAE Systems Applied Intelligence which recently released together a report titled Follow the Money. . While the number of identified cases of money laundering through cryptocurrencies is low so far, there have been a couple of major incidents involving millions of dollars.

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Compliance Advertising Financial Systems Securities 40

PYMNTS

APRIL 14, 2017

Technology underpins everything these days. Safety and security are also key concerns, he added, in order to identify suspicious activity and stop fraud. Writ large, the goal is to create “world-class ecosystems” around the “world-class technologies” that allow people to pay with safety and convenience.

Financial Systems 42

Financial Systems Economics Securities Accounting 42

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

FEBRUARY 5, 2018

In order to boost competition within FinTech, said the Bureau, among other recommendations, regulation should be neutral when it comes to technology, and move to embrace Open Banking. In addition, securities regulators are starting to embrace sandboxes, which are another recommendation put forth in the report.

Credit Risk 41

Credit Risk Banking Financial Systems Finance 41

PYMNTS

APRIL 12, 2016

The virtual card has gained attention in recent years for its ability to not only digitize corporate payments but to safeguard them, often coming in the form of a one-time-use card number designated for a specific purchase category and value. But what a commercial card can’t do as well as a virtual card is security.

Nonprofit 40

Nonprofit Accounts Payable Reconciliations Cash Management 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

JANUARY 17, 2018

That’s especially important when the technology in place to “follow the money” is not agile or robust enough to pinpoint suspicious activity. Regulation and technology must go hand in hand to combat the bad guys. Such technology-powered oversight can reduce rules by over 98 percent, he said.

Currencies 41

Currencies Banking Technology Financial Systems 41

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. What Iran Wants. In a match-up with the U.S.,

Nonprofit 58

Nonprofit Financial Systems Leverage Numbers 58

PYMNTS

APRIL 18, 2016

A bKash customer enters the Western Union money transfer control number, the amount to send, and the bKash PIN and the request is processed using MasterCard’s secure payment technology. The funds are then credited to the bKash account.

Banking 41

Banking Accounting Financial Systems Technology 41

Future CFO

SEPTEMBER 14, 2020

Paper-based processes became obsolete and secure access to standalone applications posed technical challenges. Process delays and slow communications, coupled with restrictive lockdowns, led to slower payments, increased financial risks and stretched service centers. “It For Sofitel’s Lee, the issues lie with governance.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Forecasting Planning Foreign Exchange 52

PYMNTS

APRIL 30, 2018

with supporting use cases mostly related to financial services and cross-border settlement, for a grand total of $242 million in 2018. trillion; on security-related hardware, software and services at 10 percent a year from a 2018 base of $91.4 Most of that spend will be concentrated in the U.S., billion growing to $120.7 And to learn.

Banking 73

Banking Investments Concentration Accounting 73

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. Number of fintech’s, but for whom? We could not name the solutions given their huge number. But isn’t it the opposite?

Treasury 130

Treasury Cash Flow Forecasting Concentration Finance 130

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. The mandatory check-at-par system forced on banks by the Fed sets up a bunch of perverse incentives for both sides. In 2011, the U.S.

Accounting 48

Accounting Banking Financial Systems Retail 48

Barry Ritholtz

JANUARY 9, 2024

And so the thing we were doing was sort of solving like often securities law or tax or accounting problems for people with like derivatives. Everything is securities fraud. Whereas if the stock goes down by a billion dollars, then like some securities lawyer will say, well, the shareholders lost a billion dollars.

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Mergers and Acquisitions (M&A) Finance Math Banking 52

PYMNTS

MARCH 14, 2016

Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” It’s secure, it’s cheap, it’s faster than a speeding bullet. Is it one those amazing blockchain things?

Startups 43

Startups Economics Math Securities 43

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 119

Nonprofit Auditing CFO Financial Systems 119

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. In fact, the reported number of exposed consumer records that contained sensitive personally identifiable information jumped 126 percent between 2017 and 2018. Artificial Intelligence .

Securities 74

Securities Healthcare Financial Systems Accounting 74

The Finance Weekly

SEPTEMBER 23, 2021

Take a peek at the list below if you're not up to date on the latest technological advancements. Here are five rising financial services sector trends and observations for 2021. The latest , automated technologies are capable of doing repeated operations with pinpoint accuracy and precision. Blockchain Technologies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Profit and Loss Invoicing Forecasting 52

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