Simply Treasury

JULY 12, 2021

However, these "big systems" certainly offer guarantees of solidity, but they also have handicaps linked to their aging and cumbersome technologies that prevent them from being sufficiently agile. These huge systems are fantastic, no doubt about that. Treasury system needs is a huge pound. No one can explain it.

Treasury 130

Treasury Cash Flow Forecasting Concentration Finance 130

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. FinTech Improvements.

Treasury 46

Treasury Securities Currencies Financial Systems 46

PYMNTS

JANUARY 13, 2021

That’s distributed banking, a FinTech model that “remains invisible and never enters into a customer relationship with the end user but rather facilitates the technology, payment choices, risk management and customer experiences necessary to delight everyone in the value chain.”.

Banking 52

Banking Treasury Risk Management Financial Systems 52

PYMNTS

AUGUST 15, 2019

Justin Ferrabee, chief operating officer of Canadian payments clearing and settlement system operator Payments Canada, told PYMNTS in a recent interview that reliable data is also key to supporting anti-money laundering (AML) and know your customer (KYC) compliance efforts. . High-value payment systems operated by the U.S.

Treasury 58

Treasury Prioritization Compliance B2B 58

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To The Economic Crime Plan from H.M.

Economics 40

Economics Planning Treasury Financial Systems 40

PYMNTS

OCTOBER 19, 2016

. “Having experienced several years of increasingly onerous compliance burdens, several treasurers express frustration with some pieces of regulation that are seen as creating a lot of work without delivering any perceived benefits, such as greater transparency or stability in the financial system,” the report noted.

Treasury 70

Treasury Prioritization Economics Leadership 70

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

JULY 16, 2018

“This new service highlights our dedication to provide a frictionless experience to our clients in a rapidly changing business environment,” Naveed Sultan, Citi’s global head of treasury and trade solutions, said in the press release. “We Payment inquiries can at times rely on lengthy manual and paper-based processes between banks.

Cash Management 44

Cash Management Treasury Financial Systems Banking 44

PYMNTS

SEPTEMBER 22, 2016

Definitely for it,” said Siddhartha Sharma, chief technology officer at Hedgeable. With this bill, firms must prove to the regulator three main things: 1) their product or service serves a public interest; 2) it improves access to the industry; and 3) the product doesn’t pose a risk to both the financial system and consumers.

Treasury 77

Treasury Education Currencies Financial Systems 77

PYMNTS

AUGUST 1, 2018

financial system improve the ability of small businesses (SMBs) to get financing, driven in part by a decline in startup formation in recent decades. She said the “pragmatic recommendations” included in the report would make the financial system work better for entrepreneurs, no matter their business size or geographic location.

Financial Systems 40

Financial Systems Finance Economics Treasury 40

Future CFO

JANUARY 21, 2021

Well-oiled and prepared businesses survived (and some thrived), with many companies taking defensive financial positions and granular control over liquidity. As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Changing the Treasury-IT conversation.

Treasury 52

Treasury Foreign Exchange CFO Currencies 52

PYMNTS

JANUARY 23, 2018

So, while the FinTech industry remains fixed on killing the paper check, fewer players are concerned with how to address ongoing points of friction for financial institutions that are still flooded with paper. Superior Press , a treasury management solution provider for commercial banks, is acting on that need.

B2B 43

B2B Treasury Banking Financial Systems 43

PYMNTS

APRIL 29, 2016

It announced an investment in Digital Currency Group, a bitcoin/blockchain startup-focused investment firm, which includes former Treasury Secretary Larry Summers, who is serving as an advisor and also put money up. I am someone who believes in the capacity of technology to take out friction,” Summers told The Wall Street Journal.

Currencies 42

Currencies Auditing Finance Economics 42

PYMNTS

JANUARY 21, 2021

Janet Yellen, President Joe Biden's nominee for Treasury Secretary, is expected to take a hard stance on cryptocurrencies, calling digital currency a “particular concern” that is used “mainly for illicit financing,” Arstechnica and other news outlets reported on Thursday (Jan. These are very real risks.”.

Treasury 112

Treasury Concentration Credit Risk Compliance 112

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. As is often the case with banks, risks of non-compliance remain high, the OCC noted.

Banking 46

Banking Compliance Currencies Concentration 46

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. Department of the Treasury.

Compliance 58

Compliance Treasury Financial Systems Numbers 58

CFO News Room

NOVEMBER 18, 2022

The remaining money was leveraged into the financial system. And this was accumulated into the financial system and financial markets. They’re not necessarily the same thing, though they do share commonalities in that Bitcoin, for example, was created off of blockchain technology, which has been around for decades.

Banking 100

Banking Economics Leverage Currencies 100

PYMNTS

MAY 15, 2019

In payments, to gain technology, reach and new use cases (and, sometimes, all of the above at once), the debate has always boiled down to “build or buy.” … We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said. Single Point Of Connection.

Treasury 74

Treasury B2C Financial Systems Banking 74

PYMNTS

FEBRUARY 19, 2020

Financial Intelligence Units (FIUs) from the 39-country Financial Action Task Force (FATF) and the Egmont Group Secretariat gathered in Paris to talk about the global repercussions of virtual assets, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a press release. .

Treasury 60

Treasury Financial Systems Securities Finance 60

Barry Ritholtz

NOVEMBER 8, 2022

Railways were this revolutionary technology that was going to change the world, going to change civilization, the speed with which people — roughly at the same time, remember Mary Meeker of Morgan Stanley — RITHOLTZ: Sure. They’re actually just buying long dollars, treasuries. CHANCELLOR: Exactly.

Valuation 56

Valuation Finance Investments Banking 56

Barry Ritholtz

FEBRUARY 13, 2023

But since you mentioned getting return on the risk you take, how do you think about duration when the three-month Treasury is more or less the same or better than the 10-year? technology, that was something to ride for a while. The layoffs are happening in finance technology, the higher income jobs. RITHOLTZ: Oh, really?

Mergers and Acquisitions (M&A) 56

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

PYMNTS

AUGUST 6, 2018

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change in how these financial upstarts might be both governed and cultivated. After the Treasury report debuted, the OCC advocated such charters, as well. Faster Payments, and Lending, Too.

Treasury 40

Treasury Financial Systems Startups Finance 40

PYMNTS

JULY 31, 2018

Treasury Department. financial technology efforts. In addition, there is increased lawmaker attention to promote innovation among non-bank providers of new payments and payment-related technology, and more consumer concern about online and data security. financial system around a set of core principles.

Securities 77

Securities Treasury Financial Systems Banking 77

PYMNTS

DECEMBER 15, 2017

The warning came on Thursday from the Financial Stability Oversight Council (FSOC), which Reuters said looks at risks that threaten the financial system. The concern, hinted the newswire, means that bitcoin and other financial innovations might be more closely regulated in the future. ”

Financial Systems 46

Financial Systems Treasury Banking Technology 46

Barry Ritholtz

APRIL 8, 2024

And the newfangled technology was coming. Pretty much the same technology as today. We still use the data resources system constantly. But anyway, you know, that, you know, darn near blew up the global financial system right outta 00:31:40 [Speaker Changed] The blue an an early warning shot, right?

Economics 56

Economics Marketing Forecasting Numbers 56

Barry Ritholtz

NOVEMBER 7, 2023

So I go to this conference thinking, alright, I’m skeptical of crypto but I’m also sort of expecting to see regular Wall Street guys there talking about financial technology in ways that I can understand instead on stage I see like the craziest guys that I’ve ever heard. Technology is a powerful piece of technology.

Numbers 60

Numbers Profit and Loss Banking Finance 60