PYMNTS

JULY 1, 2019

There is a growing need for stronger authentication methods as the number of attacks continues to climb. Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave. Biometrics and the Benefits for Security .

Banking 75

Banking Securities Compliance Communication 75

PYMNTS

JUNE 20, 2016

The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Plaid Technologies announced Monday (June 20) that it had secured $44 million in funding courtesy of a round led by Goldman Sachs Investment Partners.

Technology 40

Technology Investments Accounting Banking 40

PYMNTS

APRIL 1, 2019

The money is being earmarked across a number of initiatives, designed to combat synthetic fraud. As Harris noted during the discussion, synthetic fraud essentially centers around creating a person (a fictitious one, in this case) — where bad actors can and do use fake names, Social Security numbers or birthdates, and build credit histories.

Construction 73

Construction Numbers Concentration Securities 73

CFO Thought Leader

MAY 21, 2023

People would say, ‘Great, the accountants are here!,’” recalls Staloch, who tells us that accountants at divisional meetings were sometimes sparse in comparison to the number of agency attorneys seated at the table. Staloch: Fundrise is a technology company. Hence, Fundrise launched vehicles to raise capital under this structure.

CFO 52

CFO Investments Accounting Accounting Standards 52

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

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

JUNE 25, 2020

Financial software and technology giant FIS is teaming up with credit scoring company FICO to roll out a new anti-money laundering (AML) platform as concerns rise over fraud and the global flow of dirty cash amid the pandemic. The number for the United States alone is $300 billion, according to the U.S.

Compliance 58

Compliance Treasury Financial Systems Numbers 58

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

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

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.

CFO 52

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 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

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

Spreadym

MAY 15, 2023

Spreadym works as a corporate performance management system, so users can easily handle plan vs. actual analysis, what-if analysis or model several scenarios for future cash flow. Read more here about the advantages of using EPM and CPM systems among the traditional Excel based templates.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Financial Modeling 52

PYMNTS

JANUARY 27, 2017

In your wallet is a driver’s license and possibly a Social Security card. There are issuing authorities stretching from the Social Security Administration to the DMV, who, as Webster noted, may offer an analogue for the issuance of such attributes. But the advent of technologies such as blockchain may help streamline things.

Securities 57

Securities Numbers Risk Management Compliance 57

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

DECEMBER 2, 2019

Sylvia Garcia, Democrat of Texas, and Lance Gooden, Republican of Texas, introduced a bill that would put the would-be crypto under the oversight of the Securities and Exchange Commission (SEC). Managed stablecoins, such as the proposed Libra, are clearly securities under existing law,” Garcia said in a statement last week. “We

Communication 43

Communication Financial Systems Banking Securities 43

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.

Treasury 46

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

CFO News Room

NOVEMBER 18, 2022

Take, for example, how the Fed views statistics, such as employment numbers, when it’s thinking about inflation or raising rates so quickly, which is really constraining to people on an actual budget facing other inflationary pressures, and, by the way, not actually doing anything about inflation. So those numbers are disparate.

Banking 100

Banking Economics Leverage Currencies 100

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.

Startups 40

Startups Valuation Economics Financial Systems 40

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

B2B Currencies Banking Leverage 77

PYMNTS

DECEMBER 4, 2018

The agencies, in tandem with the Financial Crimes Enforcement Network (FinCEN), said they “recognize that private sector innovation” that builds on existing tools or embraces new technologies can help banks identify and report money laundering , terrorist financing and other illicit activities. financial system.”.

Compliance 64

Compliance Currencies Financial Systems Banking 64

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?

Securities 46

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.

Compliance 40

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

MAY 2, 2018

Financial services technology firm Fiserv posted results on Tuesday (May 1) that met on the top line, beat on the bottom and showed continued traction in internal revenue growth and digital efforts. We also expect nearly 30 clients to go live this year, which is a significant increase in the number of implementations.

CFO 40

CFO Financial Systems Numbers Accounting 40

PYMNTS

JUNE 18, 2019

The Libra ecosystem consists of new rails, the Libra Blockchain, built by Facebook engineers, and the introduction of a new programming language, Move, designed to make it more efficient and more secure for developers to create new payments and financial services applications that run on top of it.

Currencies 98

Currencies Accounting Banking Securities 98

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