PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings.

Banking 139

Banking Financial Systems Concentration Currencies 139

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 Invoicing Education 52

Future CFO

SEPTEMBER 2, 2024

AI-powered ERP systems can help address regional challenges such as complex regulatory environments, diverse currencies, and rapidly changing market conditions by providing more agile and responsive financial tools. Despite the interest and euphoria around AI, the technology will not be exempt from any ROI scrutiny.

Compliance 116

Compliance Leverage Forecasting Risk Management 116

Future CFO

DECEMBER 11, 2024

Technological Disruption : The emergence of new technologies, including generative AI, requires banks to adapt quickly. Banks invest heavily in technology to enhance user experience and streamline processes through artificial intelligence, machine learning, and blockchain.

Banking 52

Banking Risk Management Compliance Investments 52

CFA Institute

JULY 16, 2024

As financial systems evolve, preserving the US dollar's dominance will require skillful policy management and the integration of cutting-edge technologies.

Economics 52

Economics Securities Financial Systems Technology 52

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

The Charity CFO

MAY 6, 2022

You could even find yourself in worse shape than if you’d never secured the funding. It also takes time to build-out software and technology capabilities. Your financial system must be in good working order before you even consider applying for federal funding. Do I need an audit to secure federal grant funds?

Nonprofit 112

Nonprofit Auditing Financial Systems CFO 112

PYMNTS

SEPTEMBER 14, 2016

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.

Currencies 78

Currencies Financial Systems Securities Technology 78

PYMNTS

JUNE 23, 2016

The technology is typically used by financial institutions to help prevent fraud when customers open a new bank account or when issued credit or debit cards. Grupo Santander expressed its desire to utilize partnerships with technology companies across various financial services markets to help accelerate its own digital transformation.

Investments 42

Investments Securities Compliance Financial Systems 42

Barry Ritholtz

NOVEMBER 26, 2024

But this is just like any other technology you and I remember when the internet. I remember looking up websites in a book, which I now sounds absolutely insane, but technology has advanced. It’s now easy to get high quality access and secure access to crypto if you use the right tools. was hard to use.

Investments 59

Investments Currencies Financial Systems Marketing 59

PYMNTS

JUNE 9, 2017

With eCommerce transactions moving at the speed of light, the ability to have transparency between parties is likely crucial to preventing security breaches. The study, one of many on the blockchain topic, also showed that the technology could potentially assist businesses and governments manage the incoming influx of IoT data.

Financial Systems 68

Financial Systems Technology Healthcare Banking 68

Global Finance

APRIL 7, 2025

Security risk: Bulgaria enjoys generally good relations with its neighbors and is a member of NATO and the EU. Diversified economy focused on information and communications technologies, tourism, business services, and transport. Inflation (2025): 2.6% (IMF) Gross Government Debt: 25.4% Foreign Direct Investment: Stock of FDI: $57.4

Education 52

Education Construction Economics Currencies 52

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

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. These companies are often managing finance and treasury on separate financial systems which are poorly integrated, if integrated at all.

Treasury 130

Treasury Cash Flow Forecasting Concentration Retail 130

PYMNTS

OCTOBER 23, 2018

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

Startups 76

Startups Banking Currencies Financial Systems 76

PYMNTS

JULY 1, 2019

Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave. As such, FIs must seek more innovative authentication procedures that take less time and draw less ire than weak password and PIN systems. Biometrics and the Benefits for Security .

Banking 75

Banking Securities Compliance Financial Systems 75

PYMNTS

OCTOBER 12, 2016

Enriching the ecosystem of decentralized technology is key in the fight, however. The basis for blockchain technology is something that works well in practice, but not in theory,” said Luther Martin at HPE Security-Data Security. Those that want in on the competition have until Halloween to apply.

Startups 77

Startups Securities Financial Systems Technology 77

PYMNTS

OCTOBER 22, 2018

“At PayPal, we believe that everyone should have access to transparent, convenient and secure financial services,” said Mark Britto, senior vice president and general manager of global credit for PayPal , in the press release announcing the investment.

Investments 77

Investments Marketing Financial Systems Leverage 77

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

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. The lack of security cooperation between bankers and regulators also comes up for blame. Fraud is a Top Worry. Growing Awareness.

Securities 40

Securities Banking Compliance Financial Systems 40

PYMNTS

MARCH 12, 2020

Mastercard is partnering with Samsung to bring digital technology to emerging markets and accelerate connectivity and smart devices, Mastercard said on Thursday (March 12). The Pay on Demand platform enables us to deliver on that vision and foster financial inclusion, giving consumers an opportunity to participate in digital commerce.

B2B 72

B2B Financial Systems Securities Economics 72

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 Accounting Financial Systems 74

PYMNTS

SEPTEMBER 28, 2016

Earlier this week, blockchain arrived on Capitol Hill by way of the formation of the Congressional Blockchain Caucus focused on examining and educating lawmakers on the payments technology and issues associated with the digital currency. can continue to secure its stance as the global leader of ingenuity.”. Jared Polis (D-CO) and Rep.

Startups 74

Startups Currencies Education Banking 74

Global Finance

APRIL 7, 2025

At the same time, a new financial system is emerging based on digital assets that range from those issued by regional central banks to digital currencies. He adds that the increasing population will improve productivity and increase urbanization rates. However, its low fertility rate of 1.9 respectively.

Economics 52

Economics Manufacturing Treasury Forecasting 52

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

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

JANUARY 8, 2019

Warren, who created the Bureau of Consumer Financial Protection ( BCFP ) and describes herself as “a banking wonk,” said that the financial system is still too powerful and in need of “big structural changes.”

Financial Systems 75

Financial Systems Securities Sales Finance 75

PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. Billhop Eases B2B Card Acceptance.

B2B 83

B2B Invoicing Banking Currencies 83

Global Finance

JUNE 6, 2024

The Bank of Namibia (BoN) has signed an agreement with NPCI International Payments Limited (NIPL), an international arm of the National Payments Corporation of India (NPCI), to develop a secure national payment system, similar to India’s Unified Payment Interface (UPI) using the same technology.

Strategic Planning 64

Strategic Planning Financial Systems Banking Securities 64

PYMNTS

MAY 26, 2017

From relying on physically walking into a bank to withdraw cash to snapping a photo of a check for deposits, technology has played a great part in the way financial transactions have evolved within the last thirty years. With the various advances in technology, many issues have come to light from the use of blockchain.

Financial Systems 46

Financial Systems Benchmarking Technology Finance 46

PYMNTS

MARCH 10, 2017

So it is perhaps no surprise that Retired Admiral James Stavridis recently said that a “cybersecurity Pearl Harbor” may one day be a reality — and one of the key targets would likely be the banking and financial system, with serious implications for payments activity and the FinTechs that can help safeguard that activity.

Financial Systems 58

Financial Systems Securities Communication Banking 58

Global Finance

OCTOBER 11, 2024

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JUNE 8, 2020

The partnership will attempt to reduce costs for the numerous companies using SAP’s services for invoice processing and running financial systems in general, the release states. “Our partnership with Winshuttle will be instrumental to customers who are processing documents and need to post it securely into SAP.”.

SAP 60

SAP Invoicing Financial Systems Securities 60

PYMNTS

SEPTEMBER 24, 2019

financial system have had some information about themselves … compromised at some point.”. Blanco said vigilance is important for everyone and that his organization will work to secure regulatory gaps that allow for illicit activities to take place. .

Compliance 71

Compliance Financial Systems Accounting Securities 71

PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. Two in particular, he said, are technology and payer habits. “It’s

B2B 64

B2B Securities Technology Financial Systems 64

PYMNTS

SEPTEMBER 16, 2016

According to Chainside: “Unfortunately, it is not always easy for non-experts to integrate such an innovative technology in a secure and scalable way.”. Secure, scalabale integration … that old thing. Turning to investments for a moment, Ripple, the provider of financial settlement services, announced on Thursday (Sept.

Currencies 77

Currencies Concentration Securities Banking 77

PYMNTS

AUGUST 1, 2019

Using the Assurety API, Paystand’s customers can create a secure, certified, digitally notarized record trail, Paystand said in a press release on Thursday (Aug. This is an important step in adding greater transparency to the financial system and the world at large.

B2B 64

B2B Invoicing Financial Systems Securities 64