The Finance Weekly

APRIL 25, 2022

All finance chiefs should stay well-informed and nimble in managing risks during this time. The war also reinforces the criticality of sound data systems that empowers CFOs to drill down into their supply chains to understand where they have risks and opportunities. Being Proactive as Finance Professional During the Crisis 1.

Finance 107

Finance Forecasting Treasury Concentration 107

PYMNTS

JULY 8, 2019

The government would put out their lists of sanctioned entities – hostile governments, drug kingpins, organized crime organizations and affiliates, etc. – and compliance teams would manually check onboarding customers to make sure their records were clear.

Compliance 80

Compliance Financial Systems Leverage Banking 80

PYMNTS

AUGUST 23, 2019

To help advise its financial services business as one global team, Walmart has added two new global governance leaders. Emma Waddell will join the company as vice president of financial services compliance, while Joe Rodriguez will serve as lead counsel of financial services, per news from the retailer. “As

Compliance 59

Compliance Leadership Retail Economics 59

PYMNTS

OCTOBER 28, 2020

This puts them at risk of losing customers to more agile FinTechs that lack these issues. Various factors are contributing to this growth, including increased consumer demand for immediate payments, smartphones’ growing prevalence and worldwide government initiatives that promote digital payments. About The Tracker.

B2B 87

B2B Prioritization Compliance Budgeting 87

PYMNTS

JUNE 9, 2020

As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. These institutions will now be able to provide Aadhaar-based identity verification solutions, which could help reduce the costs of AML/KYC compliance measures.

Compliance 78

Compliance Leverage Valuation Securities 78

The Finance Weekly

JUNE 7, 2022

Such breaches over the past several years have persistently made headline news, despite contemporary enterprises spending more and more money on competent cybersecurity personnel and defensive technologies. However, the MSSP route can devolve into outsourcing responsibility for the program while satisfying compliance obligations.

Compliance 52

Compliance Risk Management Securities Prioritization 52

PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. government official and bank executive.

Risk Management 56

Risk Management Compliance Currencies Securities 56

PYMNTS

JUNE 8, 2020

If they don’t report takeover attempts from abroad that could pose a risk to the country’s security, company directors in Britain could face the prospect of jail time. A number of conservative lawmakers are especially worried about Chinese takeovers, but there are concerns that new dictates could increase tensions. Finance reported.

Compliance 52

Compliance Investments Securities Startups 52

PYMNTS

DECEMBER 28, 2020

Pan Gongsheng as saying that officials criticized Ant for poor corporate governance, defiance of regulatory demands, illegal regulatory arbitrage, the use of its market advantage to squeeze out competitors and harming consumers’ legal interests. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

Restructuring 67

Restructuring Foreign Exchange Compliance Financial Systems 67

PYMNTS

DECEMBER 17, 2018

It’s been six months since the General Data Protection became law of the land, at least in the European Union, and yet the majority of companies that must be in compliance with that mandate are woefully unprepared. May 25 should have been the wakeup call, but it’s not too late to begin your compliance journey. The time is now.”.

Compliance 66

Compliance Auditing Communication Planning 66

PYMNTS

FEBRUARY 12, 2019

MoneyGram largely missed Wall Street estimates — at least in terms of headline numbers, amid results that showed continued headwinds of compliance efforts. The company had closed more than 61,000 “unproductive or higher-risk” locations last year. government gave the thumbs down to a potential $1.2

Sales 73

Sales Restructuring Compliance Currencies 73

The Finance Weekly

FEBRUARY 22, 2023

CFOs may have to convey negative news, which is ideally accompanied by sound guidance. An entrepreneurial CFO can readily answer critical questions such as the required capital, its utilization plans, expected returns, and how to manage financial risks.

Startups 52

Startups Finance CFO Forecasting 52

PYMNTS

MAY 18, 2020

Compliance teams at financial institutions are reportedly looking into computer and phone transaction records as no in-person meetings have occurred amid the two-month pandemic lockdown of Britain. At the time, it had noted that the move puts most of the risk that the loan goes bad on the owner of the firm in lieu of the institutions.

Banking 56

Banking Compliance Investments Marketing 56

PYMNTS

JUNE 11, 2020

On top of that burden, said Hampton, compliance and regulatory requirements for corporates continue to shift and must take precedence within firms’ financial strategy development. “In the world of ‘fake news,’ auditors and accountants have a stronger role than ever to establish trust within the ecosystem.”

Economics 77

Economics Accounting Auditing Forecasting 77

PYMNTS

OCTOBER 15, 2019

Libra has been in the news a lot lately over not only speculation from governments and regulators alike, but the fact that several high-profile companies have dropped out of the Libra Association in the last few weeks. The Express reported that Armstrong called the senators “un-American” for their tactics.

Compliance 48

Compliance Currencies Financial Systems 48

PYMNTS

JULY 7, 2020

Social media has been full of news of anti-maskers wrecking displays – and weeks ago, even attacking a store clerk because of regulations requiring them to mask up inside stores. We strongly urge governors to continue issuing concise, statewide orders that create clarity for all businesses, local governments and law enforcement.

Retail 60

Retail Compliance Communication Investments 60

PYMNTS

DECEMBER 19, 2018

To that end, in South Korea, a number of government ministries are looking into blockchain, eyeing the potential boost distributed ledger technology can give to marine logistics. As has been reported, the Korean Bar Association has urged the government to put blockchain regulations in place. As Coindesk reported Tuesday (Dec.

Healthcare 62

Healthcare Auditing B2B Compliance 62

PYMNTS

APRIL 24, 2019

As the number of sharing economy participants grows worldwide, governments and regulatory bodies are starting to ask more questions. In the April edition of the Payments And The Platform Economy Playbook , PYMNTS examines how regulatory compliance changes are impacting the growth of the sharing economy.

Marketing 71

Marketing Compliance Securities eCommerce 71

PYMNTS

NOVEMBER 19, 2019

Starting on November 25, cryptocurrencies and other high-risk businesses can apply for accounts that will offer full banking features from anywhere in the world, except for sanctioned countries. “As As our world is changing, new types of businesses are evolving. -based banking service platform Cashaa is launching U.S.

Banking 40

Banking Compliance Communication Startups 40

The Charity CFO

AUGUST 15, 2023

Compliance Like traditional accounting positions, nonprofit accountants have to ensure compliance with tax laws and regulations. However, they have slightly different rules to follow, so they have to make sure the organization aligns with the requirements of governing nonprofit entities.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

PYMNTS

APRIL 27, 2017

million fine by the Central Bank of Ireland due to compliance failures with anti-money laundering and terrorist financing rules. According to a report in Bloomberg News , in addition to the fine, the central bank reprimanded Allied Irish Banks (AIB) for six breaches of the law, with AIB admitting to the breaches.

Compliance 40

Compliance Banking Finance Sales 40

PYMNTS

AUGUST 5, 2019

Whether those allegations are proven true or not, the case at least provides an example of some of the risks and problems that can occur, and challenges faced by legitimate companies determined to stay firmly on the right side of the law. The good news? Not only that, but businesses and even governments have a shared goal.

Compliance 65

Compliance Technology Sales Accounting 65

PYMNTS

JULY 18, 2019

The good news, however, is that for the first time, simultaneous advances in authentication, validation and payments worldwide are changing the way cross-border transactions are happening. The larger one’s scale is, the more local compliance checks and vagaries one is responsible for managing.

Technology 64

Technology Compliance Communication Currencies 64

PYMNTS

MARCH 16, 2017

An announcement Wednesday (March 15) said Tungsten’s entrance into the country makes it India’s first to provide compliance eInvoicing; the company’s users can now send and receive invoices across India and generate legal invoices for goods across eight states. Tungsten is bringing its eInvoicing solution to India.

Compliance 40

Compliance Invoicing B2B 40

PYMNTS

SEPTEMBER 20, 2018

According to news from The Wall Street Journal , citing the Danish Financial Supervisory Authority (DFSA), the government agency had closed the inquiry but said it would now reopen it. In May it reprimanded the bank and told it to set aside $800 million in capital to cover any potential risks from the scandal.

Banking 48

Banking Compliance Accounting Securities 48

PYMNTS

NOVEMBER 25, 2019

In today’s top payments news, India’s mobile payments startup Paytm said on Monday (Nov. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant. T-Mobile Data Breach Puts Personal Data Of 1M+ Customers At Risk. SoftBank, Ant Financial Back India’s Paytm With $1B Funding.

Securities 52

Securities Accounts Payable Startups Transportation 52

PYMNTS

DECEMBER 23, 2019

Its omnipresence is altering how members want to interact with their CUs, though regulatory and compliance issues often mean that members cannot reasonably expect the same lightning-fast interactions they might get from banks and FinTech firms. For more on these and other CU news items, download this month’s Tracker. percent and 4.1

Concentration 52

Concentration Leverage Compliance Banking 52

PYMNTS

SEPTEMBER 28, 2017

In retail news, it’s a good day to be Overstock.com. According to reports from CNBC, the market is reacting favorably to the news that Overstock’s subsidiary tZero is joining the business of trading digital coins. In a news release by Overstock, the company explained the system is compliant with both U.S.

Compliance 40

Compliance Securities Currencies Retail 40

PYMNTS

JUNE 20, 2019

The last thing that anyone wants to hear in almost any financial organization is that the people tasked with risk management is feeling less than fully confident about their ability to actually do that job — because they aren’t sure if their data is good.

Compliance 66

Compliance Risk Management Banking Startups 66

PYMNTS

JULY 27, 2018

As noted in Construction News and other publications, Rob Driscoll, who serves as deputy director of business and policy with ECA, stated that “non-compliance by the public sector with the Public Contracts Regulations is unacceptable. are at risk due to late payments. Separately, and also in the U.K.,

Construction 40

Construction Compliance Numbers Marketing 40

PYMNTS

MARCH 17, 2017

It’s safe to say the insurance industry world is slowly moving out of its stodginess and into innovation with this news — and the recent PricewaterhouseCoopers (PwC) announcement of its automated blockchain prototype for the London Market Target Operating Model (TOM) Innovation Exchange. Most of these relate to identity plus compliance (i.e.

Invoicing 50

Invoicing Compliance Currencies Technology 50

PYMNTS

DECEMBER 19, 2019

The obvious ones are things like language, government and regulation — but there is also a massive number of smaller cultural nuances, so there is no such thing as a simple strategy in terms of dealing with the market. That is the bad news. What will that compliance look like in the in the EEA and around the world?

Compliance 40

Compliance Economics Banking Securities 40

Planful

DECEMBER 16, 2015

Risk management is also becoming a big focus for boards, especially IT and information security risk. Balance Cohesion with Risk Management. They need confidence in delivering good news as well as bad news. Bad news needs to get communicated quickly to the CEO and the board. This helps with transparency.

CFO 40

CFO Auditing Communication Risk Management 40

PYMNTS

MARCH 5, 2018

News came this past week, and a regulatory shoe of sorts dropped when the U.S. In February news, the People’s Bank of China is mulling building onto actions taken last year, which included an outright ban on ICOs and shuttering exchanges. And so, the SEC might be shorthand for “Scare Every Cryptocurrency Firm.”. has been piecemeal.

Securities 49

Securities Compliance Currencies Banking 49

PYMNTS

JANUARY 15, 2018

In an interview with PYMNTS, Jordi Gascon, with EMEA Security at CA Technologies, noted the challenges for banks across the EU, right out of the gate: “PSD2 compliance is a must, and they need to cope with the intrinsic risks of opening their infrastructure to third parties.” Regulation News Closer to Home: The CFPB.

Banking 44

Banking Securities Education Invoicing 44

PYMNTS

OCTOBER 1, 2018

FIRREA authorizes the federal government to seek civil penalties against companies and individuals that commit various criminal offenses affecting federally insured financial institutions, including bank fraud, wire fraud and false statements to financial institutions. Those effects, however, were short-lived.

Valuation 54

Valuation Startups Banking CFO 54

PYMNTS

APRIL 27, 2016

Cash has been in the news lately. The idea of switching to mobile payments is old news at this point. Two words: risk mitigation. According to American Banker , banks see these businesses as likely to put them under added scrutiny by the federal government and at great risk for potential money laundering schemes.

Currencies 41

Currencies Treasury Compliance Banking 41